SnowGem maintains that there is no central authority, the system’s decisions will be controlled by nodes in the network. The network is open to anyone, anywhere in the world. We are looking forward to a future where transferring money is no longer complicated and troublesome.
SnowGem solves the problem of privacy by using shielded transactions, enabled by zkSNARKs, to hide information about the sender, the recipient, as well as the value on each transaction. You can now be assured that your financial information is private.
SnowGem is the first Equihash – zkSNARKs – Masternode system. Beside zkSNARKs, which help us to shield transactions in SnowGem can be fully encrypted on the blockchain, Masternodes help us to achieve faster and more private transactions too. To run SnowGem Masternode, you need 10000 SNG in their balance as collateral.