SimpleCoin is decentralized cryptocurrency. The whole system is operated by peer-to-peer network, Transactions are confirmed by distributed consensus, and then recorded on the blockchain immutable.
Using the power of a distributed peer-to-peer consensus network, every transaction on the network is cryptographically secured. Wallet files are encrypted with a passphrase to ensure they are useless if stolen.
All transactions are ring-confidential (RingCT) calls. The amount of each transaction is always hidden from the public, without the keys no one will ever know where that coin comes from.
Taking advantage of the signatures of the rings, a special property of a certain type of cryptography, ensuring that the transactions are not only not traceable, but have an optional measure of ambiguity that guarantees that the transactions cannot be easily linked to a single user or computer.
You can find more information about Simplycoin project via the following channels