Stealth

What Stealth does

Stealth R&D, LLC is a privately held Delaware LLC that develops and supports the Stealth (XST) cryptocurrency and its underlying blockchain protocol. Founded as a blockchain in July 2014 and incorporated in 2018, the company operates with a three-person core team led by Co-Founders Sascha Pahlke and Dr. James Stroud, PhD (Lead Developer), with Gian Perroni as COO. The company's core offering is the Junaeth consensus protocol — a scheduled-validator (Quantum Proof-of-Stake) system that delivers 5-second block times, 917 TPS throughput, feeless transactions via Argon2d "feework," and a fused UTXO/account ledger supporting both cryptographic privacy (via the StealthPrivate side chain using zk-SNARKs) and FATF Travel Rule compliance (via StealthCore). User-facing distribution consists of self-serve StealthSend Desktop and Mobile light wallets on GitHub, the Apple App Store, and Google Play, with token trading on Finexbox and a wrapped wXST on Binance Smart Chain.

Stealth's economic model is built around StealthNodes — non-fungible validator rights purchased by burning XST tokens, with 100 nodes currently active and ~140 planned. Validators earn block rewards proportional to their weight/reputation, creating multi-year capital lockup and skin-in-the-game alignment. The company itself does not appear to generate conventional revenue from token trading; economics flow to distributed validators, and the LLC is funded through means not disclosed in the source material. Distribution is product-led and community-led across Twitter, Telegram, Medium, Reddit, Discord, and GitHub, targeting cryptocurrency users and enthusiasts who require feeless microtransactions, feeless multisignature custodial workflows, point-of-sale usability, and private transfers — horizontal use cases rather than a focused enterprise vertical.

The technology differentiation is concentrated in three claimed firsts: the only BTC-descendant offering true feeless transactions, the only cryptocurrency offering feeless multisignature transactions, and a novel asynchronous network clock with game-theoretic timekeeping incentives. The roadmap extends the platform into smart contracts, user-defined tokens (XRC20/XRC21), and the StealthPrivate side chain, signaling an intent to evolve from a payments-focused L1 into a broader programmable asset platform.

Name

Stealth

Legal name

Stealth R&D, LLC

Website

https://stealth.org

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

1–10 employees

Short description

Stealth R&D, LLC develops the XST cryptocurrency and proprietary Junaeth consensus protocol, delivering feeless, 5-second-block, privacy-enabled transactions to cryptocurrency users via self-serve StealthSend desktop and mobile wallets and 100 bonded StealthNode validators.

Ownership category

akta.pro rank

Product category

Cryptocurrency / Blockchain Protocol

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)

akta.pro primary industry

Smart Contract Wallets & Account Abstraction (FSADACAF)

akta.pro secondary industry

Authorization & Permissions (delegation, allowances, capability-based access, session keys) (FSAPACAJ)

Keywords

• Blockchain protocol
• Cryptocurrency network
• Feeless transactions
• Consensus mechanism
• Digital wallet

Headquarters

HQ city

Dover

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Block Rewards for StealthNode Validators: StealthNode owners earn XST rewards for validating blocks and including transactions. Rewards are proportional to StealthNode weight/reputation. StealthNodes are purchased by burning XST (permanently removing from money supply), creating economic incentives for validators.
2. Token Trading on Exchanges: XST tokens are traded on exchanges (currently Finexbox). No ICO or coin sale; tokens were fairly mined into existence via proof of work at genesis in July 2014. Revenue for the company is not directly generated from trading but ecosystem growth increases validator participation.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

Stealth operates the XST cryptocurrency on a dedicated blockchain powered by the proprietary Junaeth consensus protocol, delivering feeless or fee-optional transactions with 5-second block times, BTC-style UTXO-based cryptographic privacy (via the StealthPrivate side chain using zk-SNARKs), and feeless multisignature transactions. Users access the network through StealthSend Desktop and Mobile light wallets, while StealthNode operators validate blocks in exchange for XST rewards after purchasing NFT-based validation rights by burning XST tokens.

Product overview

Stealth is a cryptocurrency platform centered on the XST token and the proprietary Junaeth consensus protocol. The core offering is the Stealth XST blockchain — a high-performance, fee-optional protocol with 5-second blocks, feeless transactions, and cryptographic privacy via zk-SNARKs. User-facing products include StealthSend Desktop and StealthSend Mobile light wallets, with the StealthMonitor block explorer for chain visibility. The validation layer is powered by StealthNodes (NFT-based block validators). Privacy is delivered through the forthcoming StealthPrivate side chain. XST is also available as wXST on Binance Smart Chain for DeFi interoperability. The roadmap includes a 4-way hybrid ledger supporting smart contracts and user-defined tokens (XRC20/XRC21).

Differentiator

Problem solved

Functional benefit

Brands

• StealthSend: The mobile and desktop wallet application for the XST cryptocurrency, supporting feeless transactions
• StealthCore
• StealthPrivate
• StealthNodes
• Junaeth
• wXST

Products and services

• Stealth XST Native cryptocurrency of the Stealth blockchain — the world's first private high-performance blockchain protocol with feeless transactions, 5-second blocks, and cryptographic privacy using zk-SNARKs. Designed for fast, feeless, private digital currency transfers and microtransactions.
• StealthSend Desktop Desktop light wallet application for Windows, OSX, and Linux offering all features of the mobile version plus optional feeless transactions. Supports BIP39 seed phrase backup and transaction labels/memos. Downloadable from GitHub releases.
• StealthSend Mobile Mobile light wallet for iOS and Android supporting BIP39 seed phrase backup and feeless transactions fully executed within the device. Ready to use within seconds of installation. Available on Apple App Store and Google Play Store.
• StealthMonitor

Quantifiable outcome

• Feeless transactions enable microtransactions valued at $0.00025 (0.025 cents) - the smallest transaction amount currently possible
• +3 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

One partnership is on record.

• Binance Smart Chain (BSC)coreTechnology or Integration · 11 August 2022XST is available as a wrapped token (wXST) on Binance Smart Chain. This enables XST to be used within the BSC ecosystem and accessed through BSC-compatible wallets. The wrapped token contract is available on bscscan.com.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Solana (SOL): Solana is a high-throughput Layer 1 blockchain optimized for fast, low-cost transactions (400ms blocks, 65,000 TPS theoretical). Stealth competes in the same 'fast scalable L1' category though at a much smaller scale and with a feeless model.
• Monero (XMR): Monero is the leading privacy-focused cryptocurrency using ring signatures and stealth addresses. Stealth's StealthPrivate side chain (zk-SNARKs) targets the same user base seeking cryptographic transaction privacy.
• Polygon (MATIC/POL): Polygon provides low-fee, high-throughput transaction infrastructure for Ethereum. As a scaling/fees-reduction play, Polygon competes with Stealth for users seeking low-cost crypto transactions, though Polygon operates as an L2/sidechain rather than an independent L1.
• Zcash (ZEC): Zcash pioneered zk-SNARK-based privacy in cryptocurrency. Stealth's StealthPrivate side chain uses the same zk-SNARK cryptography and targets comparable privacy-preserving payment use cases.
• Dash (DASH): Dash is an established cryptocurrency with PrivateSend mixing for privacy and InstantSend for fast transactions. Both Dash and Stealth combine privacy features with fast settlement, targeting digital payments use cases.

Direct peers

• IOTA (MIOTA): IOTA offers feeless transactions via its Tangle DAG architecture for IoT and machine-to-machine payments — directly overlapping with Stealth's microtransaction and IoT positioning. Both target high-frequency, low-value use cases.
• Nano (XNO): Nano is the prior standard-bearer for feeless digital transactions and Stealth's most direct competitor in the feeless crypto category. Stealth explicitly positions against Nano's lack of feeless multisig and was attacked by a spam vector that previously hit Nano.

Emerging players

• Mina Protocol (MINA): Mina is a lightweight blockchain using zk-SNARKs for a fixed-size chain. Both Mina and Stealth leverage zk-SNARK cryptography and target efficient, scalable blockchain architectures — though Mina focuses on recursive proofs while Stealth combines feeless and privacy.
• Horizen (ZEN): Horizen is a privacy-focused Layer 1 blockchain with sidechain architecture and zk-SNARK shielded transactions. Stealth's sidechain-based privacy design (StealthCore + StealthPrivate) parallels Horizen's two-chain model.
• PIVX (PIVX): PIVX is a privacy-focused Proof-of-Stake cryptocurrency with optional zk-SNARK shielded transactions and low fees. Like Stealth, PIVX combines privacy, fast settlement, and low transaction costs in a UTXO-based architecture.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• GitHubgithub.com/Stealth-R-D-LLC
• Xx.com/stealthsend
• LinkedInlinkedin.com/company/stealth-rd

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Stealth