While the rate of new currencies has somewhat eased in the last year, thanks to the bear market and the increase in regulatory pressure, we are still seeing more and more projects trying to solve a problem. or another using some form. of cryptocurrency or token. The future often seems to be such that the adoption of decentralized services and solutions will have the cost of having to own a large number of different tokens, each with a purpose that is always slightly different from the other. Some cryptocurrencies are good for high-value low-frequency transactions, some are trying to replace currencies for daily use by pointing exactly the opposite with the goal of minimizing commissions and increasing transaction speed. others focus on privacy and anonymity of transactions, and finally there are other platforms that are opening up a new world for developers to create distributed applications.
It is often easy to get lost among projects.
If the Apollo project makes its way, however, this may soon be a thing of the past. Apollo is presented as the most feature-rich cryptocurrency in the world, a private currency for privacy and a technological solution that can, in itself, compete with the vast majority of other projects that are out there. The team behind it already claims that it is the "fastest and most advanced cryptocurrency", but it is also bullish and will soon become "substantially faster than it is now". The objective to achieve this goal is the first quarter of 2019 and this will come mainly from the distribution of the sharding function on the Hermes blockchain below.
Stephen McCullah, Apollo's Business Development Manager argues that even if cryptocurrencies were to be completely closed, people would still be able to use their platform because of its complete privacy features.
"If the regulation hits, we will be on the only platform that is not governable.Although the whole world will banish the crypto people will be able to buy and sell goods, buy and sell cryptocurrencies, create tokens, send messages, send and archive files and much more on the Apollo platform.We are already one of the only currencies that completely mask your IP.It's crazy, but even the private currencies on the market now do not hide what makes your physical position known. so we are working to be all in one, we want to be the ultimate platform when governments collapse and cryptic users can still do everything they need from a cryptocurrency and not be monitored. "
McCullah also claims to have developed a method now that allows users in China and other limited countries to use IP masquerading, currently their country's firewall blocks and other IP masking methods, so Apollo is trying to be the first currency that allows them to send invisibly.
The Apollo project also places emphasis on its great importance for achieving unprecedented privacy during transactions. While there are other coins for privacy, the fact that they are usually obtained through exchanges that require some form of KYC somehow compromises the level of privacy of the end user. Apollo is addressing this problem by creating its own decentralized market where "users can list goods to sell locally or even worldwide". For this reason, they add that "the trading will be decentralized and untraceable allowing the free exchange of any object". The importance that the project attributes to privacy is favored by the mentions of the characteristics determined by their Olympus protocol, such as IP Masking and Coin Shuffling, which lead to the claim that within the ever-increasing pressures of regulation, Apollo is a currency completely unregulated.
While only time will tell, and this will invariably be good news for many in this space, there is also a topic to be argued that being unregulated might make it difficult for legitimate businesses out there to be able to successfully adopt this cryptocurrency and use it to offer their goods and services. The proverbial jury is still out on this, as only time will tell what will actually take adoption to increase towards levels where it becomes truly disruptive that everyone and everyone uses in their daily lives.
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While the rate of new currencies has somewhat eased in the last year, thanks to the bear market and the increase in regulatory pressure, we are still seeing more and more projects trying to solve a problem. or another using some form. of cryptocurrency or token. The future often seems to be such that the adoption of decentralized services and solutions will have the cost of having to own a large number of different tokens, each with a purpose that is always slightly different from the other. Some cryptocurrencies are good for high-value low-frequency transactions, some are trying to replace currencies for daily use by pointing exactly the opposite with the goal of minimizing commissions and increasing transaction speed. others focus on privacy and anonymity of transactions, and finally there are other platforms that are opening up a new world for developers to create distributed applications.
It is often easy to get lost among projects.
If the Apollo project makes its way, however, this may soon be a thing of the past. Apollo is presented as the most feature-rich cryptocurrency in the world, a private currency for privacy and a technological solution that can, in itself, compete with the vast majority of other projects that are out there. The team behind it already claims that it is the "fastest and most advanced cryptocurrency", but it is also bullish and will soon become "substantially faster than it is now". The objective to achieve this goal is the first quarter of 2019 and this will come mainly from the distribution of the sharding function on the Hermes blockchain below.
Stephen McCullah, Apollo's Business Development Manager argues that even if cryptocurrencies were to be completely closed, people would still be able to use their platform because of its complete privacy features.
"If the regulation hits, we will be on the only platform that is not governable.Although the whole world will banish the crypto people will be able to buy and sell goods, buy and sell cryptocurrencies, create tokens, send messages, send and archive files and much more on the Apollo platform.We are already one of the only currencies that completely mask your IP.It's crazy, but even the private currencies on the market now do not hide what makes your physical position known. so we are working to be all in one, we want to be the ultimate platform when governments collapse and cryptic users can still do everything they need from a cryptocurrency and not be monitored. "
McCullah also claims to have developed a method now that allows users in China and other limited countries to use IP masquerading, currently their country's firewall blocks and other IP masking methods, so Apollo is trying to be the first currency that allows them to send invisibly.
The Apollo project also places emphasis on its great importance for achieving unprecedented privacy during transactions. While there are other coins for privacy, the fact that they are usually obtained through exchanges that require some form of KYC somehow compromises the level of privacy of the end user. Apollo is addressing this problem by creating its own decentralized market where "users can list goods to sell locally or even worldwide". For this reason, they add that "the trading will be decentralized and untraceable allowing the free exchange of any object". The importance that the project attributes to privacy is favored by the mentions of the characteristics determined by their Olympus protocol, such as IP Masking and Coin Shuffling, which lead to the claim that within the ever-increasing pressures of regulation, Apollo is a currency completely unregulated.
While only time will tell, and this will invariably be good news for many in this space, there is also a topic to be argued that being unregulated might make it difficult for legitimate businesses out there to be able to successfully adopt this cryptocurrency and use it to offer their goods and services. The proverbial jury is still out on this, as only time will tell what will actually take adoption to increase towards levels where it becomes truly disruptive that everyone and everyone uses in their daily lives.