Benefits Of Hermes Blockchain

Image for post
Image for post

Distributed ledger technology (DLT) is game-changing tech that is transforming how entire industries do business. Blockchain (whether enterprise-grade or peer-to-peer, open-source) is a new type of digital database that provides a single version of the truth.

It accomplishes this by immutably recording transactions, therefore each participant (node) in the network always uses the same version of the database. Each record is reviewed, approved (or rejected) and timestamped by nodes in a network. This makes electronic records tamper-proof and resistant to fraud.

However, networks (such as Bitcoin) can be susceptible to slow processing times and high fees for various reasons. In Bitcoin’s case, small block sizes prevent the network from scaling when there are plenty of users sending and receiving payments. And Ethereum’s network is susceptible to glitches. Because it’s a new technology, there are concerns about the reliability of networks.

Apollo Foundation is developing Hermes Blockchain that will make Apollo a secure and lean cryptocurrency powered by a reliable network. Its main features will be lightning fast speed as well as privacy.

Hermes will reduce 10- to 30-second transactions to a mere 2–3 seconds by leveraging the latest innovations in blockchain. And being one of the fastest cryptos in the market will enable users to send and receive microtransactions, as well as open the possibilities for decentralized banking and related payment services for the entire ecosystem.

Apollo strives to be an unregulatable and untraceable cryptocurrency. That means our blockchain will incorporate Encrypted Messaging that will allow users to communicate in complete privacy. This feature will let Apollo users send and receive untraceable messages as well as data files from one account to another.

Combined with Olympus Protocol, the user’s internet protocol (IP) address and the transaction carrying the message will be invisible to outside parties. That’s because the Foundation believes that your business is for your eyes only, and that financial anonymity is crucial for the exercise of individual liberty.

Governments and central banks are tightening regulations around tokenized assets. But the same legacy practices, and in some cases unethical behavior, can spill over to decentralized, peer-to-peer monetary systems unless innovators implement robust networks that are reliable and which protect people’s freedoms.

Apollo gives you peace of mind and security.

Written by

World-Shaping solutions for a global economy www.aplfintech.com

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store