by Marvin Dumont
Regulators and law enforcement follow the money trail 24/7 to uncover potential crimes, illicit money flows, and identities of bad actors. The problem is, it comes with a heavy price: They’re monitoring everyone for potential bad behavior, and casting a global dragnet on innocent civilians.
It’s one thing to collect information to support an ongoing investigation. But a Big Brother-like dragnet infringes upon individual freedom and liberty that many constitutions are designed to protect.
What are some consequences? Everyone’s financial privacy and personal security get compromised as banks and payment ecosystem transmit extremely sensitive info to bureaucrats — data that could harm people if accessed by hackers and unethical third parties.
Cryptos are at intersection of computer science, economics, and forensics. But policy makers need to consider age-old ethical questions. Must all of society bear the burden of lost privacy as price to nab a few criminals? And do costs actually outweigh the benefits?
There’s a timeless truth that justifies privacy: It’s a dangerous world — always has been. Therefore, individuals need to protect themselves, their interests, and their family.
Apollo’s Coin Mixing feature (Apollo Mixer) is groundbreaking tool that hides the sender, recipient and APL transaction amounts. It obfuscates the money trail so you can do business safely and privately.
Here are Apollo Mixer’s technical details. (See Apollo whitepaper.)
- Transactions are encrypted when delivered to the mixer. All
transactions are divided into 3–7 parts; sent randomly (3 to 10) to one-time use wallets, which are then destroyed right after the operation.
- These parts arrive in the recipient’s wallet. The absence of the same parameters in transactions makes the restoration of original data almost impossible.
- Apollo Mixer mixes transactions with many others, or exchanges funds for funds received from many other users. The funds received are no longer associated with original sender(s) and/or owner(s).
- The Elliptic Curve Digital Signature Algorithm (ECDSA) is used to encrypt transactions inside the Apollo network. It is a public-key algorithm for creating a digital signature.
- Key exchange uses the Diffie-Hellman protocol on an elliptical curve, a cryptographic protocol that allows two parties that have open/closed key pairs on an elliptical curve to obtain a shared secret key using an unprotected communication channel.
- Storage of external content is carried out in separate, independent repository. This increases the speed of data processing, data security, and the ability to delete unnecessary content by the owner.
Apollo’s privacy tools keep individuals free and secure.
Apollo all-in-one privacy currency combines mainstream crypto features in a truly private and unregulatable platform. APL lets you transact and send data in total anonymity via tech breakthroughs such as private ledger, decentralized exchange, coin mixing, and advanced IP masking.
With 2-second block speed, Apollo is also one of fastest cryptos on Earth.
Learn more about Apollo’s innovations: