Want near-instant transactions? Who doesn’t.
Apollo all-in-one privacy currency (APL) has 1–2 second block speed that makes it one of the fastest cryptos in the world — if not THE fastest.
APL is quicker than Ripple’s (XRP) 4 seconds. With the upcoming release of Hermes 2.0 (in Q1 2019), Apollo will become even faster so that users and merchants everywhere can participate in Web 3.0 economy in near real-time.
Forbes.com this week mentioned Apollo along with Ethereum (ETH), Ripple, and Tron (TRX). Apollo is faster than all of them. (At $0.0008 APL’s market cap is currently $11.8 million.)
[Apollo] gives importance to privacy and control over one’s data …. In addition to multiple layers of privacy for one-to-one transactions through technologies like IP Masking and integrated coin shuffling, high scalability is also at the core of Apollo’s feature set with Hermes 1.0, Apollo’s newest update incorporating 2-second block speeds, faster than any of the other platforms.
Last week, Forbes.com featured Apollo. (The site gets 110 million monthly visits.)
Let’s compare the speeds of other mainstream coins:
- Stellar (XLM): 5 seconds
- Tron (TRX): 5 seconds
- NEM (XEM): 30 seconds
(The story continues below.)
In its Jan. 8 piece, Forbes.com adds:
A key selling point made by … Apollo … is that the platform is unregulated, meaning that the privacy elements to it will be beyond any government control. At the same time, they promise to make the platform easily accessible to those who don’t have a bank account by providing physical buy locations, mobile options, and even creating a physical currency.
Hermes 2.0 (scheduled for Q1 2019) will introduce Apollo Sharding to further improve 1–2 second speed. The groundbreaking tech splits the blockchain into segments which has positive effects on volume of transactions, download speed, blockchain speed, and overall stability. Sharding processes a transaction in different parts, and these are confirmed by nodes much faster when compared to conventional processes.
Moreover, Adaptive Block Generation was released ahead of schedule in Dec. 2018. It refers to creating blocks only in the presence of transactions. A transaction can settle faster by controlling the volume of data stored in the block and by creating a new type of prioritized transaction called “guaranteed transactions.”
Hermes 2.0 will be followed by Hermes 3.0.
“Intelligence, imagination, and knowledge are essential resources, but only effectiveness converts them into results.” — Peter Drucker