by Marvin Dumont
Cloaking powers are beneficial in a 24/7 monitored world that’s full of bad actors who want to steal your money and ID.
Apollo Foundation has reached a key milestone with the launch of Olympus Protocol 2.0. This groundbreaking version makes the all-in-one currency that combines every mainstream feature into a truly private and unregulatable platform.
IP Masking 2.0 uses encrypted-data protocol that hides your real-time physical location. This feature keeps you invisible from criminals, hackers, and overzealous bureaucrats. (Think Beijing.)
When you send and receive funds, no third party needs to know who or where you are: That could compromise your safety. That’s where cloaking comes in.
Here are technical details of IP Masking 2.0. (Read Apollo’s technical paper.)
- A transport protocol allows the delivery of anonymous encrypted packets. This method prevents the tracking of transaction paths. Moreover, it makes transactions completely anonymous.
- The above proprietary protocol recognizes the use and blocking of TOR browser in restrictive countries (like China). It also recognizes the inability to configure data exchange parameters in the TOR network. To enable transport between nodes, a VPN channel is created — a tunnel through which all data is transmitted in the form of standard protocol packets used by standard web browsers.
Importance Of Privacy
Facebook is building a stablecoin that will let users send remittances. Mark Zuckerberg’s initial focus will be India market through its WhatsApp messaging app.
However, big tech brings a red flag: lack of ethics.
According to New York Times investigation, Facebook gave other big organizations access to sensitive data of its 2.2 billion users. These include private messages, usernames, chat threads and contact info — as far as we know. Will Facebook also share your payments history or recipient names and addresses?
You may think that your friendly chat is secure, but it may not. Facebook shared the above info with Bing search engine, Amazon, Royal Bank of Canada, Netflix, Spotify and others. (Did tech firms also share info with government agencies?)
Therein lies the danger. What if they’re hacked and your crypto passphrases and IDs are compromised? Will Facebook or WhatsApp or Microsoft refund your lost bitcoins?
Most cryptocurrencies are bearer instruments that give anyone who can access passwords full control of digital funds. It’s risky for token holders if their “private” messages and identifying information are shared with third parties, and subject to interception by hackers, unethical bureaucrats and/or overzealous law enforcement.
The U.S. government, China, and other nations are seeking to uncover the identities of anonymous crypto users by using financial bounties and by hiring blockchain security firms. These bounty hunters can accomplish their intrusions by purchasing your data from Facebook and other platforms that are expected (by law) to protect people’s privacy — but don’t.
When the people find that they can vote themselves money, that will herald the end of the republic. — Benjamin Franklin