by Marvin Dumont
The term “privacy coin” can be a false claim, and when it comes to your digital wallet you can’t afford any. Ranked №13 on CoinMarketCap, Dash (DASH) is one of the most-recognized privacy-oriented cryptocurrencies. Unfortunately, it imposes limits on the amount you can send and receive with Darksend, and therefore reduces its usefulness and convenience to investors. (Darksend is a simple form of coin mixing that is designed to anonymize source of funds.) With Dash, internet protocol (IP) addresses can get exposed which means outside parties can potentially track your physical location.
№10-ranked Monero (XMR) is one of the more robust privacy coins in the market and it gives users the ability to conduct private transactions. However, the project doesn’t do as much as it could to protect consumers, traders and investors. Although Monero has improved its privacy features (such as Oct. 2018 “Bulletproofs” upgrade), some observers argue that your IP address can still get exposed using XMR.
When bad actors identify your real-time location, your anonymity goes out the window, and possibly your physical safety as well. There have been cases of wealthy crypto investors getting attacked, kidnapped and extorted by cyber criminals for millions of dollars.
That’s why Apollo Foundation is developing technologies that cloak your payments. Anonymity and complete privacy are important to freedom and peace of mind. Taken as a whole, our privacy features will make Apollo an unregulatable and untraceable cryptocurrency. These will include the ability to make private transactions, coin shuffling, and IP masking to name a few. The foundation believes in applying multiple features to maximize your protection.
The majority of privacy currencies have only a private transaction option. This may provide privacy but it does not facilitate mass adoption. That’s because public transactions are necessary in the vast majority of commercial scenarios where transactions must be tracked.
Money has always been useful, whether they were bartered in the form of gold, rare shells or precious stones. It can be said that money’s value is derived from utility — what it’s useful for. By striving to become the most feature-rich crypto, Apollo will give users much utility as digital coin.
Tightening regulations and know-your-customer (KYC) requirements force law-abiding citizens to self-identify, as well as, compromise their financial privacy. This is done with the justification of preventing illicit activities when in fact the overwhelming majority of such transactions are denominated in fiat cash such as U.S. dollars.
Apollo gives you the ultimate crypto privacy solution.