In my previous article Masternodes- The game changer I talked about what masternodes are?. In this article I will be covering the following- What the ANON community is like? & Network security and the 51% Attacks.
What is Anons Community like?
A great project needs a great community. The community should have a belief towards the project, and they should be loyal towards it aswell. I have recently joined the ANON community, their telegram group is full of great and amazing people who are out there helping each other. The admins on that group are super friendly and always address each and every question put up by the members. To answer each and every question is very important as that gives the community members reassurance and satisfaction with the project and the team behind the project. They have a growing community on reddit, twitter discord as well. Many new people have been joining the ANON's social media handles, this brings each and everyone close to each other. People discuss alot of things and share enthusiasm towards the project on these social media platforms. I have felt welcomed and all the discussions have helped me in having a better understanding of this project.
A solid and supportive community needs good handling too. The team is doing that very efficiently all the discussions are in limits and under control. The team also have a great Bounty Program going on for all the community members. The Bounty program engages the community and makes them a part of this project. Members can submit various creative things for this and earn some free ZCL (the parent coin for this fork). The community has been sending numerous pictures, videos, blogs etc for the Bounty Program. It is a great thing for the members and they have been showing it with their submissions.
Network security and the 51% Attacks
Network security places a crucial role in the cryptocurrencies. They work largely on a network of computers, the basic meaning of a blockchain is a network of computers. So keeping the network secure is very important for the swift working of a blockchain. Hackers can see a flaw in the network security and can attack the blockchain stealing away the currency or causing a disruption. Many measures are taken to maintain the network security. However, by controlling the majority of the computing power on the network, an attacker or group of attackers can interfere with the process of recording new blocks. They can prevent other miners from completing blocks, theoretically allowing them to monopolize the mining of new blocks and earn all of the rewards. They can block other users' transactions. They can send a transaction, then reverse it, making it appear as though they still had the coin they just spent. This vulnerability, known as double-spending, is the digital equivalent of a perfect counterfeit and the basic cryptographic hurdle the blockchain was built to overcome, so a network that allowed for double-spending would quickly suffer a loss of confidence. ANON here will be using zkSNARK and masternodes with addition to equihash protocols. This should help prevent any form of network failure.
The 51% attack
A 51% attack is a potential attack on the bitcoin network whereby an organization is somehow able to control the majority of the network mining power (hashrate). The attackers would be able to prevent new transactions from gaining confirmations, allowing them to halt payments between some or all users. They would also be able to reverse transactions that were completed while they were in control of the network. One of the recent attack was on BTG or BitcoinGold about $18million were stolen during that attack. The 51% attack can cripple a network greatly, However They would almost certainly not be able to create a create new coins or alter old blocks, so a 51% attack would probably not destroy bitcoin or another blockchain-based currency outright, even if it proved highly damaging. ANON will fight off all these attacks using appropriate security measures.
A currency with a great community and with an understanding of the importance of network security can only go in the right direction.You can visit the ANON website at www.anonymousbitcoin.io
Nice. I didnt know ANON was going to have masternodes. I see you say entry point is 100 ANON. From this, I can infer that there will be higher tiers (?). Do you have info on what the higher tiers will be? Thanks for posting about ANON. Your posts are very interesting, lots of good info
In my last article ANON- A new kid on the block I addressed a very important question- why to invest in ZCL and ANON. In this article I will be talking about How ANON is Changing the way forks are conducted.
Forks can either be planned for and guided by the core development team of a project or be initiated by a group of developers dissatisfied with an element of an existing project. The ANON team are the latter ones, they will be forking or in lay mans terms combining the best technologies of 2 existing blockchains - Bitcoin & Zclassic and forming a third and a completely new coin "ANON". This fork between ZCL and BTC will be rewarding the holders of these two or either coin with ANON in a 1:1 ratio.
Jake Greenbaum the founder of ANON, while announcing the project clearly mentioned that he had learnt from all the previous forks, successful ones like BitcoinCash and even from the unsuccessful ones like BitcoinPrivate. He very closely followed all these forks and was committed to the fact that he will not be repeating the same mistakes done in the past and till now this has been the case with ANON.So lets discuss about the main question, How is ANON changing the way forks are conducted.
The biggest factor here for ANON is transparency. They plan to release videos, pictures and important updates on almost a daily basis to show the progress of this project. This not only shows the legitimacy of this project but also attracts more people to this. Previous forks were usually conducted behind closed doors, the supporters had no idea on what was being done until they directly saw the final product, which may or may not have been appreciated by them. Anon on the other hand is doing each and everything in the most transparent possible manner. Conducting a fork between 2 coins is not an easy task, it involves a lot of things like coding, testing, blockchain integration etc. all of these things need to be taken care by the team which is being done really nicely by this ANON team.
The team is following a strict and proper way to conduct each and everything as of 10th August 2018, no deadline has been missed by the team and they are hoping to keep this up until the fork is completed on 10th September 2018. However hard work is also necessary in order to make a fork successful. The development team has been working tirelessly to meet all the deadlines.
Another question to adderss here is Why another fork?
Another fork was important to overcome what the previous one couldn’t. Bitcoin and Zclassic are 2 currencies with powerful blockchains, with excellence in privacy and security. This attracted the team to fork these 2 coins again.
Anon is showing the world how to actually conduct a fork, the proper functioning of a team and the impact of the community. The success of a project depends upon the swift working through of a fork. The ANON team is setting an example for the future teams on what to do and how to do. With all these procedures taking place in a fluid manner I am 100% sure that this fork will be a successful one and it will come on top and set an example for future teams.
You can visit the ANON website at www.anonymousbitcoin.io
ANONANON or ANONymous is a fork between Zclassic and Bitcoin. This fork will take place on september 10th 2018. Holders of ZCL and/or Bitcoin will receive 1:1 ratio of ANONymous after the snapshot takes place. One of the Main question here to address is "Why ZCL and ANON are good projects to invest in right now?"Zclassic is an old, but well renowned cryptocurrency. A fork between BTC and ZCL did take place before after which the image of zcl in the community was damaged alot. BTCP team abandoned the ZCL project entirely which lead to a huge value loss (approx $250 to $5). A-lot of investors lost huge amounts of money because of this abandonment by the BTCP team. Now a new lifeline has been given to the zcl project. A new team is being appointed for ZCL and currently 2 teams are in standby to take over. A decision will be taken soon. Everyone knows the power of ZCL with an ath of $250, ZCL is a powerhouse waiting to be unleashed. With a very limited supply of just 4 million tokens, and a great technology this coin was destined for great highs. Now with a new team about to lead the project and the power of zcl will be seen by the world again. ZCL probably currently is an underdog at the moment, but a great opportunity to invest with a great future for sure.Anon on
the other hand is a newly born coin, introduced by Jake Greenbaum. After
learning from previous forks and the mistakes of the previous forks. ANON is
focusing on private peer to peer transactions. The main technology in ANON is
zkSNARK and proof of work. Jake also promised transparency for the project as
well as addition of Masternodes. The ANON team is full of crypto-enthusiasts
like SAM ABBASSI, CHRISTOPHER ARGUELLO as the dev team leads. Now one
would ask why to invest in a project which is very similar to BTCP, which
failed to make any impact on the market, and cause a great loss for investors.
giving a lot of emphasis to transparency and anonymity, ANON is also targeting market
adoption and exchange announcements way before the snapshot & fork takes
place. This is what the last project lacked. And Jake learning from previous
mistakes is confident in this project. A truly transparent project is an
investors paradise. With updates given at each and every step by the team,
regular video uploads, community engagement make this project clear like glass.
Investors always like to invest in a project which is clear, simple &
clean. Backed up by a great team and transparency the ANON project is one of
the hottest project in 2018 to invest into. Price speculation is hard at the
moment but a project which is greatly adopted by the market will only result in
a valuable coin. For a project to be successful community engagement is very important
and ANON has been doing that greatly.
& ANON together are very powerful and cryptocurrencies, they both are great
opportunities for people to invest in currently. ZCL is currently at $14 even
without having a dev team behind it and I am more than positive after a team is
assigned onto this project the price will not remain the same. It is the best
chance to get this coin at such a low price (this is not financial advice do
your own research). Owning ZCL will not only reap you rewards as an investor
but also give you a 1:1 ratio of ANON on September 10 which itself is a very
visit the ANON website at www.anonymousbitcoin.i...