Apollo Currency Review: The All-In-One Cryptocurrency

Ever since the invention of Bitcoin and blockchain technology, there have been several altcoins emerging every so often. With several blockchain projects always developing, projects must present a unique property or trait to get ahead of the competition.

Privacy issues on blockchain technology have been an issue among many crypto enthusiasts. Although one of the things that the blockchain technology promised during its onset years was anonymity, there have been several cases of privacy breaches.

It is, therefore, no surprise that more crypto projects promising ultimate privacy for transactions on the blockchain are coming up. Apollo currency is one such project that promises a considerable impact on the privacy of decentralized currencies.

What is Apollo?

Apollo is a blockchain startup that is looking to provide an all-in-one cryptocurrency to help solve most of the problems with the current digital coins. The project was established in 2017, and unlike other currencies, Apollo did not hold an ICO. Instead, the project already had a working product during its Coin Distribution Event (CDE).

Apollo is built on the Hermes Blockchain and was established through an airdrop of NXT holders, which makes it a fork or clone of NXT. The project comes with some of the most impressive features of cryptocurrencies, including 100% private transactions, an asset system, encrypted messaging, currency and token system, voting system, decentralized data system, and exchange, among others.

One of the problems that Apollo tries to solve is the fact that crypto users often have to use different digital currencies for various applications. Say, for example, a user wants to generate a smart contract and a private transaction, they cannot use the same cryptocurrency for both actions.

Also, individual governments issue regulatory laws against cryptocurrencies, which means that they can leverage them at any time. Because of this, the decentralized nature of cryptocurrencies is always under threat. Another issue with the current cryptocurrencies that offer privacy is that they do so in a limited capacity. No crypto offers IP masking, which means that hackers can track the IP addresses of users on the blockchain from their transactions.

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Currency Trader 6 months ago Member's comment

Interesting, but even I'm starting to lose track of how many thousands of new #cryptocurrencies there are!