Anonymous bitcoin: Ensuring True Anonymity and Incentivizing the Crypto community via Masternode
The crypto eco-circle has certainly made considerable progress since its conception, bitcoin which is the principal focus in the rally to ensure the embrace of blockchain innovation globally has pulled in a great deal of consideration from both the private and public sector. Worldwide use and outcrier for mass implementation have also increased as the years go by. Cryptocurrency has given a more secure, borderless, quick and open source method for completing transactions from any place on the planet. Asides from its proficiency as a method of payment, cryptocurrency likewise fill in as a lucrative store of significant worth because of most having constrained supply which favors the principles of demand and supply and creates an expectation for high returns on investment due to volatility. Nevertheless, security concerns have turned into an issue over the years, the exponential rise in transactions has likewise prompt slower confirmation of payment, and ultimately, the protective framework of bitcoin in recent time have ended up being less than impressive for anonymous transaction. The weakness of the bitcoin blockchain has turned into an issue among individuals from its locale and with the end goal to settle this issues several forks to improve the blockchain have been carried but however no everlasting arrangement has been made due to the failure of the network to execute innovation that will incredibly sustain the protection highlights, offer enhanced security and take care of the issues with respect to the adaptability of the blockchain which has extraordinarily repressed mass appropriation of bitcoin and blockchain innovation overall.
**Presenting Anonymous bitcoin**
The Anonymous bitcoin or simply put "ANON" is a progressive project towards correcting the issues of the bitcoin or cryptocurrencies in general and providing sublime features compared to other blockchain startups available in the crypto eco-sphere. ANON came into existence by executing a fork of the current blockchain which was beneficial to the holders of bitcoin and ZCL respectively. Asides from the bitcoin blockchain there has been various forks on different blockchains with the greater part of them presenting close to nothing as far as specialized design or security is concerned. Most hard forks in the past have been because of difference/covetousness among individuals from the center group but the ANON fork of the bitcoin and zcl blockchain proposes a digital currency with predominant obscurity, staking capacity and adaptability contrasted with customary blockchains. contrary to most blockchain hard forks, the ANON blockchain which was forked from the bitcoin and zcl blockchain, did not inherit the bugs and ledger of the parent blockchain and this is one of the factors responsible for the quality performance rendered by ANON as a means of payment.
**Key Highlights of ANON**
1. Masternode and Staking Feature: ANON boast of a masternode feature which makes it very much different from its parent blockchain and provides a unique means of encouraging people to hold the ANON coin in return for more ANON which will definitely prove to be an immense means of incentivizing the community. ANON guarantees a 35 percent block reward to holders of the ANON coin by means of staking which will guarantee the liquidity of the Anon coin.
2. zk-SNARKS: Implementation of MIT's zero-learning confirmation's (zk-SNARKS) protects transaction on the ANON blockchain and proposes an answer/option in contrast to the security issues that troubles bitcoin and other customary blockchain in the market. The capacity of people to really observe the substance of people wallet from hash codes goes astray from the thoughts of an anonymous and trustless community, and with the presentation of zk-SNARKS this issue of security will gain a lasting solution, and ANON has the capacity to allow genuine obscurity for its user.
3. Proof-of-Work (POW) consensus: ANON utilizes an ASIC-resistance PoW calculation for mining which is affordable for all categories of crypto enthusiast and will definitely encourage all members of the ANON community to get involved in mining.65% of block rewards are given to miners on the ANON blockchain.
4. ANON coin: The ANON coin was distributed after the fork with Holders of BTC and ZCL getting ANON coins in a ratio of 1:1 and 1:2 respectively on the tenth of September 2018. The ANON team intends to burn all unclaimed ANON token on the 1st of January 2019. ANON is currently trading on cryptopia, trade satoshi, safetrade bitsten and idax exchange with ETH, BTC pairing available. ANON coin can be held in the official Anon wallet https://github.com/anonymousbitcoin/anon-full-node-wallet , on the zeltrex wallet https://zelcore.io or on magnum wallet https://magnumwallet.co/
**ANON Team**
**Conclusion**
In spite of the fact that ANON isn't the first to implement zk-SNARKS, its bumper packed feature which include masternode and staking capacities unquestionably separate the ANON blockchain from its antecedents. With a developers team that is actively working on getting ANON to greater height and a community that is ever supportive of the intelligent minds behind the project, the ANON platform is definitely one to watch out for.
To learn more about the ANON platform please check out the following channels.
Website: https://www.anonfork.io/
Github: https://github.com/anonymousbitcoin/
White Paper: https://www.anonfork.io/whitepaper
Reddit: https://www.reddit.com/r/AnonymousBitcoin/
Discord : https://discord.gg/4mDACW2
Twitter: https://twitter.com/ANON_WeAreANON
Telegram: https://t.me/ANONFork
Telegram: News https://t.me/Anon_news
Authors details
BTW name: Mrsparks
BTT profile link: https://bitcointalk.org/index.php?action=profile;u=1197564;sa=summary