Ghost by McAfee — a Proof of Stake privacy coin that helps you to become a ghost, making online transactions. According to McAfee, the exchange is completely anonymous and does not require to provide names, provide e-mail or bank account numbers.
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Brief information about the Ghost by McAfee platform
McAfee Security antivirus creator John McAfee announced the release of the GHOST cryptocurrency, focused on confidential and anonymous payments. Cryptocurrency is absolutely decentralized. You can also notice that the coin has a very fast implementation process.
However, the project aims to remain at the top of privacy technology, in addition to conducting research on better anonymity with less cost and computation to prevent DDoS attacks. Every 120 seconds (2 minutes) a new block appears in the network, thus, making 12 GHOST coins (6 GHOST per minute):
- 6 GHOST allocated to the Veterans' Remuneration Fund;
- 4 GHOST go to the staking address that creates the bloc;
- 2 GHOST go to the development fund for future development.
Another feature of the Ghost project - the ability to send funds by a reserved alias that corresponds to a hidden address. The project is motivated to implement this in order to ensure convenience and privacy for everyone, involved in the ecosystem.
Other features
One of the main principles of the Ghost project is transparency and confidentiality. Developers are striving to make the platform completely transparent. GHOST owners will have the opportunity to vote for future events. Ghost hopes to promote the project through community participation, creating a product that meets the needs of users. Voting will be simple, the user will be able to pay a small amount of GHOST to propose a topic for consideration. This could be any new feature that, in their opinion, could benefit the platform. From there, any user can vote through one of the existing platforms. Their vote will be weighted, based on the amount of GHOST they have. Project advantages:
| Confidentiality | GHOST transactions use a modern escrow pool to protect and delete transaction history. |
| Faster transaction time / Low rates | With GHOST, transactions are processed in less than 120 seconds and only a small fraction of the fees are paid for transactions. |
| Ghost veterans | Help to protect the GHOST network and earn a portion of the transaction fees, using the betting features for GHOST. |
| Decentralization | This is a trusted network, controlled by GHOST token holders and users. GHOST does not have a central company or owner and is managed by the community. |
Developers provide White Paper and RoadMap, which describes the features of the project and upcoming updates. The audit of the smart contract is presented on the etherscan website. The community has a telegram channel and twitter, with more than 3,000 people.