Apollo currency

From BitcoinWiki
This is the approved revision of this page, as well as being the most recent.
Jump to: navigation, search
Apollo logo

Apollo Currency is a direct competitor of the top 20 cryptocurrencies on the market, incorporating nearly every feature of those 20, and combining them all into one decentralized platform. Furthermore, Apollo is currently one of the fastest cryptocurrencies on the market, if not the fastest. With a settlement time of 1-2 seconds, and more features than any top 20 cryptocurrency. Apollo sets itself apart in the largest ways. Perhaps the biggest differentiation, however, is the fact that Apollo does not suffer from blockchain sustainability issues like the rest of blockchains on the market, such as blockchain bloat. Nearly every blockchain on the market grows in size as its transaction speeds get slower. Apollo does the opposite, the more users that are on the system, the faster the blockchain. Its database can grow to unlimited sizes due to many groundbreaking technologies incorporated into it, including sharding, adaptive forging, node time synchronization and more. Apollo, apart from being one of the first sustainable blockchains on Earth, has more technological innovations than any current top ten cryptocurrency.


Apollo, does not stop with simply being a leading in technical innovation. Apollo is determined to lead cryptocurrency adoption in nearly every way, and does so with initiatives such as the Apollo Mass Adoption initiative, Africa initiative & Apollo Bank initiative. Apollo is raising the expectation of what a cryptocurrency can accomplish.


Technical Details[edit]

To provide users with additional privacy, Apollo uses multiple solutions. Some solutions are aimed only to extend the ways of possible usage of the crypto.

Olympus Protocol[edit]

Olympus protocol is a technology that consists of a number of procedures. The first procedure is IP masking. IP masking is performed with several iterations, utilizing TOR, among other things. This is one of the most prominent features of the coin that provides untraceable usage of the Apollo wallet.

Another part of the Olympus protocol is its ability to provide both public and private transactions. Users are able to choose the way their transaction will be performed. Olympus protocol also provides integrated decentralized exchange with masked ip and no identification required. Another feature is the coin shuffling that randomly shuffles funds of various accounts for instant anonymization.

Hermes Blockchain[edit]

Hermes Blockchain is a product of the Apollo development process that has a number of prominent properties:

  • Hermes provides transactions performance of nearly 2 seconds
  • Hermes utilizes smart contracts
  • Coin staking
  • Cryptocurrency and token creation with Hermes network


Evidence of Real Adoption[edit]

National Currency Initiative; Apollo will also focus on achieving true mass adoption via its national currency initiative. The initial target is the continent of Africa, where the foundation has partnered with ADF group to pitch to all 54 nations on the continent of 1.2 billion.
The foundation is developing tools for mass adoption, including a lite wallet app. The mobile app will have QR code, as well as merchant features. This will help Apollo to gain merchant adoption globally.


Accomplishments[edit]

Sharding

Apollo is the first cryptocurrency to develop database level Sharding. Sharding is a technology that has been a theory until now. It allows the blockchain to be broken up into pieces across nodes and then accessed independently of one another. This advancement has the potential to take blockchain to the next level by eliminating one of the biggest issues facing nearly every cryptocurrency, blockchain bloat. The Apollo team has made great strides in the development of a real world solution involving sharding and plans to incorporate it on its blockchain as soon as Q1 2019.

Adaptive Block Generation

Adaptive Block Generation is the mechanism for creating blocks only in the presence of transactions. This function affects the speed and volume of the database and allows for guaranteed transactions. Guaranteed transactions are a new type of prioritized transaction performed regardless of the progress of creating new blocks and new transactions.

Two Second Blocks

Because of the hyper efficiency created within the Apollo blockchain, block speed can be increased to levels that had not been attainable previously. Apollo has successfully implemented it’s two second block confirmation speed. The applications of a two second block time are substantial, as it allows for transaction settlement times of 1-2 seconds.

Atomic Swaps

Atomic swap technology ensures the execution of transactions between unrelated blockchains without the participation of intermediaries. The transaction is ensured under the condition that each party fulfills its part of the contract."

Atomic swaps enable each party to participate in a transaction with a contract — a separate contract for each blockchain. A contract with settlement terms is created in the Apollo blockchain. The corresponding smart contract is created in the Ethereum blockchain. https://www.prnewswire.com/news-releases/apollo-foundation-launches-decentralized-exchange-with-atomic-swaps-300932682.html

DAG (In progress)

Apollo’s 2020 vision is to become a next-generation, post-blockchain cryptocurrency. We’re building a post-blockchain distributed ledger technology (DLT) based on the advanced principles of DAG (directed acyclic graph) consensus. This technology will put Apollo’s features above the competition. With an expected TPS (transactions per second) of at least one million, Apollo will offer capabilities surpassing anything on the market today. Directed acyclic graph (DAG) functions as a network of interconnected branches that grows outward in several directions. Transactions can be confirmed faster, and in order of magnitude, while remaining decentralized, since each node confirms only the previous one. https://medium.com/@apollocurrency/announcing-apollo-2020-vision-42afdabb1003

Apollo Updater

Apollo Updater is a module that allows its developers to quickly and efficiently add new features, update the Apollo system, speed up the release of new versions, avoid blockchain “hard forks”. At the same time, the ApolloUpdater protects from unauthorized hacking attempts to update the application. A new type of transaction is introduced that allows its developers to implement the update procedure automatically, securely, with verification of the cryptographic digital signature.

Chain ID

Chain ID is a function that allows the separation of different types of blockchain networks and its segments, to separate and protect against parasitic traffic, respectively, to make the operations faster and more stable.


Other Developed Features[edit]

Important features of the Apollo currency include its monetary system, encrypted messaging, blockchain file storage, alias system, voting system, multisignature accounts and others.

  • Monetary system of the project provides users with an ability to perform ICO, crowdfunding, Charity, Coupons and so on.
  • Encrypted messaging of the platform utilizes the Olympus protocol meaning that messaging is 100% private and untraceable.
  • Blockchain file storage can help to establish a transparent source of information for governmental public information and public information of private companies. It also can be used to store contracts, medical records an on.
  • Apollo’s alias system users can record an alias - a specific word that represents a particular piece of text. For example, this feature can be used to make the wallet address easier to remember and share. Aliases can be claimed only once.
  • Voting system may be utilized to establish a transparent and unchangeable polls’ system.
  • Multisignature accounts are used to provide a number of users to access one account


Good Community Engagement[edit]

They have a thriving community base of nearly 300,000 with almost 400,000 wallets created. We have some of the most active Telegram communities and an impressive number of fans between our social media feeds;

Social Media Channel Link Number of followers
Telegram (main) https://t.me/apollocommunity 31,700
Telegram 2nd community https://t.me/apollocommunity2 26,982
Apollo announcement channel https://t.me/apolloofficialannouncements 59,985
Twitter https://twitter.com/ApolloCurrency 56,300
Youtube https://www.youtube.com/channel/UCZbB3PAUlkSKuBYEMG-l_CQ 41,887
Facebook https://www.facebook.com/Apolloprivacycoin/ 41,372
Instagram https://www.instagram.com/apollocurrency/?hl=en 1,794


Great support staff[edit]

Apollo has an admin team that covers the communities with full 24/7 shifts between multiple staff, as well as having a core team split around the world, meaning there is always someone to govern what is happening with its project, and its wallet products.


How to Purchase Apollo Currency[edit]

Apollo coin is accessed and used via the Apollo currency wallet that is available to use with Linux, Windows and OSX as well as with a web wallet.

Apollo coin exchange can be performed on the following exchanges:

  • Digifinex
  • Altilly
  • BitMart
  • Sistemkoin
  • IDAX
  • exRates


Some specifications of the Apollo coin according to its official website:

Characteristic Value
Consensus Proof-of-Stake (PoS)
Maximum Supply of Coins 21,165,096,531
Pre-mined 100%
Inflation 0%

Apollo Coin Price[edit]

The price of APL token or Apollo coin is always changing, however, BitcoinWiki gives you a chance to see the prices online on Coin360 widget.

See Also on BitcoinWiki[edit]

Resources[edit]