A pc programmer and one of many Bitcoin outstanding supporters, John McAfee, is making a Monero-like cryptocurrency. In a current tweet, McAfee disclosed that he’s creating a privacy-focused altcoin that shall be generally known as Ghost.
McAfee privateness coin undertaking
John McAfee’s Ghost shall be working on a proof-of-stake (PoS) consensus algorithm. The cryptocurrency will even be accessible on his decentralized digital forex alternate, dubbed McAfeeDex.
The devoted website for deliberate privateness coin farther revealed that transactions made with the cryptocurrency could be confirmed by way of zero-knowledge proofs. This characteristic will make sure the anonymity of Ghost, because it allows customers to determine transfers on a blockchain with out the information of individuals behind it.
Moreover, the web site famous the transaction with John McAfee’s Ghost could be processed beneath one minute through on-chain. It’ll solely require a minimal price for any transaction.
In the meantime, the community for the cryptocurrency shall be backed by a community of cryptocurrency full nodes, exactly grasp nodes. It’ll reportedly earn a portion of the charges for Ghost transactions.
As soon as John McAfee’s Ghost goes reside, the token shall be accessible on McAfee cryptocurrency alternate through atomic swaps. The alternate will even help the pairs of Ghost with common digital currencies, corresponding to Bitcoin (BTC), Ethereum (ETH), and Bitcoin Money (BCH).
John McAfee’s Ghost will not be the primary
The undertaking will not be the primary time the Bitcoin supporter is making a cryptocurrency. Actually, privateness crypto is the third time he shall be creating a digital forex along with his group.
As of 2019, the pc programmer released an ERC-20 cryptocurrency, which is named ‘WHACKD’ for brief. The crypto appears to be unique on McAfee alternate, and it reportedly sees a comparatively small transaction.
Per the data offered on the web site, the white paper for Ghost cryptocurrency shall be launched on the 15th of Might, this yr. Many individuals speculate it is going to be among the many business’s high privateness cash.
