Ghost Coin Backed By John McAfee Will Go Live On May 25

  • The Ghost coin backed by prominent personality in the crypto and a computer scientist John McAfee will go live on May 25.
  • The prominent Computer scientist took to Twitter earlier today to unveil that the whitepaper for Ghost has gone live.
  • The whitepaper for the Ghost Coin reveals that its utmost priority is privacy. The coin aims to provide security and reliability to users to perform transactions throughout its network.
  • Furthermore, the coin aims to serve the best features combined from diverse cryptocurrencies that are already existing

The Ghost coin backed by prominent personality in the crypto and a computer scientist John McAfee will go live on May 25. The coin mainly has its focus on privacy and prioritizes the same. It employs the Proof of Stake consensus algorithm and supports the master node as well. Besides that, the coin will behave like a private one with Zero-knowledge proofs.  It will shield/erase the history of transactions through the use of an escrow pool. 

The prominent Computer scientist took to Twitter earlier today to unveil that the whitepaper for Ghost has gone live. He stated that one must hold a $ESH token on May 25 to be able to claim Ghost. Mcafee further brought to notice that 25% of the coin supply will be issued to ESH token holders. Whereas the rest of the supply would be allocated to proof of stake rewards.  

John McAfee’s coin to prioritize privacy before anything else

The whitepaper for the Ghost Coin reveals that its utmost priority is privacy. Highlighting its mission, it aims to provide security and reliability to users to perform transactions throughout its network. In other words, its mission is to provide an affordable means so that users can transact on the network with ease. Furthermore, the coin aims to serve the best features combined from diverse cryptocurrencies that are already existing. As it uses the distributed ledger technology taken from Bitcoin and Masternodes functionality from Dash. Along with the added custom zk-SNARKs from Zcash and incorporated general staking process. 

In addition to the above, it features a dynamically calibrated coin supply that will operate by burning transaction fees. Besides, it will elastically adjust the supplies resulting due to economic stress.

The post Ghost Coin Backed By John McAfee Will Go Live On May 25 appeared first on CryptoSyringe: Cryptocurrency , Bitcoin, Ethereum & Blockchain News.




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