Transparency = Legitimacy Another day, another . The crypto-world must be getting “oh-so-tired” of having multiple teams come up to fork the pioneer cryptocurrency and claim to be the best at it. bitcoin hard fork For the uninitiated, a occurs when developer teams in the cryptocurrency world reach differing views on a project’s future; with some sticking to the traditional visions and others believing in bringing dynamic changes. hard-fork As we know, there’s only in the world: . And shunning this factor away from blockchain projects is a sign of . one constant change incompetence Thus, developer teams from around the world group together and work on decentralized projects, bonding over Slack and drinking virtual beer over the weekends. But here’s where most teams go wrong, they fix issues that DON’T really exist. They create communities they , and are hardly seen interacting with members on social mediums such as Twitter and Telegram. DON’T really care about Lastly, they forked projects a few-months after snapshot, enraging community members who believed in both the coin’s vision and their investments. ABANDON This leds to widespread disarray in blockchain-circles, with the community questioning the legitimacy of hard-forks in particular. A customary glance over hard-fork websites lends a compelling view of the situation, with several “advisors” being nothing more than on homepages. mere name placards As evident, I was pretty frustrated with the way hard-forks were panning out in the crypto-world, which always itself on the . prided power of the people However, One such hard-fork aims to put an end to this behavior, and create a new standard in the forking process. Sharing my frustration about incompetent and abandoned hard-forks is Jake Greenbaum, widely known in crypto-circles as The Crypto King. Greenbaum envisions a truly-decentralized bitcoin hard-fork, which unfilled by previous hard forks, building a strong community around it, and most of all, creating a which is open for all the world to view as it unfolds. fills the gap transparent product In short, documenting conferences, technical proceedings, work done by the team in a visual and written manner. What this does, is shows the world what is really happening behind-the-scenes on a project, . instead of claiming what is happening Its actually pretty simple. What if I told you I am forking bitcoin tomorrow with litecoin. Because just…. However, the only thing the community banks upon is my word. And history proves that words are cheap, but actions are not. Hence, what if I go to a $2000 conference and my interviews, my interactions, and whats happening? video shoot document write about What if I be on social channels all day to answer genuine questions and kill any rumors regarding my project? available What I make my travel dates to project-backers much to detail a clear-cut, step-by-step awareness process? known in advance Tell me what would set a new standard? In fact, you don’t even need to imagine this, as I speak about is , in the form of an upcoming bitcoin hard-fork called happening right now Anonymous Bitcoin. Founded by Greenbaum, and backed by several credible advisors, the team looks forth to be fully transparent about the entire forking process, delivering video and written content on a weekly basis to watch the action in real-time. For the uninitiated, here’s a quick overview about Anonymous Bitcoin. The project’s main goal is described as — To deliver a cryptographic medium of exchange that enables seamless, highly private, secure, and “anonymous” transactions. From their just-released executive summary, the team claims to have analysed the failures of the previous fork projects, and took care to handle the proceedings in a manner that does not repeat past mistakes. As the saying goes — “Only a fool learns from his own mistakes . The wise man learns from the mistakes of others .” The team also ensures that bitcoin’s legacy ticket name is not simply marketed upon, instead, choosing to create its own identity, . its own legacy Hence, no choosing BTCA,P,SX, Z, 371, NADA-NANA or “n” number of suffixes after BTC. Instead, the ticker name clearly serves to remind users every time they use the Anonymous Bitcoin for transactions and creating a lasting economy, simply terming it — ANON. What the project looks to solve — Slow transactions speeds, high fees, miner-centralized networks, and lack of privacy. What ANON does — Takes the robust protocol features of bitcoin, fuses it with the privacy features of Zclassic, adopts MIT created zk-SNARKs privacy technology, and allows masternode support with a mere 100 ANONs. As per the website, people participating in the team’s vision receive ANON in a 1:1 ratio on September 10, 2018. This can be done with holding either of bitcoin or Zclassic. Furthermore, exchange support would be revealed long before the actual fork, thus informing the community about where to except the currency after being created. much in advance The team’s commitment to the project is undeniable, as they announced it on nothing less than CNBC, a for even million-dollar blockchain projects. rare occurrence Here’s Greenbaum at yet another event, speaking about ANON. The team also has their own YouTube Channel, that would distribute content on a weekly basis. ANON’s official YouTube page. Conclusive Notes As is becoming popular with forks of the Bitcoin blockchain, the team behind Bitcoin Anonymous only choose to keep their protocol anonymous, while being fully out-there in terms of . team visibility To summarize, ANON is an ASIC resistant ZCL-BTC hard fork that boasts of pre-snapshot exchange support, transparent project commitment, and privacy security features. In case you’d want to join in all the action, here’s the telegram invite - _You can view and join @anonymousbitcoin right away._t.me Anonymous Bitcoin - Official For discord — _Step up your game with a modern voice & text chat app. Crystal clear voice, multiple server and channel support, mobile…_discord.gg Discord - Free voice and text chat for gamers Full disclaimer — The Author is part of the core team of Anonymous Bitcoin.

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Here’s How Anonymous Bitcoin Sets a New-Standard for BTC Hard Forks

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Shaurya Malwa

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Here’s How Anonymous Bitcoin Sets a New-Standard for BTC Hard Forks

Too Long; Didn't Read

Shaurya Malwa

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