Transparency = Legitimacy
Another day, another bitcoin hard fork. 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.
For the uninitiated, a hard-fork 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.
As we know, there’s only one constant in the world: change. And shunning this factor away from blockchain projects is a sign of 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 DON’T really care about, and are hardly seen interacting with members on social mediums such as Twitter and Telegram.
Lastly, they ABANDON forked projects a few-months after snapshot, enraging community members who believed in both the coin’s vision and their investments.
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 mere name placards on homepages.
As evident, I was pretty frustrated with the way hard-forks were panning out in the crypto-world, which always prided itself on the 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 fills the gap unfilled by previous hard forks, building a strong community around it, and most of all, creating a transparent product which is open for all the world to view as it unfolds.
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 video shoot my interviews, document my interactions, and write about whats happening?
What if I be available on social channels all day to answer genuine questions and kill any rumors regarding my project?
What I make my travel dates known to project-backers much in advance to detail a clear-cut, step-by-step awareness process?
Tell me what would set a new standard?
In fact, you don’t even need to imagine this, as I speak about is happening right now, in the form of an upcoming bitcoin hard-fork called 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 much in advance about where to except the currency after being created.
The team’s commitment to the project is undeniable, as they announced it on nothing less than CNBC, a rare occurrence for even million-dollar blockchain projects.
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 -
Anonymous Bitcoin - Official_You can view and join @anonymousbitcoin right away._t.me
For discord —
Discord - Free voice and text chat for gamers_Step up your game with a modern voice & text chat app. Crystal clear voice, multiple server and channel support, mobile…_discord.gg
Full disclaimer — The Author is part of the core team of Anonymous Bitcoin.