The prominent cryptocurrency figure John McAfee’s project Apollo has recently come under fire from the blockchain development company Jelurida, which claims that the ‘privacy transactions’ are not what they seem, and are not as private as the public are being told.
McAfee tweeted, “One of the biggest issues with current cryptos is blockchain bloat. Apollo is one of the only coins to solve this problem. Their release of Sharding will make it one of the most advanced coins on the market and one of the only options viable long term.”
McAfee has Apollo’s Back
According to McAfee, Apollo is going to be the best cryptocurrency out in the market, a claim many crypto experts have refuted.
McAfee believes that cryptocurrency has a huge disadvantage as it has a complex structure which requires a great deal of technical knowledge. McAfee, in effect, will solve this problem by simplifying the cryptocurrency network and selling Apollo in physical shops directly, in exchange for cash. In doing so, the company will make cryptocurrency easily available.
However, these claims were met with criticism from many industry experts including crypto developer Jelurida, which has talked about Apollo’s private transactions in a blog post.
What Is The Reality of Apollo’s Privacy Feature?
Jelurida is a blockchain software company which has always looked out for how the blockchain software is used in the market. Apollo came to their notice after the former claimed to build a new feature of private transactions in their Nxt clone.
According to Jelurida there are no such things as private transactions on the Apollo blockchain, and they therefore wanted to alert the public by issuing a notice that Apollo’s operations are not what they seem.
They also created project Snake Oil to demonstrate Apollo’s lack of privacy. The Snake Oil project can track all the transactions on Apollo as it is built on the lines of the Nxt Blockchain Creation Kit Software. With this, Jelurida may have shown that the Apollo transactions can be tracked, and are thus not private.
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