The Apollo Foundation has its sights set on being more than just another Privacy Coin. In their own words.
"Apollo is an all-in-one currency offering its users endless possibilities that go beyond making secure payments for goods and services. Apollo is a universal currency that can be tailored to use in almost every sector of life and business. From the creation of token shares for corporations, to the founding and management of highly secured decentralized organizations. The full potential of blockchain technology will be pushed to its limits within Apollo."
My first-hand Experience using the wallet has given me, the impression that the Apollo Foundation and its team is focused on providing a suite of tools for everyday people to move away from commercial products. By empowering them to take back control over their private and valued data.
Some of its features are:
| Private Transactions
| Public Transactions
| IP Masking
| Coin Shuffling
| Alias System
| Encrypted Messaging
| Integrated Decentralized Exchange
| Decentralized Marketplace
| Phased Transactions
| File Transfer
| Data Cloud
Ok there are some key features there that should get your logic systems peaked. If not keep reading.
To be clear The Apollo Wallet is not just for Holding your APL coins. Its your gateway to using your APL for everyday purchases. To sell your own digital content and real physical goods within its ecosystem. To privately message contacts, to participate in publicly created Polls or voting systems. No other wallet inspires Social interactions on this level.
In its current state The Apollo wallet is a sandbox, it’s in a proof of concept stage. Consider for a moment, Not many coin-backed projects have platforms for Crypto backers to transact with. There are some fantastic Crypto wallets available that have great dashboards showing balances and charts, in comparison the Apollo wallet has a bare bones interface, however the lack of a glossy dashboard can be overlooked in favor of its utility. I have yet to come across a digital wallet that gives me a sense of what it will be like using Blockchain Technology in daily life. Learning to navigate its many options does require patience, as there's a lack of clear documentation for the full feature list.
The underlying Blockchain technology is called HERMES. I'll cover the engine powering this system in a bit.
I think it's important to cover the security aspect of the wallet. To date, I have not experienced any bugs in this current version, which I believe to be a positive sign of security, also I haven't experienced any technical issues when creating transactions or weird balance glitches. That’s another sign leading me to believe this Wallet is in a secure state.
So let me highlight the OLYMPUS PROTOCOL and some of the features that sets this wallet apart from the rest. Boasting up to 15 major features (and counting)
Protocol features:
Monetary System - Crowd-funding, ICO, Finance, Charity, Voter IDs, Escrows, Coupons, Currency.
Asset System - Shares, Bonds, Private Equity, Public Equity, Commodities, Derivatives.
Encrypted Messaging - Untraceable Communication, Untraceable File Transfer.
File Storage - Voting, Permits, Evidence, Court Records, Transparency, Death/Birth Certificates, Contracts, Wills, Trusts, Escrows, Maps, GPS Data, Signatures,
Medical Records, Arbitration, Delivery Records, Certifications.
Alias System - A specific alias can be claimed only once (like a domain name), therefore it can be sold privately or publicly and transferred to any other account.
Voting System - Polls can be used to direct and manage funds from an account, elect officials or simply to gauge public opinion.
Phased Transaction - Phased transactions are transactions set up to occur after a certain condition is met.
Multi-Signature Accounts - Supports multi-signature accounts allowing more than one user to control an account.
Decentralized Marketplace - Future updates will include a review and reputation system aiding sellers in building a positive reputation based on experiences (aka Ebay).
Advanced Account Control - Private Investment Fund, Private Insurance Fund, Charity Fund, De-centralized Autonomous Organizations (DAO)
Authentication System - Allows users to authenticate an account using the Blockchain to prove that they are the overseer of an account.
Leasing - The account leasing option allows the user to lease the forging power of their account to another user. This allows for the creation of forging pools, increasing the chances of generating a block, as well as generating an income from transaction fees. Think Bitcoin Mining.
Comparison of Apollo to other Currencies
I have to say, I haven't been this excited about a product in a long while. If I had to choose just one feature that gets me most intrigued it would have to be the Voting System. I get peanut butter and jelly super excited about people being able to create legitimate voting systems with ledger stamped transparency.
As for the other features I'll say this, if a wallet can help me to cut the cord with half the Apps in my Smartphone, limit the number of different wallets, and ultimately let me reclaim a large portion of my personal data. I want that!
Bring on the HERMES BLOCKCHAIN - Have you heard the shade that’s been thrown on Bitcoin about how slow it is to confirm transactions and has expensive transaction fees? Well The Apollo Foundation makes the claim that its platform is made to be lean even as the consumer base grows. Many other Blockchains such as Ethereum have already suffered moments of being bogged down during periods of heavy network traffic. Platforms looking to capture large portions of the next wave of Crypto consumers will need to be able to transact without network disruptions.
"Hermes will take a transaction speed that averages 10 to 30 seconds and make this same blockchain facilitate transactions as fast as 2-3
seconds. Utilizing our newest blockchain technology will make Apollo one of the fastest cryptocurrencies on Earth. This will help to establish
its dominance as it opens up huge potential in microtransactions, decentralized banking, financial services and more."
The thought of having access to a wallet with all these potential transactions going on, is kinda crazy. The Apollo Wallet will allow The HERMES BLOCKCHAIN to be mined via "Forging". Much like how baby Bitcoin's are born. Awww so cute.
"The account leasing option allows the user to lease the forging power of their account to another user. This allows for the creation of forging pools,
increasing the chances of generating a block, as well as generating an income from transaction fees."
So Wallet holders can earn free Apollo coins. That is as long as you can cover the wear and tear costs you will be subjecting your fancy Smartphone to.
Let me share some of my experience so far. I've spent some time reading through the preliminary whitepaper, along with the website, and have already used my wallet to trade Apollo for mock Crypto coins with names like APLOCENK and GLD - "Gold", which describes itself as "A new token allowing the trade of gold bullion" I find that brilliant, and I'm guessing someone just cornered the Apollo market on Gold? So I bought one of each… If I learned anything with Crypto trading is that you always want to be in profit. Getting in the ground floor of these make-believe coins will make me Rich! Again the Wallet is a sandbox at the moment. But it has a potential to drive real projects and businesses.
The Community Market place. Currently there Are listings for "Dumb Advice", Stickers and my own listing for a Crypto News Tracker, found in a previous blog post.
I even created a listing advertising my own content. Its provided an Advertising venue. In a market place where I can get paid AND make Payments in Apollo coins. That’s just the beginning.
The Hermes Blockchain allows for personal Clouds to be established. Right now you can find users that have uploaded images up for download. Look closely and you'll see a column listed as "Channel". This works like Tags, so there is a potential for the formation of a Library filled with various text, images, etc that will be shared for free. A person will be able to move their personal data kept in some other companies cloud to the Apollo Wallet for safe keeping. Medical Records, Legal documents, will be accessible while traveling. There are already other ICO platforms promising to do this as a single feature. Instead of having multiple apps and logins, I can see The Apollo Wallet beating many projects to the punch.
What the Apollo foundation is creating here needs to be put into perspective. If you have been in the Crypto Space for a period of time, then you understand that right now the market is all about trading coins for other coins that represent would be Projects vying to the next big Tech company.
The Apollo Currency and Foundation are no different in this regard, however the Wallet is positioning itself as the App that gives your parents, friends, everyone a way to actively interact with Blockchain. A gateway to enter the world of Crypto currency, along with a multitude of tools and features they can use The Apollo currency for.
My time testing the wallet has been filled with fascination. I find myself logging in just to check if any new postings or listings have been created. Did someone mint a new coin? Should I create a SLV - "Silver" coin to claim the first rights!?
I am aware of other wallet based projects running variations on these platforms. Some with utility systems and transactional security. But I get the sense that Apollo has created a Swiss-Army knife of a wallet. Other ICO's are claiming similar aspirations to connect all the stuff in your phone and life with a ledger based scheme as well. The difference here, is Apollo is doing it right now.
When I think Blockchain and how I will one day interact with it, I have visions of being more in control of my finances and data like never before. Apollo has a stable platform running what to me feels like the beta version of a new technological paradigm shift.
If your new to Crypto currencies and only get the impression that it's about trading, please consider reading up on The Apollo Currency Wallet. It is a great introduction to what Blockchain is promising.
What is the Apollo Foundations Vision?
"Utilizing a team of world-class developers, managers, marketers, and researchers, the Apollo Foundation has set out to accomplish the vision of making Apollo the most technologically advanced, feature-rich, un-regulatable currency on Earth. We know the demands of a top-tier cryptocurrency, and we believe we can create a coin that will integrate everything necessary to rise above the rest. As we develop and improve Apollo, our team
will strive to continue designing and developing features that have not previously been used in cryptocurrency. Our goal is to create the first all-in-one cryptocurrency, innovating and incorporating every ability that could be beneficial in currency, all in a single decentralized platform. Our first major update, Olympus Protocol, puts mass adoption-proof privacy at the core of Apollo. This is because we know the ability for a user to buy, sell, trade and send in absolute secrecy is vital to an industry that could be moments away from intense regulation. We are here because we believe that the only entity that should be in control of your funds is you."
Below are links to learn more about the Foundation and the Project.
https://www.apollocurrency.com/
White paper:
https://docs.wixstatic.com/ugd/0ca2b8_faaec1b693ee41f9811b72b0dcb6b2f2.pdf
