Review on Apollo Currency by Robiul Islam
Apollo Currency is a privacy cryptocurrency.
It promises a lot. The uncertainty whether a crypto project will be successful or not is daily business in the crypto space. Success largely depends on the vision, setup, management and of course supporting devs of a project.
All criticism aside, one must remember that it is not fair or accurate to call Apollo Currency a scam at this point in time. It is also not fair or accurate to suggest that the founders/developers have dumped the token when, in fact, they have not. Using the Apollo asset system, a user can issue, buy, sell and trade asset tokens intended to represent anything from public and private equity to real world commodities. Unlike other markets and cryptocurrencies, users will be able to trade these assets with 100% privacy. Possible use cases Assets, Commodities, Derivatives, etc.
Updated 5 years ago
Rating changed from 2 to 4
New Wallet v1.35.8 Released with:
Sharding activation - first shard will contain
2,250,000 blocks
.
Refactored and optimized Apollo core code
.
Peer2Peer networking improvements
.
Layout updates
& Minor issue fixes.
First shard successfully segmented!
At block 2,271,000 the shard segment will activate.
Apollo is now the first cryptocurrency project with database sharding.
Pros
- It is a universal currency that can be tailored to use in almost every sector of life and business. It has one of the most feature rich platforms i've seen in a while. While i do have concerns about projects attempting too much, the library here is impressive in scope. Low transaction fees, near instant transaction times and staking are here as expected from a POS coin as well as privacy features such as Coin Shuffling, IP Masking, Coin Mixing, etc. It has the opportunity to really shake things up if they can take their time and get things right. I have seen a few projects in this space suffer from 51% attacks, wallet vulnerabilities, various exploits and many other issues and these projects hardly recover after being destroyed on social media channels such as Reddit/Twitter. I usually only look at a project from a fundamental analysis point of view but when i review a project that has a community so dedicated to seeing the project succeed, i have to include that as a positive. Apollo Currency isn’t breaking past the competition just yet and without a community dedicated to pushing the use of APL and being part of the marketing efforts that are required to get a project in front of the eyes of big, long term investors/users, most projects fail before they even get a chance to compete.
Cons
- The major disadvantage i have regarding this project is its claim to be the ultimate currency. It take a lot longer to implement features that other coins tailoring to specific niches will. Liken two feature rich projects take a look at Cardano and you’ll see that it took years to garner the consideration it has, even with an marvelous team behind it.
