The ANON team has persevered through many hardships of the crypto bear winter. This determination has positioned the ANON team and community to capitalize if an Altseason 2.0 rolls around. ANON has continued to update important aspects of their project and their website recently underwent an entire makeover.
What is ANON?
ANON is a community driven, privacy focused, blockchain that uses MIT’s zk-SNARKs technology to encrypt transactions and ensure the highest level of privacy and anonymity. ANON also has a masternode staking feature providing returns for users wishing to take part in the masternode staking system.
Major updates include the ANONIO wallet, “ECHELON,” and a website makeover.
ANON:
Price: $.04
SATs: 400
Trading: STEX or Safe.Trade
Market Cap: $300,000
Masternode Return (in ANON): 45%
Masternode Cost: $400 (10,000 ANON)
Masternode Trust: 900,000+ ANON (For Future Development)
What recent updates have occurred?
ANONIO Wallet – Privacy 1st
ANONIO is the name given to the recently released ANON wallet. This unique wallet is a Sprout/Sapling enabled, shielded by default wallet for Mac, Windows, and Linux. It has built-in full node usable on mainnet and testnet and currently both dark and light themes.
What makes ANONIO exceptionally unique is it sends transactions automatically using the encrypted zk-SNARKs technology that is imperative to the privacy behind the ANON blockchain. Many other privacy coins have a privacy feature with less than 5% of users selecting it. If no transactions are sent privately, how “private” is the actual blockchain. ANOION sends every transaction encrypted with some of the best privacy technology in crypto.
Presently the wallet operates only as a basic wallet for shielded and non-shielded transactions. Additional wallet features will be added to ANONIO in the near future. These additions include masternode controls among other surprises.
For more information or to download ANONIO feel free to visit the main info page.
Website Revamp
It has been over a year since the website underwent a major facelift. The community has reacted very positively to the new site and the ease of navigating it.
Projects spending time to make the aesthetics appealing are very important as all details matter in adoption from the ease of use, privacy, staking ability, community integration, and even aesthetically pleasing features.
Having the time, finances, and desire to make sure aesthetics line up with the brand demonstrate ANON preparing itself for the future.
The Future of ANON – ECHELON and the Masternode Trust
ANON, unlike many projects still has 90% of its masternode trust following the 1st year of existing in an exceptionally bear market. Even with the transition of devs teams the core team has managed to handle the funds exceptionally well to ensure depletion did not occur.
ECHELON is the next major update to the ANON tech and code. The will enhance the stability, security, and consistency of the ANON blockchain. To augment the ANON blockchain to be more stable, secure, and consistent and plan has been derived:
- Difficulty Adjusted to: LWMA3
- Algorithm Updated to: 192,7
- Block Times Reduced to: 2.5 min (being discussed)
- Block Height Reliant Intervals Adjusted (halving timing, superblocks, etc)
This will provide the mining community with higher reward frequency, better block consistency, and stabilization of the hash rate preventing ASIC mining and retaining a GPU focus. Users of the ANON blockchain will experience faster transactions and confirmations. Masternode holders will enjoy more frequent payouts and assurances of a more stable price due to protection from both ASICS and 51% attacks. The benefits provided to miners, users and investors create a compounded effect.
AXIOM after ECEHLON
The ANON plan does not end on ECHELON. Following the upgrades outlined above the ANON team plans to implement the AXIUM update. This update will include a code rebase, removal of chain bloat, full sapling, and more unique aspects that are currently on the docket for vetting.
The AXIOM update will occur following ECHELON and stay tuned for more details.
Conclusion
With a masternode cost of under $500 and an annual return in ANON exceeding 45%, ANON seems like an attractive option for those interested in staking.
For those interested in a project with heavy development occurring straight through a bear market, ANON is also a great option. Privacy is becoming increasingly important and ANON’s new wallet has this as the main focus.
If code and technology updates are your determining factor when analyzing a project look no further than “ECHELON,” ANON’s newest update.
If you are attracted to aesthetics check out ANON’s new website.
Overall, ANON has built straight through the bear market and will continue to produce for their community regardless of market conditions.
Being the Founder of ANON I am biased toward the project, but the facts stated above are all readily available on the ANON webpage and Twitter.
The future seems to have many exciting updates, time will tell if these updates lead to adoption. Few projects with market caps under $500,000 are building at the level ANON is.
[Disclaimer: This views expressed in this article do not reflect the views of Blockchain Reporter and should not be taken as financial advice.]
To read the Crypto King’s prior articles or to get in contact directly with him, you can on Twitter (@JbtheCryptoKing) or Reddit. The King is the founder of PocketNode, ANON and actively trades cryptocurrencies.