Testing of ANON is in progress with the testnet currently live and mineable. The testnet allows developers to fine tune operations prior to the official launch of the coin. Exchange applications have also been completed, with the team expecting to be able to provide a list of participating exchanges this month, as previously announced.

Along with a live testnet, over the summer, ANON was able to bring on Steven Nerayoff, the legal architect of the ETH ICO, and Ran Neu-Ner, CNBC’s Crypto Trader. Nerayoff and Neu-Ner have joined on as part of the active advisory board of ANON.

In another new development, masternodes, a key feature of ANON, stand to see increased returns. Via masternodes, users who hold coins for a long term receive a dividend-style return. The team recently adjusted the masternode requirement to 500 ANON so as to increase the average payout by 500% for masternode holders. Masternodes in the ANON network also have influence on the future of the coin.

While ANON is a co-fork of Bitcoin (BTC) and ZClassic (ZCL), the team wants to make sure ANON is clearly distinguished from BTC, which denies users anonymity. ZCL, in contrast to BTC, uses the MIT-developed zkSNARKs privacy protocol that facilitates verification without revealing details of the transaction, ensuring privacy and security. ANON will use the same privacy protocol, which is a major distinction the team wants to emphasize. As a result, ANON will be available at 2:1 ANON for ZCL, while it will be 1:1 ANON for BTC.

Other ways ANON improves on BTC are by getting around the slow and costly transactions that plague the BTC network. In addition to being inconvenient for existing BTC users, these qualities stand in the way of widespread crypto adoption, a challenge that ANON seeks to overcome. Through larger block sizes, ANON intends to speed up transaction times, making crypto a more practical option for frequent, recurrent use.

The ANON team continues its commitment to transparency throughout the development process by engaging with the community via social media. As one deterrent to involvement in cryptocurrency is a lack of understanding, such engagement is intended to pique the interest of those new to crypto and provide relevant education for those on the cusp of joining the crypto community. Transparency also functions to attract existing crypto users who want to follow the forking process and provide suggestions and feedback.

For more information, visit the ANON website at: https://www.anonymousbitcoin.io

Media Relations: Anonymousbitcoin2018@protonmail.com

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The Anonymous Bitcoin (ANON) team will debut their cryptocurrency, ANON, in September 2018. ANON coin was developed to address the demand for a cryptocurrency that provides truly anonymous transactions. A list of participating exchanges is expected by August 15, 2018, and the remainder of the BTCA testnet will take place up to the snapshot on September 9, 2018. ANON will officially be available on September 10, 2018 at a 1:1 ratio to holders of Bitcoin (BTC) and ZClassic (ZCL).

As it is a co-fork of BTC and ZCL, one must hold BTC or ZCL prior to the fork to acquire ANON. The maximum amount of ANON will be 31.5 million, with 24 million ANON available when the fork occurs. BTCA intends to set ANON apart from other forks by succeeding where previous forks did not. The team cites lack of anonymous transactions, high transactions fees, and lengthy transaction times as some of the failures their coin will circumvent.

The ability to anonymously transact draws many to cryptocurrency. BTC, the most prominent cryptocurrency, does not facilitate anonymous transactions. ANON draws from the privacy protocol of ZCL to provide anonymous transactions by using the same MIT-developed zkSNARKs privacy protocol. The zkSNARKs protocol allows for verifiable transactions without requiring interaction between the prover and verifier. As such, transactions are both secure and completely anonymous.

While previous forks, like ZCL, have succeeded in providing anonymous transactions, they have fallen short in other ways that deterred widespread market adoption of the currency. The BTCA team includes several crypto and Fintech veterans who have observed other forks and what the crypto community wants to see. Increased block size and incorporation of masternodes are two features the BTCA team integrated into ANON in response to crypto market demand. Developers increased block size to support faster transaction times. Masternodes provide an opportunity for return on investment for holders of a minimum required amount of a particular coin. Through masternodes, holders of ANON can stake the currency. Staking incentivizes holding the coin for extended periods of time.

The BTCA team intends that ANON is accessible and appealing to both those who have never used crypto and existing crypto users. As such, a community presence and transparent development are core principles for BTCA. BTCA has a social media presence, through which they communicate with their public. Videos of the forking process, frequent updates, and Q&A events allow anyone to follow the forking process. The team wants to tell their forking story in such a way that those unfamiliar with crypto are interested and informed, thus overcoming what was a challenge for previous forks in terms of effectively connecting with those new to crypto.

Media Contact
Anonymousbitcoin2018@protonmail.com
https://www.anonymousbitcoin.io

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