Mon. Aug 3rd, 2020

DAPUcases

Direct Apollo Partnership And Use Cases

Apollo Learn

3RD GENERATION BLOCKCHAIN

Utilizing a community of world-class developers, managers, marketers and researchers the Apollo community, backed by the Apollo Foundation, has accomplished its goal in becoming the World’s fastest, most private and most feature-rich cryptocurrency. Apollo was developed for the sole purpose of offering every mainstream cryptocurrency feature on one untraceable platform. The Apollo team is here because they believe the only person or entity that should be in control of your funds is you.

COIN MIXING

Database coin mixing allows any user to send a private transaction using an advanced transaction-mixing system. This system will mask the sender, recipient and transaction amount. Each transaction will be broken into parts, of which are sent to many one-time use wallets that are immediately destroyed after the operation takes place. These parts soon arrive together into the wallet of the recipient without any traceable origin.

COIN SHUFFLING

Coin shuffling is an additional privacy feature allowing your Apollo, as well as other assets or currencies held in the account, to be simply and randomly shuffled between user accounts. This allows an account holder to anonymize their funds and transactions nearly instantly.

IP MASKING

Contrary to popular belief, cryptocurrency is not private. Any entity can access a users IP address revealing their physical location. Apollo has set out to be one of the first currencies to change this fact. Apollo offers substantial IP protections and will integrate at least three layers of IP masking offering unparalleled user privacy.

ENCRYPTED MESSAGES

Encrypted messaging on the Apollo blockchain will allow any user to send and receive, untraceable messages and data files from one account to another. Utilizing the Olympus protocol, the user’s IP address and the transaction carrying the message will be invisible. Possible use cases: Untraceable Communication, Untraceable File Transfer, etc.

ALIAS SYSTEM

The alias system in Apollo can be used to create unique aliases that act as a representation for a specific set of text. This will encrypt the chosen text into the alias. This text could be your account number, a website, email address, etc. 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. The most obvious use for an alias is in sending funds to an account number that is tied to that alias. Instead of typing out the entire account number you would simply write out the alias.

ENCRYPTED DATA TRANSPORT 

is a transport protocol that allows anonymous encrypted packet delivery. This function prevents the tracking of transaction paths and is one of the elements of complete anonymity of transactions. The development of a proprietary protocol is justified by the recognition and blocking of TOR in some countries, as well as by the inability to configure data exchange parameters in the TOR network. To implement transport between nodes, a VPN channel is created, a tunnel through which all data is transmitted in the form of standard protocol packets used by standard web-browsers.

PRIVATE LEDGER

The private ledger function implements the creation of anonymous wallets, carrying out anonymous transactions from these wallets using a full range of anonymous services. This offers a 100% guarantee of anonymity of transactions, users, nodes and usage of blockchain.

VOTING

The Apollo voting system allows users to create public or private polls for many purposes. Polls can be used to direct and manage funds from an account, elect officials or simply to gauge public opinion. This opens up near endless possibilities for collecting absolute, verified responses from designated sources. Possible use cases: Contracts, Voting, Signatures, Account Management, Arbitration, etc.

DECENTRALIZED MARKETPLACE

The Apollo decentralized marketplace will allow users to buy, sell and trade physical and digital goods using the Apollo currency. Users can list goods to be sold locally or even worldwide. Trading will be decentralized and untraceable allowing the free trade of any item. Future updates will include a review and reputation system aiding sellers in building a positive reputation based on experiences.

ASSET SYSTEM

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.

DECENTRALIZED FILE STORAGE

The Apollo data cloud allows any user to upload data to the blockchain for storage, retrieval and publishing of information. This gives a user the ability to upload a file to the blockchain, therefore receiving an irrefutable timestamp for that data. This timestamp could be helpful in establishing an absolute date for legal documents such as contracts and intellectual ownership. Possible use cases: Voting, Permits, Evidence, Court Records, Transparency, Death/Birth Certificates, Contracts, Wills, Trusts, Escrows, Maps, GPS Data, Signatures, Medical Records, Arbitration, Delivery Records, Certifications, etc.

MONETARY SYSTEM

The monetary system within Apollo allows users to instantly create currencies that can be traded privately on Apollo’s decentralized exchange as well as freely on external exchanges. These currencies can be easily backed by Apollo giving them an instant, tangible value. Possible use Cases: Finance, Charity, Voter IDs, Escrows, Coupons, Currencies, etc.

ADVANCED ACCOUNT CONTROL

Accounts can be created in a way that allows group control. Utilizing the Apollo voting system a group can be granted the ability (via initial ownership or ownership of a specified token or asset) to vote on the transactions that are spent on the account. Possible use cases: Private Investment Fund, Private Insurance Fund, Charity Fund, Decentralized Autonomous Organizations (DAO)

MULTI-SIG AND PHASED TRANSACTIONS

Apollo supports multi-signature accounts allowing more than one user to control an account. It also supports phased transactions which are transactions set up to occur after a certain condition is met. This could be after another transaction is sent or received, after a passage of time or after a certain block number is hit.

DECENTRALIZED EXCHANGE

The decentralized exchange is an important feature in the Apollo platform as it allows for the fast and private purchasing, selling and trading of all assets, tokens and currencies created within Apollo. We are in the process of also adding Bitcoin, Ethereum and many other well-known cryptocurrencies to this exchange. This will allow users the ability to buy and sell Apollo privately from any nation on Earth.

SMART CONTRACTS

Apollo will soon integrate the ability to create complex smart contracts. Combined with our asset system, monetary system, decentralized marketplace, storage system, leasing and voting system these smart contracts will open up nearly infinite possibilities within Apollo.

Cryptocurrency

You’ve heard people are earning millions of dollars by investing in cryptocurrencies. You’ve probably heard about it through the grapevine, financial news articles, television shows, etc. But is it? 

 

 

 

Bitlicense

Bitlicense was first issued by the New York State Department of Financial Services (NYSDFS). It is a business license for virtual currency (cryptocurrencies or digital assets) platform owners such as Robinhood. Therefore, it is illegal to open a cryptocurrency exchange in New York without first obtaining a Bitlicense. However, as an investor you do not need a Bitlicense before loading up on digital assets and storing them in favorite wallets. 

Token Taxonomy Act

Like every other industry around the globe, there are rules and regulations on how companies should conduct business, protect investors, protect partners, and respect the environment. The Token Taxonomy Act is targeted towards the digital asset industry (cryptocurrencies, virtual currencies) and it provides guidelines and clarity for future business proposals. What clarity? Companies need to know whether business is a security, clarity on tax laws for investors, and entrepreneurs.

Exchanges

Usually, most people learn about exchanges in their early to mid-twenties after accumulating funds and after being encouraged to save and invest. On the other hand, most elderly people have little idea how financial exchanges operate. Well, that is about to change due to the new asset class called digital assets. And, soon the youngest child who can operate a smartphone, computer, or tablets will know of virtual currency exchanges. In short, an exchange is where an investor goes to buy digital assets with the hope that those assets will increase in value as time goes on while the demand for those assets increases. Today, there are many exchanges available online (thanks to technology) that investors can choose from whether to invest and/or trade.

Cold Storage

Yes, it’s called cold storage and it does exist. A cold storage is a device or hardware like a USB drive or any device that is not directly connected to the internet around the clock. Investors use these devices as a form of security to protect their investment (cryptocurrencies) from hackers or thieves. Currently, it is the best way to protect your assets. There are many stories circulating on the internet about exchanges being hacked and investors lose their precious investments. Cold storage devices come in different shape and sizes that you could choose from, and they are much safer than leaving assets on exchanges. After loading your assets, you can lock it away in a safety device box or somewhere safe for future use. With cold storage, investors control their private keys. 

Wallets

Today, most people walk around with physical wallets with cash, credit cards, etc. However, crypto wallets are for virtual currencies where investors temporarily or permanently hold their assets for security purposes. One important advantage of an online wallet (hot wallet) is that it allows you to access your assets from smartphones, tablets, or computers from any location with an internet connection. You could quickly transfer, trade, and take them with you as long as you have your login information and security details (2-factor authorization). Some exchanges such as Coinbase and Binance have wallets that can be trusted according to investors, but it is still advised to not leave all your assets on exchanges. Because it can be costly to transfer funds between wallets, exchange wallets are used for swift buying, selling, and holding assets in stablecoins. There are desktop wallets, paper wallets, and mobile wallets (better security than most exchange wallets). Investors have no control of their private keys with some of the wallets you’ll discover along the way.

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