Sirlibz
Ghost coin is a proof-of-stake privacy coin that utilizes the Zero-knowledge-proof protocol to help shield online transactions.
Ghost coin is built off a Forked Codebase from Particl, a decentralized privacy and open-source platform built on the blockchain specifically designed to work with any cryptocurrency. They began as a fork of BTC and also continued adding more features to make it more private.
Tokenomics
NAME – GHOST
TOTAL SUPPLY – 55M
CIRCULATING SUPPLY – 13.5M
CONSENSUS – POS
FEATURES
PRIVACY AND DECENTRALIZATION
GHOST utilizes “Stealth Address” to help hide receivers’ addresses. The Stealth address is a privacy enhancing technology that requires that the sender of a transaction create a random, one-time address for every transaction, this will help prevent people from tracking or linking payments to a particular recipient.
Ghost employs the Ring-signature protocol in order to hide a sender’s address. The ring-signature is a type of digital signature that allows for the usage of a single private key to sign a transaction, but this time around with different public keys. The transaction will involve a set of randomly picked involuntary individuals from the blockchain (they are called Decoys) who would potentially sign the transaction. So in a ring-size of 10 participants, it would be extremely hard to identify the one who initiated the ring-signature transaction. Through the RingCT (Ring Confidential Transaction) amounts transacted are kept private and only viewable by the two parties involved in the transaction.
The Ghost team plan on developing more privacy infrastructures such as Triptych ring-signatures, this will help reduce the amount of disk space consumed in order to store ring-signatures. They also plan on implementing Dandelion ++ protocol, this is a light weighted and straight forward network layer solution with formally guaranteed anonymity that can be implemented into existing cryptocurrency. Read more on it here.
STAKERS
Ghost has basically stakers in 2 groups, those who create blocks (Stakers) and those who earn through fees and help secure the network (Ghost Veteran) .
Stakers can earn by creating blocks and earn a portion from the fees generated per block. You can choose the amount of tokens you want for staking.
The Ghost Veteran Help secure the GHOST network and earn a share of the transaction fees using the staking features for GHOST. They are those who have conducted a public transaction of at least 20,000 GHOST and funds are not to be moved in any way during the period of 30 days. The Ghost Veterans get 50% of total Coins created in a block while the normal stayers who create blocks earn 33%. To join them, you have to fulfill the 2 criteria above.
GHOST REWARDS ( Emission)
Blocks are created every 120 seconds (2 minutes) on the network and produce 12 Ghost coins.
6 Ghost goes toGhost Veteran
4 Ghost goes to Stakers who create block
2 Ghost is distributed as Dev funds for the development of the project.
The production of 12 Ghost coins will continue for 2 years and then will continually drop by 5% until it gets to 10% (estimated to happen in 45 years) and it will stop dropping.
TeleGhost
This is a decentralized private network where individuals can communicate anonymously. It will serve like a chat platform but will still retain the privacy and decentralization offered by Ghost network. Ghost plans on working with Telegram chat network, this would allow existing users of Telegram to easily log-into the new Teleghost platform with those details. Once in, your contacts and other chats on the previous platform can be found on the new one, this helps prevent the hurdle of trying to build friendships and communities from the scratch. They plan on adding more features to it such as allowing users access private chats, send and receive Ghost, start private groups etc.
MetaGhost
This feature will allow investors spend Ghost directly from their wallets through MetaMask compatible websites (using Wrapped ERC-20 Ghost token) while maintaining it’s anonymous state. Team plans on developing an Ethereum based Wrapped GHOST token which will be paired with Atomic Swaps on the network. This will also make it possible for the Token (GHOST) to become a DeFi.
GHOST COMMUNITY
Investors or holders of Ghost have the privilege or right to decide what happens on the network just like Tezos, they do this through voting. Ghost holders are allowed to vote on new developments and changes that will happen on the network or changing the Road map. Any user with an idea that can help the network can pay a small fee in Ghost, then the idea will be up for votes by Ghost holders. If the vote is passed and in favor of the idea, funds are taken from the Dev fund to finance the implementation of that if necessary.
GHOST ALIAS SYSTEM
Ghost plans on developing an Alias system into the Ghost blockchain, This will allow for easy transfers and people have customizable aliases. They plan on implementing this in a decentralized and private manner.
This is a Merch Shop where investors could easily buy some branded shirts and other items for themselves with the Ghost coin.
You could also spend Ghost by using the over 60 iVendPay vending machines around Hong Kong. Ghost partnered with them as reported by JRNY Crypto.
The Ghost team believes that Privacy is a Human Right and as such has come with the Ghost Cell phone Data services, it offers you decentralized Cell phone data services which allows you to share data, communicate to be done without having to worry about getting traced. This is a great innovation that sets Ghost apart from other Privacy coins. Currently is supported in 35 countries and a few listed mobile devices. The platform offers you a VPN option, IP changing option (ranging between the 35 accepted counties) and also Fast Network Speed among other things. Cool right?.
Exchanges
You can buy and sell Ghost in the following exchanges:
HitBtc, STEX, UniSwap, Bilaxy, McAfeeDex, Bitcoin.com etc.
You can Store GHOST on https://ghostwallet.io/
TEAM
The project’s CEO is John McAfee, a tech pioneer, computer programmer and a security expert. He supports privacy and believes in the Freedom of Human and their Rights and is the Founder of the McAfee Antivirus.
The Project has a developer with 10 years experience C++, C# as the project manager.
The Lead Dev has a PhD in Physics, also a contributor in Bitcoin and Monero. Plus a lot more awesome individuals on the team, you could check out the team page for more.
