When a transaction is sent on the Apollon blockchain, the system encrypts the transaction details (identity of the sender and the receiver, the transaction amounts), and it is hidden from third parties. This is done to increase the security of the blockchain and prevent transaction data from takeover.
In the first article I wrote on the Apollon blockchain, I made mention of some unique characteristics of the Apollon blockchain that made it different from other blockchain and better. Some of this characteristics are:
- Apollon allows Decentralized Applications to be built on it easily without worrying about continuous payment of GAS fee from the developer.
- Apollon supports cross-chain interaction.
- It is built on the principle of Delegated Proof of Stake which means that:
a. All decisions are made through voting.
b. Supernodes can freeze the wallets or transactions of any suspicious account.
c. Creation tokens and confirmation of transactions consumes lesser power and it is faster.
Other advantages of Apollon’s Blockchain
Apollon will implement the Delegated Proof of Stake principle efficiently. This implies that it will take 15 confirmations for a transaction to be permanent and unable to be rolled back. All of these confirmations will take place within a second.
Security
Apart from the fact that blockchain technology is naturally resistant from hacks and take over because they operate on decentralization, Apollon adds another layer of security through the implementation of Byzantine Fault Tolerance Consensus (BFT) which further shields the network from general failures and Byzantine Failures.
When a transaction is sent on the Apollon blockchain, the system encrypts the transaction details (identity of the sender and the receiver, the transaction amounts), and it is hidden from third parties. This is done to increase the security of the blockchain and prevent transaction data from takeover.
Apollon and Payment Processors
Apollon can be used as a payment option for e-commerce. Apollon commissions or fees are way lesser, and other existing payment processors. It is faster and is not bounded by any border. Through the blockchain technology payment of funds to other countries are simplified as they are faster, more efficient and with a lesser fee. This is an addition for all retailers.
Some use cases of Apollon
- Online shops can build their electronic shops on the Apollon blockchain, just by holding some APO tokens. Apollon can be used as a payment processor for e-commerce.
- Developers can build their decentralized applications on the Apollon Blockchain. By holding the APO tokens, developers are given the bandwidth and storage spaces to build their applications easily without stress.
- E-sports can use the Apollon network tokens to reward players for their achievements, in-game goods, etc.
- Apollon can also be used to secure confidential files. Anyone who wishes to stay anonymous can use the platform to work without fears of revealing identities.
- Anyone can use Apollon to interact with other blockchains.
- ETC.
You can also be a decision maker and enjoy all the benefits listed above on the Apollon blockchain by buying and holding the token.
For more Information about Apollon, Visit:
Thanks for reading. I am @ayobami99. You can also reach me on bitcointalk and blog for more exciting contents on the blockchain technology.
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