Apollon is a blockchain technology that is based on BFT-DPoS, and allows the hosting of electronic shops (e-shops), and other Decentralized Applications to be built on it with much more efficiency than other existing blockchains. Apollon has a wide range of applications like e-commerce, eSports or gaming, etc.
This article is focused on my view after a research on a new blockchain technology called Apollon the advantages of the innovation and some recommendations to the reader of the article.
P.S.: The Apollon token sale ends in a few hours, why not hurry and get yours so you can become an early adopter of a groundbreaking technology.
As may have known, I focus more on the innovations behind any project than any other parts of the project. Just sit back and take a look at this blockchain 4.0 as I would call it. I have heard about Apollon but I have not taken a closer look earlier, I am pained for not taking a closer look earlier before this time. The following gives some interesting facts I noted about the Apollon blockchain after reading from their resource materials. The link to the material(s) is given after the article.
So what is Apollon?
Apollon is a blockchain technology that is based on Byzantine Fault Tolerance Consensus and Delegated Proof of Stake (BFT-DPoS), and allows the hosting of electronic shops (e-shops), and other Decentralized Applications to be built on it with much more efficiency than other existing blockchains. Apollon has a wide range of applications like e-commerce, eSports or gaming, etc.
What makes Apollon Special
It supports Cross-chain Interaction
Apollon supports the interaction or communication with other blockchains like ethereum and bitcoin. This allows users to send and receive assets from other blockchains without hassle. It is rare today to find any blockchain to support this feature. The Bitcoin and Ethereum blockchain do not support cross-chain interaction, this makes Apollon different and special.
It supports e-shops and other legitimate Applications
It is so easy to be a developer or owner of e-shops on the Apollon blockchain, as this only requires holding an amount of the APO tokens, no more no less. The number of APO tokens held by the developers will determine the bandwidth and storage space allocated to them. Developers who wish to build applications on the blockchain does not need to spend for GAS fee over and over again while building their applications as such is the case on the ethereum blockchain. Aside from holding the APO token as collateral, there is no fee for trading on the APO network.
DPoS = True Decentralization
Apollon works on the principle of Delegated Proof of Stake for the confirmation of its transactions. This means that important decisions on the blockchain are made by voting from the holders of the APO tokens. 21 block producers with high computing power are selected based on the decisions of all token holders on the network. These 21 supernodes will take decisions on behalf of the network per time. Apollon also supports freezing of wallets or transactions from wallets with criminal records all by the decisions of the 21 supernodes.
Apollon is way better than bitcoin, Ethereum and other blockchains working on the Proof of Stake because:
- It allows the freezing of any suspicious accounts. Other blockchains do not support this. Though transparent, suspicious accounts, wallets or transactions cannot be tampered with when dealing with other blockchains. But this is not so with Apollon.
- Apollon allows a faster transaction. Transactions on Apollon Blockchain can reach up to tens of thousands.
- Creation of APO token, and confirmation of transactions on APO network does not consume much power compared to blockchains like ethereum and bitcoin which works on Proof of Stake with takes a lot of power to mine.
- Apollon allows for full decentralization as decisions are not made by some set of people with high mining power (as in the bitcoin and ethereum blockchain.
There are a whole lot of other reasons why Apollon is way better than other existing blockchains.
You can also be a decision maker on the Apollon blockchain by buying and holding the token, visit the links below for more information.
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