Complete anonymity with Anonymous Bitcoin!!!

4 min readJun 19, 2018

In this article i will briefly explain about what is Anonymous Bitcoin and regarding the upcoming fork in terms of FAQ as i have gone through Whitepaper thoroughly so that it answers most of the questions which investors has in mind.Let’s begin the journey of anonymity.

What is Anonymous Bitcoin?
Anonymous Bitcoin is a project which focuses to deliver highly private,secure and “Anonymous” transactions.
Ok,so what is the ticker of Anonymous Bitcoin?
The ticker of Anonymous Bitcoin is (ANON) which reflects that transactions are completely Anonymous.
Even Bitcoin is anonymous and doesn’t lack anything right?
Actually Bitcoin is Psuedo anonymous.And transactions aren’t anonymous anymore.And it has demerits like transaction speed is very slow,centralized mining ,high fees.
Alright,then i can choose ZClassic(ZCL) for anonymous transaction right?
Yes,but it doesn’t has staking feature and transactions are slower ,so Anonymous Bitcoin is better as the transactions are faster and it includes staking feature.
So ,ANON has Proof of work or Proof Of Stake concept?
Anonymous Bitcoin takes the middle path of Proof Of Work with masternodes coupled with zk-SNARKs technology from ZCL. A collateral amount of 100 coins will be required to maintain a masternode on the ANON network.
That’s cool,can i use ASIC to mine ANON?
No,ANON has ASIC protection and strictly GPU mineable with Equihash algorithm which results in true decentralization.
What will be the distribution of block rewards?
The distribution of the block reward will be 65% to the miners and 35% to the masternodes.
That’s great,but how can i get ANON?
The only way to get ANON is by participating in BTC and ZCL Fork.
You used the word Fork,explain me better in simple words how to get ANON?
ANON has feature of both Bitcoin(BTC) and ZClassic(ZCL) so hodlers of these two coins participating in fork will recieve ANON in ratio of 1:1 during Snapshot. (If you own 1.3 BTC and 10 ZCL you would receive 11.3 ANON).
When and what is the block number where Hard fork is going to Happen?
Hard fork will take place on September 10,2018 precisely at 8:00PM EST. And regarding the block number it’s not yet announced.
Why this fork is better than previous fork of Bitcoin Private(BTCP) on ZCL and BTC?
This fork reduces bloat and doesn’t carry history of ZCL chain and marketing and listing of exchange will be done prior which BTCP fork lacked.
What will be the total circulating supply of Anonymous Bitcoin (ANON)?
The total circulating supply during fork will be 24M ANON and will be capped at 31.5M allowing for further mining of block rewards.
What happens to the unclaimed Anonymous Bitcoin(ANON)?
Unclaimed Anonymous Bitcoin (ANON) will be burnt on January 1,2019 and this reduces circulating supply.
You said about marketing and listing of exchange,will be after fork or before?
The previous fork didn’t helped the coin to get listed in good exchanges as it lacked marketing,to overcome that Anonymous Bitcoin(ANON) listing will be announced prior i.e. on August 15th, 2018. ANON is targeting multiple top 5 exchanges by total volume for both fork support and listing.This creates liquidity and rapidly help to to build the ANON community.
What is the future of ANON?
The ANON team has contracted with Bushido Lab for a year of post-fork support,for the continuous development of the project and technological updates will be added on GitHub page that guarantees that the public developers are able to access.
Can i contribute to the Anonymous Bitcoin (ANON) project?
Yes,The Anon Treasury Fund will be setup and funded by Initial Contribution from the ANON team and along with community donations. The initial ANON trust will be funded with the equivalent of $100,000 USD in ZCL valued on July 1st. Funds used will be part of the masternode decision making process following the day of the fork, and will remain unused until then.
Wow,this project looks promising,may i know the names of advisors of this project?
Ran Neu-Ner : founder and CEO of Onchain Capital and one of the most influential person in crypto as per the report published by “Cryptoweekly” news letter.And ANON is looking for Asian advisors too.
So who are the members of the team?