John McAfee’s Ghost distributed exchange is now officially live. The platform promises anonymity which is why users in the crypto community deemed it as controversial. In our latest blockchain news today, we take a closer look at what the exchange offers.
John McAfee’s Ghost Distributed exchange went live, according to the cryptocurrency advocate announced on Twitter over the weekend. The ghost distributed exchange is related to the privacy Ghost project which is a Proof of Stake privacy coin intended for more anonymous transactions.
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He clarified on his social media profiles that Ghost will replace the McAfeeDEX distributed exchange while the Ghost main net is expected to go live on June 22.
GHOST Whitepaper is live!https://t.co/5El4yg2SIc
— GhostbyMcAfee (@GhostbyMcAfee) June 10, 2020
Ghost was seen as a controversial project especially after McAfee himself said that the platform “copy-pasted” parts of its white paper from PIVX. He also seemed poised to sue PIVX which is an open-sourced protocol, for defamation. PIVX is planning to use a ZK-Snarks-based privacy protocol which is created by the privacy coin Zcash and it will launch in the Q4 of this year. McAfee tweeted:
“PIVX is attempting to claim that their source code is Public Domain, but that the description of how it all works (The White Paper) is not. Claiming a procuct is open source while witholding the documention is fraud. Pure and simple. I will soon demonstrate that in the courts.”
PIVX however, explained that it cannot be sued because it is not a legal entity and there’s no person behind it that has ownership of the development. McAfee on the other hand has been living in “exile” since 2019 due to the alleged tax-reporting charges.
McAfee claims that the Monero value is tied to Bitcoin and says that it is crazy how the XMR coin is linked to the dominant cryptocurrency. The “crypto baron” (as many call him) has taken to Twitter recently and started reminding the community of the fact that every altcoin, including the ones in the top ten, is correlated to Bitcoin (BTC) and this is how they follow the cryptocurrency up and down the scale. On top of all this, McAfee has also stated that on the Darkweb nobody accepts Bitcoin anymore because it can easily be tracked. Now, as he said, Monero is the most widely used cryptocurrency. As for BTC, he believes that it is the most traded one.
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