Cryptocurrency by McAfee – Ghost now available
John McAfee has always been controversial. So was his cryptocurrency, Ghost. It is available and can be bought on a dedicated stock exchange.
The platform on which you can buy the Ghost
On his Twitter profile, John McAfee announced that Ghost is now available and can be purchased on the ghostx.live platform created for this purpose.
The GHOST Distributed exchange is now live:https://t.co/7ACzQi49QH
— John McAfee (@officialmcafee) June 21, 2020
McAfee’s crypto is supposed to protect users’ privacy. The Ghost is a “Proof of Stake privacy” coin, created for more anonymous transactions. The new decentralized exchange where Ghost can be purchased is intended to replace McAfeeDEX. The main network is to be launched on 22 June.
What are the decentralized crypto exchanges?
A decentralized stock exchange is called DEX. It’s a crypto exchange platform without centralized power. It allows for trading digital currencies directly between investors. So they don’t have to transfer their assets to the stock exchange, thus reducing the probability of thefts or fraud. They are also simpler and faster to operate.
But they are not popular
Despite the many advantages, few people use this solution. A survey conducted in 2019 showed that only 19% of the world stock exchange ecosystem is decentralized, with volumes of less than 1% of volume on centralized exchanges.
What is McAfeeDEX?
McAfee Decentralized Crypto Exchange is a decentralized crypto exchange created by a controversial programmer. He decided that centralized exchanges are a weak point of the crypto and started to develop the project of a decentralized exchange on his own. In his opinion, the decentralized stock exchange cannot be controlled by anyone, so it cannot be stopped. During the creation of DEX he also mentioned that the most valuable for the decentralized network will be anonymous cryptocurrencies.
The controversy around Ghost
From the very beginning, Ghost was controversial. All this because part of Ghost’s white paper was copied from the PIVX white paper. McAfee didn’t hide that it was true. On the contrary. He was outraged that the creators of the PIVX claim that their code is open source and that the White paper is not. In his opinion, his action was perfectly legal and he threatened the PIVX creators with a lawsuit because of their accusations.
The combination of Ghost and the decentralized stock exchange
According to McAfee, by combining an anonymous coin and a decentralized stock exchange, each user will gain full control over their finances. He is a supporter of anonymous cryptocurrencies. He also stresses that he is not a person who invests in crypto. He is a person who uses a cryptocurrency. He also encourages more people to use them, arguing that nowadays it is possible to buy everything with crypto. Will the combination of DEX and a new, private cryptocurrency be a great success, or maybe, like a few other McAfee’s projects, it will not be a completely successful investment?