The project has been named after a powerful Greek artifact of lore. Aidos Kuneen refers to Hades helmet of invisibility. Hades was the god of the underworld and the helmet granted the wearer the power to go unseen. Now, this doesn’t actually have anything to do with helmets of any sort. It actually refers to an open source project that is currently being developed. The system is designed to help citizens gain more privacy, decentralization and scalability.
The purpose of this is all is because the danger the world is facing when it comes to financial privacy. Banks and governments want to keep people in check and track every way we spend our money. They record everything and unfortunately, these records commonly are leaked out. Once they’ve been leaked out, they are used to hold power and sway over people. Aidos has been designed to be private, secure and untraceable.
How Does Aidos Kuneen Work?
The technology used in Aidos is a stack that enables its users the ability to spend their tokens freely without any worry of being tainted or tracked. The design is wildly different then currently used blockchains that exist today. It’s different then the most popular programs like Bitcoin and other current crypto currencies as well.
While Aidos Kuneen follows core concepts and principles of decentralization, openness and privacy, it is still different in many ways. It will be ready soon to be used with the internet and the technological ecosystem that now exists on billions of devices worldwide.
There are several reasons Aidos claims to be the best, for one they have zero fees. And because of the nature of Aidos, it makes it possible for people to perform micro transactions. It’s an important element apparently when it will be used with the internet.
Also, the transaction process is completely anonymous. The Aidos transaction system has been created to mesh directly with 12P as its base underlying layer. This base network will protect the users of Aidos from identity theft and even from their identities from being revealed altogether. It will further use AKshuffle to keep its users completely anonymous. This will make the transactions with Aidos 100% invisible, undetectable and untraceable.
Again, the system is completely open source as well. It’s one of Aidos core principles. They believe in complete openness so that everything added can be reviewed and accepted or denied by the general users and the public.
Basically, they are saying they have nothing to hide and believe everyone should have the ability to see exactly how the system works and why it works they way it does. If you’re into cryptocurrency, Aidos Kuneen could be a great new open source system for you to use and try.
Aidos Kuneen Conclusion
Even if you’re currently using Bitcoin or other Cryptocurrencies, Aidos is completely free and there is no reason as of now to not give it a try. Especially if you’re against the government and banks controlling your money. Aidos could be the next wave of the future for financial security and privacy.