John McAfee’s Decentralized Privacy Enhanced Exchange, Ghost, Successfully Goes Live

McAfee Antivirus founder John McAfee announces the launch of the “Ghost” crypto trading platform replacing the McAfeeDEX launch in fall last year. In a tweet sent out during the weekend, McAfee wrote to his 1 million+ followers a short release announcement:

The Ghost distributed exchange follows through with the privacy protocols set in its predecessor to enhance the security and privacy of trades. The platform named after McAfee’s proof of stake (PoS) token, Ghost, aims at making transactions anonymous.

According to the official website of Ghost DEX, users will be able to create wallets for Bitcoin (BTC), Ethereum (ETH), Switch (ESH), the native currency, GHOST and stablecoins including Tether (USDT) and DAI. The “Ghost” token maintains its privacy using zero-knowledge proof consensus using an escrow pool shield and erasing the history of transactions.

A controversial past

McAfee is not a man to shy off controversy, and at the launch of the Ghost DEX, some of the crypto community members raised a point that McAfee’s platform “is not the real Ghost.” Following Ghost’s launch earlier in April this year, the community came out sharply criticizing the platform’s whitepaper as plagiarized from the privacy coin project, PIVX.

However, McAfee, a tax fugitive in exile, claims the Ghost project, much as PIVX, is open-sourced, hence some of the features will inevitably overlap. To further his stance, McAfee threatened to sue the “open-sourced PIVX platform,” claiming that developers holding the rights to “the description of how an open-sourced platform works, is an amount to “fraud.” He stated,

“Claiming a product is an open-source while withholding the documentation is a fraud. Pure and simple. I will soon demonstrate that in the courts.”

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Lujan Odera
Lujan Odera
Lujan is a blockchain technology and cryptocurrency author and editor. He has worked in the field of cryptocurrencies and blockchain technology since 2015 helping him gain enough experience to be the writer he is today. He is known for his simple writing style that allows novices to understand the field in the simplest way.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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