“We are losing privacy at an alarming rate” -John Mcafee
These words couldn’t be closer to the truth, unless of course you add the second part of this famous statement... “we have none left”. It seems nowadays we’ve come to expect this as a necessary evil if we’re going to utilize the expansive capabilities of what we call the world-wide web. Whether it be cyber terrorists or big brother, its becoming harder and harder by the day to remain anonymous and secure.
There are of course, a number of possible solutions...just In the crypto-sphere alone there are hundreds of coins confidently boasting anonymity with the protocols to host private transactions. It would seem then, all is well? As technology evolves so do the safeguards...but do they really? Over the years we’ve seen dozens of cryptocurrencies hailed for their security protocols fall victim to cyber attacks not only endangering the success of their coin, but also the privacy and financial security of their investors.
Today we introduce Linda coin, a hybrid POS/POW token who claims front and center on their homepage that it can do things “other coins can’t”. Before we get into technical details and break down just how Linda coin is different than other coins who’re making similar claims...a little history about the Linda coins rocky road to its newest update.
The Linda coin team seems to be full of heart, revamping their coin nearly 100% this year after an internal investigation revealed suspicious and subversive activity.
After months of community upheaval, development of the coin and its associated social media accounts were turned over to long time supporters and developers of the coin known as @sk8r and @lindawhale.
A planned community fork happened shortly after on March 15th introducing a number of new features to the project including removing any and all association with the coins prior founder, new wallet releases, a new homepage and the promise of an airdrop as Linda coin moved to become the innovative currency it was meant to be. March 31st 2018 a hard fork was implemented introducing LindaV2 which would maintain the symbol (LINDA).
So what does Linda look like now? As a POS/POW coin users can stake coins in a wallet with 70% block reward and 99% yearly APR, or users can earn coins by hosting a masternode, taking advantage of Linda’s 50% block reward system.
While Linda coin’s POS feature IS similar to those of other staking systems there are plans in development that are sure to set it apart. Perhaps most intriguing is talk of creating mining pools that not only support Linda coin but also a number of other coins.
As of today, the Linda masternode system is what really sets it apart from competitors.
According to Linda’s whitepaper hosting a master node allows users to essentially become part of the development team. When a dev wants to propose a change to the blockchain they first must submit their proposal to the node community and will only go forward with the work based on votes from hosters. To become a masternode host for Linda there are 3 necessary items the host must provide.
1. 2 million LINDA staking
2. Minimum staking age of 24 hours
3. Unlimited maximum staking age
Linda’s masternodes are “lightning fast” with transactions being “instantaneous”. This feature prevents double spending on the blockchain which is a feat other coins have been struggling to achieve. Along with this security feature, masternodes are encrypted, decentralized, and in the future will have the ability to host atomic-swaps.
Just these few things set Linda apart from competitors who’re vying for public support by boasting state of the art staking and masternode systems...but the Linda team has developed even more features that make this coin unique, scalable and perhaps the preferential choice for users as blockchain technology advances and new privacy concerns manifest.
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Already in existence is the Linda Desktop Wallet available for Win, Mac/OS and Linux. This wallet features the ability to turn on “stealth” transactions further “anonymizing” data so users have no doubt their information is secure. Releasing in the near future is the Linda Coin Web Wallet. This alternative wallet has been designed to allow users to run not only one, but multiple masternodes should they choose as well as staking capabilities. According to the Linda team this wallet also “offers heightened security and fast connections” hosting an “easy-to-use VPS system” which allows users to execute transactions privately.
Also getting ready for release is the Linda Coin App which will allow busy investors to “conveniently manage their Linda wallet from anywhere without sacrificing the traditional features of a desktop wallet.”
Finally tying everything together will be the release of the Linda platform. Beginning with dynamics similar to that of the popular ERC20 token based on the Ethereum blockchain, the Linda coin team is in the process of developing LindaX. This platform according to developers “will allow users to use the Linda network to host their own tokens” and they allege “it will be better than other token platforms.” This like their claim that LindaV2 can do things “other coins can’t” is of course not a new claim...so what sets this new platform apart from the rest supporting the claim they are indeed “better”?
First, “unlike the ERC20 platform, the Linda X platform will be prescreening all tokens”. In theory, this practice should help weed out scam tokens giving support only to those who are furthering the vision of what digital currency should become. Integrated with the previously discussed Linda app, coin developers can use all of Linda’s features including setting up their own wallet and staking their coin. With an in-house support team and the promise to work with each token team individually, developers of Linda X believe this platform will make it easier for other developers and investors to navigate and adopt.
To see what else the Linda team has up their sleeve take a look at the video below which covers their roadmap for 2018.
When you combine the features of Linda coin’s new web wallet, their new mobile app and the Linda X platform you definitely end up with an equation whose solution closely resembles the ideology behind the adoption of digital currencies.
Trading on a number of exchanges including CoinEx, Cryptotopia, Nanex and Bitflip this coin already has quite the following even with its tumultuous start. Currently ranking 465 on Coinmarketcap, 9,013,063,859 LINDA are in circulation with the total supply capping at 30,000,000,000. Linda coin is still minable at this time with a block size of 4 MB an a speed of around 90 seconds. According to some sources up to 80% of Linda coin has been pre-mined while the previous CEO claimed he only held 10 percent of the coin, the only amount that had been premined.
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As you can see on this chart done by Tom, Linda coin has already seen some serious attention. For instance January 11th this year, the day Linda premiered their promotional video, price action reached an ATH and was then followed by a significant correction. Then, February 24th as news of new management and an upcoming community fork spread across the crypto sphere Linda coins price action rose again 23% and was again followed by a significant drop in price only beginning to rise just before the soft fork took place March 15th. Like the rest of the crypto market, Linda coin looks to be recovering from not only a chaotic release but also the extreme volatility the markets have been seeing in general. Resting just above the .786 price action does have a bit of support below it and the MACD’s histogram is currently above the center line on this chart.
While Linda coin might not be on any major exchanges at the moment, the developers claim to be in the process of reaching an agreement with Binance, HITBTC, Liqui, Bittrex, Litebit, and Poloniex "before the end of the second quarters (sic) of 2018." For now this coin can be charted on Coinigy and as mentioned is also on Coinmarketcap.
As always feel free to leave your opinion in the comments :)
That's all for today!
°Br¡tT^N¥° (@TheJadeCrow on Twitter)
Just sent some DOGE over to Cryptopia to buy LINDA with. Thanks for the heads up @idcinc
Nice proyect!!!
Thanks for your support @idcinc!
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