ANON is a cryptographic medium of exchange that enables seamless, secure, swift, and anonymous transactions of cryptocurrencies. According to the whitepaper, the ANON project is not the first cryptocurrency exchange medium. The project is rather the outcome of the successes and failures of the previously launched projects. The team behind the project strives to avoid mistakes that happened in the past by decentralized exchanges. The project aims to bring down the barriers to entering the cryptocurrency market.

The underlying technology of Bitcoin has been around for ten years. The questions have emerged over the relevance and the utility of Bitcoin within the community. According to the whitepaper, Bitcoin has suffered from high fees, slow transaction speed, centralizedmining outlets, and lack of privacy features that have created forking opportunities in the market. Therefore, the community claims to have high hopes and expectations from ANON.

The ANON project intends to accomplish market adoption widely. Such adoption also intends to include various decentralized exchange listings and compatible use cases that can foster a strong community. The ANON project is a mixed fork of both Bitcoin and ZClassic tokens. The ANON project uses zk-SNARK, which was adopted by ZClassic token. The zk-SNARKs stands for the zero-knowledge succinct non-interactive argument of knowledge, a privacy technology for transactions. The project further uses proof of work as its consensus mechanism.

The project intends to allow staking to both miners and nodes. Such holders seek to get rewarded for their contribution to the network. To become a node on the network, a user must hold at least five hundred coins. Moreover, to get ANON token, which is the native token of the project, the user must hold an amount of Bitcoin or ZCL tokens. After forking, the BTC coin intends to be converted into ANON by 1:1 ratio and ZCL token to be converted by 2:1 ratio. Further, the ANON tokens seek to be exchanged with other coins or can be utilized on the network.

The ANON token was forked on September 10, 2018. As per the whitepaper, the team has selected the ticker name ANON that intends to reflect the ethos of the project, which is true anonymity. The team behind the project includes Jake Greenbaum (Founder), Shaurya Malwa, Steven Nerayoff and Eli Blatt (advisors), Sam Abbassi and Christopher Arguello (development team lead). The total supply of ANON tokens is forty million.

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