Will GHOST Gain in Popularity Following Mainnet Launch?
In just a few hours, Ghost (GHOST) is due to launch its mainnet. The launch of a mainnet is the transition from one blockchain, such as Ethereum's in this case to their own. The swap will be done at a 1-to-1 ratio and users holding ERC-20 based GHOST tokens should swap them. Some of the exchanges that list Ghost support the swap automatically including Bitcoin.com.
Ghost is one of the very few proof-of-stake (PoS) privacy coins other than perhaps PIVX, which they were initially accused of copying their whitepaper. Following the minor fiasco, a new whitepaper was released. Most major privacy coins including Monero (XMR) and Zcash (ZEC) are based on the proof-of-work mining algorithm.
Besides its PoS mining algorithm, GHOST seemingly has a few interesting functionalities planned. As a privacy coin, GOST will integrate zero-knowledge proofs which can mask sender and recipient addresses as well as the amount sent. Other functionalities include a peer-to-peer marketplace, esim, and fast & cheap transactions,
The Markets & GHOST
It appears that traders are widely anticipating GHOST's mainnet launch. Its price increased by 13% and is currently trading at $1.61 as well as its BTC evaluation which increased by 12% and is currently 0.00017087 BTC.
Should Ghost's mainnet launch go smoothly as the majority of mainnet launches do, an increase in its price could be in the cards. While the launch of the mainnet could push Ghost's price upwards, more listing could boost it much further.
Perhaps in proper time and with plenty of work, we could see GHOST in the top 100 on CoinMarketCap.
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Written by Jonathan Ganor
Writer & cryptocurrency aficionado