Pangolin Coin PGO, a slowly rising mining coin star (airdrop event coming at the end of the article)

In 2020, another anonymous mining coin caught the attention of the cryptocurrency community, PGO. Due to its popularity, PGO was nicknamed "Green Monero".

Everyone knows that Bitcoin does not have true anonymity. There is no absolute anonymity, only relative anonymity - pseudonymity, that is, users do not need to use their real names, but use public key hash values ​​as transaction identifiers. True anonymity refers to pseudonyms that are uncorrelated. The so-called uncorrelatedness means that from the attacker's perspective, it is impossible to associate any two interactions between a user and the system.

In order to meet this demand for absolute anonymity, anonymous coins came into being. Currently, there are anonymous coins such as Dash, Monero (XMR), and Zcash (ZEC) on the market.

Anonymous cryptocurrencies are highly homogenized, and PGO can stand out among many products, which reflects the comprehensive capabilities of the community, project, and market.

The future value of privacy-related currencies mainly depends on how important privacy is to people. PGO is more like a technical experiment in privacy protection education .

1. Geek Feelings

Geek spirit: pursue originality and novelty, reject blind obedience and ignorance, have a strong "curiosity" and possess the power of change, and use this to pursue the ultimate self.

Blockchain believers prefer the open source community, just as open source software was only a niche fringe behavior in the early days, but has now become a trend in mainstream software development around the world.

There is a long history of naming open source community projects or operating system commands after animals. The developers of Pangolin named PGO after it. One reason was a sudden inspiration, but the most important thing was geek sentiment.

2. About the project

PGO is an anonymous coin project, a bit like a combination of XMR and DOGE. Based on the cryptonight protocol, PGO is only produced in the form of mining and is maintained by community members.

Pangolin Coin is fast, easy to use, secure and fun....

Because PGO has no private or public offering, there is no lock-up mechanism or distribution mechanism in the token.

From the evaluation of this technology development, the product has high-quality development qualities and involves many technical participants, so it deserves recognition.

The main features are as follows:

1. Team maintenance: 100% community-driven, no ICO, no pre-mining;

2. Issued quantity: 100 million, all of which are promoted spontaneously by miners, developers, and community enthusiasts;

3. Issuance method: PoW algorithm mining;

4. Focus on privacy protection: In terms of privacy protection, it also has the privacy protection characteristics of Monero. Unless you decide to make the transaction public, every transfer transaction is hidden;

5. Decentralized computing power: Based on the one CPU one vote rule in the Bitcoin white paper, the essence of mining is "printing and distributing currency without a centralized background". Mining is a fair process of distributing currency. ASIC miners are much more efficient than CPUs in mining and may lead to a small number of people controlling the network. This not only creates a more centralized network, but also prevents lower-income miners from participating because ASIC equipment is usually more expensive.

6. Wide application scenarios: Due to the optimization of the cryptonight algorithm, PGO supports almost most payment scenarios. You can leave the PGO wallet address or QR code anywhere, and it takes less than 5 minutes from setting up a wallet to starting to use it.

Many of the glittering blockchain projects are packaged by founders or raised through capital funds, and then promoted in various ways, promising you a lot of functions, but almost none of them can actually be implemented or applied. Most technology, programmers, and community enthusiasts are increasingly uninterested in such projects.

The idea conveyed by the PGO development team is to make a good product that is easy to use, easy to obtain, and allows itself to grow. Once the product is good enough, it will create value on its own.

Pangolin Coin comes from the community and naturally has great community advantages:

1. The development team only focuses on writing code and does not pay much attention to the price of the currency or market fluctuations. Apart from the code, there is almost nothing that interests them. Many angel investors or retail investors are naturally interested in this type of technical team, because good developers are like artists who create excellent products.

2. Instead of promising big, empty milestones, developers always pay first and then gradually advance the project

3. The team rarely shows up in public when being interviewed, and there is no source of funding at the early stage of the project. It is completely driven by interest and spiritual belief.

4. No private or public offering.

This is the choice made by a geek who is passionate and willing to challenge the rules.

3. Community Culture

The PGO technical community has an extremely open mindset and values. This makes the community stand out. The reason why some high-end technologies are not developed is not because the team is not capable enough. On the contrary, the entire development team is made up of geeks who work hard. They adhere to the value of open source projects and welcome anyone to join the community with an open mind.

PGO has only been under development for a short time. As an anonymous cryptocurrency project, the product form is already quite complete. However, as a geek developer, I have more imagination in the later stage.

The engineers involved in the development are all part-time. This product development route is similar to the original Bitcoin. The developers are very geeky and hope to make the product valuable through high-quality product forms and highly compatible community consensus, so that the product can create the value it should have.

The size of a cryptocurrency community is related to its attractiveness to developers. A large number of followers and growing popularity are key indicators of whether a project can generate strong interest among developers.

The PGO Chinese community currently has a high level of participation and continuous recognition of the technical community. The community culture will achieve a value balance between inclusion and advocacy, ensuring that everyone's voice is heard and contributions are recognized.

The PGO technical community will grow healthily and attract more people to contribute to the project, and spread word of mouth to more people. Every community participant is a guardian who maintains the community spirit and vision.

1. Learn from Contributors

In the PGO community, you can learn a lot from other contributors. Early community participants continue to learn more from each newcomer, bringing their diversity of perspectives, questions, and technical knowledge to the project.

2. Contributions do not necessarily have to be in the form of cryptocurrency

Contributions do not have to be all in cryptocurrency. In other communities, contributions are often assessed based on the amount of donations.

There are many participants in the PGO community who have contributed their efforts, such as technical Q&A, poster design, document help, community management, content, and promotion.

4. Computing power guarantee

PGO comes with its own CPU mining program, but you can also use any Monero mining program you are familiar with to mine in the mining pool.

Computing power has always been an important indicator to ensure network security and health. The increase in computing power indicates that the number of people mining continues to increase, and the market has a high degree of recognition for the project. The PGO computing power has increased from less than 20M to more than 400M today, which means that more and more people and machines have joined PGO mining.

The surge in PGO's total network computing power seems to be very consistent with the rising trend of PGO prices. The higher prices have also led to a continuous increase in market demand for mining, which has far exceeded the market supply.

All of PGO 's current mining pools are established spontaneously by the community, and now have attracted many mining circle users and related institutional service providers to join. The top five mining pools are:

The average computing power is 300-450M, and there are more than 10,000 active mining machines.

1.dxpool.com :

2.xingyun.io

3.cpupool.cn

4.semipool.com

5.minergalaxy.com

The five major mining pools mentioned above have a total of 10,000 mining machines. The influx of more and more computing power has also greatly increased market expectations.

5. Trading Market

1. Pangolin Coin PGO currently has clear usage scenarios: instant payment, reward, commercial payment, charity donation

2. More and more exchanges are planning to list

3. In order to solve the previous inflation problem, there will be a production cut at the end of May this year, which will greatly enhance the confidence of community users in holding coins in the future.

4. Already listed on kuangex.com, Bkex and HotBit, with the price rising by up to 700%

6. Why do we need privacy protection?

In fact, the anonymity of accounts and transactions was also considered when Bitcoin was first designed. Because the account addresses of the entire Bitcoin are almost infinite, everyone can create wallet addresses at will, so you can even use a new address to receive each transaction. However, due to the openness of the blockchain network and the traceability it brings, you may need to integrate these scattered transactions to conduct a larger transaction. Once this multi-input transaction occurs, we can classify these source addresses into the same account, and then further track these accounts. In this way, through the analysis of the entire transaction network, we can obtain a lot of relatable information. In addition, the transaction amount is also public, and we can also find clues for transactions of certain amounts. If the identity of the corresponding address is confirmed, more address information can be inferred through this information. In addition, the change address used for change will also lead to information exposure. Early Bitcoin clients had a bug where the change address was always the first in the output address. By doing this step by step, we can uncover the true identities hidden in the Bitcoin network.

It can be seen that the Bitcoin network faces many privacy challenges. It can be said that it is completely unable to meet the needs of anonymity. In addition, due to the full traceability of blockchain transactions, the history of each fund can be clearly checked, which is equivalent to branding Bitcoin. Bitcoins involved in black market transactions will always retain this brand. If such money comes into your hands, you must not be very comfortable. At the same time, if you use Bitcoin to pay outside, others can also see how much money is in your account. This is not very safe no matter how you think about it.

You may think that the privacy protection of blockchain is only for hiding the personal identity information and consumption information of account owners. However, in fact, the privacy of blockchain is also very important for various companies. For example, some contracts signed with the other party on the blockchain, as well as transaction information with customers, etc., should be regarded as business secrets, and these need to be protected.

There are still many weaknesses in the privacy protection of blockchain, which will not be discussed here. Some sniffing of the network and attacks on nodes are also very threatening. However, blockchain technology does have a unique advantage in anonymity, and we cannot just give it up. So all these are urging the application of new technologies. This blockchain format and protocol was also proposed by an anonymous person and initially appeared in the development forum as a Bitcoin expansion plan. Its main innovation is to modify Bitcoin's UTXO model and use an elliptic curve-based encryption algorithm to create multiple signatures for all inputs and outputs, thereby achieving confidential transactions without disclosing addresses and transaction amounts.

In simple terms, both parties to a transaction only need to share a blinding factor composed of the private key and public key of the transaction party to verify the validity of the transaction through the relevant equation. Because of the different verification mechanisms, the block does not need to store the complete transaction history, and only retains key information to maintain normal operation; this greatly reduces the node storage burden while also improving the scalability of the network.

PGO was born to solve the problem of privacy protection.

To celebrate the reduction in Pangolin production at the end of the month, continue to promote the development of the Pangolin community, and build more consensus, this community has decided to launch a new member reward activity from 00:00 on May 13, 2020 to 00:00 on May 16, 2020.

Each new member joining the group will be rewarded with 10 pgo, and for every person invited to join the group, an additional 5 pgo will be awarded.

The QQ group for this event is: 22175129