The first data center is located in Altoona, Pennsylvania.
One of the most common questions that we have been asked has been “what about proof of
stake?” The answer is we don’t know. What we do know is this: Proof of Stake is essentially
“the rich get richer.”
Overall, Proof of Stake is less secure than Proof of Work coins. Proof of Stake coins require
a large amount of money to disrupt a network. Proof of Work requires the same along with
large amounts of resources, hardware, and electricity. For example, to rollback the
transaction of the “10,000 BTC Pizza,” an attacker would need to control 100% of BTC
miners for 200 days.
Another argument with Proof of Stake is that, should an attacker alter the blockchain, they
would also need to convince the community that their chain is legitimate. History has proven
time and time again that humans are not always the best at consensus (Salem Witch Trials)
and if they do agree that something is bad, they cannot agree how to deal with it
As stated in the Abstract, Proof of Work has been around since ancient civilizations used
handcrafted jewelry and weaponry as forms of payment. As we progress further into the
future, decentralized blockchain technology will become more of a backbone in the world’s
technological infrastructure. We wholeheartedly believe that mining will continue to be the
leading settlement layer for cryptocurrency transactions.
Ethereum’s status as proof of work or proof of stake is irrelevant to the Apollo18 mission.
Apollo18’s Silos will be mining different coins based on a formula of mining difficulty, satoshi value, and USD value.
Ethereum is only being used to settle payments via smart contracts.
There is not a minimum investment amount to participate in any of the three ICO rounds.
Ethereum will be the only payment method accepted during the ICO.
Payouts are expected to begin approximately six (6) months after the ICO ends. This delay allows us time to secure shipping dates from our wholesale partners, scale the operation, and connect with exchanges to expand the opportunities to buy and sell A18 tokens.
The six (6) month time frame is also in line with the SEC requirement for partner tokens to be time-locked for six (6) months.
Dividends will be issued on a monthly basis to token holders that have held the A18 token for 30 days or more. Dividends will be issued in the form of Ethereum to the same address that holds the A18 tokens and will be managed by the smart contract. Due to this, holding A18 tokens on an exchange will not allow an investor to receive dividend benefits.
No. Due to A18 being an ERC-20 compliant token, existing infrastructure can be utilized to store and transfer A18 tokens.
Not at all. Apollo18 intends to document our process and remain as transparent as possible.
Pictures and video will be provided as evidence of progress being made and investor money actually being invested into the infrastructure and token.
We are not currently hiring, however, we will be expanding in the near future. Keep an eye out on our social media pages for announcements and job listings.
While far-fetched and sensationalized, this question is common and valid.
Power consumption via proof of work is a viable concern, however, proof of work will remain the most secure method of verifying transactions and securing the blockchain.
This is the heart of Apollo18: energy efficiency. It doesn’t matter if your units are mobile and can travel from solar farm to solar farm. If you’re not using the power efficiently, you’re not doing anything differently than the power-hungry hobbyist miner with no mind to power efficiency.
Apollo18’s tried and true data center methodologies have already proven to be efficient and effective for major organizations like Google. Apollo18 intends to utilize these successful methods and adapt them to fit the innovative space of cryptocurrency.
Yes, there are many users that frequent our active chat rooms at http://discord.apollo18.co.in and http://telegram.apollo18.co.in
You can also interact with the Apollo18 team at http://reddit.apollo18.co.in
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