The time has come to take a closer look at another of the altcoins part of the BlockNet project. Apexcoin is the name of this digital currency, and this coin has been existence since July 11th of 2014. Let’s see what makes it so special, and more importantly, why it is a part of BlockNet!
When Apexcoin originally launched in July, the trend of anonymous coins was only just gaining more and more attention. The original plan was to integrate Tor into the Apexcoin client, but the team decided against doing so , as Tor does not mask transaction identifiers.
It was discovered by an external auditor that payments could still be tracked, which is exactly what the APEX developers want to avoid at all costs. As a result, an entirely new anonymity has to be created, which does not cause so called “blockchain bloat”.
While the upcoming anonymity could become a key part of Apexcoin’s success, the APEX client is full of features which are all very useful to the cryptocurrency community. More and more features are constantly in development and will be implemented into the client when tested and ready.
Once a minimal adoption of Apexcoin has been established, the focus will shift to turning APEX into the next great vehicle for value building and Bitcoin generation. A multi-pronged approach will be in place, where each prong will generate volume for the market.
Not only is this done in order to generate more profits for APEX holders, but having a digital currency with a good amount of volume will also attract attention from merchants around the world. It will be interesting to see how being part of the BlockNet project will aid in this regard.
I did mention the APEX developers would constantly develop and implement new features often. The first new feature to be added to the ApexCoin was an in-wallet block explorer. As a result, a mandatory wallet upgrade was released on July 15th 2014.
The next feature to be implemented in the Apexcoin client came to us on August 6th 2014, as the webkit coding and testing was finally released to the public. It took slightly longer than originally expected to release this feature, as an external developer had to be brought in.
What this webkit does is allow for integrating exchanges into the Apexcoin client. In the beginning, both Cryptsy and Bittrex trading was integrated , as those were the only two exchanges with an APEX/BTC trading pair at that time.
Although this is not an actual in-wallet feature, I do want to add this in. During the month of August , it was announced Apexcoin had been added to BitKee, a platform where users can purchase their very own cold storage APEX wallet.
August was a very busy month for ApexCoin, as another client update was released on the 14th. More features were added, such as the ability to log in to your social media account (Facebook, Twitter), as well as join the IRC channel from the wallet directly. A small update in regards to the toolbar was included as well, in order to make the pages fit better in the client window.
The fun in August didn’t end there though. August 29th saw another client update, with more features being added. A new “Fun’ tab was introduced, where users can find the APEX faucet and the Apexcoin dice game.
On to early September then, with more features coming to the Apexcoin client. A new block explorer was added, thanks to the help by CryptoID. Some changes to the APEX client UI were made as well, as the community requested to make the wallet a bit more user friendly.
A bit of time passed until the date turned to September 28th. Apex-Dice and Apex-Wheel were added to the “Fun” tab in the APEX client. All house earnings from both games are used for paying out bounties and future development of this digital currency. Two days later, a new minor client update was released, which included an in-house faucet and upgraded GUI.
A few weeks ago, on October 24th, a new non-mandatory Apexcoin client update was released by the developers. The main part of this update is the integrated news feed where users can remain up-to-date in regards to everything regarding cryptocurrency. Maybe we will see CryptoArticles being added to that news feed in the future?
As mentioned in the opening paragraph, Apexcoin is a part of the BlockNet project. The official announcement was made on October 20th, and can be found here. For more information about what the BlockNet project entails, click here.
There are quite a few different Apexcoin projects under development as we speak, although most of them are being kept under wraps until they are released. The APEX multipool is not operational just yet, as the automatic payout scripts need to be tweaked a bit more. Keep in mind that multipool mining will be integrated into the Apexcoin client.
During the month of November, more games will be released, including a poker game, as well as multiple casino games. Blackjack is also on the list, but no official release dates have been provided as of this writing.
December will see the introduction of in-wallet sponsorships and a “Donation” tab. The idea is to reward users with free APEX from the integrated Casino House when they made a charitable donation in Bitcoin.
Merchant integration is also on the agenda, with the current plan to target webshops. One of the ideas being bounced around is to have retailers accepting APEX payments accessible in the wallet directly. This approach services a double purpose, as users can easily access the shop, and merchants can promote their goods and service directly to potential customers.
Estimated Total Coins after PoW:
PoW ends after 10000 Blocks
Approximately 5 days
750 APEX + 5 APEX to development
Block Target Time:
PoS Interest Rate
PoS min coin age
1% for bounties
Apexcoin can be traded on Gryfx, AllCrypt, C-Cex, Bittrex and Cryptsy
Website : http://apexcoin.net/
BitcoinTalk : https://bitcointalk.org/index.php?topic=686403.0
Twitter : https://twitter.com/APEX13coin
Facebook : https://www.facebook.com/APEX13coin
Facebook Group : https://www.facebook.com/groups/267448760117370/