Opacity | under the radar success story?

Cryptocurrency by Blockspectator News  | 12 months ago
3 min read

With so many cryptocurrencies listed on CoinMarketCap (as of writing, there was 2129 listed), and untold numbers in the process of development and about to list, keeping track of the entire picture of projects is a daunting and frankly unfathomable task.

The majority of the community emphasis is very often placed on the top 100 projects and occasionally some outside of that. Rightfully so, many times these projects have the resources to be able to execute their aims to their supporters.

However, every so often, a quiet, somewhat low-key project will arrive at the attention of crypto enthusiasts and acquire the same level of interest as the more flashy and mainstream crypto projects.

Opacity (OPQ) is just one of them projects. Opacity initially was a result of a hard fork of the Oyster Protocol.  Prior to this, the Oyster Protocol had some issues regarding the security of users funds, and a previous employee had managed to create several new tokens and sell them via an exchange.

With the fallout of the Oyster Protocol continuing to be a burden, and many users and commentators wary of a similar type of ‘exit scam’ the development team was quick to initiate a hard fork and continue solidly working on the new Opacity coin.

As such Opacity was created with the intention to improve transparency and allow for a continued market ecosystem. Opacity will enable users to control who sees the data that each user hosts. While simultaneously keeping file handles private and only accessible by the owner of that file handle.

Opacity wants to establish tokens/coins as the primary method of business interaction, provide the user’s defaulted encrypted data file storage, and a censorship-resistant protocol through a decentralized network combined with an easily useable UI.

The team has placed a massive emphasis on data ownership, which explains why there is such a commitment from the project for data clarity.

Following the hard fork, the management team has decided not to take a salary, while the remainder of the team will either receive a lower salary or none at all.

The team has a functional product launch set for an anticipated May release.

While some may still attach the stigma of the Oyster Protocol fiasco to Opacity, and it will in all likeliness continue to stay connected to the project for the foreseeable future, it would be doing so unfairly and without much due diligence. The team has proven their commitment and honesty to the project long following the hard fork and has the foundations for sustained future success.

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