WHAT IS AVONCOIN?
AvonCoin is a privacy-centric digital currency with instant transactions. It is based on the Bitcoin software, but it has a two tier network that improves it. AvonCoin allows you to remain anonymous while you make transactions, similar to cash. Our anonymization technology makes it impossible to indentify the identity of the transferer.
This is important because the bitcoin blockchain is accessible to anyone with an internet connection – a significant drawback for those don’t wish their transaction history and balances to be publicly available. AvonCoin does this through a mixing protocol utilizing an innovative decentralized network of servers called Masternodes, avoiding the need for a trusted third party that could compromise the integrity of the system. AvonCoin transactions are almost instantly confirmed by the Masternodes network. This is a great improvement on Bitcoin’s system, where confirmations take much longer because all the work is done by the miners.