John McAfee's GHOST Coin Dumps Cardano (ADA) for Polygon (MATIC)
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The developer team of the Ghost coin has taken to its Twitter handle @GhostbyMcAfee to announce that it has decided to stop developing its two-way bridge on the Cardano chain and focus on building on Polygon instead.
Exciting update from our team!
— Ghost (@GhostbyMcAfee) February 10, 2023
After careful consideration, we've decided to put the #Cardano development on hold and focus on creating the seamless two-way bridge on #Polygon.
Stay tuned for more updates on our progress towards bridging the gap in the #Crypto space!$GHOST
The reasons behind this decision were not revealed. A Twitter user mentioned in the comments that he believes Cardano has the best staking system, so it is a pity that Ghost decided to opt for Polygon rather than Cardano.
John McAfee's "Ghost" projects: Coin, Phone Service, DEX
GHOST is a proof-of-stake privacy coin created by the late crypto mogul John McAfee in 2020 on Ethereum's ERC20, along with the Ghost chain, after launching his own decentralized exchange, McAfeeDEX, in 2019.
Back then, the former antivirus magnate also announced the upcoming launch of Ghost McAfee phone data service that would help users to stay anonymous while making phone calls and make it impossible to trace their phones. He also wanted to add "Ghost" to the title of this McAfeeDEX.
All of the aforementioned things were meant to be working under the same brand name "GhostbyMcAfee." However, the Intel giant sued John for using his own name. The thing is that after he created the first antivirus program in the world and named it after himself, he then sold to Intel his "McAfee IT Security" company. Therefore, John was not allowed to use the name "McAfee" in relation to his own new products.
Alex DovbnyaMcAfee passes away, GHOST keeps building
In 2021, McAfee sadly committed suicide in a Spanish prison where he had been waiting to be extradited to the U.S. on charges of long-term tax evasion. He took his life by hanging, although his widow, Janice McAfee, insists that it was not a suicide. Prior to that, he was arrested in Barcelona in 2020 by the local police.
After the death of the crypto mogul at 75, the project continues to develop.
Related articles
Tomiwabold Olajide
Gamza Khanzadaev
Dan Burgin
Alex Dovbnya
Vladislav Sopov