
AvonCoin (Symbol: ACN) is a privacy-centric cryptocurrency with instant transactions. Based on the bitcoin software, but AvonCoin has a two-tier network which improves it. Like cash, with AvonCoin, users are allowed to remain anonymous while executing transactions. The anonymization technology makes it impossible to identify the identity of the transferer. This is essential because it is available for everyone to access to the bitcoin blockchain with an internet connection but this is a significant drawback for those who don’t want their transaction history and balances to be public. AvonCoin does this through a mixing protocol using an innovative distributed system of servers called Masternodes without the intervention from trusted a third party that could compromise the integrity of the system. The Masternodes network almost immediately confirms AvonCoin transactions, which is a considerable improvement on bitcoin’s system, where confirmations take much longer because the miners do all the work.