So, I got into this DRK thing at 0.0019 and 0.0012. I sold at 0.0028. But now I consider to buy DRK again. Maybe, I cant grasp what DarkSend really is about. What is the big advantage/feature that makes DRK stand out? Can't I just use SharedSend or DarkWallet? Please, educate me. :) PS: I'm a little tipsy.
LongWaited A Cryptocurrency Beginner’s Guide to Altcoins!
Welcome to the exciting (and sometimes confusing) world of virtual currency. Alternative cryptocurrencies, like Bitcoin, have revolutionized the way we think about money ever since Bitcoin lead the way for the first wave of cryptocurrencies. https://preview.redd.it/w885i70z8cj31.png?width=982&format=png&auto=webp&s=1967f8ac45eb297dff080428da086f0891d549a4 At one point, Bitcoin was the only cryptocurrency around, and now, there are thousands. Bitcoin has become the leader that other altcoins follow and remains the most widely accepted virtual currency to date. Whether you are a financial wizard or average person, anyone can join the cryptocurrency game. The key to understanding and exceling at cryptocurrency is knowledge. Each of the following cryptocurrencies attempt to improve on existing technological solutions. Cryptocurrencies can fulfill many functions, and they aim to work on issues ranging from storing medical data to providing anonymous financial transactions. Many provide a decentralized network allowing efficient anonymous transactions, and in addition, there are Virtual Private Networks (VPNs) that can help ensure security. What are Cryptocurrencies? A cryptocurrency is a form of digital currency that comes as a “coin” or “token”. They are largely intangible and were originally designed to be free of a central regulatory authority, like a bank or government agency. At first, it was criticized by the traditional finance industry, but now many are embracing blockchain technology. Cryptography uses mathematical equations to ensure that the tokens are securely created, stored, and transferred. Anonymity and decentralization are the key components to most cryptocurrencies, and this is why the cryptocurrency world continues to grow in popularity.
Types of Altcoins:
Bcash (BCH) Bcash originated out of an early hard fork of bitcoin. A fork is when developers and miners of a cryptocurrency disagree on the cryptocurrency’s mining and transaction process, and when this occurs, the currency “splits”. Some developers and investors will choose to follow the original code while others will support the currency’s new “update”. As a result of such a fork, Bcash launched in 2017. BCH was created to increase the scalability of Bitcoin from one megabyte to eight megabytes which allows for larger transactions. It also removed the Segregated Witness protocol that is used in Bitcoin, which limited the block space available for transactions. Ethereum (ETH) Founded in 2015, Ethereum is one of the giants that followed Bitcoin. Ethereum is a decentralized platform that allows you to execute smart contracts and build applications, and you can essentially build other cryptocurrencies off the Ethereum platform. Its token is known as ether, and ether is used by other developers to run their own applications or as a token to buy other cryptocurrencies. In 2014, Ethereum had its first official presale. This was essentially the first initial coin offering (ICO), and these are now a popular source of funding within the industry. After 2016, Ethereum was split into Ethereum (ETH) and Ethereum Classic (ETC), and it is still one of the most valuable coins on the crypto-market space. Zcash (ZEC) Launched in 2016, Zcash is based on a decentralized and open-sourced platform. Zcash prides itself on its ability to ensure privacy and transparency during each of its transactions, and it claims it is the “https” of the crypto world. Essentially, it is added privacy to already pre-existing crypto-transactions. They even offer an added feature of “shielded” transactions, which allow for further crypto-security. Zcash developers came up with an innovation called zk-SNARK, and this revolutionized the way cryptography is used to secure crypto transactions. Dash (DASH) Dash is a more private form of bitcoin and comes with features like DarkSend and InstantX that provide added support to protect anonymous transactions. It was originally known as Darkcoin and was renamed Dash in 2015. Dash allows you to make nearly untraceable transactions. It offers stronger anonymity than most cryptocurrencies and is based on a decentralized network. Founded in 2014, it was founded by Evan Duffield and quickly gained popularity among crypto-enthusiasts and investors. It differs from other coins in that it can be mined with either a GPU or CPU. Ripple (XRP) Founded in 2012, Ripple aims to work as a global network of low-cost payment transactions. XRP works to allow banks and individuals to make international payments at low costs while ensuring a high level of transparency. You cannot mine ripple which helps reduces latency issues. It also decreases the need for high computing strength that some other coins need for mining. Many popular banks have already adapted Ripple technology for cross-border payments because it is the most popular cryptocurrency for traditional investors. Traditional investors understand ripple’s utility as an efficient method of cross-border transactions. Neo (NEO) Originally known as Antshares, Neo was founded in 2014. Called the “Chinese Ethereum”, it is the largest Chinese cryptocurrency. It utilizes smart contracts in a similar way to ETH. Neo owes much of its success to its ability to support multiple programming languages on its platform. EOS (EOS) Launched in June 2018, EOS is one of the newer currencies, and it was created by a well-known mind in the blockchain world, Dan Larimer. Before starting EOS, Larimer started and popularized Steemit which is a popular social media site that was founded on blockchain technology. EOS is founded on the same platform as Ethereum. During their ICO, EOS was able to generate close to $4 billion in funding, which is one of the highest recorded. Its proof-of-stake system aims to provide more scalability than other currencies. Also, EOS differs in that there is no mining. To replace the need for miners, block producers are rewarded in tokens depending on their rate of production. Cardano (ADA) In 2017, Cardano was founded by a co-founder of Ethereum. Carles Hoskinson hoped to combine the benefits of Ethereum as well as fulfill several other functions. ADA looks to solve the issues that come with other digital tokens by focusing on interoperability. They also hope to solve problems of scale. ADA has the ability to make financial transactions in mere seconds, when before it could take days, and this is an added benefit to those in the cryptocurrency industry. Monero (XMR) Designed to be an anonymous currency, XMR is focused on security and privacy. It was one of the older altcoins to become fully established after being founded in 2014. Unlike other virtual currencies, monero’s funding is completely dependent on grassroots community funding. XMR utilizes a rather unique technique known as “ring signatures”. With ring signatures, transactions using XMR have added anonymity. A group of cryptographic signatures will appear with each transaction, but only one of which is the “real” one. They all seem as if they were completely valid, which provides more security, and for people seeking private transactions, this is a draw to use the form of XMR for cryptocurrency. Litecoin (LTC) One of the more well-known altcoins, Litecoin has been around since its founding in 2011. Its founder, Charlie Lee, formerly worked as a Google engineer and is a well-respected figure in the blockchain-sphere. LTC is open-source and utilizes scrypt as proof-of-work. Litecoin is very similar to Bitcoin but works much faster, and it can generate blocks quicker and can confirm transactions at a higher rate. Litecoin has been adopted and endorsed by banking companies around the world because of the benefits it offers to users. Original Blog Post Link: https://torguard.net/blog/a-cryptocurrency-beginners-guide-to-altcoins/
PSA: Don't fall for Darkcoin's deceiving marketing and pump and dump. It's just a copy of CoinJoin (created by a Bitcoin core dev, for Bitcoin), and does not give perfect anonymity.
The whole point of CoinJoin is that even though it doesn't guarantee perfect anonymity, it comes in handy because it can be used on top of Bitcoin (eg: Bitcoin's Dark Wallet), no need to modify the core nor create a new coin. So this is my prediction for the possible finales for Darkcoin:
Bitcoin wallets implement CoinJoin (eg: Dark Wallet) and turns out to be good enough. Darkcoin dies.
Bitcoin devs decide to make CoinJoin part of the core. Darkcoin dies.
A coin with perfect anonymity is developed (could be Bitcoin). Darkcoin dies.
Edit: Commentators informed me that Darkcoin is closed source. Wtf, really? I'll take doge over DRK any day if I have to choose. Edit2: Darkcoiners are claiming that it is open source because they have a Github link. Yes, we can see a basic clone in there, but it doesn't have its main feature, the coin mixing with CoinJoin (which they renamed into DarkSend for no reason), which remains closed source as explained here. Edit3: Apparently it was also insta-mined. Edit4: Coins that give better anonymity than Darkcoin: All the coins that use the Cryptonote technology.
Just learned about Dash after your recent gains in the market cap. I'm very interested in Dash coming from Bitcoin, as I think there probably will not be a consensus on the scaling issue anytime soon. Looking at the governance model, what prevents Dash from evolving into an ecosystem where a handful of centralized masternode pools take control? Wouldn't that be a big problem?
My mostly-impartial take on the top 20 coins on CoinMarketCap
Backstory: I have a friend who is becoming interested in cryptocoins, and I decided to write about a sentence to share what I know about the top 20 coins on Coinmarketcap. As for my knowledge: I've been obsessive about crypto since 2010, but I've taken some time off out of irritation with the soured bitcoin community (I did take a side in the debate for awhile, now I'm disgusted with the entire community). Everything below is recollection and opinion. Much of my knowledge is greater than two or three months old, except for Augur, which I still follow closely. Please - read along and feel free to berate me. 1 Bitcoin - Bitcoin is the oldest cryptocurrency, and the coin with the most adoption. Despite the high market cap, it is bending under it's own weight. The core developers and the miners have scary agendas. Bitcoin is likely to survive and thrive, but not because of anything the community has done to help it. 2 Ethereum - Ethereum isn't technically intended as currency, but some see it as bitcoin 2.0 because it extends the basic blockchain ledger idea. Because Ethereum has a turing complete scripting language built into it, it is more susceptible to new attacks and will need to be substantilly hardened for years to come. The development team is led by Vitalik Buterin, a young genius. Ethereum is generally seen as having a strong development team and a lot of future potential, especially in managing sub-tokens and smart contracts like Augur and Digix. 3 Ripple - Ripple is poorly regarded by many seasonsed cryptocurrency users - many (including myself) do not regard it as a cryptocurrency, but as a general scam. Note that Ripple has low market volume and few privacy protections. 4 Litecoin - Litecoin was the second cryptocurrency to be developed (after bitcoin in 2012) and it is currently traded in China because the developer base is Chinese. Litecoin is literally a bitcoin clone with two modifications. It has potential for speculation, but is not generally used in the US. 5 Monero - Monero is the strongest privacy-centric coin. It uses a novel blockchain solution called ring-signatures that forces mixing for every transaction. Monero took a long time to catch on because of the absence of a GUI wallet. A GUI wallet was recently released. Monero got a recent pump by being the primary currency of Alphabay - instead of bitcoin. (Personal note: I sold all of my monero and I regret it now. Please PM me seed phrases containing coins!) :P 6 Ethereum Classic - Ethereum Classic is quite literally a "grudge coin". Some ethereum users were upset when an Ethereum Contract (The DAO) was rolled back by the Ethereum team, and they revolted by remaining on the old Ethereum fork - the fork that did not roll back the DAO. Many users also see this as a part of the bitcoin hardfork argument because it seems apparent that those who do not want to fork bitcoin to raise the blocksize limit are staging a protest to demonstrate how badly things can go if a coin is forked. 7 Dash - Dash is a very interesting fork of bitcoin with several neat features and a very aggressive development roadmap. Dash is the most prominent coin to pay nodes for obfuscating transactions. People who hold 1000 dash can run a masternode and support darksend transactions while receiving dash in return. This has been very positive for dash in the long run because it makes the token worth hoarding. Dash also has a anonymous transaction solution that has had some scrutiny from the crypto community because of suggestions that one person (government) hosting many masternodes could deobfuscate transactions. 8 MaidSafeCoin - MadeSafeCoin is one of several tokens designed to foster decentralized cloud based data storage. MaidSafe has been in existence for a very long time but only really got traction when the cryptocurrency revolution started. MaidSafe's primary competitor is Storj, though, the last time I checked, both teams deny they're competing. 9 Augur - Augur is a decentralized prediction market platform that is currently in alpha development. The token (Reputation) was released several months ago by users hoping for a quick product launch, but they were disappointed and many sold, leaving the token very cheap. All indications are that the development team is being careful and meticulous to release a working product and avoid something similar to the DAO fiasco. If Augur Reputation is successful, holders of the token will receive regular payouts for reporting on the correct outcome of prediction markets. 10 Steem - Steem is a token-incentivized discussion board, sort of similar to reddit or quora. The basic gist (I believe) is that users reward other users with tokens for submitting worthwhile content. This is probably over-simplified and wrong 11 NEM - I am not familiar with NEM. 12 Iconomi - I am not familiar with Iconomi 13 Dogecoin - Dogecoin started as a meme based on the Shiba Inus dog breed, it was originally a litecoin clone that gained tremendous community traction based on the concept of doing good and sharing good will. The token was widely dismissed, though it has maintained some usefulness. 14 Factom - Factom is a project that verifies the legitimacy of information and databases by stamping/hashing the data in the factom chain. This insures data integrity and could allow proof of ownership, proof of invention, proof of accurate records, etc. Factom was a big deal when it was launhed, but as with many other tokens it doesn't have the same luster as investors have moved on to other tokens, despite the inherent usefulness. 15 Waves - I hold some Waves and I don't even know what it is right now. 16 Stellar Lumens - I don't recall what Stellar is at this moment. 17 DigixDAO - Digix is intended to serve as digital gold. The concept is that the maintainers of digix will hold literal gold reserves in a vault equal to the issuance of tokens. There are regular audits, and demonstrable proof of assets. People who depend on literal assets tend to like the knowledge that their asset is tied to a physical asset, but others feel like this totally misses the point of scarcely created cryptocoins (i.e. bitcoin). 18 Zcash - Zcash is a new privacy-centered cryptocoin. Much hyped. 19 Lisk - Lisk is an ethereum clone, similar to what Ethereum Classic has become. I consider it in the same league as Litecoin to Bitcoin. 20 GameCredits - Something, Something, something, get paid for playing games and exchange game credits with other gamers.
Anoncoins, such as XMR, Dash, BBR need to start worrying about stuff like this, if their popularity grows.
The latest generation of cryptocurrencies "can have no other purpose than just to stay totally anonymous," says Woodward, who co-authored that Europol report. "You look at it and think, now why would anyone want that, except to conduct a criminal activity?"
This thread about Darkcoin is getting some traction in r/bitcoin... come and provide some input please... I would like to know your thoughts. Don't say anything silly, it will just make the coin look bad.
Decentralized governance - This is a one of a kind feature in crypto, allowing for a development path to be decided not by one or two persons but by the actively involved members in the community. Mike Hearn stated in his infamous departure letter that Bitcoin's governance is broken because only one or two people call the shots. Some may have hated his departure post for crashing the price and casting a shadow on Bitcoin, but Mike was right on a number of points. Community is now split between not one but 5 different competing future development paths: Core, Unlimited, Classic, XT, Bitpay Core and proposed variations of these.
The budget system (yes the budget system is separate from the decentralized governance since people also vote on non budget related issues) - The budget system allows for Dash to really grow much faster than any other cryptocurrency. It provides the much needed funding for development and spreading the word efforts which ultimately create a synergistic snowball effect driving up the price of Dash, growing the market cap and making Dash even more appealing to merchants who want to adopt Dash for payments. I have seen lots of projects die out due to lack of funding. We know even big projects like Ethereum are experiencing funding problems and they are not the only ones. Once a project burned through the initial seed funding/crowdsale funding, where will the money come from going forward?! Some are relying on donations but donations can only take you so far. The budget system has already funded development and spread the words effort, allowing DASH to be present at a bunch of conferences, including the Anarchapulco conference taking place this weekend.
InstantX - instant transactions. How cool is to receive your coins instantly and not to wait hours on end for an exchange to credit your deposit. It opens a whole new world for merchants especially in this heated RBF Bitcoin debate. RBF stands to screw lots of merchants who hate the idea. It will make impossible for them to keep accepting 0 transactions. RBF stands to be implemented in Bitcoin Core 0.12.
PrivacyProtect - As you already know, DASH has built-in wallet mixing. This means you don't have to use 3rd party websites like Blockchain.info that may track and store your IP and disclose it to governments or private entities. It also means you don't have to pay a fat fee for this service. Some make the claim alternative privacycentric cryptos offer better anonymity because Dash in-wallet mixing takes a while. However, it takes a while because it's done effectively. The Evolution update will greatly reduce the mixing time down to <1 hour. You just have to anonymize all your coins once and then you can use instant transactions. Evolution will also introduce user IDs, allowing people to provide IDs to those that wanna send them money without letting 3rd parties see how much money was sent, how many transactions took place, total balance and so on. I know bunch of people, especially podcasters and freelance journalists that want such feature.
The 2nd tier Masternode network creates the possibility for very cool innovation not present in other coins such as Dash Drive, instant transactions, governance system, a much sturdier and faster network than bitcoin that can handle much more transactions per second. The number of transactions per second is particularly important because this is the reason why quite a few projects abandoned Bitcoin for private chains or alternative public chains that are much faster and allow for more transactions per second.
DASH has a node network with more than 4000 24/7 7 days a week active nodes while Bitcoin's active 24/7 active node network only has about 2300 such high uptime active nodes. (worth noting DASH node network is composed of both Masternodes and regular nodes)
The DASH Evolution nodes will have high spec requirements allowing for cloud computing, cloud storage, decentralized APIs and bunch of other cool stuff like 3rd party apps and smart contracts. The high spec evolution nodes will create one of the most powerful node networks in existence which opens the door to lots of exciting possibilities.
The Masternodes also make for a cool investment, creating a solid base of long term holders instead of short term trader holders prone to hissy fits and childish tantrums. It also creates a price floor dynamic, which helps with having a much more stable price than other coins. When price goes lower many people are tempted to buy nodes due to the appealing ROI. This in turn also helps the budget system, providing price stability.
X11 - 11 different encryption algorithms combined into one, all better than the SHA-256 Bitcoin uses. A recent NSA document advises against the use of SHA-256 and suggests upgrades to better encryption in the context of advancements in quantum computing. This makes DASH future proof, offering single point of failure protection, significantly lowering the risk of a fast quantum computer breaking the encryption and creating a nightmare scenario.
Dash uses Bitcoin code which is awesome because it allows great integration to be used. Good quality code like Electrum wallet for example. It's very easy to adapt mobile wallets as well or do software integration. This can speed up Dash development a lot when compared to alternatives cryptonote forks which have to build it all from scratch, having to reinvent the wheel which is a gargantuan effort making development slow, painful and cumbersome.
Dash sporks allow for forks to be properly tested before being fully introduced. This is also something other cryptocurrencies don't have. We have seen how fearful Bitcoin community is when it comes to hard forks. Sporks can heal the hard fork phobia by allowing proper testing of changes before they are fully enforced.
An awesome community more interested in development and growing then project than nasty trolling, creating negativity and poisoned discussions.
BlackCoin the first PoS-only Coin with Ring Signature for anonymous transactions
Dear Rat4, are you up to the task to make BlackCoin the first PoS-only Coin with Ring Signature like DarkCoin wants to implement? This would make BlackCoin unbeatable... DarkCoin started off as a normal currency XCoin and added the CoinJoin Mixing which uses MasterNodes which are aware of the relationship between inputs and outputs. This is version 1 of DarkCoin's DarkSend which is closed source still. When it gets opensourced, they will starting to implement Ring Signature, where nobody can tell who is the original signer anymore, this is version 2. Here a quick explaination: http://youtu.be/s1oGuJv-Mbs?t=9m52s DarkCoin has the problem of PoW vulnerability with 51% mining attacks and does not do Proof-of-Stake + 4 million only mined and 80 million yet to be dumped by miners. BlackCoin does not have this issue being PoS. Are you up to this task? I think you would be considered the GOD of cryptos. I think you can do it.
Be prepared for a long-ish post. Over the last few months since vertcoin's inception, I have seen coins come and go, and some of them gain more audience - but none of these coins have the following, the developmental support, or the background that vertcoin has. Nontheless, as people come and go and tout the latest fad, I feel its about time that these points were addressed in one single post, rather than spread across various replies. Maybe a constructive debate can be had out of it - we shall see. Darkcoin - Personally, I think that Mr Duffield has done a lot of great work in this coin, and indeed deserves to benefit financially from his endeavours - he clearly is a skilled and dedicated developer. That being said, I'm amazed at the value of darkcoin lately - namely because of what I see is it's achilles heel - anonymity. Being able to send coins to another party without either party being able to trace the transaction is cool, and has so many people all gleeful over the possibilities. But I would argue that anonymity for a currency is not only pointless, it is counter-productive. What I would argue for instead is Privacy. They are different. Take darksend, and the soon-to-be-implemented SX Stealth Addresses. One is about anonymity, and the other is about Privacy. An anonymous transaction in theory should be untraceable - from both ends. There is no way for someone at a later date based on the information in the blockchain and private keys of the addresses to discover what was sent or received from where. The regulatory and legal implications of this ability are mindblowing, but not very useful for all intents and purposes. They are however highly conducive for illicit usage, and consequently, favour such operations. A private transaction by contrast is one where only the person who holds the private key can trace the transaction. To anyone else without this information, it is untraceable. The regulatory and legal implications of this by comparison are far more realistic. One can regulate, and also defend, provide sensitive disclosure of information, to the appropriate third parties - investigations can be done, and people can be held as complicit based on their actions. Of course people can choose to destroy their private key and with it the link is removed - however that is an implicit action on their part - and such actions have a legal basis for legislation, at least in modern society. (ie "Why did you destroy your private key? As opposed to your private key is useless for us anyway") What this means is that given the two options, a regulatory body would never choose the anonymous option. Given the two options, a business, an investor, a broker, and so forth - may like the idea of the anonymous option, but realise the message it sends - it opens them up to further scrutiny that is totally un-necessary and avoidable by the use of SX Addresses. Businesses can operate in private without people analysing the blockchain for their transactions, but at the same time, records can be kept or discovered if the business so chooses. Consequently, on this point - This is why I am amazed at the current value of DarkCoin - anonymity can never win over privacy when it comes to the real world. And the anonymity factor is just a pr nightmare waiting to happen. It may not have happened yet much, but it will - when the next dark-web site gets busted, or drug cartel, or something happens - and its discovered that they used DarkCoin to finance the operations - What legitimate business or Investor is going to want to touch it over Bitcoin, or Vertcoin or the others? It doesn't have first mover advantages, only a potential future for the underground - and of course that may be a big future for it. But its not one I want to associate with. Vertcoin on the other hand, by supporting SX Stealth Addresses, actually enhances Businesses, Investors, and even the average user. SX Stealth is less useful for hiding your trails from discovery, but better at hiding your information from the public - so far more suited to the day-to-day business and merchant world that Vertcoin aims to reach. To those of you who are not convinced of Vertcoin's (IMO) Superiority in this regard to Darkcoin ask yourself this - Why would someone involved in business choose an anonymous and potentially "murky" currency when it has very little if anything of use to offer that Vertcoin with its SX Stealth Addresses couldn't?
Is there an idiot proof way to get darkcoins anonymously?
Idiot proof means nothing like mining and nothing like buying bitcoins and then exchanging them to darkcoins. Anonymous means a tor-friendly website that does not require any verification. I am looking for a website that will accept a prepaid credit card from a grocery store and then spit out darkcoins. Or any other idiot proof and anonymous method you know of.
Darkcoin: "I just solved one of the largest problems facing Bitcoin. Instant transactions."
Could somebody objectively review this? I'm sceptical, but I'm not knowledgable enough to completly understand the paper and understand its importance if it really turnes out to be a correct. Story: 9/14 8:51 pm I just solved one of the largest problems facing Bitcoin. Instant transactions. I know how to do it... 9/14 8:52 pm It'll be compatible with Darksend too. So we'll have anonymous instant transactions. 9/14 8:52 pm Oh and there will be no bloat, that is the problem with POS. I bet we can get a confirmation within 10-20 seconds in most cases. 9/14 8:52 pm It also fixes the finney attack, which is another huge problem for bitcoin 9/14 8:57 pm Yeah, I'm obviously pretty excited about it. I just had a eureka moment 9/14 8:58 pm It's simple, elegant, instant and will cost a ton of money to subvert. Perfect [IMG] 9/14 8:59 pm does that have any technical implication on how transactions are processed and blocks? 9/14 8:59 pm from a pool standpoint 9/14 8:59 pm nope. 9/14 8:59 pm It's not even a hard fork 9/14 9:28 pm It can definitely stop all other double spends, but finney attacks require the client to reject blocks. Published paper: https://www.darkcoin.io/downloads/InstantTX.pdf
As I'm sure you all noticed, DRK has been going up all morning - from about 1.25 mbtc to about 1.58 mbtc right now. I'm just curious, did something happen to make a lot of people want to by DarkCoin this morning, or did our benevolent developers just decide to hold off on selling their stash? If it is the developers, I would say that it's a good strategy not to sell when BTC is low. You don't want to convert your bitcoins to fiat right now anyway, so why not hold off and let the price go up? Also, by holding off you give DRK the reputation of going up when BTC goes down - which makes it super attractive as a hedge against BTC volatility.
Let's kick of with the Whitepaper of the Week: EUNO
What is EUNO? EUNO is a currency based on privacy of the end user. It is a currency that has Proof of Stake (POS) as well as Proof of Work (POW). EUNO has a relatively low max supply and an extremely fast transaction time. Using the privacy aspect of the coin to make transactions(Darksend), users can anonymously send EUNO without any tracing of the sender. Darksend transactions are facilitated by the EUNO Masternodes. EUNO Masternodes help with the network as well as create a means to receive new EUNO Whitepaper abstract
The upsurge in the number of cryptocurrency projects since the inception of Bitcoin in 2009 has brought tremendous technological innovation and utility models into the decentralized digital currency space. Despite that, cryptocurrencies are still to date mostly viewed as speculative investment and store of value instruments. This notion has devalued the potential benefit of their use in resolving real logistic, economic and societal bottlenecks, and has necessitated a sober approach in addressing obstacles to their wide public acceptance. Indeed, mainstream adoption of cryptocurrencies continues to be hindered by polarized perceptions between different actors – public entities, the financial sector, merchants and consumers. As a result, the overall market remains extremely niche, highly volatile and susceptible to confidence shocks. At face value, this divide can be traced to (i) a wide misconception of use in illicit activities that has suspended the process of public recognition, (ii) perceived risks to traditional financial and monetary structures, (iii) overstated weaknesses in terms of scalability, speed of transactions and network vulnerabilities, (iv) price volatility, and (v) perceived complexity of use. While those concerns are to some extent valid, we view that their influence is overemphasized due to a much more rudimentary cause, which we identify as the status quo bias. As well as adhering to basic requisites of security and usability, diffusion of technologies that potentially carry broad economic and social implications compel the presence of a system that promotes active use and curbs early adopter risk. Short of such a design, potential users would more likely retain their preference for prevalent payment methods, barring the few for which the status quo already imposes greater risks. Building on that, we assess obstacles to cryptocurrency mainstream adoption within the context of a behavioral approach from which we derive key lessons for the development of EUNO coin. EUNO coin was created with the aim of tapping into the core attributes that have hindered wide public acceptance while not compromising the key features that make cryptocurrencies a revolutionary technology: decentralized, trustless, immutable and incorruptible. EUNO combines solid security features building on previously developed cryptocurrencies that have succeeded in addressing network vulnerabilities and minimizing incentives for malicious attacks. From a user’s perspective, EUNO is a privacy-by-choice coin focused on accessibility and usability through platforms and tools that aim to support commercial exchange with minimal requirements of operational knowledge and merchant infrastructure. Furthermore, EUNO is built with an aim to survive independently of its founders in the longer run. It embraces a community-driven governance structure that promotes transparency and flexibility, and facilitates adaptation to the needs of the market. In terms of exposure and user acceptance, we introduce into the cryptocurrency space the Adoption and Convergence Incentivized Distribution (ACID) protocol, the function of which is to incentivize the use of EUNO in commercial transactions, and promote a wider and more equitable coin distribution. The ultimate vision of EUNO is a widely accepted and extensively distributed digital currency to be used by consumers over the air (OTA) in near field communication (NFC), point of sale (POS) transactions, with minimal requirements for technical expertise by users and integration processes by merchants.
It is also the input and challenges of the crypto coin community that pushed Mr. Duffield to improve Darkcoin until we have DarkSend’s current, and according to Mr. Duffield, final form. Currently in testing, DarkSend+ successfully achieves the above conditions. It does this simply by passing the “mixing” through several nodes called “masternodes” where even if a masternode is a bad ... Bitcoin: Kennt jeder, die dominante, wichtigste, größte, mächtigsten Kryptowährung. Und zwar mit Abstand. ... Bei Dash sind die Zahlen mit Vorsicht zu genießen, da man optional „Darksend“-Transaktionen schicken kann, bei denen die Masternodes mehrere Transaktionen in einer bündeln. Allerdings weiß ich nicht, wie oft das verwendet wird. Eventuell finden wir in anderen Statistiken ... Was ist DarkSend +? 2020 - Bitcoin on air. Also was ist DarkSend +? DarkSend + ist die neueste Implementierung der Technologie hinter Darkcoin , aber was macht das eigentlich? Sie haben wahrscheinlich gehört, dass es im Grunde eine Implementierung von CoinJoin ist, ein Mischprozess, der ursprünglich von G. Maxwell vorgeschlagen wurde. Doch in den vergangenen 6 Monaten hat Evan Duffield, der ... Dark Wallet is a chrome based browser extension.The wallet supports coinjoin, or essentially transaction bundling to increase anonymity. Firefox support is in development and the wallet supports multisignature transactions. How to Activate Darksend in the Darkcoin Wallet. The wallet has DarkSend turned off by default because there are small fees involved in using the DarkSend function. However, the team felt it was important that people not be charged fees without consent. So to use DarkSend, you will need to turn it on. This is done by unclicking the “Disable ...
Dash is built from Bitcoin's core code, meaning that it remains compatible with systems that are already designed to work with Bitcoin. The creator of Dash, Evan Duffield, works with a "core team ... Darkcoin's implementation of an ahead-of-time CoinJoin, called Darksend. I'm trying to denominate 50 tDRK through two masternode rounds and send them in an a... The "Anonymous Bitcoin" Book, by Kristov Atlas http://anonymousbitcoinbook.com Download Bitcoin-Qt for Linux (tgz): https://bitcoin.org/en/download Tails Lin... Bitcoin is the preferred form of payments on the Dark Web. After this lecture you should understand why. Mantenha seus pagamentos privado para que ninguém possa rastreá-lo graças a Darksend . TAIXAS BAIXAS Muito menor do que os bancos ou cartões de crédito , muitas vezes até mesmo gratuitamente.