BitcoinDark (BTCD) is a cryptocurrency that tries to overcome the confusion in the current financial community. It is a project designed to make virtual currency a central, open and anonymous payment facility with no flaws inherent to Bitcoin and a number of other popular coins. The currency is characterized by a large community, which is actively involved in the work to improve the project.
BitcoinDark mining technology uses the SHA 256 algorithm and a hybrid of PoW (proof of work) and PoS (proof of stake), which avoids the drawbacks of both and other systems of protection. The price of BTCD coin is about $ 112, and the total capitalization is approaching 145 million dollars USD. The original idea of BitcoinDark is the same as it initially attracted people to Bitcoin: the creation of decentralized currency systems to pay for goods and services. In addition, the development of BitcoinDark also includes support for direct trading between users, the creation of an asset trading platform, private sports betting and other features. BitcoinDark is not only a virtual currency, but also a digital currency conversion infrastructure.
Anonymous teleportation of funds is carried out on the blockchain, without disclosing any personal information. At the same time, the interests of miners are preserved. BitcoinDark’s Teleport technology will help all cryptocurrencies to make transactions truly anonymous.
Implementation of several gateways
Multiple gateway is a way to protect against multiple signatures. Thanks to it, users can trade different currencies using decentralized exchange. The features developed for the NXT platform will also be implemented in BTCD. Instant distributed exchanges are available for NXT and BTCD wallets. In particular, for the client, this means the possibility of instant operations when launching the wallet.
Instant transactions and exchanges
The BitcoinDark client includes an integrated instant distributed transaction (InstantDex), which allows users to trade a wide range of currencies and blockchain assets in realtime. The BitcoinDark team is building infrastructure that supports other currencies. Developers of other cryptocurrencies can use all the advanced BTCD tools, such as the ability to exchange on the decentralized InstantDEX trading platform, the launch of trading robots, the automatic switching of bridges, so that their own coins are accepted anywhere where Bitcoin is accepted for payment. BTCD is not only a virtual coin, but also a campaign designed to support the entire cryptocurrency community. BitcoinDark can help other projects that, for a small fee, can integrate their cryptocurrency into the BTCD network and get additional functionality. BitcoinDark was the first project to pay dividends in other currencies. This will help to change the entire market of investments in cryptocurrencies, as investors will receive income in a convenient currency when investing in any project of interest. Another innovation of BitcoinDark is an anonymous debit card BTCD. Anonymous cards are similar to traditional prepaid debit cards, but allow BTCD users to anonymously transfer funds to fiat or other types of currencies. Anonymous cards reduce the distance between the virtual currency and traditional banking systems. Users can convert anonymous BTCD cards into a legal payment or withdrawal. BitcoinDark presents itself as an”anonymous enhanced version of Bitcoin”.
A full-fledged financial system
InstantDEX creates compound orders for the supply of assets from different sources, ensures that orders are executed on the right signals and allows transactions based on a peer-to-peer network. Investors are also given access to the world’s major currencies, securities and stock indices. BTCD client can buy and sell fixed assets such as fiat currencies (USD, Euro, GBP, CNY), commodities (gold, silver, copper), ETF, shares. In other words, users can always access the asset. Brokers and banks should no longer act as intermediaries. The team recently announced a BTCD swap in Comodo coins (CMD) at the rate of 1 BTCD = 50 CMD. The holders of BitcoinDark coins have a year to swap its assets in Comodo.
- Official site https://bitcoindark.life/
- Source code on Github
- Discussion on Reddit
- BitcoinDark price and market state on Coin360
Where to buy
Currently, BTCD coins are traded on exchanges:
- Atomic Trade
How to install BitcoinDark wallet
Download the BTCD client from the official website and unzip the files with any available archiver. Run the executable file ” BitcoinDark-qt.exe ” and wait for the wallet and network synchronization. Set up security and store a passphrase in a safe place.
Since its Foundation in October 2014, the BitcoinDark project has shown good growth and attracted interest from investors. After a slight decline in May 2017 it began to grow rapidly. The developers regularly update the functionality, making their currency interesting for miners, investors, as well as ordinary users.