Darkcoin is the first open source cryptocurrency with financial privacy built directly into the software. Darkcoin plans to offer greater anonymity than Bitcoin does by making it extremely difficult to trace a payment to a person.
The technology uses a system called Darksend, which works by mixing up the digital fingerprints of the users coins, the same source reports.
Darksend is based on technology known as the Masternode Network, which currently consists of close to 1000 decentralized servers around the globe maintained by Darkcoin supporters. As such, any user can go through the code and build upon it.
The Instant Transaction confirmation system is a feature designed to allow Darkcoin to compete with credit cards in terms of transaction speed.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.