While some call Bitcoin anonymous, it’s actually pseudonymous. While your personal information isn’t attached to a Bitcoin transaction, your wallet address is. Anyone who knows your wallet address can discover how many bitcoins you have, where you’ve sent them, and from where you’ve received them.
Darkcoin, however, has claimed to be able to provide anonymity in transactions, a bold claim to be sure. So they recruited Kristov Atlas, a well-known security researcher, to perform a security audit and code review of Darkcoin.
And the results look good.
While Atlas did find a few concerns, including a vulnerable attack vector which the Darkcoin development team has since repaired with their latest release RC5, he concluded that Darkcoin’s claim was “well-founded”.
A Closed-Source Cryptocurrency?
It’s a rare occurrence, but there are some cryptocurrencies with a closed source. Darkcoin is one of them.
The point, of course, is not to deceive users. Darkcoin was closed-source from the beginning, and made no bones about its status. “When fully functional, the source will be made available,” the devs posted on the original Darkcoin announcement thread back in January.
But, pending Atlas’ review, the Darkcoin devs feel confident in releasing the source code to the world.
Darkcoin’s Darksend technology will be released publicly on September 29th, making Darkcoin the first decentralized, open-source, anonymous cryptocurrency out there.
What do you think of Darkcoin? Can you trust a coin with a closed source?
Darkcoin Gets Kristov Atlas' Blessing
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