Darkcoin has now officially released its source code to the world, making it for the first time a truly decentralized, fully open source cryptocurrency.
The clincher is their Darksend technology, designed to mix up the digital fingerprints of a user’s coins and create truly anonymous transactions. Following the release of RC5, Darkcoin’s latest update, the dev team is confident inough in Darksend that they’ve decided to release the source code to the world.
Having a closed-source cryptocurrency seems like a paradox, but the Darkcoin developers were creating something the cryptocurrency world had not yet ever seen: functionally anonymous transactions. As a result, they needed to be sure their code was bulletproof.
Darkcoin’s primary developer, Evan Duffield, has announced that the “release candidate” stage of Darkcoin’s privacy has ended. This means it is no longer in the beta stage, and has been publicly released.
What’s Next For Darkcoin?
Now that Darkcoin is open source, the development community can have more input in ways to improve it.
Duffield has other plans for Darkcoin as well, including what he’s called “masternode hardening”, a plan designed to make Darkcoin transactions more private.
They’re also working on implementing instant transactions to the Darkcoin network, another revolutionary idea. This concept, described more in-depth in a white paper. Not truly instant, Darkcoin’s transactions will reduce the time it takes for a transaction to be fully confirmed from around 20 minutes for Bitcoin to less than 20 seconds.
Once instant transactions are implemented, Darkcoin will have a massive advantage over the rest of the cryptocurrency world. Not only will their transactions be lightning-fast compared to other coins, they’ll also be anonymous.
To view Darkcoin’s source code, visit their Github page
Darkcoin Goes Open-Source
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