Darkcoin Adds Another Plus with Instant Transactions

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Darkcoin has always specialized in privacy. Its ability to “spork” (temporarily hardfork without permanently breaking the blockchain) and make money for those supporting the blockchain (masternodes) are unique attributes over other coins. Now Darkcoin leaps ahead with another promise delivered: Instant transaction confirmations.

One drawback of other cryptocurrencies is a slow confirmation time.  A block must be solved before transactions can be considered confirmed.  But with its network of “masternodes,”  transactions are confirmed as soon as they are done.

A masternode consists of 1000 DRK, but can earn 20% (or more) of the network’s mining rewards. According to lead developer Evan Duffield on Beyond Bitcoin:

On the Bitcoin network, you can broadcast something and a vendor can take it with zero confirmations, but if a miner comes out and releases a conflicting transaction, it will actually reverse that. Whereas, on the Darkcoin network, I’ve actually eliminated the possibility of that happening with what we’re calling InstantX. So we can do instantaneous transactions where they confirm in like 20 seconds.

 

Upon release of the new InstantX about a week ago, Darkcoin’s market price almost doubled to over .015 BTC. Since then, it has pulled back and settles around .00117 BTC.   This author already has a token amount purchased since its launch but am looking to add more – do you think it’s a good time to add to the portfolio?

DRKcryptsy

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5 Comments on "Darkcoin Adds Another Plus with Instant Transactions"

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bonestabone
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bonestabone

Darkcoin is way too volatile for me, so I’ll sit this latest pump out. I may speculate a bit when the price goes below $2.00 again, but I’m a buy and hold type of guy, not day trader, or even someone who even needs anonymous transactions.

49pence
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49pence

I myself cannot wait till we reach $14 again!

unirep
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unirep

not happening – price will stay the same

Andy91
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Andy91

It’s certainly going to go up b/c Bitcoin doesn’t hold a match up against Darkcoin with nearly instantaneous transaction times

Andy91
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Andy91

How do you know? lol

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