What is DarkCoin | How to Buy DarkCoin
Recently a new Altcoin has emerged called Darkcoin. The idea behind dark coin is this -It’s like Bitcoin only totally anonymous. But wait, isn’t Bitocin anonymous as well ?
Well…not really. Bitcoin is what you’d call pseudonymous, meaning your public address isn’t linked to your personal information, but once you trade at an exchange or a bank the link can be made easily. And since the Blockchain is public for everyone to see this becomes a problem to some people.
So what is Darkcoin ?
Darkcoin is like a digital version of cash – you choose whether your transactions are private or public. Just like Bitcoins, Darkcoins are stored inside a digital wallet. But Darkcoin wallets allow you to stay private even when trading at exchanges or other 3rd parties.
“Darksend”, which is the payment system Darkcoin uses allows anyone to make transaction anonymously. This is achieved through mixing different transactions together so no one will be able to track who sent the original coins.
On the technical side there are only 22 million Darkcoins that can be mined (just like Bitcoin) and generating a block takes 2.5 minues (25% than what it take to generate a Bitcoin block).
Where can you buy Darkcoins ?
Darkcoins can be find on different exchanges that deal with Altcoins. The biggest Altcoin exchanges today are Cryptsy and MintPal. Inside Cryptsy you’ll be able to find a DRK/BTC exchange which will let you exchange Bitcoins for Darkcoins. MintPal also supplies a similar exchange. If you haven’t purchased any Bitcoins yet you can do so using our buying guides. There is no direct USD to DRK exchange at the moment.
In order to store you Darkcoins you will need Darkcoin wallet which you can download here. Darkcoin was created on March 2014 and since then has managed to gain considerable traction amount the crypto-currency community.
99Bitcoins may receive advertising commissions for visits to a suggested operator through our affiliate links, at no added cost to you. All our recommendations follow a thorough review process.
Free Bitcoin Crash Course
Learn everything you need to know about Bitcoin in just 7 days. Daily videos sent straight to your inbox.
10 thoughts on "What is DarkCoin | How to Buy DarkCoin"
Comments are closed.
Hi, i credited coins into my darkcoin wallet. I was told by darkcoin support team my account is new and not verified and to deposit 10% of what was credited into my account for verification purposes. Can i trust this process?
Hello. To be honest, this sounds kind of shady. A legitimate trading/wallet system should NEVER ask you or tell you to deposit a specific amount. This seems like a red flag and it might be in your best interest to contact law enforcement about it to see if they can assist in you getting the money back that you’ve already given.