SibCoin: The Cryptocurrency That Outsailed Dash and Conquered Siberia
The Dash cryptocurrency derivative, SibCoin’s masternode network volume continues to outgrow that of its parent coin. In January 2017, SibCoin’s masternode network volume exceeded that of its parent coin (Dash), and the gap continues to widen.
Did this roaring Russian bear fly right under your radar?
Emerging out of Russia’s heartland, SibCoin has garnered tremendous support in the national crypto-community. It has become the coin of choice for thousands of seasoned numismatists and crypto-neophytes alike.
Siberia is Russia’s legendary treasure trove, yet denizens of this rugged land, just like the rest of the country, often do not feel like their living conditions fully reflect their input to the economy. The blockchain is seen as a solution to corruption and bureaucratic inefficiency by many. But due to insular political views and general mistrust towards big ideas coming from the West, most Russians until now were not ready to trust bitcoin easily. They needed something familiar and relatable to introduce them to the world of blockchain. And thus, Siberian Chervonets (SibCoin) was born. The cryptocurrency’s adoption has been growing since then.
SibCoin is a Dash fork, employing additional encryption algorithms devised by Russian cryptographers. The coin’s adoption has been growing rapidly ever since the first block was mined in May 2015.
SibCoin is striving to become the driving force behind the consolidation of Russian blockchain community. Frequent community meet-ups are held in every large Siberian city and scores of cities in western Russia and neighboring countries.
Learn more about SibCoin at: http://sibcoin.org/en/
Economists and journalists often get caught up in this question: Why does Bitcoin have value? And the answer is very easy. Because it is useful and scarce.