SibCoin: The Cryptocurrency That Outsailed Dash and Conquered Siberia

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.

About SibCoin

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/


Related News

SibCoin Meets the Needs of Russian Cryptocurrency Community, Outsmarts Dash

SibCoin is developed on a fork of Dash cryptocurrency platform. Dash is currently the sixth largest cryptocurrency in terms of market capitalization. The cryptocurrency industry is flooded with hundreds of altcoins. The open source nature of many cryptocurrency platforms offers an easy way to create and deploy new altcoins. However, unless these altcoins serve a specific purpose or solve a particular problem, they will eventually fade into oblivion. SibCoin, short for Siberian Chervonets is one such altcoin which is out there on a specific mission — meeting the blockchain needs....

Dash Offshoot SibCoin Aims To “Open Gate” For Chinese Traders, Unite Russian Community

A Russian Dash fork is aiming to gain popularity in the Chinese market and “become the driving force behind the consolidation of (sic) Russian Blockchain community.” SibCoin, which describes itself as “employing additional encryption algorithms” to Dash, ostensibly to build on security, announced the China move in a press release on Tuesday. A Chinese language implementation on its website “opens the gate for China’s crypto-enthusiasts and professional traders alike,” the release claims. “SibСoin was created in 2015 as a....

Dash Technical Analysis for 21/4/2015 - Oversold!

It seems there is no stopping Dash from digging deeper into the red. The cryptocurrency has sunk to a fresh 1-month low of 0.01163BTC as bulls refrain from entering the scene, extending the ruthless bear market that Dash has entered into. I advised in my yesterday's analysis that Dash is still not a good contrarian bet and long positions are best avoided. I maintain my bearish outlook. Trading under pressure, Dash has a value of 0.01175BTC. An analysis of the 360-minute DRK/BTC price chart reveals that the cryptocurrency may be oversold from a near-term perspective, however, the long-term....

Dash Price Technical Analysis for 14/4/2015 - Turnaround in Progress?

Investors in Dash can breathe a sigh of relief as the cryptocurrency seems to be staging a comeback after dropping roughly 40% from the 1-month high of 0.02495BTC achieved in March. This is in stark contrast to the bearish undertone that I had been following in my earlier analyses however, this is not to say that Dash is completely out of the woods yet. Each Dash is currently valued at 0.01403BTC. An analysis of the 360-minute DRK/BTC price chart reflects that the bears have taken a breather and that bulls are trying to claw their way back into the game. Dash seems to have broken above the....

Dash Technical Analysis for 20/4/2015 - That Sinking Feeling!

Bears hold complete control over Dash as the cryptocurrency continues with its spree of hitting fresh lows. In my earlier analysis on Dash, I had mentioned that the cryptocurrency is steadily losing and that it is best to stay on the short side of the trade; those who had followed this advice would have made good money (or avoided huge losses) as the cryptocurrency has plummeted to a 1-month low of 0.01231BTC. Dash is still under extreme selling pressure, languishing near the lows at 0.01254BTC. Although it is incredibly difficult to comment now as to when the ignored cryptocurrency will....

Quotes

[I’ve been working on Bitcoin] since 2007. At some point I became convinced there was a way to do this without any trust required at all and couldn’t resist to keep thinking about it. Much more of the work was designing than coding. Fortunately, so far all the issues raised have been things I previously considered and planned for.

Satoshi Nakamoto, Bitcoin Developer