Anonymous Developer: Darkcoin is Seriously Flawed
[Update: Darkcoin founder's reply is available at the end of this post.]. An anonymous Reddit user, using the alias 'IranianFromHell666', recently claimed to have found some serious flaws in Darkcoin. The alleged developer claimed that Darkcoin is heavily prone to three DOS attacks, and have zero-anonymity. He further mentioned a handful of methods following which Darkcoin could be attacked in the future. However, he shied away from discussing these tricks in public, but simply assured to setup a "Darkcoin Deanonymizer" to prove his claims. "Or is there some kind of "Bug bounty?", if so I....
Related News
For those unfamiliar with Darkcoin, you better start researching on it as it had begun a new era of anonymous coins in cryptocurrency which is arguably the reason for which we see many anonymous coins these days. Coin Specifications. Darkcoin was launched at the beginning of the year, and the constant updates it has been receiving may be a shock to many who do not believe in altcoins. Being one of the few coins that has shown long-term promise, Darkcoin is definitely a great contender for the future. An interesting feature that was introduced into the altcoin market by Evan Duffield,....
Privacy has been one of the most desired features in digital currencies that bitcoin hasn’t been able to offer. Evan Duffield is a software developer that has been on a quest to create a crypto currency that he hopes will soon be the perfect internet cash: untraceable and instantaneous. Early this year he created Darkcoin – believed to be the first true anonymous, secure and untraceable crypto currency. Unlike Bitcoin and Bitcoin-based alt-coins which have transparent electronic transactions, Darkcoin can be equated with online cash due to its private/anonymous transactions that resemble....
If you're looking to conduct truly anonymous transactions, bitcoin isn't the perfect digital currency to use. While personal identities are not shared via the bitcoin network, it is still possible to identify wallet addresses and follow transactions through the block chain. For a real anonymous coin, you'll need to turn to darkcoin, a digital currency launched in January that is storming the cryptocurrency scene with its pioneering energy-efficient mining algorithm and multifaceted, identity-protecting features. Enthusiasm for the digital currency has been fueled by darkcoin's price gains....
The Darkcoin price exploded during May, rising more than 2000% in less than a month. Since its rise, Darkcoin has consistently remained among the altcoin heavyweights, despite a price decline. However, the Darkcoin price downtrend is becoming a concern for investors, as Darkcoin's market cap has fallen below that of another coin that until recently had been slumping, Peercoin. As the Darkcoin price has decreased, the Peercoin price has risen, causing Peercoin to briefly pass Darkcoin for fourth in total market cap. Darkcoin Price Falls to 30 Day Low. Darkcoin's price explosion in May was....
Cloakcoin is trying to build an anonymous ecosystem. One of cryptocurrency's greatest selling points is the freedom it affords users in regard to managing their assets. However, many in the crypto-community do not believe true freedom can be achieved until they have a way to transact online with complete anonymity. As a result, a variety of coin developers have sought to implement anonymous transactions into their source code. Darkcoin was the first major coin to attempt this. After its dramatic price rise, many altcoins sought to draw attention to themselves by promising anonymity as....