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 ‘people’s patriotic project’ initially focused on the....
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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 of the....
Litecoin for some moments returned to the level of $3.00. It seems that it is not the last contact with the strong level of $3.00. Traders can make careful purchases below the level of $3.00. The main weakening factor for all cryptocurrencies now is the Chinese New Year’s Eve. Traditionally, during this period Chinese people exchange cryptocurrencies for Yuan. I must remind you, that Litecoin has a wide popularity among Chinese miners and traders. Therefore, it is hardly possible to count on growth of this cryptocurrency in the next few days. DASH surely and quietly grows, without paying....
Since August 31st, 2015, when DASH left the largest exchange Bitfinex this cryptocurrency has had to cope with difficult times. Despite its technical originality and regular updates the DASH price continues its downtrend. Most traders are not ready to wait for DASH to be recognized. But, on the level 0.05 - 0.06 it could be a good time to buy, as the number of masternodes isn’t falling, which means that we are talking about speculative attacks.
Early Bitcoin pioneer Charlie Shrem, co-founder of now-defunct Bitcoin exchange BitInstant, is pursuing a new venture, a Dash-branded and Dash-accepting debit card. Rather than seeking startup funding through more traditional means, however, Shrem has instead sought funding directly from Dash itself. Instead of the entirety of the block reward going to miners like most other coins, Dash gives 45 percent to masternode stakeholders, and 10 percent is set aside for development and other community projects. As this card would constitute a community project to grow Dash’s ecosystem, Shrem....
The cryptocurrency Dash has seen a significant price spike over the past couple of weeks. Dash even acquired the cryptocurrency market capitalization top three position, and is priced over US$46 at the time of writing. Some cryptocurrency enthusiasts have applauded the significant rise for various reasons, while others believe the pump just doesn’t add....