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<!DOCTYPE html>
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<title>DARKCOIN</title>
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<h1 class="title">Media</h1>
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Read our releases and <span class="hue">follow the news</span>.</h1>
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<div class="btn btn-medium btn-rounded btn-blog1"> SEPT 22, 2014
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<h1 class="post_link">Darkcoin Passes Security Review, Prepares to Open Source</h1>
<p>Security researcher Kristov Atlas has concluded his code review and security audit of Darkcoin. He was solicited by the developers of Darkcoin, based on 4+ years of professionally reviewing C/C++ software, to review the code and suggest any changes which could improve the software. Kristov Atlas concluded that Darkcoin's claims of functional anonymity are well-founded. He did suggest a few concerns, which the Darkcoin team immediately fixed (the fixes will be released Monday as part of the next scheduled update to the Darkcoin client). Mr. Atlas' primary concern was that a bad actor could launch a so-called Sybil attack against the network. Evan Duffield, lead developer of Darkcoin, closed this potential attack vector and in doing so also found a way to increase the overall anonymity of Darkcoin transactions.</p>
<p>The new update to Darkcoin, "Release Candidate 5" (RC5), will be made publicly available Monday, September 22. It fixes the concerns raised by Mr. Atlas, increases anonymity, fixes bugs, and improves the user experience by implementing a new interface. After eight months of continuous improvement, the developers of Darkcoin are confident that the currency is finally ready to meet the scrutiny of coders world-wide. Duffield has announced that on September 29, the source code of Darkcoin's Darksend technology will be opened and published. This is the final piece of the overall system to be opened up. Darkcoin will then become the first fully open-source, decentralized, anonymous crypto-currency in the industry.</p>
<p>Future plans include the adoption of a new Instant Transactions technology which Duffield has described in his <a href="https://www.darkcoin.io/downloads/InstantTX.pdf">whitepaper</a>. This technology will allow Darkcoin to compete with other nearly instantaneous transaction systems such as credit cards. If successful, such an idea could revolutionize crypto-currencies by providing a decentralized payment system usable in retail stores and other face-to-face situations. The delay between sending and confirming transactions would be reduced from one hour (with currencies such as Bitcoin) to as little as twenty seconds. A future press release will describe the system in greater detail.</p>
<p>Download <a href="files/2014-09-22-pr-darkcoin-rc5.pdf">2014-09-22-pr-darkcoin-rc5.pdf</a>.</p>
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<div class="btn btn-medium btn-rounded btn-blog1"> APR 22, 2014
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<h1 class="post_link">Darkcoin Price Jumps More Than 40% As Developers Unveil First Release Candidate of Anonymous Payment Technology, DarkSend</h1>
<p>Darkcoin (DRK), an alternative to Bitcoin, is now the first cryptographic currency to offer anonymous transactions. Developers of the currency, which launched in January, revealed the first release candidate of DarkSend on Good Friday, offering a new transaction system that will ensure private transactions for individuals using the currency. The price rose from weekly averages of $0.60US to above $1US upon news of the development.</p>
<p>While Bitcoin allows users to transact from pseudonymous digital addresses, all Bitcoin transactions are recorded in a public ledger called the “blockchain”. The public blockchain allows third parties to track payments from any digital address, making it possible to determine a user’s transaction history, their trading partners, and their wealth as well as with the aid of monitoring technology, their location and other information.</p>
<p>Darkcoin developers have built a new system of exchange based on the “CoinJoin” theory, first described by cryptocurrency developer Gregory Maxwell. The system mingles unrelated transactions in the blockchain ledger. The “proof-of-work” decentralized verification system integral to cryptocurrencies continues to operate but the mingled blockchain prevents third parties from discovering which digital addresses were involved in any individual transaction. The payer sends the amount, the payee receives the amount but third parties cannot find the direct connection between the two. Masternodes host the DarkSend network and the voluntary nodes will begin to receive incentive payments starting from the next release candidate.</p>
<p>“When making payments with Bitcoin it's like leaving your checking account open in your browser and everyone on the internet is able to see what you bought," says Darkcoin developer Evan Duffield. "It's really a shame the original development didn't aim to prioritize the user's privacy. This is where DarkSend comes in, we can use this technology to enhance the personal privacy of users of the network.”</p>
<p>DarkSend provides users with increased privacy while maintaining the transaction speed of current cryptocurrencies. The solution is trustless due to the decentralized network and does not rely on existing third party coin mixing services. Privacy and anonymity are built into the DarkSend model.</p>
<p>There are currently just over 4 million Darkcoin in circulation, compared to the 12.6 million Bitcoin currently mined. Darkcoin is estimated to reach a maximum supply of 22 million coins sometime next decade.</p>
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