Hashing algorithm Darkcoin

Darkcoin information

DarkCoin aims to be the first privacy-centric cryptographic currency with fully encrypted transactions and anonymous block transactions. These features are a work on progress and will be released in stages in the near future.

DarkCoin uses a new chained hashing algorithm approach, with many new scientific hashing algorithms for the proof-of-work. This is so that the processing distribution is fair and coins will be distributed in much the same way Bitcoins were originally. ASICs will be much more difficult to make for these algorithms and will take years.

Darkcoin has been engineered to be a digital version of cash. When sending Darkcoin, you choose whether the transaction is private or public.

Your Darkcoin are stored in a digital wallet that you own and control. Transactions are anonymous "from the wallet" meaning you don't have to trust a third party to make the transaction private.

Darkcoin's unique anonymous payment system, Darksend, allows anyone to make transactions anonymously.

The innovation is in the mixing of inputs and outputs going through the Darksend system. A user's payment is automatically split into smaller denominations and pooled with the split-up payments of other users. Receivers of payments draw these denominations automatically from the pools until they have received the correct amount. Anyone viewing the blockchain will see payments being made but they won't be able to see who paid who.

Specifications

Maximum Supply: estimated 22 million maximum coins
Algorithm: X11 Algo
Super secure hashing algorithm: 11 rounds of scientific hashing functions (blake, bmw, groestl, jh, keccak, skein, luffa, cubehash, shavite, simd, echo)
Block Reward: controlled by 2222222/(((Difficulty+2600)/9)^2)
Mining: CPU/GPU
Block generation: 2.5 minutes
Difficulty: re-targets every minute using Dark Gravity Wave
Superior transaction anonymity using Darksend: RC3 testing on MainNet
Launch Date: January 18th, 2014 23:00 EST

Social

Facebook

Twitter

Forum

Block Explorer

Darkcoin Explorer

Chainz.Cryptoid

Pools

Darkcointalk/threads/pool-list

P2P Pools

Downloads

Desktop Wallets	Mobile Wallets	Web Wallets
Darkcoin Wallet		Holy Transaction

Source Code

GitHub/Darkcoin

White Paper

Darkcoin: Peer to Peer CryptoCurrency with Anonymous Blockchain Transactions

DarkSend Documentation

Darkcoin intro

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