1.OverviewDarkcoin was released at January 19, 2014, 01:50:23 AM. The main feature is X11 algorithm, and the first coin claims to realize anonymous.
With Darksend/anonymous, the marketcap occupied the third place in the encryption currency market. And it also help the exchange mitpal to rise suddenly.
But the marketcap stabilized at $ 4-5 million in the February to April. And the skyrocket begins at May. The marketcap is about $6.5 million at May,1. One month later, the marketcap is more than $65 million, soared 10-fold within a month.
At August 18, the price lost 40%, and the marketcap is less than $10 million
2. The question about DarksendAs the main feature, Darksend makes the darkcoin can’t be traced, it totally anonymous. But the Dev tried to avoid talking about Coinjoin or the contribution of Maxwell, and keep the source closed. It’s really weird. The Coinjoin was proposed by one of bitcoin core developer, Greg Maxwell who believe Coinjoin anonymity is not complete.
3 layout3.1 working quietly Since preminer was despised by the whole community, preminer is equal to dig your own grave. So the question is how to avoid preminer, but obtain most of coins? The trick is naming a very ordinary name with ugly UI. In short, makes everything looks like very ordinary.
For example, the darkcoin was named Xcoin when it was released, the tile is CPU-Fast, Easy mine, *no premine. With such name, no one care about this coin.
After the Dev miner most of the coins, they change the title as DarkCoin| First Anonymous Coin | First X11 | First DGW | DarkSend+ Is Live!, which is much attractive than the original one.
3.2 no preminer but more than preminerThere is no windows client when DRK (xcoin) released which I will never tell you.
It was minered about 2 million coins after releaed 32 hours.
The first block reward is 500 coins and the 4000 block was 277 coins, the block time is 2.5 minute. That means 4000 blocks was generated after the first 15 hours, about 1.75 million coins.
And now the reward is only 5 coins.
3.3 Leave bugs in the core code.
3.3.1 the first bug: Block RewardWhat the exactly number of the Block Reward?
The mooreslaw ( 1111 / (diff+1 ^ 2))?
Or 2222222/(((Difficulty+2600)/9)^2)![](https://ip.bitcointalk.org/?u=http%3A%2F%2F8btc.com%2Fdata%2Fattachment%2Fforum%2F201408%2F19%2F164832lu0jr0u80v10czrr.png&t=665&c=O6I_F2eRLMYrug)
And at last the Block Reward was only 5.
3.3.2 the second bug: The total amount of Darkcoin.First they claimed the number is 84million. They delete their post, but can’t delete other people’s quote.
Then they claimed the number is 22million
At last, they claimed there is no unlimited.