A collaborative network of businesses and organizations aiming to construct a universally recognized identity verification system. Leveraging blockchain technology, DIF establishes a decentralized system that eliminates the need for a centralized authority in identity verification.
A shared list of transactions that is stored on each computer running blockchain software.
Dispersal of resources, control, or ownership among multiple users or across different geographical locations, avoiding centralized control.
Decentralized Autonomous Organization (DAO). An organization governed by smart contracts, established to allocate funds to various cryptocurrency projects.
Value transfers that are too small to be sent due to the comparatively high fees associated with them.
Delegated Proof of Stake (DPoS). A consensus mechanism where nodes within a blockchain participate in voting to determine the valid version of the blockchain.
A cryptocurrency holding tax that promotes coin spending by continuously reducing the coin supply through destruction.
Portions of the Internet that are not easily accessible through conventional means such as search engines.
KyberNetwork feature that ensures ample liquidity by maintaining reserves of various cryptocurrencies and establishing exchange rates, enabling users to effortlessly trade between different cryptocurrencies.
If you are interested in financial privacy and freedom, it may be beneficial for you to learn about Darksend. Darksend originated from coinjoin, an anonymity feature initially implemented in Bitcoin, which eventually evolved into its own concept.
Darksend is a further development branching off from coinjoin, utilizing the Darkcoin network to facilitate coinjoins between coins for enhanced privacy. There are speculations that if Darksend becomes open source, it could potentially be integrated into Bitcoin with some minor modifications, subject to agreement among core developers. These modifications would not require a hardfork but would involve masternodes, who are paid by those participating in coinjoins, utilizing the darksend feature.
To become a DarkSend masternode and validate transactions, it is important to note that you need to hold 1000DRK. Masternodes receive 10% of the block reward from each new block, creating a balanced reward system in the long run. However, some concerns have been raised about this reward system, as it relies on trusting that a user running a DarkSend masternode is not compromising trustless verification.
Consider the bandwidth costs associated with running a masternode. In this regard, DarkSend would work better if masternodes were paid by the participants they assist in coinjoining, or if a decentralized collaboration without masternodes was established.
As with any new technology, there are advantages and disadvantages. It is crucial to conduct your own thorough research beyond this introductory explanation to optimize your experience and utilization of Darksend.