The past two weeks have seen the meteoric rise of anonymous altcoins, digital currencies which leverage specialized network technologies to conceal both the source and identity of those conducting transactions.
Darkcoin, x11coin (XC) and monero are a few altcoins that have seen big increases in attention from investors, traders and crypto-enthusiasts.
Earlier in the week, a rivalry of sorts began between the communities of darkcoin and XC which unfortunately took a turn for the worse as allegations of stolen or misrepresented code elements surfaced on Twitter and the Bitcoin Talk forum. Others questioned why the developer opted to keep some elements of the XC code private during development.At the center of the argument was a tweet from the official darkcoin Twitter account, which linked users to the Bitcoin Talk post containing the allegation that XC’s developer had appropriated elements of fedoracoin.
Some users quickly posted condemnations of the post, suggesting that members of the darkcoin community were intentionally sabotaging XC. Others defended the decision to use the official account to share the link, deeming it an effective method to force transparency in an ecosystem rife with fraudulent behavior.
The event triggered a broad sell-off in the price of XC, which fell from from an average of $2.70 to $1.40. At press time, the price of one x11coin was approximately $0.83.The XC developer took the Bitcoin Talk forum and denied allegations that the code employed was appropriated from the fedoracoin code. There have been calls for independent reviews of the code, as well as a push for more information as to why the accusations emerged in the first place.
The developer has announced that the forthcoming edition of XC’s Windows wallet demonstrates the anonymizing technology. Testing of this version is currently under way.
Darkcoin dives
Darkcoin’s prolific rise, which saw its value increase ten-fold in just a few weeks, has come to a crashing end, dropping in price from $15 to $6 since the beginning of the week.The reason for such a swing essentially comes down to the growing pains of a nascent network. A bug in the code which facilitates anonymous transactions resulted in payments being disrupted and exchanges freezing trading earlier this week.
This led to a large-scale sell-off amongst the darkcoin community, due to concerns about the structural integrity of the network.
“This was either due to an intentional attack on the network or an issue with the masternode payments system,” darkcoin developer Evan Duffield said in a blogpost. “In either case we have a solution for masternode payments that will be safe for the network in the future.”
source: http://www.coindesk.com/darkcoin-duel-xc-demise-mcdogecoin/ & http://www.ibtimes.co.uk/cryptocurrency-news-round-mtgox-bots-caused-bitcoin-bubble-darkcoin-dives-1450415
Darkcoin VS x11coin
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