BitcoinDark (BTCD) is a decentralized, proof-of-stake cryptocurrency that aims to promote decentralization and security. It integrates InstantDEX, a decentralized trading middleware, allowing users to trade with minimal risk from centralized exchanges. BitcoinDark is open-source, has a fully working product, and operates without the creation of new tokens.
BitcoinDark (BTCD) is a cryptocurrency designed to provide users with complete privacy and anonymity in their transactions. It has several key features that make it distinct from other cryptocurrencies:
Decentralization: BTCD uses a proof-of-stake mining system, which is resistant to centralization and allows for more accessibility.
Anonymity: Privacy is built into the system, ensuring that transactions are anonymous and secure.
Real-time Exchange: BTCD is integrated with a decentralized exchange called InstantDEX, which enables real-time trading of currencies, commodities, and assets.
Key Currencies: Users can "lock" their coins using a pegged asset exchange (PAX) against real-world currencies and commodities, reducing volatility.
Teleport and Telepathy: These technologies anonymize transactions by cloning and exchanging standard denominations of currency, and mask IP addresses and encrypt all communication sent across the network.
To acquire and store BitcoinDark, users can buy and sell it at various exchanges such as Bittrex, Poloniex, Cryptopia, and Bleutrade. The recommended wallet for storage is the BitcoinDark-QT wallet, available on Windows, Mac OSX, and Linux.
To store BitcoinDark (BTCD) tokens, you can follow these steps:
- Download the BTCD Client: Download the BitcoinDark client from the official website and unzip the files using an archiver.
- Run the Executable File: Run the executable file named "BitcoinDark-qt.exe" and wait for it to initialize.
- Create a Wallet: Create a wallet within the BitcoinDark client. This wallet will store your BTCD tokens securely.
- Use the Wallet: Use your BitcoinDark wallet to manage and transact with your BTCD tokens. The wallet includes features like instant distributed transactions and exchanges, allowing you to trade a wide range of currencies and blockchain assets in real-time.
To buy BitcoinDark (BTCD) tokens, follow these steps:
- Choose an Exchange: BitcoinDark can be bought and sold at several exchanges, including Bittrex, Poloniex, Cryptopia, and Bleutrade.
- Create an Account: Sign up for an account on the chosen exchange.
- Fund Your Account: Deposit funds into your exchange account using fiat currency, credit card, bank transfer, or another cryptocurrency.
- Find BTCD: Locate BitcoinDark (BTCD) on the exchange and select it for purchase.
- Place an Order: Enter the amount of BTCD you want to buy and confirm the order.
- Store Your BTCD: You can store your BTCD tokens on the exchange or download a BTCD client wallet, such as BitcoinDark-QT, for secure storage.
Please note that BitcoinDark is no longer supported by its developers and has been largely replaced by Komodo (KMD).