BitcoinDark is a community driven project that aims to fulfill the original ideals of cryptocurrency: decentralization, openness, and anonymity

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ACCESSWIRE / August 17th, 2014 / Next generation anonymous cryptocurrency BitcoinDark will implement the primary innovation of Teleport technology to ensure privacy through off-blockchain transactions. In line with the original idea behind Bitcoin, BitcoinDark aims to create a decentralized currency and payment system – however the evolution of BitcoinDark will encompass much more – supporting decentralized trading, a P2P asset exchange and constructive collaboration across the cryptocurrency ecosystem as a whole.

BitcoinDark’s exclusive anonymous teleport technology will also make Bitcoin itself fully anonymous. BitcoinDark is already available for trading on cryptocurrency exchanges Bittrex, Atomic Trade, Cryptsy and Poloniex.

Infrastructure is under construction that will have the capabilities to turn any other cyptocurrency anonymous using BitcoinDark’s open source Teleportation technology. BitcoinDark is a peer-to-peer Proof-of-Stake cryptocurrency. 1.2 million BitcoinDark coins were mined during the PoW phase. With 5% new coins per year from staking, it will take until the year 2020 to reach 1.5 million coins. With an ultimate maximum of 22 million coins, BTCD will generate 5% annual staking revenue for holders for more than 60 years. In addition, BTCD holders will earn revenue from InstantDEX and Teleport fees: BitcoinDark is the only cryptocurrency that will reward holders with income denominated in Bitcoin.

The BTCD team will not only build the infrastructure to support other coins to use the teleportation system: they are also planning a collaborative cryptocurrency super network. The network will give coin developers access to all of BitcoinDark’s cutting edge tools such as the being able to trade on decentralized exchange InstantDEX, run tradebots for their coin, auto convert bridges to get their coin accepted anywhere BTC is accepted, and earn dividends from InstantDEX. In this way BitcoinDark is not just a cryptocurrency; but a movement aimed at giving back to the wider cryptocurrency community:

“I want to openly reach out to other coins to join BTCD revolution. I am making libjl777 that can be integrated into any coin in a few days and this will allow the creation of a super network that will dramatically increase privacy levels, not to mention InstantDEX trading volumes and revenue sharing that will be earned by these other coins. BTCD will help other coins teleport for a minimal fee and it is quite possible that with the revenue sharing that they would actually get paid for integrating into BTCD network!” explains BTCD head developer jl777.

BitcoinDark’s open source tools can be used by cryptocurrency developers and enthusiasts to write node specific tradebots, encrypted communications, access to website APIs and any coin’s RPC interface. As the tradebot is coded in C, millions of programmers know the tradebot language and can easily utilize this tool.

Anonymous teleporting of funds occurs off the blockchain but is verified using the blockchain – utilizing the benefits of a public record without leaking any personal information. BitcoinDark uses an implementation of the Teleport idea to enable trustless private transactions; teleport transmits funds via telepods by transporters. All information needed to spend funds is included in the telepod and sent via the encrypted network to the destination – the telepods are then cloned and passed around to ensure that commerce can be conducted in private.

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