• Corpus ID: 2236856

Darkcoin : Peer to Peer Crypto Currency with Anonymous Blockchain Transactions and an Improved Proof of Work System

@inproceedings{DuffieldDarkcoinP,
  title={Darkcoin : Peer to Peer Crypto Currency with Anonymous Blockchain Transactions and an Improved Proof of Work System},
  author={Evan Duffield and Kyle Hagan}
}
Darkcoin is the first privacy centric cryptographic currency based on Satoshi Nakamoto's Bitcoin. DarkSend, a technology for sending anonymous block transactions is incorporated directly into the client using extensions to the core protocol. An improved proof­of­work using a chain of hashing algorithms replaces the SHA256 algorithm and will result in a slower encroachment of more advanced mining technologies (such as ASIC devices). DarkGravityWave is implemented to provide quick response to… 
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GPU miners that mine with the X11 algorithm are currently experiencing reduced power usage (up to 50%) and reduced heat generation compared to scrypt
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