Review on BitcoinDark by Fabrizio Zampieri
Tthe team has developed the InstantDEX protocol, which allows for the instant…
Tthe team has developed the InstantDEX protocol, which allows for the instant and decentralized exchange of BitcoinDark with other cryptocurrencies supported by the project. This feature is built into the main BitcoinDark wallet client for desktop users, and also supports pegged assets, securities, and even share indices.
Recently, it seems BitcoinDark has been “absorbed” by the Komodo project, even though BitcoinDark is still listed as a separate currency on CoinMarketCap with a current value of US$44.
Only time will tell if this project is still viable in a few months, but for now, to invest in this currency it's a risky game..
Pros
- Unlike Bitcoin, BitcoinDark also supports proof-of-stake. Users who stake their coins will be rewarded in the form of revenue generated by the decentralized exchange protocols. All of this revenue is paid out in the native BTCD currency on a regular basis. In my opinion the “integration” with Komodo will change things for the better.
Cons
- BitcoinDark touts its Pegged Asset Exchange, or PAX. This platform allows users to buy and sell pegged assets – including fiat currencies, commodities, ETFs, and stocks – in a decentralized fashion. Unfortunately, it seems this tool was never finalized. Such a platform certainly has a lot of merit, but it’s evident the development of BitcoinDark has hit a bit of a roadblock in recent months. To this day, there is no online or physical store dealing with BitcoinDark payments, nor will that situation change given that the future of this project is in question. It is evident BTCD is mainly a speculative vehicle as of right now, as there isn’t much else to this project. Lack of communication (there isn’t even a BitcoinDark website).
