Bitcoin Dark is forked from NovaCoin as a decentralized Cryptocurrency to deliver remarkable privacy as well as secrecy for P2P transactions. Bitcoin Dark also bears the distinction of supporting ASIC mining that leverages special purpose mining hardware for an enhanced mining efficiency as compared with mining with help of Graphic Processing Units or Central Processing Units.
Everything about Bitcoin Dark is going to be perceived as history due to its shift to Komodo beginning from October 2016. Bitcoin Dark was established in 2014 to address the need to have decentralized and disrupting digital assets. It was forked from Novocoin by its developers who wished to comply with morals of Cryptocurrency for creation of a decentralized system for digital payments. BTDC went a step ahead to facilitate asset exchanges, direct P2P trading, and private sports betting among others.
Bitcoin Dark empowered users with help of two unique attributes of Telepathy and Teleport. Telepathy is associated with encryption of communications that are sent across networks while Teleport facilitates fund transfer secrecy by cloning of standard currency denominations for their exchange.
It was felt by the lead developer of Bitcoin Dark that it deserved a long term platform to exploit future opportunities in the domain of Cryptocurrency and to address challenges of digital environment. Komodo was identified as the ideal platform which is backed by the same lead developer. Presently Bitcoin Dark is left to run on its own blockchain and it is not supported by any developer.
One of the main objectives of Komodo platform is to secure third party blockchains apart from building robust privacy features for gaining a better stability in payments that feature direct peer to peer exchanges. Komodo functions as any other digital currency because it supports conversion into 32 types of stable currencies. All these currencies are backed by their individual block chain and feature stability of value by pegging to local currencies.
Thanks to a successful process of Initial Coin Offering, swapping of BTCD for Komodo coins has resulted in conversion of almost eighty percent of BTCD supply to Komodo. Approximate equivalent of a single Bitcoin Dark is 50 KMD. The swapping process is expected to continue till the beginning of 2018.
Bitcoin Dark is supported by Poloniex and Bittrex. However, since the total supply of BTCD is dwindling due to the ongoing swapping process, there is hardly any market for Bitcoin Dark.
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