Darkcoin Still Succumbs to Network IssuesJun 26, 2014

Darkcoin

Darkcoin

Darkcoin’s anonymous transaction system has failed to improve after its recent launch as an attempt to fix network issues, causing its price to plummet and making transactions risky.

Known for its emphasis on privacy, Darkcoin suffered last month from significant problems within its network’s central structural component, which forced an emergency fork. Darkcoin’s solution, however, was bugged, which caused more forks, resulting in payment problems and frozen trading.

The second attempt to launch the masternode system, which is responsible for making the transactions anonymous and untraceable, unfortunately experienced the same setbacks.

“Since launching the masternode payments a few intermittent forks have popped up on the network,” said Darkcoin developer Evan Duffield. “This is not as serious as last time, but is still a concern for the Darkcoin network, so we’re reverting the changes for the time being while we discover the cause and do further testing.”

The latest failure still had a negative effect on the Darkcoin price, though, with its value falling below $10 after its $12 recovery when news about the hard fork surfaced.

According to reports, the development team responsible for solving the issue is open to anyone who wishes to provide assistance in the testing and deployment process for the masternodes. In fact, two new members have already been added to the team.

While the efforts to fix the network problem are publicly discussed on the Darkcoin Talk forum, this unfortunate event is greatly affecting its markets, especially the online gambling sector, which has the potential to drive the altcoin to success as it had done to Bitcoin via the Bitcoin casino industry.

With the risks involved in sending and receiving darkcoins, online bettors in Bitcoin gaming platforms that also accept this alternative cryptocurrency may have to resort to using bitcoins instead to wager on Bitcoin games.

Until a stable remedy for the Darkcoin network’s issues have been implemented, casino enthusiasts may heed the advice to make transactions to avoid possible disrupted payments.