THE DEEPWEBCASH BLOCKCHAIN IS LIVEThe first DeepWebCash client has been released, and is currently available as a command-line tool for Linux. Visit our download page to try it out UPDATE
UPDATE
- We forked a mining software nheqminer from nicehash , adding the anomaly detection mechanism, the abnormal circumstances miner will automatically restart.
- Github address:https://github.com/deepwebcash/nheqminer
- You can also download the executable version on windows.
- There will be a exchange list DWC NEXT WEEK.
NOTICES
- Because most of the miners response that GPU mining program can not mine the DeepWebCash, we decided to use ZCash mining algorithm in November 11th, which you can directly access a variety of zcash mining software for DeepWebCash mining pool.
- Our team is working on the development of online wallet and exchange docking, there will be good news very soon.
- DeepWebCash mining pool is now live ! Try it out!
http://119.254.97.137/pool/DWC/
WHAT IS DeepWebCash?
Offers total payment confidentiality, while still maintaining a decentralized network using a public blockchain.
Transactions automatically hide the sender, recipient, and value of all transactions on the blockchain.
Only those with the correct view key can see the contents.
Users have complete control and can opt-in to provide others with their view key at their discretion.
DeepWebCash transactions do not depend on the cooperation of other parties.
HOW DOES IT WORK?
Uses a novel cryptographic method to verify payments.
Uses a zero-knowledge proof construction called a zk-SNARK.
These constructions allow the network to maintain a secure ledger of balances without disclosing the parties or amounts involved.
Instead of publicly demonstrating spend-authority and transaction values, the transaction metadata is encrypted and zk-SNARKs are used to prove that nobody is cheating or stealing.
TECHNOLOGY
DeepWebCash is a decentralized and open-source cryptocurrency that offers privacy and selective transparency of transactions. DeepWebCash payments are published on a public blockchain, but the sender, recipient, and amount of a transaction remain private.
DeepWebCash is based on peer-reviewed cryptographic research, and built by a security-specialized engineering team on an open source platform based on Bitcoin Core's battle-tested codebase.
The improvement over Bitcoin is the addition of privacy. DeepWebCash uses advanced cryptographic techniques, namely zero-knowledge proofs, to guarantee the validity of transactions without revealing additional information about them.
Zero-knowledge proving scheme makes it possible to conceal values and other identifying information from the public blockchain.
Users simply prove that the values balance out and that they are not double-spending the amount they want to send.
REWARD STRUCTURE:
100% goes to miners
2.5 minute block times, 12.5 DWC per block
(so the same 50 DWC per 10 minutes as Bitcoin)
During the first ~month, the block reward ramps up linearly from 0.005(ish?) DWC to 12.5 DWC
(the mining slow start)
The DeepWebCash is a fork of ZCash. There is no exchange and the pool now, we are looking for organizations to build the pool, hoping to get your support.We have already set up the blockchain explorer, and we will keep updating the progress of the DWC down here. Want more details? Have ideas? Welcome to contact us, here is the Email address: [email protected] Come on in!