Darkcoin is the former name for what is currently known as Dash. It was originally launched as XCoin in 2014 by Evan Duffield and rapidly became a top ten crypto asset. Darkcoin is also a name for a totally anonymous cryptocurrency allowing traders to stay private even when using exchanges. The name is often associated with the dark net where anonymous crypto coins are regularly used to make purchases. Dash, or Darkcoin, is very similar to bitcoin, however transactions are totally anonymous as it employs a combination of several encryption algorithms. To achieve this high level of anonymity the platform uses several services such as ‘Darksend’, ‘Privatesend’ or ‘Instantsend’ payment networks. There are also a number of dedicated exchanges for trading darkcoin and other anonymous cryptos. The latest darkcoin news can be round right here at Bitcoinist where we cover all the updates and price analyst of the leading anonymous crypto assets.