With a market cap of over $6 million, ShadowCash has grown to be one of the most successful cryptocurrency in the market. It is a decentralized curren
With a market cap of over $6 million, ShadowCash has grown to be one of the most successful cryptocurrency in the market. It is a decentralized currency akin to Bitcoin and is hence trusted by a large number of people. While Bitcoin has a public ledger to avoid double transactions and other frauds, ShadowCash maintains much higher privacy.
ShadowCash uses different security measures such as traceable ring signatures and dual-key stealth addresses to avoid frauds and maintain safety in their transactions. The transactions are untraceable and the company’s tagline itself states ‘buy sell, trade, chat… leave nothing but a shadow’. The transactions are also done almost instantly and without many passwords or glitches.
The Shadow network is not owned by anyone but it is controlled by the users. For better compatibility, it is advised by the developers that people doing transactions have the same version of Shadow App running on their devices. The developers consistently improve the Shadow App software as per the requirements of the users but people can freely choose the version which they want to run.
People can buy and sell ShadowCash on various platforms such as Bittrex, Poloniex, etc. and easily convert it into Bitcoin as well. ShadowCash is like any other digital currency and has not been regulated or banned by any government agency in particular, although there is a strict ban in a few countries on foreign currencies. People can also mine ShadowCash through different sources and earn money through becoming a distributor. Shadow has made its source code available for the public and anyone who finds a bug in the code is rewarded with ShadowCash converted from a bounty award in dollars.
The Shadow has an open source which is developed mostly by volunteers and the project is hosted on GitHub. Anyone who can code is welcomed at the ShadowCash community and credits are given for their contribution. People can find other basic info and contact information regarding ShadowCash on http://shadowproject.io/ which is project’s official website.