What is Sibcoin?
In this post I will tell you that it is the cryptocurrency Siberian Chervonets, better known Sibcoin (SIB).
Sibcoin was born in 2015 with the need to send remittances between the inhabitants of Russia and Ukraine. The cryptomoneda uses the Dash source code, incorporating a series of additional algorithms with encryption technology specially designed by Russian cryptographers
The creators of Sibcoin claim that it has characteristics very similar to the rest of the digital currencies in circulation, except the fact that their development is directed by people residing in Russia, who in theory know better the needs of the citizens of the country
The use of the cryptomoneda is completely private and decentralized, allowing international transfers in real time at low cost, guaranteeing the security and integrity of the operations loaded in SibCoin Blockchain.
The digital currency already has programs and applications designed for the storage of assets, among which the most outstanding is the purse called "Siberian Chervonets".
Another point in favor of Sibcoin is that its application in Google Play has a valuation of 4.7 points. Although it has only 1000 downloads, its valuation is very high.
One way to get Sibcoin is through mining, which can be done with a desktop computer through a specialized software company. Through this method the miners make available to the network processing power for transactions (HASH), while generating new Sibcoin units.
Sibcoin has a market capitalization of just over 17 million dollars, ranking 150 in the world ranking.
At the time of writing this post is around US $ 1.15, after having brushed the two dollars a few days ago.
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