In early 2017 SibCoin’s masternode network volume surpassed that of its the coin that spawned it (Dash) and the gap continues to stretch wide open. The question is – how did this mighty Russian bear fly right under the radar of the cryptocommunity?
Emerging out of Russia’s heartland Sibcoin has garnered massive support in the national crypto-community and became the coin of choice for thousands of fans.
Siberia is Russia’s legendary treasure trove, yet denizens of this rough land, just like the rest of the country, often do not feel like their living conditions fully reflect their input in the economy.
Blockchain is seen as a solution to corruption and bureaucratic inefficiency by many. But due to insular political views and general mistrust towards big ideas coming from the West, most Russians up to this time were not ready to trust bitcoin easily and needed something familiar and relatable to introduce them into the world of blockchain. And thus Siberian Chervonets (SibCoin) was born.
SibCoin is a Dash fork, employing additional encryption algorithms devised by Russian cryptographers. First block was mined on May 2015, coin’s adoption growing rapidly ever since.
It is is striving to become the driving force behind the consolidation of the Russian Blockchain community. Frequent community meet-ups are held in every large Siberian city and a score of cities in western Russia and neighbouring countries.
For additional information visit their official website at http://sibcoin.org/en/