Cryptocurrencies, especially Bitcoin, are widely used as a means of transferring value and making transactions without the need for an authoritative and central intermediary.
Bitcoin has many advantages and disadvantages, which we will discuss below.
We are looking for a cryptocurrency that can keep the advantages of Bitcoin and eliminate its disadvantages.
Why do we choose Darik?
Advantages of Bitcoin:
Bitcoin is the first decentralized cryptographic digital currency in the world, enabling fast and low-cost transactions without intermediaries. Its advantages include transparency, reduced fees, liquidity, decentralization, privacy, and broader accessibility.
Disadvantages of Bitcoin:
Bitcoin also has downsides, such as high energy consumption, environmental impact, and lack of clear support. The irreversibility of transactions can increase the risk of loss, and cyber threats can affect users and adoption.
Darik's Idea
The idea was initially formed in 2021 with the aim of solving two important problems of Bitcoin.
Bitcoin has high energy consumption and negative effects on the environment. It also faces the problem of not having definite support.
Darik has a fixed supply of 21 million units. Based on its supply process, it cannot be frozen and remains permanent at the same fixed number.
Fixed Supply
Unlike many cryptocurrencies, Darik is supported. Individuals and legal entities can pledge their shares in exchange for receiving Darik.
Supported
Tradable on Exchanges
Darik can be traded on exchanges where it is listed (or will be listed). These transactions are intended to take place with full security.
Features of Darik
Maintaining Decentralization
The most important challenge was maintaining decentralization while solving key weaknesses of Bitcoin. This was addressed by proposing practical solutions to preserve decentralization.
Support and Ownership
According to Darik's white paper, individuals can pledge shares as collateral and receive an equivalent value in Darik. In this model, Darik is backed by pledged value rather than mining, reducing environmental impact. It also introduces a new market function for shareholders to convert shares into tradable crypto assets.
Darik's Function
One downside of Bitcoin is its association with illegal activity due to anonymity. Darik aims to focus on legitimate commerce use-cases, such as delivery and settlement at destination, reducing exposure to extreme price volatility and ensuring traded goods remain authorized and compliant.
Development Plan
The proprietary blockchain has been under development for 14 months to preserve the strengths of existing blockchains while reducing their weaknesses.
Darik Contract Address
Darik Price Outlook
The price objective is to synchronize with the price of Bitcoin.
Until backing is established, Darik will not be broadly available (according to the white paper). When backed, the information is expected to be transparent on the blockchain.
It is expected that within the next three years, the price of Darik may align with Bitcoin, and one Darik could equal one Bitcoin.
Transparency and honesty are the top priorities of Darik's team.
The conclusion and judgment are left to the audience.
