Ukrainian anonymous cryptocurrency Karbo enters TOP-10 of world, - mass media

Source : 112 Ukraine

According to expert, 'as for today, Karbo is possibly most underrated cryptocurrency in the market'
14:18, 22 May 2018


The cryptocurrency Karbo worked out by the Ukrainian programmers has entered TOP-10 of the world cryptocurrency with high anonymity.

'It works on the Crypto Note protocol and it is one of the few cryptocurrency that allows to hold absolutely anonymous and untraceable transaction', BitcoinNews and Coinmarketcap reported.

Related: How Ukraine became the Wild East of cryptocurrencies

Karbo was released in May 2016. Its rate has grown from 0, 0058 to 0, 56 for Karbo or in 97 times in two years. The current capitalization of the cryptocurrency is $3, 2 million.

'The increasing demand and capitalization growth of Karbo result from the unique features of its code. Unlike the well-known cryptocurrency Karbo as well as Monero and Dash create the narrow family of the cryptocurrency. Bitcoin 2.0 focusing on the increased anonymity. The Karbo transactions are faster in few times in comparison with other cryptocurrencies. The algorithm complexity of Karbo was used during the work out of Bitcoin Cash', Roman Kuzyuk, the expert of the bank and corporate law explained.

Related: From crypto currency fever to drones: Innovative technologies of 2017

If the sum in Bitcoin-pocket and its transactions' history is public, then Karbo keeps the data in secret not only for users but also for miners. All Karbo coins are standardized and do not keep the information of their turn. The system creates the dozens of the one-time pockets where the divided sum of the transition is sent and then the sum will come all together to the destination point with the help of the random algorithm.

'In comparison with Monero and Dash, Karbo keeps the lowest commission at the market, regardless the sum of the transaction. Also, Karbo works at Android and the synchronization of the 'light' pocket does not take more than three minutes', Kuzyuk said.

According to expert, 'as for today, Karbo is possibly most underrated cryptocurrency in the market'.

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