The official Sibcoin wallet for Android enables one to interact with SIB platform and coins on mobile devices without compromising security, anonymity, and speed.
* Send SIB within the platform using manual input or pre-generated QR codes
* Check the account balance, transaction history, and current exchange rates against popular fiat and crypto currencies in the same interface
* Use your wallet across different devices with the support of importing/exporting key sets
* Buy and sell Sibcoins with a plastic card without leaving the app.
Safety and anonymity
After each new successful incoming transaction the wallet automatically generates a new pair of public/private keys retaining maximum anonymity and privacy. Additionally, all keys are stored locally and are never broadcast: the private key does its job within the device during transaction formation and cannot be determined from data sent online.
Thanks to InstaSend service, transactions in Sibcoin network are processed nearly instantly. Each new transaction is separately verified by a group of automatically selected masternodes and broadcast only only when the majority of them confirms it.
Contradicting operations are blocked and not included in the general ledger which excludes any double spending. The standard mechanism of block confirmation in the main net, which takes longer, is applicable only when masternodes cannot reach any consensus.
About the project
Sibcoin is a cryptocurrency platform based in Russia using Dash blockchain. Sibcoin’s decentralized network enables one to send SIB between any two places on Earth in a safe and anonymous environment with minimum fees and confirmation time.
The absence of intermediaries effectively reduces delays and cost of processing. InstaSend technology applied in Sibcoin and developed specifically for Dash blockchain ensures maximal speed of transaction processing.
Security in Sibcoin is enforced by duly certified encryption algorithm Streebog and the network’s two-tier architecture. Privacy is ensured by Darksend, a technology that makes tracing any particular coin or data impossible, be it wallets, operations, or even IP addresses.