Coin Reviews by BTC-Thailand
Here you can find our Coin Review for Shadow Coin. To understand how we rank a crypto coin please read here. We are always open to suggestions and feedback in our comment box below or via our contact form.
Fundamentals & Roadmap (Start: 7 Points)
Developer & Audit (Start: 5 Points)
ShadowCoin [SDC] is lead by a developer named Ryno (South Africa). Ryno has been face verified by his South African picture identification, personal Facebook, and personal LinkedIn profiles. Ryno has also submitted his personal email, Google Plus, and personal cell phone number.
Ryno states that he has been doing full-time crypto development for a few months, but owns an IT company as well. Ryno also stated that he has 10 years of coding experience in many programming languages.
Ryno has worked with Cinnicoin. He has stated that he fixed their staking bug, as well as helping to write the encrypted messaging framework. Ryno is the only one with access to the GitHub repository and has attached a screenshot of being logged in.
Ryno has stated that he is known in IRC as both rynomster & sdcdev and that is the best way to contact him. Ryno and I have been in contact over email solely. There has been no face-to-face contact with Ryno and there has not been any video chatting. With the above information along with other personal information that I have gathered about the developer of ShadowCoin [SDC] the following rating of 4 PODs has been given.
Marketing / PR & Community (Start: 5 Points)
There was a complete Rebranding in the beginning of this month:
ShadowCash is active on Twitter, Facebook and Reddit.
Moreover ShadowCash has a nice clear looking website where you can download the up-to-date wallets.
I am missing a bit more Marketing activity and more Developer updates at ShadowCash, here I think the coin can improve a bit in the communication of the development process (smaller updates, more frequently)
But therefore ShadowCash is quite active in PR and has some articles on CryptoCoinsNews.
I personally like the community from ShadowCash because I have nice talks with people in the IRC #Shadowcash on Freenode.
I think the community is small but strong and there is less fud at Bitcointalk than at other coins.
A lot of stuff is going on at Shadowhangout , the own ShadowCash board where the community discusses a lot of things.
Innovation & Delivery (Start: 5 Points)
16/09/2014 – Shadowlite , new UI
19/08/2014 – Realese of ShadowGO (IOS)
12/08/2014 – Release of ShadowGO (Android) – Fully Mobile Wallet with Stake, Shadowchat and Send
30/07/2014 – Transition from Proof-of-Word to Proof-of-Stake + Shadowchat
What's next for Shadow Cash?
Shadowchat Update: Voice, Video and File Support – so you can think of a Skype 2.0 with Privacy function
zK-Snark Implementation (read more here)
What is a fair price in this crypto world?
No one really knows but we can look at similar coins and similar market caps. Moreover we can look at technical trading analysis.
At the moment the Price of one ShadowCash Coin is around 25.000 Satoshi.
Where is the ride going for ShadowCash?
Good question I think in mid-term the coin can grow to one of the TOP 30 Coins in the Crypto World. This would mean a Marketcap of nearly 3.500 BTC what would mean a price of 50.000 Satoshi.
It depends all what comes after the zk-snark Implementation. The what? Trollsroyce simply explained it what can come after this new GUI:
The release of the new lite wallet functionality and GUI are major cornerstones for ShadowCash. The next phase for the wallet is optimizing Shadow’s API and documenting it for new devs and entrepreneurs. Designing the next generation of zero knowledge privacy applications will require proper documentation. After the zero knowledge and ShadowChat updates are released, it’ll free up time for that. Eventually, what you’ll see are Core applications like ShadowChat built by the Shadow team and community applications like the sample Poker app. Similar to Facebook core apps like messenger and Facebook developer apps like FarmVille.
If Shadow Cash becomes mainstream to develop zero knowledge privacy applications we can expact a new TOP 20 Coin, but first the Developer has to deliver in the next weeks.
Looking at some fundamentals we can see a market cap of 1783 Bitcoins and an available supply of 6.400.000 Coins Marketcap: Shadow Cash has at the moment a market cap of 1783 BTC on place 44 in the Coinmarketcap list. So this coin already reached the TOP 50 of all Cryptocurrencies and cannot seen as completely undervalued (which I assume to promising coins not ranged in the TOP100) To compare other Coins: Guldencoin (73) , Gameleaguecoin (66), Anoncoin (51) , Stealthcoin (38), Viacoin (32), Vericoin (27), Xcurrency (18)
What do you think about Shadow Cash? Write your thoughts in our comments below after our final Rating.
Shadowcash Coin Review was originally published on BTC Thailand
