SIBCoin (which stands for Siberian Chervonets) is a decentralized cryptocurrency blockchain built for empowering people to spend their wealth privately, quickly, and securely. The SIBCoin blockchain uses Darksend technology which allows users to send anonymous transactions, preventing the tracking of transactions and the amount held in any wallet. Using the InstantX technology, transactions between users are nearly instant and inexpensive (some transactions may even be completely free). There are no intermediaries or third parties on the SIBCoin network which means that users can send money anywhere any time without restrictions. The SIBCoin network is primarily powered by over 5,000 masternodes located all around the world.
SIBCoin (SIB) is the digital coin of the SIBCoin blockchain and it can be sent peer-to-peer anonymously and quickly with low fees.