Blackcoin

BLK
36.37 % (24hr)

$ 0.0640111022

❝ Blackcoin implements Proof of Stake(PoS) 3.0 and the users holding the coin get an interest on their investment ❞
Market Cap

$ 4.077M

Current Supply

$ 63.7M

Max Supply

$ NA

24hr Volume

242.1K

Proof

PoS

website

Visit

 Blackcoin is a digital peer to peer currency which uses proof of stake consensus mechanism to secure the network. Blackcoin was developed by a Russian developer who uses a pseudonym rat4.

Blackcoin is very similar to bitcoin in terms of utility but is built on a Proof of stakes consensus system. Blackcoin proof of stakes secure the protocol through a process called Minting. Minting is different from bitcoin mining which requires large amount of computing and energy resources.

Proof of stake consensus puts the onus of securing the network on the stakeholders. So larger the coins you have larger will be your weight or stake in securing the network. The basic insight being people who have lot of stake will not want to bring the the network down which will adversely impact the value of their coins.

With proof of stakes as consensus mechanism the standard block time on Blackcoin is 64 seconds much faster than bitcoin

Blackcoin has a 1 % inflation every year so you earn 1% interest on your blackcoins every year. 1 % inflation is the incentive for you to stake your coins.

Key features of Blackcoin

  1. Security : Designed to be ultra secure.BIP66 implemented, Early ones to fix SSL heartbeat.
     
  2. Minimum transaction fee is 0.0001 BLK  
     
  3. Block time target: 64 seconds
     
  4. Inflations : 1 %
     
  5. Maximum Reorganization depth :500 blocks
     
  6. Proof of Stake Block reward : 1.5 BLK +fees
     

Interesting new Features of Blackcoin


  1. Blackhalo: Black Halo is a central exchange and  
     
  2. PayBLK: Open source Blackcoin wallet both desktop and mobile which provides a secure home for your blackcoins.
     
  3. Blacksight: Blacksight is a an open source explorer for blackcoin . It provides REST and web socket based APIs with which wallets can be written and you can query blackcoin blockchain for advanced queries.
     

Key Challenges for Blackcoin


  1. Blackcoin has been around for 3 years plus but has not progressed enough. In the same time Bitcoin has seen explosive growth. Payments as a use case will not have multiple winners so if you are left too far behind it can be an issue.
     
  2. Blackcoin since launch has been trying to too many things which can be distracting
     

Buying Blackcoin Exchanges which Support Blackcoin

Merchants which Support Blackcoin

  1. TorGuard VPN
     
  2. Monovm.com
     
  3. Open Bazaar
     
  4. Overstock.com
     
  5. Finna Tour & Travel
     
  6. Qhoster.com
     
  7. FlokiNET
     
  8. Bitcoin Recarga
     
  9. Key4coin
     
  10. Bitographs.com
     
  11. Brie Host
     
  12. Cryfter
     
  13. WROL.INFO - Survival Supplies
     
  14. Bitcoin Gift Cards
     
  15. Icemodz
     
  16. HireCrypto
     
  17. ShireSoaps
     
  18. PexPeppers Hot Sauces and More!
     
  19. CoinMARKET
     
  20. Aircraft-Photos.com
     

Blackcoin Wallets

Blackcoin is supported by following wallets


  1. PayBlk Wallet
     
  2. Cointo pay web wallet
     
  3. Coinomi Android wallet
     
  4. QT Lore Wallet