BlackCoin is a 2014 cryptocurrency that uses a proof-of-stake system for fast, eco-friendly transactions. More
| Fully Diluted Valuation | $4.51M |
|---|---|
| 24H Trading Volume | $1 |
| 24H Low / High | $0.03 / $ 0.05 |
| Circulating Supply | 63.69 M |
| Total Supply | 100.00 M |
| Max Supply | ∞ |
| Categories | BNB Chain Ecosystem 2 more |
|---|---|
| Founder | Anonymous |
| Website | blackcoin.org |
| Socials | 4 more |
| Chains | Binance-smart-chain Ecosystem |
| Explorer | Bscscan 4 more |
| Contracts |
0xd2c....6e1d3
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| Name | Pair | OG Score |
|---|
BlackCoin (BLK), launched in 2014, is a cryptocurrency designed to offer fast, secure, and eco-friendly transactions. Unlike many other cryptocurrencies, it uses a proof-of-stake (PoS) system, which is more energy-efficient than the traditional proof-of-work (PoW) systems.
Proof-of-Stake System
BlackCoin’s PoS system allows users to validate transactions and create new blocks by "staking" their coins. This method reduces the need for energy-intensive mining and helps keep the network decentralized. The more BLK a user holds and stakes, the more likely they are to be selected as a validator.
Security Measures
BlackCoin was created to address potential security issues in PoS systems. To improve security, BlackCoin developers removed coinage from the staking process, changed the stake modifier, and introduced a hash function. These changes help prevent attacks and ensure the network stays secure.
Fast and Private Transactions
BlackCoin offers near-instant transactions with low fees. The platform also provides a degree of anonymity, making it appealing for users who prioritize privacy.
Community and Development
BlackCoin is supported by an active community and open-source developers who continuously work to improve the platform. Key contributors like BlackcoinDev, expatjedi, and lateminer help maintain and advance the project.
Conclusion BlackCoin is an energy-efficient cryptocurrency that aims to provide secure and fast transactions. Its PoS system, combined with strong community support, makes it a unique option in the digital currency market. As with any investment, users should research thoroughly before getting involved.
BlackCoin stands out for its use of a proof-of-stake (PoS) system, which offers a more energy-efficient alternative to traditional mining methods and enables fast, low-cost transactions.
BlackCoin was launched by an anonymous team, and details about the specific founders are not publicly disclosed.
BlackCoin has enhanced its proof-of-stake protocol by addressing security issues through changes like removing coinage, modifying stake modifiers, and using hash functions to ensure network safety and reliability.
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