Market Data & Token Stats
| Fully Diluted Valuation | $2.05M |
|---|---|
| 24H Trading Volume | $0 |
| 24H Low / High | $0.02000 / $0.02051 |
| Circulating Supply | 64.15M |
| Total Supply | 100.00M |
| Max Supply | ∞ |
Key Project Information
| Categories | Proof of Stake (PoS) 2 more |
|---|---|
| Founder | Anonymous |
| Website | blackcoin.org |
| Socials | 4 more |
| Chains | Binance-smart-chain Ecosystem |
| Explorer | Cryptoid 3 more |
| Contracts |
0xd2c....6e1d3
|
OGAudit Security Evaluation & Social Audit Metrics
OGAudit Coin Evaluation Metrics
BlackCoin (blk) Expert User Reviews
Is BlackCoin safe or a scam? Read verified Crypto OG reviews about BlackCoin
$blk Markets
| Name | Pair | OG Score |
|---|
About BlackCoin
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.
What is unique about BlackCoin (BLK)?
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.
Who are the founders of BlackCoin (BLK)?
BlackCoin was launched by an anonymous team and details about the specific founders are not publicly disclosed.
What is the consensus mechanism of BlackCoin (BLK)?
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.
Where can I buy BlackCoin (BLK)?
Freiexchange, StakeCube
Information in this section carefully collected and curated from publicly available data from official sources, including the BlackCoin Official Website, BlackCoin GitHub Repository and BlackCoin X (Twitter) Account.
The information presented on this page is created and published by the OGAudit Editorial Team for educational and informational purposes. It should NOT be construed as an endorsement, or as legal, or investment advice. If you believe any content on this page is outdated or incorrect, please feel free to contact us for updates and corrections.
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