About BlackCoin
BlackCoin started of as a Proof of Work coin but has evolved to a unique version of Proof of Stake. Wallet users can unlock wallet for staking only. BlackCoin features the following specifications: - Extremely secure: Among first with fix on SSL heartbeat, Transaction malleability, BIP66 - The probability to sign a block and the block reward does not depend on coinage (anymore). - Recommended confirmations: 10, maturity: 500 - Minimum transaction fee: 0.0001 BLK - Defined block time target: 64 seconds - Max reorganization depth: 500 blocks - Inflation: about 0.95%. - PoS block reward: 1.5 BLK + fees - The accumulated reward is proportional to the total balance and the time of staking. 24/7 staking at current network weight leads to an expected reward ratio (interest rate) of about 5%. - BlackCoin rewards users who supports the blockchain through continuous staking.
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Trading Insights
Searched
4
Market Stats
Market Cap
₹313.78M
-2.59%
FDV
₹313.78M
Circ. Supply
64M BLK
Max Supply
Not enough data
Total Supply
64M BLK
Diluted Valuation
₹450.05M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
₹8.35K
969.81%
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
₹113.04
Price Change (1Y)
64.82%
Additional details
Recent trends
The latest BLK price is ₹4.72. Compared to BlackCoin's value of ₹4.79 from 24 hours ago, there's been a -1% decrease, while the current price is -2% down from ₹4.80 which was recorded one week ago. BlackCoin's all time high is ₹113.04, which was reached on January 7, 2018. This is a -96% change from its price today.
The market cap is currently ₹313.78M, which is a result of multiplying the current price of BlackCoin(₹4.72) by the total supply(63,555,303 BLK). The fully diluted valuation of BlackCoin is ₹313.78M. The diluted valuation of BlackCoin is ₹313.78M.
Market details
BLK vs markets
↗ 19.78%
BLK vs BTC
↗ 2.08%
BLK vs ETH
↗ 138.77%
Tags
pos
scrypt
Network & Addresses
Network | Address | |
|---|---|---|
BNB Smart Chain | 0xd2cDfD5d26dfA1D11116B9ED7DBd7C6B88C6e1D3 |
Price history
Time | Price | Change |
|---|---|---|
Today | ₹4.72 | ↘ 1.25% |
1 Day | ₹4.79 | ↘ 1.25% |
1 Week | ₹4.80 | ↘ 2.25% |
1 Month | ₹4.78 | ↘ 7.50% |
1 Year | ₹2.76 | ↗ 64.82% |
FAQ
BlackCoin aims to be a secure, anonymous payment system capable of processing transactions in seconds. The cryptocurrency aims to facilitate peer-to-peer transactions in a decentralized manner. One of the earlier adopters of the proof-of-stake (PoS) consensus mechanism to secure its network, the Blackcoin aims to become an eco-friendly platform.
According to the whitepaper, in the crypto-community, a common understanding persists that the proof-of-stake protocol has several potential security issues. To start with, coinage can be abused by malicious nodes to gain significant network weight to perform a successful double spend. In addition, honest nodes can abuse the system by periodically staking because of coinage, leaving the network insecure. To cut short, proof of stake has yet to prove the security, economic value, and overall energy efficiency over time. Keeping the said issues in mind, BlackCoin was developed for proving the validity of proof of stake. The platform aimed to include various solutions like taking the coinage out of the equation, changing the stake modifier, using a hash function, and more to solve the problem. The proposed changes aim to improve BlackCoin’s PoS protocol security and were made with optimization in mind.
Using PoS, BlackCoin seeks to scale for mass adoption while mitigating and plugging potential risks. Some features of the platform are stated below:
BlackCoin (BLK) is the native currency of the platform. BLK aims to be a decentralized and eco-friendly currency with near-instant transaction speed and nominal fees. Traded as a commodity, the token is built upon Proof of Stake 3.0. Owning a BlackCoin token means owning rights to a private key - a password to ‘unlock’ or ‘spend’ unspent transaction outputs (UTXO). Each UTXO ‘comprises’ a fixed amount of BlackCoin. An address may be associated with a UTXO and can only be spent with a private key.
BlackCoin (BLK) was created in 2014.
We update our BlackCoin to INR currency in real-time. Get the live price of BlackCoin on Coinbase.
The current market cap of BlackCoin is ₹313.78M. A high market cap implies that the asset is highly valued by the market.
The all-time high of BlackCoin is ₹113.04. This all-time high is highest price paid for BlackCoin since it was launched.
Over the last 24 hours, the trading volume of BlackCoin is ₹8.35K.
Assets that have a similar market cap to BlackCoin include Maxcoin, Rubycoin, 42-coin, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of BlackCoin is 64 million.
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