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
1
Market Stats
Market Cap
$3.03M
0.27%
FDV
$3.03M
Circ. Supply
64M BLK
Max Supply
Not enough data
Total Supply
64M BLK
Diluted Valuation
$4.70M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$119.33
0.34%
Volume (7D)
$755.88
Volume (30D)
$3.24K
All time high
$1.31
Price Change (1Y)
-16.61%
Additional details
Market details
BLK vs markets
↘ 38.98%
BLK vs BTC
↘ 35.04%
BLK vs ETH
↘ 24.49%
Tags
pos
scrypt
Network & Addresses
Network | Address | |
|---|---|---|
BNB Smart Chain | 0xd2cDfD5d26dfA1D11116B9ED7DBd7C6B88C6e1D3 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.0472 | ↗ 0.74% |
1 Day | $0.0469 | ↗ 0.74% |
1 Week | $0.0493 | ↘ 4.17% |
1 Month | $0.0565 | ↘ 16.40% |
1 Year | $0.0566 | ↘ 16.61% |
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.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
BlackCoin news
Trending articles
Social stats
Popularity in posts
#763
Contributors
71
Posts
71
% About BlackCoin
0.03%
Hold times
0 days
X (Twitter)
26.16% bullish
Sentiment
4.4 ★
Highlights
71 unique individuals are talking about BlackCoin and it is ranked #763 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, BlackCoin has an average sentiment score of 4.4 out of 5. Finally, BlackCoin is becoming less newsworthy, with 0 news articles published about BlackCoin.
On Twitter, people are mostly neutral about BlackCoin. There were 27.7% of tweets with bullish sentiment compared to 5.9% of tweets with a bearish sentiment about BlackCoin. 72.3% of tweets were neutral about BlackCoin. These sentiments are based on 646 tweets.
On Reddit, BlackCoin was mentioned in 404 Reddit posts and there were 590 comments about BlackCoin. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.