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BlackCoin, utilizing the POW (Proof of Work) + POS (Proof of Stake) method for issuance, initially adopted POW to distribute BlackCoins, transitioning to a 1% per annum POS issuance post-POW phase. Historically, the mention of "bullet pools" evoked fear; however, starting with BlackCoin, these bullet pools have transformed into sought-after mining pools by numerous cryptocurrencies. BlackCoins innovative buy-pressure bullet pool enables the sale of all mined coins in exchange for Bitcoins to purchase BlackCoins, thereby stabilizing BlackCoins trading volume and price.
I. Project Background
BlackCoin is a cryptocurrency that initially distributes through a work proof mechanism for mining and then transitions to a stake proof mechanism upon distribution completion. It also operates as a pure stake proof coin. With an initial issuance of 74.5 million at its inception in early 2014, BlackCoin shifts to POS, generating approximately 1,930 BLK rewards daily for PoS miners. The total supply is expected to reach 100 million by 2050.
BlackCoin has made significant innovations at the protocol level, creating the PoS 2.0 & 3.0 protocols, addressing flaws in the older PoS protocols. BlackCoins PoS protocol technology is utilized by hundreds of cryptocurrencies (such as Quantum Chain, RADS, BitGold, V Coin, etc.), including several well-known ones. BlackCoin is positioned as an in-memory blockchain asset for savings currency.
II. Project Features
1. Proof of Stake 3.0
Users who stake by opening their wallets to protect network security receive annual rewards ranging from 1% to 8% (depending on network weight).
2. Environmental Friendly
Based on Proof of Stake, there is no longer a need for power-consuming mining hardware.
3. Transparent
Everyone shares the ledger history, making it entirely transparent.
4. Open Source Software
The software (wallet) is open source, allowing for security audits.
5. Fast Transactions
Transactions are very fast, enabling you to send money to anyone in the world within seconds.
6. Anonymous
Anyone can run a wallet and transact with the same or higher anonymity as Bitcoin. No personal identification information is required.
Relevant Links:
https://blackcoin.org/
http://www.528btc.com/ask/157941841833698.html
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