BlackCoin (BLK)

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.

Crypto Coin Details

Name BlackCoin
Abbreviation BLK
Algorithm
Genesis Date 23 February 2014
Proof of Work False
Proof of Stake True
Proof of Burn False

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