BlackCoin BLK
BLK
0.05334
$
2.69 %
Change 24h
Genesis
February 24, 2014
Market Cap
$ 3,385,705
Volume 24h
$ 18.35
Circulating Supply
63,474,774
Total Supply
100,000,000
Website
BLK
$
| # | Exchange | Pair | Price | Volume 24h |
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Description
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.