Price
$0.0143
11/30/2022, 7:42:52 PM
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Market

Market stats

Market cap

$911,584.47

Volume (24h)

$1,576.79

Circulating supply

61.8M BLK

All time high

$1.31

Price change (1h)

+0.17%

Price change (24h)

-4.36%

Price change (7d)

+7.29%

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BlackCoin is on the rise this week.

The price of BlackCoin has risen by 7.29% in the past 7 days. The price declined by 4.36% in the last 24 hours. In just the past hour, the price grew by 0.17%. The current price is $0.0143 per BLK. BlackCoin is 98.91% below the all time high of $1.31.

The current circulating supply is 61,752,691.846 BLK.

About

What Is BlackCoin (BLK)?

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:

  • Proof-of-Stake 3.0 - Users keeping their wallets open to secure the network through staking get rewarded.

  • Eco-Friendly - The platform doesn’t require mining hardware.

  • Transparent Ledger - Users share the ledger history.

  • Open Source Software - The software or wallet is open source so that the safety can be audited.

  • Fast Transactions - The platform aims to be quick.

  • Anonymous - Anyone can operate the wallet and transact with anonymity. No personal identifying information is required.

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.

History of BlackCoin (BLK)

BlackCoin (BLK) was created in 2014.

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FAQ

What is the current price of BlackCoin?

The price of 1 BlackCoin currently costs $0.0143.

What is the market cap of BlackCoin?

The current market cap of BlackCoin is $911.58K. A high market cap implies that the asset is highly valued by the market.

What is the all time high of BlackCoin?

The all-time high of BlackCoin is $1.31. This all-time high is highest price paid for BlackCoin since it was launched.

What is the 24 hour trading volume of BlackCoin?

Over the last 24 hours, the trading volume of BlackCoin is $1.58K.

What other assets are similar to BlackCoin?

Assets that have a similar market cap to BlackCoin include Spheroid Universe, FaraLand, ODUWA, and many others. To see a full list, see our comparable market cap assets.

How many BlackCoin are there?

The current circulating supply of BlackCoin is 62 million.