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<blockquote data-quote="arrana" data-source="post: 242059" data-attributes="member: 13714"><p><strong>Blackcoins</strong></p><p></p><p>My understanding of “Proof of Stake†in using <strong>Blackcoin</strong> is that you must unlock and unencrypt your Blackcoin crypto currency wallet. </p><p></p><p>An explanation of how Blackcoin is “energy efficient†at <a href="http://alternativeto.net/software/blackcoin/">http://alternativeto.net/software/blackcoin/</a></p><p></p><p></p><p></p><p></p><p>From the Blackcoin website: <a href="http://www.blackcoin.co/">http://www.blackcoin.co/</a></p><p></p><p><strong></strong></p><p><strong>BlackCoin is an innovation in digital currency.</strong></p><p></p><p>Utilizing a system called proof of stake, BlackCoin is fast, secure, decentralized, and energy-efficient.</p><p></p><p><strong>What is BlackCoin? </strong></p><p></p><p>A new form of currency</p><p></p><p>BlackCoin is a peer-to-peer digital currency with a distributed, decentralized public ledger; that unlike ones held at traditional banks, are viewable and easily audited by the people.</p><p></p><p>The ability to manage transactions and issue additional BlackCoins is all handled by the network of users utilizing BlackCoin. Because the BlackCoin network is run by the people, holders of BlackCoin receive a 1% yearly interest through a process called staking.</p><p></p><p><strong>An innovative new way to transfer money</strong></p><p></p><p>BlackCoin’s technology allows people to send and receive fast, easy and secure payments with friends, family, and merchants anywhere in the world. BlackCoin allows you to manage your finances without the need for a central authority or bank.</p><p></p><p>BlackCoin is open-source too, meaning that the software that makes it function is completely available for public scrutiny — giving you peace of mind. No one owns BlackCoin, it is not a single entity; anyone can be a part of it.</p><p></p><p><strong> Why individuals use BlackCoin </strong></p><p></p><p>Individuals use BlackCoin to transfer money to and from friends, family, and merchants anywhere in the world. BlackCoin is an ideal currency for both face to face and international digital commerce.</p><p></p><p>Using BlackCoin is fast, secure, and rewarding.</p><p></p><p>• Security and control over your money</p><p>• Fast international payments</p><p>• Zero or low fees</p><p>• 1% compound interest yearly</p><p>• Mobile payments made easy</p><p></p><p>BlackCoin's Specifications </p><p></p><p>• Info and data behind BlackCoin</p><p>• Minted Coins 75,000,000</p><p>• Multi-pool Miners 3,911</p><p></p><p></p><p><strong>BlackCoin's Key Features </strong></p><p></p><p>BlackCoin has many fundamental advantages</p><p></p><p>• Low Inflation</p><p></p><p>BlackCoin was widely distributed over a short proof of work mining phase. No new BlackCoins will ever be minted aside from the 1% yearly interest paid to holders of BlackCoin. </p><p></p><p>• Fast Transactions</p><p></p><p>BlackCoin's proof of stake system makes the BlackCoin network lightning fast. BlackCoin is the ideal digital currency for face-to-face transactions and all applications that value speed. </p><p></p><p>• Blockchain Security</p><p></p><p>BlackCoin's network is secure against the attacks other digital currencies face due to their reliability on large-scale mining operations to run their networks. </p><p></p><p>• Environmentally Sound</p><p></p><p>The BlackCoin network does not require the use of large-scale, specialized hardware operations. BlackCoin is far more energy-efficient than traditional digital currency networks. </p><p></p><p>• Innovative Community</p><p></p><p>BlackCoin has a dedicated, innovative community made up of both talented developers and users working hard to push BlackCoin as far as it will go. </p><p></p><p>• Wide Merchant Adoption</p></blockquote><p></p>
[QUOTE="arrana, post: 242059, member: 13714"] [b]Blackcoins[/b] My understanding of “Proof of Stake†in using [B]Blackcoin[/B] is that you must unlock and unencrypt your Blackcoin crypto currency wallet. An explanation of how Blackcoin is “energy efficient†at [url]http://alternativeto.net/software/blackcoin/[/url] From the Blackcoin website: [url]http://www.blackcoin.co/[/url] [B] BlackCoin is an innovation in digital currency.[/B] Utilizing a system called proof of stake, BlackCoin is fast, secure, decentralized, and energy-efficient. [B]What is BlackCoin? [/B] A new form of currency BlackCoin is a peer-to-peer digital currency with a distributed, decentralized public ledger; that unlike ones held at traditional banks, are viewable and easily audited by the people. The ability to manage transactions and issue additional BlackCoins is all handled by the network of users utilizing BlackCoin. Because the BlackCoin network is run by the people, holders of BlackCoin receive a 1% yearly interest through a process called staking. [B]An innovative new way to transfer money[/B] BlackCoin’s technology allows people to send and receive fast, easy and secure payments with friends, family, and merchants anywhere in the world. BlackCoin allows you to manage your finances without the need for a central authority or bank. BlackCoin is open-source too, meaning that the software that makes it function is completely available for public scrutiny — giving you peace of mind. No one owns BlackCoin, it is not a single entity; anyone can be a part of it. [B] Why individuals use BlackCoin [/B] Individuals use BlackCoin to transfer money to and from friends, family, and merchants anywhere in the world. BlackCoin is an ideal currency for both face to face and international digital commerce. Using BlackCoin is fast, secure, and rewarding. • Security and control over your money • Fast international payments • Zero or low fees • 1% compound interest yearly • Mobile payments made easy BlackCoin's Specifications • Info and data behind BlackCoin • Minted Coins 75,000,000 • Multi-pool Miners 3,911 [B]BlackCoin's Key Features [/B] BlackCoin has many fundamental advantages • Low Inflation BlackCoin was widely distributed over a short proof of work mining phase. No new BlackCoins will ever be minted aside from the 1% yearly interest paid to holders of BlackCoin. • Fast Transactions BlackCoin's proof of stake system makes the BlackCoin network lightning fast. BlackCoin is the ideal digital currency for face-to-face transactions and all applications that value speed. • Blockchain Security BlackCoin's network is secure against the attacks other digital currencies face due to their reliability on large-scale mining operations to run their networks. • Environmentally Sound The BlackCoin network does not require the use of large-scale, specialized hardware operations. BlackCoin is far more energy-efficient than traditional digital currency networks. • Innovative Community BlackCoin has a dedicated, innovative community made up of both talented developers and users working hard to push BlackCoin as far as it will go. • Wide Merchant Adoption [/QUOTE]
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