Details about BlackCoin cryptocurrency
BlackCoin
BLK
1+ (click to see list)
2014-02-24
Proof of Stake
1
€1,238,958 ( -2.12564%)
€25
100,000,000
62,745,564
1
Unknown
947072x
€18709.8
BlackCoin price charts
BLK exchanges
BlackCoin, the crypto
BlackCoin (BLK) is a decentralized, open-source cryptocurrency that was first introduced in 2014. Like other cryptocurrencies, it allows for peer-to-peer transactions without the need for intermediaries like banks. However, BlackCoin boasts of an energy-efficient Proof-of-Stake (PoS) consensus mechanism that eliminates the need for energy-intensive PoW mining.
The point
The main point of BlackCoin (BLK) is to offer a fast, secure, and energy-saving alternative to traditional cryptocurrencies like Bitcoin. The PoS mechanism ensures that transactions are processed quickly and efficiently, while the Blackcoin Multipool system allows users to mine a variety of cryptocurrencies and convert them into BlackCoin to promote price stability.
The problem
BlackCoin (BLK) tries to solve the problem of high energy consumption and slow transaction times that are typical of Proof-of-Work (PoW) cryptocurrencies like Bitcoin. By using a PoS consensus mechanism, BlackCoin eliminates the need for energy-intensive mining and ensures transactions are processed quickly and efficiently.
Compare BLK and BTC performance
| Timeframe | BLK | BTC |
|---|---|---|
| 1h change | 1.15864 % | -0.0939119 % |
| 24h change | -2.03 % | -0.776944 % |
| 7 day change | 0.73 % | -0.423738 % |
| 14 day change | -6.12 % | -5.27242 % |
| 30 day change | -0.34 % | -7.24073 % |
| 200 day change | -3.08 % | 128.555 % |
| Year change | 83.32 % | 132.267 % |