What is BlackCoin?
Blackcoin is a currency originated in February 2014 by Joshua Bouw and it’s entirely operating on the notion of the PoS algorithm. This shows that new coins are generated by users who “stake” or lock their BLKs on the network. Every time the token is created it produces a stake of 1% annually for keeping the system protected. This token also applies P2P transactions for guaranteeing the transparency of the network. This currency represents itself as an original PoS coin. As to BLK’s whitepaper, it’s the initial crypto to profit from PoS based protocol. The platform is believed to be an eco-friendly as the use of PoS reduces electricity usage.