Transition To PoS 2.0 Complete - View Changes BlackCoin’s Proof-of-Stake Protocol v2The old Proof of Stake protocol has several potential security issues: coin age can be abused by malicious nodes to gain significant network weight to perform a successful double spend. Additionally, due to coin age, honest nodes can abuse the system by staking only on a periodical basis. This does not secure the network. Lastly: in the current system all components of a stake of proof are predictable enough to allow pre-computation of future proof-of-stakes.Currently in the crypto currency community it is common understanding that Proof-of-Stake has yet to prove its security, economic value, and overall energy efficiency over time. BlackCoin was originally created as an experiment to prove that the concept of Proof-Of-Stake is valid; insisting it has real world applications in the future of crypto currencies. For the past 120 days BlackCoin has proven to be a secure system for the 15-20 million dollars market cap that the system currently proudly maintains. As we expect the BlackCoin ecosystem to grow in the future, we want to ensure that the Proof-of-Stake system is secure as it can be.If you want to read the whole Whitepaper click here.Share this article:The following two tabs change content below.BioLatest PostsRalphvdMy name is Ralph. I am founder of Dailyblackcoin.com. The reason why i started with this website is because i wanted to create a news portal where people come every day such as Wallstreet Journal.Latest posts by Ralphvd (see all) BlackCast #5 - September 2, 2014 BlackCast Revival - Monday, 1st September 6pm EST - August 29, 2014 From Community Manager to Community Member - August 27, 2014
Claim free Blackcoins! June 25, 2014 Comments are off 9600 viewsWhat is a faucet ? A faucet is a website wich redistributes coins received as ...
The end of the #BlackFriday Promotions and what is next… April 18, 2014 1 comment 7855 viewsIn the past two weeks we have had an amazing time with the #BlackFriday promotions. ...
Blackcoin Supports DOGECON, First Coin to Ever Support a Conference April 23, 2014 Comments are off 4620 viewsDigital currencies like Bitcoin and Dogecoin are known for their communities amazing support for charities, awareness, and positive events. ...
