Queen Faucet - Blackcoin

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What Is Blackcoin?

BlackCoin is a peer-to-peer cryptocurrency. BlackCoin uses a proof-of-stake system and is open-source. BlackCoin was created by the developer Rat4, with the goal of proving that BlackCoin*s way of disabling proof-of-work is stable and secure. BlackCoin secures its network through a process called "minting". Transactions in BlackCoin were called "significant" in a Citibank whitepaper.

The expected time for a confirmation is 64 seconds while Bitcoin's expected confirmation time is 10 minutes. BlackCoin*s Proof of Stake system secures the protocol through an efficient, decentralized process called ※minting,§ while Bitcoin uses a mining process that has been well documented as expensive and energy-intensive.

In June 2014, BlackCoin was accepted onto Coinkite exchange and payment hardware terminals. The Coinkite terminal looks like the familiar handset device used in point of sale transactions. Coinkite*s system uses these ordinary merchant terminals to accept Coinkite debit cards loaded with Bitcoin, Litecoin and BlackCoin.
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