By Noah Dement for CoinMarketInfo.com
On February 16 2014, bitcointalk user rat4 launched Blackcoin. A revolutionary cryptocurrency using Proof of Stake as the main method of coin generation. In less than 3 months the coin has skyrocketed to a high of just over $.20 and then settled down to around $.13. People are going crazy over Blackcoin! There is even a Dutch company that offers Blackcoin as a payment option for their airplanes. What is it about this coin that makes it so appealing? There are a few big things that stand out to me in this coin. First of all, you have the Proof of Stake (PoS) function. Proof of Stake mints new coins based on compound interest in the individual users wallets. The total interest is 1% annually. This relatively low interest rate helps to keep the inflation at a reasonable pace. Proof of Stake means that Blackcoin is technically unmineable, however multipools have sprung up that pay out in Blackcoin. Unfortunately this defeats one of the perks of Proof of Stake which is energy efficiency. PoS is not the only cool feature of Blackcoin. It also features 10 second confirmation times making it the fastest confirming coin currently available. This speed makes it a viable option for businesses who may not want to bother with BTC transactions that can take 10 minutes or longer. The best thing about Blackcoin in my humble opinion is how they marketed the coin. They aimed this coin towards investors who might not have otherwise been involved with cryptocurrencies. This has resulted in more and more outsiders entering into the crypto world. The Full article
http://coinmarketinfo.com/2014/04/the-black-menace-blackcoin-aims-to-be-the-new-standard-for-cryptocurrencies/
