[PRE-ANN] Blacknet (formerly BlackCoin) | Original research | PoS | No ICO

[rat4]

Blacknet is the next update of BlackCoin.

Due to complexity of updating from UTXO model to account model the chosen way to update is new blockchain. Migration details will be announced in advance.

Design goal: focus on proof of stake and provide an interface for smart contracts for everything else.

Download BlackCoin wallet: https://github.com/CoinBlack/blackcoin/releases/tag/v1.2.5

Launch Date: 24 Feb 2014 06:00 UTC

No premine. No ICO.

Specifications

• PoS without coin age
• Max reorganization depth: 500 blocks
• Block time: 64 seconds
• Difficulty retarget: every block
• PoS Reward: 1.5 BLK
• Min transaction fee: 0.0001 BLK
• Fees are paid to miners
• Confirmations: 10, maturity: 500
• Min stake confirmations: 500
• P2P port: 15714, RPC port: 15715

Proof of work (done)

• Algorithm: scrypt
• Block reward: 10000 BLK, no halving
• Max height: 10000 (after this network will not accept PoW)

[1524757302]

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[1524757302]

1524757302

[miramare]

BlackCoin is pure Proof of Stake coin, except stage of initial distribution, when it's mixed PoW and PoS coin.

Launch

• Date: 24 Feb 2014 06:00 UTC
• Countdown: http://www.tickcounter.com/countdown/2014feb24/UTC/060000/BlackCoin

No premine.

Specifications

• Block time: 1 minute
• Difficulty retarget: every block
• Stake interest: 1% annually
• Min transaction fee: 0.0001 BC
• Fees are paid to miners
• Confirmations: 10, maturity: 500
• Min stake age: 8 hours, no max age
• P2P port: 15714, RPC port: 15715

Proof of work spec

• Algo: scrypt
• Block reward: 10000 BC, no halving
• Max height: 10000 (after this network will not accept PoW)

Downloads

• Linux: coming soon
• Windows: coming soon
• Source code: at launch

It's better to make the logo look nice.

[rat4]

It's better to make the logo look nice.

It would be nice if someone propose nicer logo 

[jdwi31]

Do you offer a bounty for logo design?

[passionsurf]

total number of coins?

[tk808]

A lot of these coins are getting really interesting with distribution.

Like the idea, hope i can be of assistance to your development. Pm me.


Cheers and best of luck.

[rat4]

total number of coins?

Not limited. Initial PoW supply not more than 100 000 000

[boozoodoo]

+1 im in!

[darthburnstuff]

Too bad it's not scrypt-jane 

[physalis]

Too bad it's not scrypt-jane  

I agree. Maybe consider making it scrypt-jane?

Otherwise interesting coin

[rat4]

Maybe consider making it scrypt-jane?

Scrypt seems good today and switch to PoS-only will happen quickly.

[sq]

Thanks for using AltCoinCalendar.info

[JammyDodger]

Now on the Cryptocoins Calendar

[jetlee]

[physalis]

I like the new logo rat4

"B" will always be colloding with the B of Bitcoin, but hey, not much to do about that short of changing the name.

jetlee, that logo is also very nice! Not sure about the slogan that goes around it though. What "destiny" does this coin determine?
Also, just from a desing perspective, you might not want to have a text that makes people turn their heads upside down. It's fine for real physical coins that you hold in your hand and can turn around, not so much with coins that are just representations on a computer screen

[The One]

Stake interest: 1% annually

Is that all?

Are you a banker?

[rat4]

Stake interest: 1% annually

Is that all?

Are you a banker?

Well, nominal interest is 1% annually. And minimal stake age is 8 hours. Now imagine compound interest  

Edited: to be more srs, PoS mining is cheap

[crocko]

+1 interested

[yupee]

Hello,

How is this mixed proof of work / proof of stake working? Could someone give some pointers?

[tibenian]

It's better to make the logo look nice.

It would be nice if someone propose nicer logo