[ANN] Blacknet BLN | Staking | Future of zApp & ZeFi

[TheGreatWodan]

Ok. Perhaps my BC and all the other coins back. But I don t believe it.

[Gritt-N-Auld]

Ok. Perhaps my BC and all the other coins back. But I don t believe it.

I don't think that they will ever pay everyone back but they have an apparent plan to make everyone who lost money part company owners to get some form of reimbursement.

[Subtuppel]

Bits (formerly Project BlackNode) is a custom wallet built on top of the existing Blackcoin protocol. Bits will focus on making Blackcoin simple enough for the technology-impaired to use cryptocurrency. You will be able to safely give cryptocurrency to your grandparents to buy goods in the real world without worrying about it being lost and unrecoverable.

Bits is the project that led to Blackwave Labs, not the other way around. Excoin and and Onyx serve two primary purposes: First, to bring stable, secure, and high quality services to Blackcoin, allowing it to flourish as a currency. Second, to fund the decentralized, open source wallet software that we have been developing.

To lead by example, and to prove the points we made above about wallet software, Bits will be an abstraction layer that sits on top of Blackcoin, or effectively any other cryptocurrency designed from the Bitcoin spec code. Bits will be compatible with the Satoshi wallet or other wallet software—users will be able to send and receive Blackcoins to and from any Blackcoin address.

Bits does not require a fork, it will not require its own blockchain. It will utilize the positive features of the proof-of-stake protocol and reap the very important benefits of receiving security improvements, checkpointing updates, and advances to proof-of-stake from Blackcoin developers while Blackwave Labs expands the features of the wallet.

 
Decentralized Address Resolution
Bits provides a way to associate a cryptocurrency address to an email address or other identifier stored in a secure decentralized database. Transferring money through Bits will only require you to know the recipient's identifier without needing to have previously contacted them.

Address resolution will work similar to domain names. A user will be able to register an identifier to a public address for a set time period, with the option to revoke the association upon request.

Multi-signature Storage
Bits is built around the concept of multi-signature wallets, which enables users to safely store and recover coins. The wallets are encrypted and backed up across trusted peers, or optionally in decentralized storage. In the event your device is lost or destroyed, select trusted personal contacts will be able to recover the encrypted wallet, and if your password is forgotten, your chosen family members or friends will together be able to decrypt the wallet.

Smart Contracts
Create secure contracts locally or with users around the world. Using Bits users can establish algorithmically self-enforceable contracts between two or more people to safely trade goods or services without the need for centralized services.

Geolocal Storefronts
Bits will make Blackcoin into the world's first decentralized geolocal cryptocurrency. Users are empowered to easily buy and sell goods in their local community using Blackcoin.

Using Bits, merchants will be able to create pop-up storefronts visible to users in their area. Customers can choose to search inventories of stores in their area and pay for goods or services with Blackcoin ahead of time, with or without a smart contract, or walk into a store to browse and shop in person like they could with cash. Blackcoin features 10 second transaction intervals and as it reaches greater distribution secure confirmation can happen as quickly or quicker than a credit card.

Decentralized encrypted geolocal chat will allow customers and merchants to communicate throughout the entire process.

Geolocal Exchange
Bits facilitates the negotiations and is capable of matching trades between cryptocurrency and national currencies. Users can search locally or world wide for trades that can be completed in person or through smart contracts.

In person exchange will allow quick payments facilliated by the incredible transaction speeds offered by Blackcoin. Tips, donation, and purchases will be easy and securely made to anyone in the geolocal area or worldwide.

Quorum Sensing
Bits is capable of detecting other Bits users in a geolocal area based on pre-existing trust relationships and user privacy settings. Upon reaching specific population density thresholds new features are enabled.


When two or more users are within range:
Private encrypted communication will be available.
Form joint accounts with with one or more users.

When three or more users are within range:
Private encrypted group chat will be available.
Users can start a key signing party to create a circle of trust or expand existing webs of trust.
Users can opt to send or receive encrypted one-to-many broadcasts if they are within a circle of trust.

When ten or more users are within range:
Users will have many tools available to facilitate organization of large groups of people:
Tools for protestors or other large groups of people to safely and securely organize.
Tools to raise funds and manage them transparently.
Tools to issue digital tickets confirmable through NFC enabled devices or QR code.
Tools to break up a Blackcoin and automatically send it to all participating users within a defined range or circle of trust to be used as ballots in a secure vote.
 Mesh Networking
Bits is built on top of mesh networking tools that allow users to participate in trades, discussions, and voting—even in the absence of internet access—given enough users are within range.

Full Featured API
The Bits API will allow users to build plugins that leverage the Bits framework and quorum sensing tools for modular, expanded functionality.

 
While other cryptocurrency wallets have been following recent trends primarily focused around the idea of creating anonymous decentralized internet markets, Bits will instead empower Blackcoin to be seamlessly and safely usable in everyday life.

We want to work towards a future where the powerful effects of decentralized economics are felt on the street, at your local farmers market or coffee shop, and cryptocurrency can easily and safely be accepted by local businesses without reliance on a centralized service. Together as a community we can decide to value improvements to the underlying protocols that power our cryptocurrency, and stop supporting wallets built around unnecessary forks and redundant blockchains. Together we can support real advancements, open source wallets, and projects that benefit cryptocurrency as a whole.

that's really impressive!
Can't wait to see (and use) it

[Gritt-N-Auld]

Bits (formerly Project BlackNode) is a custom wallet built on top of the existing Blackcoin protocol. Bits will focus on making Blackcoin simple enough for the technology-impaired to use cryptocurrency. You will be able to safely give cryptocurrency to your grandparents to buy goods in the real world without worrying about it being lost and unrecoverable.

Bits is the project that led to Blackwave Labs, not the other way around. Excoin and and Onyx serve two primary purposes: First, to bring stable, secure, and high quality services to Blackcoin, allowing it to flourish as a currency. Second, to fund the decentralized, open source wallet software that we have been developing.

To lead by example, and to prove the points we made above about wallet software, Bits will be an abstraction layer that sits on top of Blackcoin, or effectively any other cryptocurrency designed from the Bitcoin spec code. Bits will be compatible with the Satoshi wallet or other wallet software—users will be able to send and receive Blackcoins to and from any Blackcoin address.

Bits does not require a fork, it will not require its own blockchain. It will utilize the positive features of the proof-of-stake protocol and reap the very important benefits of receiving security improvements, checkpointing updates, and advances to proof-of-stake from Blackcoin developers while Blackwave Labs expands the features of the wallet.

 
Decentralized Address Resolution
Bits provides a way to associate a cryptocurrency address to an email address or other identifier stored in a secure decentralized database. Transferring money through Bits will only require you to know the recipient's identifier without needing to have previously contacted them.

Address resolution will work similar to domain names. A user will be able to register an identifier to a public address for a set time period, with the option to revoke the association upon request.

Multi-signature Storage
Bits is built around the concept of multi-signature wallets, which enables users to safely store and recover coins. The wallets are encrypted and backed up across trusted peers, or optionally in decentralized storage. In the event your device is lost or destroyed, select trusted personal contacts will be able to recover the encrypted wallet, and if your password is forgotten, your chosen family members or friends will together be able to decrypt the wallet.

Smart Contracts
Create secure contracts locally or with users around the world. Using Bits users can establish algorithmically self-enforceable contracts between two or more people to safely trade goods or services without the need for centralized services.

Geolocal Storefronts
Bits will make Blackcoin into the world's first decentralized geolocal cryptocurrency. Users are empowered to easily buy and sell goods in their local community using Blackcoin.

Using Bits, merchants will be able to create pop-up storefronts visible to users in their area. Customers can choose to search inventories of stores in their area and pay for goods or services with Blackcoin ahead of time, with or without a smart contract, or walk into a store to browse and shop in person like they could with cash. Blackcoin features 10 second transaction intervals and as it reaches greater distribution secure confirmation can happen as quickly or quicker than a credit card.

Decentralized encrypted geolocal chat will allow customers and merchants to communicate throughout the entire process.

Geolocal Exchange
Bits facilitates the negotiations and is capable of matching trades between cryptocurrency and national currencies. Users can search locally or world wide for trades that can be completed in person or through smart contracts.

In person exchange will allow quick payments facilliated by the incredible transaction speeds offered by Blackcoin. Tips, donation, and purchases will be easy and securely made to anyone in the geolocal area or worldwide.

Quorum Sensing
Bits is capable of detecting other Bits users in a geolocal area based on pre-existing trust relationships and user privacy settings. Upon reaching specific population density thresholds new features are enabled.


When two or more users are within range:
Private encrypted communication will be available.
Form joint accounts with with one or more users.

When three or more users are within range:
Private encrypted group chat will be available.
Users can start a key signing party to create a circle of trust or expand existing webs of trust.
Users can opt to send or receive encrypted one-to-many broadcasts if they are within a circle of trust.

When ten or more users are within range:
Users will have many tools available to facilitate organization of large groups of people:
Tools for protestors or other large groups of people to safely and securely organize.
Tools to raise funds and manage them transparently.
Tools to issue digital tickets confirmable through NFC enabled devices or QR code.
Tools to break up a Blackcoin and automatically send it to all participating users within a defined range or circle of trust to be used as ballots in a secure vote.
 Mesh Networking
Bits is built on top of mesh networking tools that allow users to participate in trades, discussions, and voting—even in the absence of internet access—given enough users are within range.

Full Featured API
The Bits API will allow users to build plugins that leverage the Bits framework and quorum sensing tools for modular, expanded functionality.

 
While other cryptocurrency wallets have been following recent trends primarily focused around the idea of creating anonymous decentralized internet markets, Bits will instead empower Blackcoin to be seamlessly and safely usable in everyday life.

We want to work towards a future where the powerful effects of decentralized economics are felt on the street, at your local farmers market or coffee shop, and cryptocurrency can easily and safely be accepted by local businesses without reliance on a centralized service. Together as a community we can decide to value improvements to the underlying protocols that power our cryptocurrency, and stop supporting wallets built around unnecessary forks and redundant blockchains. Together we can support real advancements, open source wallets, and projects that benefit cryptocurrency as a whole.

that's really impressive!
Can't wait to see (and use) it

Neither can I.

[Boogie79]

So I excited about all the stuff happening with Blackcoin. Can't wait!

[maarx]

Hello everyone,

The foundation this week has been productive as we can finalising some things and can now focus our efforts on the most important thing to Blackcoin, the community.

For this week, we will be moving foundation funds from one wallet, to another distributing 50 BLK in transaction fees per transaction to raise awareness not only for staking, but how beneficial it is to the Blackcoin economy.

We are always planning new ways to engage the community and to raise awareness for certain Blackcoin aspects that make us special. Let me highlight the reasons why this will not only benefit you, but benefit others and promote more strengthening of the network.

We encourage all Blackcoin users to increase their staking fees to at least 1 BLK to 5 BLK with us so that the staking reward for those helping the network is greater than it is. I know that Bittrex has their fees listed at 0.2 BLK and we are talking to other companies to do the same.

What this allows is for users to earn more Blackcoin per stake reward and it will cost you less than a Bitcoin transaction or more depending on how you feel. Also, it greatly helps distribution and staking interest.

To raise your transaction fees, go to Settings -> Options -> "Pay Transaction Fee"

We have set up a new donation address so those that want to help make this promotion a greater success can donate Blackcoin that will in turn be given back to the stakers through transaction fees. B6qQ9H6KUJ4mbc9JHWHkVFP7ZRRHpjgDwN

Let's make holding and staking Blackcoin MUCH MORE beneficial and impactful! We have been around for a long time and have the best community out there. Let's prove it and bring more people into Blackcoin!

~ The Blackcoin Foundation

Click here to view all transactions!

I dun raised my tx fees to 1 BC good initiative, I like it

[Gritt-N-Auld]

Hello everyone,

The foundation this week has been productive as we can finalising some things and can now focus our efforts on the most important thing to Blackcoin, the community.

For this week, we will be moving foundation funds from one wallet, to another distributing 50 BLK in transaction fees per transaction to raise awareness not only for staking, but how beneficial it is to the Blackcoin economy.

We are always planning new ways to engage the community and to raise awareness for certain Blackcoin aspects that make us special. Let me highlight the reasons why this will not only benefit you, but benefit others and promote more strengthening of the network.

We encourage all Blackcoin users to increase their staking fees to at least 1 BLK to 5 BLK with us so that the staking reward for those helping the network is greater than it is. I know that Bittrex has their fees listed at 0.2 BLK and we are talking to other companies to do the same.

What this allows is for users to earn more Blackcoin per stake reward and it will cost you less than a Bitcoin transaction or more depending on how you feel. Also, it greatly helps distribution and staking interest.

To raise your transaction fees, go to Settings -> Options -> "Pay Transaction Fee"

We have set up a new donation address so those that want to help make this promotion a greater success can donate Blackcoin that will in turn be given back to the stakers through transaction fees. B6qQ9H6KUJ4mbc9JHWHkVFP7ZRRHpjgDwN

Let's make holding and staking Blackcoin MUCH MORE beneficial and impactful! We have been around for a long time and have the best community out there. Let's prove it and bring more people into Blackcoin!

~ The Blackcoin Foundation

Click here to view all transactions!

I dun raised my tx fees to 1 BC good initiative, I like it

Great! Community members are telling me that they are getting 50 BLK stakes as well as 5 BLK + from other people doing the same.

[keshuker]

Hello everyone,

The foundation this week has been productive as we can finalising some things and can now focus our efforts on the most important thing to Blackcoin, the community.

For this week, we will be moving foundation funds from one wallet, to another distributing 50 BLK in transaction fees per transaction to raise awareness not only for staking, but how beneficial it is to the Blackcoin economy.

We are always planning new ways to engage the community and to raise awareness for certain Blackcoin aspects that make us special. Let me highlight the reasons why this will not only benefit you, but benefit others and promote more strengthening of the network.

We encourage all Blackcoin users to increase their staking fees to at least 1 BLK to 5 BLK with us so that the staking reward for those helping the network is greater than it is. I know that Bittrex has their fees listed at 0.2 BLK and we are talking to other companies to do the same.

What this allows is for users to earn more Blackcoin per stake reward and it will cost you less than a Bitcoin transaction or more depending on how you feel. Also, it greatly helps distribution and staking interest.

To raise your transaction fees, go to Settings -> Options -> "Pay Transaction Fee"

We have set up a new donation address so those that want to help make this promotion a greater success can donate Blackcoin that will in turn be given back to the stakers through transaction fees. B6qQ9H6KUJ4mbc9JHWHkVFP7ZRRHpjgDwN

Let's make holding and staking Blackcoin MUCH MORE beneficial and impactful! We have been around for a long time and have the best community out there. Let's prove it and bring more people into Blackcoin!

~ The Blackcoin Foundation

Click here to view all transactions!

I dun raised my tx fees to 1 BC good initiative, I like it

Great! Community members are telling me that they are getting 50 BLK stakes as well as 5 BLK + from other people doing the same.

I did only receive a normal stake now when i got my pc back staking, but I suppose it is up to luck to get the larger stakes?

[hossy]

So do we put in 1.0 or 5.0 in the transaction fee box

[Chiggins]

 

Gonna pay it forward and up the paid TX fee

[randywald]

 

Gonna pay it forward and up the paid TX fee

Your stake is huge, how many coins do you have? I think it cannot be compared without the amount of staking blackcoins.

[fullhouse]

 

Gonna pay it forward and up the paid TX fee

Your stake is huge, how many coins do you have? I think it cannot be compared without the amount of staking blackcoins.

he's a big whale , ... so much stake.

[Chiggins]

 

Gonna pay it forward and up the paid TX fee

Your stake is huge, how many coins do you have? I think it cannot be compared without the amount of staking blackcoins.

Just shy of 23k, I had all of them staking during these two finds.

My usual stake since the move to PoS 2.0 has been more like 1/2 or 1/3rd of this, so the current stake event is definitely bumping it.

[Subtuppel]

 

Gonna pay it forward and up the paid TX fee

Your stake is huge, how many coins do you have? I think it cannot be compared without the amount of staking blackcoins.

When you find a block you do also receive the transcation fees.
The foundation guys are sending coins around with a "voluntary" fee of 50 BC, and you will receive 50 + x BC when you are the one who creates the block for one of these transactions.
I'd guess that the 4.x and 6.x block rewards you can see in the screenshot have 4/6 BC as fees (set by "normal" community members) included.

[BootstrapCoinDev]

My guess is that POS 2.0 is indeed about marketing, most people won't have a clue what the proposal is about, but it is better than v1.0 (probably referring to Peercoin) so must be good.

[Subtuppel]

My guess is that POS 2.0 is indeed about marketing, most people won't have a clue what the proposal is about, but it is better than v1.0 (probably referring to Peercoin) so must be good.

My guess is that you did not read anything about PoS 2.0 ;-)

If you want to change that/want to know what problems it solves: http://www.blackcoin.co/blackcoin-pos-protocol-v2-whitepaper.pdf

[yourstruly]

My guess is that POS 2.0 is indeed about marketing, most people won't have a clue what the proposal is about, but it is better than v1.0 (probably referring to Peercoin) so must be good.

You should read the whitepaper regarding the updates to the proof of stake system, it addressed some major security concerns with the original version.

[barabbas]

thanks for cheap coins..   little birdie told me BC is added in a wallet (not blackcoin wallet) that will have much coveted features..

Let me take a wild guess... BAY? That is going to be rrrrrevolutionarie! Let me bring the drums, ok? That is going to take BC to 96k again... or better.
To da moon, lambos for everyone, Black Hand come baaaack! Wow, wow, wow!

[sillybear]

something new, here?

https://blackwavelabs.com/

[illodin]