If you have not heard about our wallet:
http://cointelegraph.com/news/112996/blackwave-labs-is-using-blackcoin-to-develop-tools-for-protesting-20We made a decision not not fork and make a new coin when developing our wallet. and sadly this may seem odd in the current altcryptocurrency ecosystem.
Many developers, investors, and enthusiasts appear to be misunderstanding a critical fact: A cryptocurrency is not defined by piece of software known as a wallet, a cryptocurrency is defined by a protocol.
Nearly all new cryptocurrency developers are either naive or are actively misleading their communities by marketing their wallet features as unique to their brand of cryptocurrency and associated blockchain.
These developers are ignoring the fact that their wallets' features could be applied to virtually any cryptocurrency fork because they are not making any changes to the protocol. Very few of these new wallet additions have affected the underlying protocol running the cryptocurrency, or the changes to the protocol could have been better achieved as an abstraction above the protocol.
What we are seeing in the cryptocurrency ecosystem is equivalent to developers forking the TCP/IP protocol every time a new website is created. We do not fork the TCP/IP protocol to make a new website, or fork BitTorrent to create a new client, and we do not need a new fork of the proof-of-stake protocol to make new wallet software.
The result of this behavior is a fracturing of the cryptocurrency community: Features that should have been open source and widely available across all cryptocurrency protocols are being used to create pump and dump coins with short lifespans and myopic goals.
A part of this trend has been the rise and subsequent fall of location based coins, which seem to also be actively dismissing one of the best benefits of cryptocurrency. Cryptocurrency, like the internet, has the opportunity to unite a global community. In recent years we have seen the adverse affects of the internet being made increasingly localized, with content providers locking up content and making our once world wide web into fractured country wide webs. The infamous black screen with the words "This video is not available in your country" and similar messages are now commonplace. Decentralized protocols allow us to circumvent these information blockades and take part in a global community—it would be counter-productive to voluntarily put up these blockades ourselves.
The most recent fad has been to make the claim that you need your own fork of the proof-of-stake protocol to run a decentralized and anonymous marketplace. Cryptocurrency investors are making noise trying to get others to buy into the idea that these coins are more than glorified wallets in order to benefit from a fraction of 1% of the drug trade that currently takes place using cryptocurrency. And despite this, underground marketplaces continue to use Bitcoin.
The result of these trends over the past year has led to stagnation in the underlying protocols that drive cryptocurrencies, while the quality of marketing material for flavor of the week coins, that are nothing more than wallets with unnecessary separate blockchains, has been improving.
Since the launch of Blackcoin, we have seen a dramatic evolution in the cryptocurrency ecosystem—almost every coin since the launch of Blackcoin has been proof-of-stake.
The Blackcoin protocol allows for rapid transactions with practically insignificant energy use compared to that of the previous cryptocurrencies. The specifications make Blackcoin a highly versatile cryptocurrency. Blackcoin features 10 second transaction intervals and as it reaches greater distribution secure confirmation can happen as quickly or quicker than a credit card.
Yet despite the massive influx of proof-of-stake cryptocurrencies, Blackcoin developers appear to be the only ones who have actually worked on the proof-of-stake protocol. The developers of Blackcoin have made fundamental changes to the protocol in an effort to keep it secure and stable, and their commitment to improving proof-of-stake continues as they work towards a solution for another major hurdle: decentralized checkpointing.
Read more at:
https://blackwavelabs.com
