Review on BlackCoin by Mohammad Shuja

PoS-based system is used by BlackCoin, making it the first cryptocurrency to do so. Several issues associated with the Proof-of-Work method are addressed by the proposed protocol. By maintaining as many nodes online as possible, this Proof-of-Stake technology removes the need for a cryptocurrency. Security threats, such as 51 percent of all attacks, are eliminated as a result of this procedure. Additionally, it improves network speed, which is beneficial for anyone wishing to transact on the blockchain.



A stake modifier is also changed at each interval of the protocol in order to minimize the likelihood of a pre-computation attack. This prevents any person from calculating the time for the following interval, thus eliminating the potential of an attack on the network in this manner.



With the Proof-of-Stake algorithm at its core, Blackcoin is built on an intriguing idea that is finding growing popularity among cryptocurrencies in recent months. The cryptocurrency is very quick when it comes to processing transactions, which offers it an edge over other cryptocurrencies.