BlackCoin (BC) is a blockchain-based cryptocurrency which uses proof of stake technology for simplified creation of blocks. This sets it apart from proof of work cryptocurrencies like bitcoin and Monero.

BlackCoin users who keep their BlackCoin wallet connected to the network earn interest in exchange for providing computing power. Computing power is used to execute BlackCoin transactions across the network. Interest is paid in newly-mined BlackCoin generated when transactions are processed.

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