Free Blackcoin faucets are a reward system, in the form of a web site or app, that dispenses prizes in the form of a blackoshi, that is a hundredth of a millionth BLK, for visitors to claim in exchange for completing a captcha or task as delineate by the web site. There are faucets that dispense different cryptocurrencies. Rewards are distributed at various preset intervals of time. faucets typically offer fractions of a blackcoin, however the amount will usually fluctuate in line with the value of blackcoin.
Free Blackcoin faucets are an excellent way to help introduce new people to blackcoin, or to your favourite altcoin. several faucets offer info to newbies as well as offering them some free coins so they can try before they purchase, experimenting with a test transaction or 2 before putting real money on the road. Since this whole space is so new and a small amount scary to some people, who maybe don't quite trust it with their hard-earned money yet, this can be an excellent way to promote digital currency and attract new users.
Blackcoin is a peer-to-peer cryptocurrency. Blackcoin uses a proof-of-stake system and is open-source. Blackcoin was created by the developer Rat4, with the goal of proving that Blackcoin's way of disabling proof-of-work is stable and secure. Blackcoin secures its network through a process called "minting". Transactions in Blackcoin were called "significant" in a Citibank whitepaper.
Blackcoin is the first hybrid PoW/PoS altcoin to hit the Proof of Stake only stage. Blackcoin is a fork of Novacoin cryptocurrency that occurred at the end of winter 2014. The developers of Blackcoin claim that they are the first who were able to apply a clean Proof of Stake in practice. Thanks to PoS V 3.0, all coin holders receive rewards in the form of dividends. The amount of dividends varies from 1% to 8% per year.