Blacknet is a must-read for anyone interested in it! ! !

First of all: BLN is not an ICO currency and there is no so-called project party!
A small team led by founder Rat4 (Rat), supplemented by several other volunteers who contributed code, is responsible for the development of the main network.
The initial distribution of 1 billion tokens was obtained by burning black coins, with a 14-week burning period from September to December 2018.
A total of 14.7 million black coins were burned and destroyed by the 300 founding IBO participating users, and 1 billion initial tokens were fairly distributed according to the amount and time burned by each person.

Second: BLN is a public chain. The black currency created by Mouse in 2014 has poor scalability due to the underlying structure and has been handed over to other volunteers in the black currency community for maintenance.
Now the main focus of Mouse is on BLN. BLN’s goal is to become a public chain that can be infinitely expanded!

Third: The basic functions of the main network are already available, including transfers, anonymous messages, and POS weight leasing.
stakepool.xyz is the first mining pool established by BLN using the POS weight leasing function and is already operating normally.
In the future, technologies including atomic exchange, state channel, zero-knowledge proof and other technologies will be added to BLN. Some functional codes have been deployed and are in the testing phase.

Fourth: Judging from the current situation of the mainnet being online for more than 3 months, although there are some minor problems, Mouse has been constantly repairing and improving it.
It can be seen that the mouse really wants to build a black network. The mouse does not use BLN to circle a penny. He works entirely for his beliefs.

Fifth: Rats have the spirit of Satoshi Nakamoto. When Black Coin came out, it was first POW to dig up about 70 million in two weeks and then transfer to POS.
According to normal operation, the founder can take advantage of the information, deploy computing power first, and wait for the black currency to be mined in large quantities, but the mouse did not
Mouse’s own account shows that he only mined tens of thousands of black coins, and the other 100,000+ black coins were rewarded to him by the community, and he has never sold them.

The bad news is about to ferment. CZ’s departure from Binance is definitely a bad news. It’s better to be careful and go short with a small position.

Are you familiar with the blacknet project https://gitlab.com/blacknet-ninja/blacknet/activity? Is the technology very advanced?

Are you familiar with the blacknet project https://gitlab.com/blacknet-ninja/blacknet/activity

Blacknet Overview: Blacknet is a POS3.0 public chain built from scratch by blackcoin author rat4, who started the project in September 2018. Through a 14-week burning cycle, Blackcoin is burned as a code to anchor the value. (1) The mainnet was officially launched on December 23. (2) As we all know, Blackcoin is a POS version of Bitcoin, and the Pos3.0 algorithm used has been recognized by many currencies. Hundreds of currencies have quoted Blackcoin’s POS technology. It is on this basis that Blacknet uses the Kotlin development language to develop a new generation of public chains aimed at solving the shortcomings of Bitcoin. (3) Blacknet is a scalable POS network. No pre-mining, no ICO, no foundation. Functions planned to be implemented include: account-based POS proof, offline mining, atomic swaps, voting, encrypted messages, and authorization-free expansion. It also plans to expand functional applications in POS algorithms, decentralized exchanges, and zero-knowledge anonymity. (4) 1: Why use accounts instead of UTXOs (5) Bitcoin and many of its derivatives store user balances based on unspent transaction outputs (UTXOs): the state of the entire system is determined by UTXOs Composed (think of it as "coins") such that each coin has an owner and a value, each transaction requires one or more coins and creates one or more coins, which rely on the following verification constraints: each The relevant inputs must be valid and unspent. Each transaction must be signed and consistent with the owner of each input. The total inputs are equal to the outputs. The user's "balance" is the total of these "coins", and the user can provide the private key to generate a valid 's signature. Blacknet does not intend to adopt this solution, but adopts a simpler method: each account has a balance status (and specific internal data), and a transaction is valid if there is enough balance on the account to pay. In this case, the sending account is debited and the receiving account is credited. Benefits of UTXOs: High degree of privacy: If a user uses a new address to make transactions, it is more difficult to associate it with other accounts. This works well for currencies, but is too arbitrary for dapps, which often involve keeping track of a complex set of users.

Bitcoin’s recent upward spiral

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