BlackCoin (BLK) Reaches Market Capitalization of $4.22 Million

BlackCoin (CURRENCY:BLK) traded down 4.5% against the dollar during the 24-hour period ending at 13:00 PM Eastern on October 14th. One BlackCoin coin can currently be bought for about $0.0692 or 0.00000121 BTC on exchanges. During the last seven days, BlackCoin has traded 6.8% lower against the dollar. BlackCoin has a total market cap of $4.22 million and $1.35 million worth of BlackCoin was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed during the last 24 hours:

  • Qtum (QTUM) traded up 1.7% against the dollar and now trades at $13.29 or 0.00023239 BTC.
  • BitBay (BAY) traded 0% higher against the dollar and now trades at $0.18 or 0.00001849 BTC.
  • Radium (RADS) traded 167.5% higher against the dollar and now trades at $2.07 or 0.00008889 BTC.
  • Atmos (ATMOS) traded up 0.1% against the dollar and now trades at $0.0568 or 0.00000099 BTC.
  • NuShares (NSR) traded up 41.7% against the dollar and now trades at $0.0002 or 0.00000000 BTC.
  • Global Currency Reserve (GCR) traded up 0.3% against the dollar and now trades at $0.0006 or 0.00000001 BTC.
  • Rubycoin (RBY) traded 32.5% lower against the dollar and now trades at $0.67 or 0.00001450 BTC.

BlackCoin Coin Profile

BlackCoin (BLK) is a proof-of-stake (PoS) coin that uses the Proof of Stake hashing algorithm. Its genesis date was February 24th, 2014. BlackCoin’s total supply is 60,955,674 coins. The official website for BlackCoin is blackcoin.org. BlackCoin’s official Twitter account is @CoinBlack and its Facebook page is accessible here. The Reddit community for BlackCoin is /r/blackcoin and the currency’s Github account can be viewed here.

According to CryptoCompare, “BlackCoin has seen initial success due to its innovative features. The coin has incorporated bitcoin upgrades to reduce transaction risk. The coin initially uses proof of work as well as proof of stake, with the proof of work being dropped after the 10000th block. The advantages of Blackcoins proof of stake is that it has extremely fast transaction confirmation times at ten seconds – compared to bitcoins ten minutes plus. The other bonus is the low energy consumption without PoW mining. Interest is paid annually at a 1% rate – well below the present global average. “

Buying and Selling BlackCoin

It is usually not presently possible to buy alternative cryptocurrencies such as BlackCoin directly using U.S. dollars. Investors seeking to trade BlackCoin should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy BlackCoin using one of the exchanges listed above.

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