Topic: [ANN] Blackcoin Lore [BLK] | Home of PoS 3.0 | No ICO | No Pre-mine - page 3. (Read 32985 times)

It is planned to execute a hard fork on Blackcoin network to implement the following changes to protocol:

• Remove transaction timestamp
• Increase transaction fees and set minimum transaction fee of 0.001 BLK
• Enable BIP 62, 112 and 113 (relative timelocks, OP_CHECKSEQUENCEVERIFY)

It is not scheduled for the mainnet yet. However, the fork has already been successfully activated on a testnet on 7 Nov 2022.

More information in Blackcoin Discord: http://discord.blackcoin.nl/

Still patiently driving volume on Xeggex and Frei Lite. The price is just settling after the recent spike.

Edit   Price still settling on Xeggex. Tiny but steady volume.

The 'Xeggex Project' is beginning to bear fruit. Pana and I and others are chatting about it over on Discord.

BLK is Nos 6 on Frei Lite today. Tiny volume on Xeggex. Pana has helped me with A-DEX

I haven't been here for a while, I liked the initiative, and I like to use Electrum wallets, I think it's more practical to just store the coins.

IndiaMikeZulu is putting some bids on Xeggex. Feel free to come and help.

Electrum-BLK v4.2.1:

https://github.com/CoinBlack/electrum-blk/releases/tag/v4.2.1

Electrum-BLK v4.1.5 ALPHA:

https://github.com/CoinBlack/electrum-blk/releases/tag/4.1.5

Blackcoin More v2.13.2.9 has been released.

https://gitlab.com/blackcoin/blackcoin-more/-/tags/v2.13.2.9

Exchange charge absurd amounts of listing fees. Currently there are no funds, because Blackcoin depends on donations.

So first of all the community has to grow, more people have to start staking again.
Currently around 8 million coins are staking (out of 61 million). So the people that are staking, get a nice return of around 8% at the moment. but that the trading volume is very low on Bittrex atm.

Blackcoin has always been about the community stepping up and taking responsibilities by creating social media posts, youtube videos, artwork, blog articles, etc. But also that kind of advertisement is almost non-existent.
The most people that want to help, are offering "promotional packages"! There are some exceptions, en those people are currently keeping the project alive.

We also see a shift to a more non-technical crowd. People want to know how Blackcoin fits into NFT, DeFi, BSC, etc. There is currently no roadmap on these kind of things. Basically because there are not so many devs around. 

It is silent around BLK, that is true. But you can create as much noise as you want.

In the background some folks are still working on a daily basis to keep creating the future of Blackcoin.  Some things that are still running and going on

- The next big upgrade on the Blackcoin More wallet (BTC Core 0.21 based)
- Discord tipbot - join us at https://discord.gg/hjNUgWD
- PayBLK webwallet updates
- BlackSight updates
- Electrum servers
- DEX additions (Atomic swap based)
- CEX additions (hoping for free/cheap ones)

And I am probably forgetting some things.

What we need
- Get more people to stake. Get the coins of the exchanges.
- Blog articles on how-to stake, how-to invest
- Basically people that like to help, create and learn about Crypto :-)

Michel

Well I would love to but I have to do the bridge for BAY which will eat a lot of my time. Thats a more complex bridge because of the peg. The theory is similar though. However after I finish I can show you how I did it. It's never really perfectly trustless because at the end of the day you need lots of validators on ETH side to mint coins based on BLK chain. Also you need to decide how the governance is structured... on BLK side you can have the stakers check ETH chain and then a sort of mint or burn type system. The part where governance is needed is on ETH side so you could choose the top stakers and give them ability to sign off on mint but it's really a critical question because you also don't want them all agreeing to mint BLK out of nowhere lol.

The "trustless" way to do it is have a group post a bond or something that can get slashed if posted chain hash data is false (similar to a rollup) but that's too much work for the time being (not to mention cost of ETH TX fees) and really a multisig with trusted nodes is a faster way to get the job done. Still, who pays the ETH fees to hop on to the bridge? Users? Maybe better off on other bridged networks until fees drop.

I have an airdrop chainz scanning tool that scans the rich list, pulls out public keys and generates equivalent ETH addresses using same public key without even needing to inform the user about it so that makes for really fast setup for governance (you can do a sort of merkle tree airdrop for the allocation of governance based on BLK stake weight).

Anyways, I don't check this thread often however check in with me later in the year and it's possible I will have the BAY bridge done and you can copy it's mechanics(of course  minus the peg parts because BLK doesn't have a peg).

One advantage to being on ETH or BSC is you can use their smart contracts and also free listings on AMM exchanges like Pancake or Uniswap. Of course thats not totally free because you need to put up liquidity.

Can you help with that? we have been looking at BSC too..

You should consider a *trustless* bridge to Pancakeswap or Uniswap.

Hi, most people are active on the Discord server. https://discord.gg/hjNUgWD

Latest news.

- Listed on AtomicDEX.io
- BlackSight restored -https://node.blackcoin.io/insight/
- PayBLK restored - https://payblk.blackcoin.io
- Blackcoin More wallet updated - https://blackcoinmore.org
- blackcoin.nl blog running
- Blackcoin testnet running
- and probably more!

we are currently trying to add BLK to other DEX-es

Any more news and exchange for Blackcoin? A little bit silent about BLK 

The difference is a tightening standard as it is now, the proportion of new coins issuance is dropping over time relative to the total monetary base.   I guess thats parallel to Bitcoin which drops its block reward but BLK is gradual not on a fixed date.   Seems they would have done this on purpose as it backs holders better then inflation might though 1% is low over ten years it amounts to 10.5%  roughly.  You might have point that a % amount would reward active users over purely holding or those who just keep a balance on an exchange.
   I would normally side with the system as it is now but I agree whatever active users find the best course is probably what should be done.

Blackcoin has been running a 'fixed' POS block reward of 1.5 coins for a while.   The original protocol used a 1% inflation (new coins) generated each year.  I made a post about this back in 2015; regarding how having a fixed block reward is notably different from a true 1% annual increase to the total number of coins.


https://bitcointalksearch.org/topic/m.12860963


Has there been consideration to make the block-reward dynamic based on the total supply of coins?

Hello Blackcoin community members,

Please update your Blackcoin More wallet to the most recent version, released on Feb 24th 2021
version v2.13.2.8-10bb345e7 has been released and will solve the Atomic Swap bug.

As soon as the majority of staking wallets has been updated, services like AtomicDEX can add BLK to their service!

If you still run the older v1.2.x wallet or BlackHalo, there is a big chance you are not able to sync anymore (or even forked).
Please migrate to Blackcoin More! how? https://blackcoin.nl/dump-and-import-wallet-private-keys/

You can download Blackcoin More from https://blackcoinmore.org

For (support) questions please visit our Discord https://discord.gg/hjNUgWD

I believe that BLK is gaining momentum in the last year, according to Coingecko there was an appreciation of approximately 184% in 1 year. I am seriously considering returning to invest in BLK as well.

That is correct

Still going down (vs BTC).