Specifications

Blacknet instantiates the asynchronous proof of stake consensus mechanism. An asynchronous consensus is the optimum in terms of decentralization. Proof of stake is based on a digital scarcity, not physical resources, and thereby escapes the mass–energy arbitrage due to E=mc².

Cold staking and pooled staking were implemented in Blacknet proof of stake version 4.

Features

• Ticker symbol: BLN
• Log structure: blockchain
• Target block time: 16 seconds
• Block size: dynamic
• Supply: 1% inflation
• Initial distribution: IBO
• Launch date: 23 Dec 2018 09:00:00 UTC

Platform features are in development.

Planned Features

• Fungible and non-fungible tokens
• Zero-knowledge applications (zApps)
• Two-way communication between applications

Block version signalling by active stakers may be used for protocol upgrades.

Future Research Directions

• Multistaking
• BlockDAG
• Two-way communication between blockchains
• Offline transactions
• Succinct ledger log
• Stable supply
• Decentralized high-frequency trading
• Privacy-preserving staking
• Anonymity-enhancing staking

Papers

• Blacknet: Asynchronous Proof of Stake — November 8, 2020