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:
- Block size: dynamic
- Supply: 1% inflation
- Initial distribution: IBO
- Launch date:
Platform features are in development.
Planned Features
- Post-quantum cryptocurrency
- 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 consensus log
- Stable supply
- Decentralized high-frequency trading
- Privacy-preserving staking
- Anonymity-enhancing staking