At the end of 2020 and the beginning of 2021, crypto exchanges crackdown on privacy coins. This resulted in Monero, Zcash, Dash, and others being de-listed from these platforms. Regulators from around the world exerted pressure on these entities to “reduce the risk” and “protect” consumers from the alleged dangers of these cryptocurrencies.
This is the usual argument wield by institutions and government agencies, protection, order, crime-fighting. Users’ access to tools that protect their identity and financial information has been limited. Regulators purposely omit that privacy is a fundamental human right.
Despite their protecting measures, governments and private companies use their citizens’ and consumers’ data for their interest, surveillance, or profit and rarely give them a choice. People are aware of this issue. Thus, the demand for privacy has led to the rise of encrypted messaging apps such as Signals and privacy coins continue to thrive.
The BlackHat Coin (BLKC) Project, launched in April 2021 by a community-driven and self-funded initiative, is one of the solutions created to meet users’ demand for privacy. This project seeks to return control and power to the users with a privacy coin running on a stable, decentralized, and resilient node infrastructure.
BlackHat Coin Features And Benefit, Stake With Privacy?
Deployed on zk-SNARK Sapling protocol developed by the Electric Coin Company, the company behind Zcash, BlackHat Coin leverages untraceable transactions with zero-knowledge proof and a user-friendly approach designed to increase adoption. This privacy coin uses a Proof-Of-Stake (PoS) consensus algorithm and has a limited supply of 21 million BLKC with 1 million premine.
Unlike Bitcoin and other privacy coins, the PoS algorithm allows BlackHat Coin to have its strengths without limitations. This project is more energy-efficient, and users don’t require expensive equipment to participate in its network.
Thus, it offers a secure…