getting-started

about, Basics, getting-started, introduction, Q&A, trading

What is Blackcoin (BLK), the “currency”?

Like Bitcoin (BTC), Blackcoin (BLK) is traded as a commodity in the USA. So, what exactly is traded? First, you must understand that "Blackcoin" designates three different things: 1. The Blackcoin Client == the original software that creates the blockchain. 2. The Blockchain == a database [mostly] of Unspent Transaction Outputs  ( UTXO ). 3. The Commodity == BLK == some part of a UTXO. Owning Blackcoin (BLK) means owning rights to a string of numbers and letters - a private key  - whi
Daniel Clough
2 min read
about, introduction, Basics, getting-started

ABOUT BLACKCOIN

Blackcoin, like Bitcoin, is a not like a Bank. There are no accounts. An address may be associated with an Unspent Transaction Output ( UTXO ). The address can only be spent with a private key. Each UTXO "contains" a fixed amount of Blackcoin ( BLK; the currency) which is  a commodity money traded on exchange since 2014. Each client keeps a record of all transactions on the blockchain, a database - a collection of files. Roughly once a minute, with constant small variations, a new block is
Daniel Clough
2 min read
bootstrap, client, getting-started, Basics

Bootstrap the Blockchain!

> Q: Hi, I just installed a non-gui wallet on my server, how do i bootstrap? And, where can I check whether it’s finished syncing? non-gui wallet = Command Line Interface (CLI) Client: blackcoin-cli and blackcoind, or blackmore-cli and blackmored. read more [/intro/how_to_use_cli_daemon_client/] You can get a copy of a bootstrap (uploaded by Michel Van Kessel - @BlackcoinNL) from mega.nz [https://mega.nz/#F!ru5lTJSD!3Ysa0Whk4Nyztc9xfu8pjQ]. There are a few ways to check the most current bloc
Daniel Clough
1 min read