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 - whiBlackcoin, 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 > 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
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