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BlackCoin is a peer-to-peer crypto-currency, uses a proof-of-stake system and is an open-source software, f was created by Rat4 developer, with the goal of proving that BlackCoin's way of deactivating the proof-of -work is stable and secure.
BlackCoin maintains the security of your network through a process called "minting". Transactions with BlackCoin are called "significant" in a Citibank white paper.