BlackCoin (BLK) Faucet List 2019.
What are Blackcoin Faucets
What Is Blackcoin ?
Blackcoin is one of the first cryptocurrencies based on the Proof-of-stake (PoS) protocol. The PoS protocol does not have the defects that occur in the proof-of-work (PoW) mechanism. PoS consists in the fact that transactions in the blackcoin blockchain are handled by its users who create nodes in the transaction network. Users get 1 % intrest for holding their BLK tokens from staking process.
The staking profits from BLK PoS algorithm depend on the amount of Blackcoin tokens they stake and how long they hold their profits. BlackCoin's Ledger is quite transparent, because it operates like a people’s bank. It hasn't any central authority that controls transactions. That is why blackcoin makes it completely transparent in terms of managing bank history transactions and records.
Future of Blackcoin?
Blackcoin has an interesting idea - the Proof-of-Stake protocol as its basis, which is more and more common in the world of cryptocurrencies.
If you want to know more about predictions about the future of BLK cryptocurrencies, I am sending you to the reddit forum.
Blackcoin (BLK) is very fast in processing transactions, which gives it an advantage over other cryptocurrencies based on the PoW algorithm.
The Blackcoin multipool network gives users who earn Bitcoin using other altcoins and later exchanging those to BLK tokens.
Keeping the BLK wallet open in order to secure the network and earn from the staking process can be quite profitable process.
Competition of Blackcoin
Bitcoin is the biggest competition of Blackcoin and also other digital currencies which are have decentralized, transparent and secure transactions.
However, take into account POS model, Blackcoin has several important benefits over Bitcoin, regarding faster transaction processing and lower energy costs. However, the proof-of-work protocol offered by bitcoin is very expensive to maintain and transactions are processed much more slowly.
Blackcoin Faucets in General
There are not so many faucets that enable free distribution of Blackcoin (BLK) cryptocurrencies. There are few sites offering Blackcoin cryptocurrencies in Jackpot lottery. Most popular website with BLK faucets is faucethub.
How To Make Money Online using Blackcoin faucet
On different faucets, the time to get free Blakcoin (BLK) is different. To start getting free money from BLK faucets you have to log in on Faucet site.
Each Blackcoin faucet has a reference system that allows you to earn 25% from each user who will take part in BLK lottery.
If you want to make a profit, you should take part in the referral system. However, getting referrals from faucets is relatively difficult because you have to start promoting referral links.
There are many different tools thanks to which you can promote your reference links, such as facebook, twiter or youtube. Another way to promote it is to run your own wordpress website, where you will be sharing referral links.