Zk-SNARK is an acronym that stands for “Zero-Knowledge Succinct Non-Interactive Argument of Knowledge.” A zk-SNARK is a cryptographic proof that allows one party to prove it possesses certain information without revealing that information. This proof is made possible using a secret key created before the transaction takes place.
Unlike other privacy coins, BlackHat uses PoS consensus (Eco mining) and doesn't require any expensive mining equipment and doesn't consume large amounts of energy.
BlackHat Coin Project, launched April, 2021, is a community-driven self-funded decentralized blockchain focused on privacy which is implemented on zk-SNARK Sapling protocol by Electric Coin Company.
The monetary policy of BlackHat Coin is designed to enable a sustainable infrastructure service capable of supporting scalable, decentralized, and resilient node infrastructure, allowing for instant, private transactions globally.
Main aims of the Project:
- to make crypto easy for anyone. You don't have to have any mining equipment, just your computer, laptop or even Raspberry Pi;`
- to build strong decentralized self-governed community;`
- mass adoption: we will do our best not to be just a trading asset, but also a payment method in any store willing accept payments in secure way;`
- to provide instant and secure transactions all over the world.