BHC-Black Hole ChainDetailed Description

BHC-Black Hole Chain Detailed Description

Technical advantages:

1. BHC solves the problems encountered by the previous virtual currency. BHC uses the Zerocoin protocol to achieve complete anonymity through zero-knowledge cryptography proofs. Zero-knowledge proof achieves the goal of owning BHC without knowing the identity of the owner. BHC uses the wallet zerocoin protocol to generate BHC and then convert BHC that cannot be tracked.

2. The master node Xnodes reward mechanism, the master node is an encrypted full node (computer wallet), which supports the network by hosting the entire copy of the encrypted digital currency ledger in real time. In return, masternodes will be rewarded with encrypted digital currency, which is an excellent alternative to mining. Xnodes require a 2000 BHC refundable guarantee. Each block is rewarded to the node, and after a block comes out, it is distributed to the master node in proportion to 50%.

3. BHC's current workload proof mechanism (POW) uses the lyra2z330 algorithm, which is more secure and fairer, suitable for CPU mining, can resist GPU, FPGA, ASIC mining machines, prevent 51% attacks, and guarantee The encrypted digital currency circulation algorithm is more secure.

Project Introduction

Black Hole Chain (BHC) is a cryptocurrency that protects accounting privacy by using the zerocoin protocol. It is the first cryptocurrency to implement the Zerocoin protocol, which uses zero-knowledge proofs to ensure that the relevant address information of both parties to the transaction is not leaked. BHC's current proof-of-work mechanism (POW) adopts the lyra2z330 algorithm, which is more secure and fairer, suitable for CPU mining, can resist GPU, FPGA, ASIC mining machines, prevent 51% attacks, and ensure the circulation algorithm of encrypted digital currency safer.

Masternode Xnodes reward mechanism: A masternode is a cryptographic full node (computer wallet) that supports the network by hosting an entire copy of the encrypted digital currency ledger in real time. In return, masternodes will be rewarded with encrypted digital currency, which is an excellent alternative to mining. Xnodes require a 2000 BHC refundable guarantee. Each block is rewarded to the node, and after a block comes out, it is distributed to the master node in proportion to 50%.

Anonymous transfers
With BHC, anonymity is significantly enhanced. The number of anonymous transfers is no longer limited, and its anonymous architecture has the "minted coins" minting function. The anonymous transfer capacity can reach millions, which is enough to make the previously existing anonymous technology a representative of ancient and backward.

Technical advantages
BHC solves the problems encountered by the previous virtual currency. BHC uses the Zerocoin protocol to achieve complete anonymity through zero-knowledge cryptography proofs. Zero-knowledge proof achieves the goal of owning BHC without knowing the identity of the owner. BHC uses the wallet zerocoin protocol to generate BHC and then convert BHC that cannot be tracked.

R & D background
Since the transaction history of Bitcoin is completely public, everyone can query your wallet cash inflow and outflow in the blockchain through your wallet address, and It can be traced back to the ultimate origin of these bitcoins, which is from the address sent to after the block was generated. This poses a huge threat to personal privacy. Many loyal fans are eagerly looking for a completely anonymous, safe and transparent virtual currency.

Value created
Like any technology, BHC may be used for good or bad, but the development team firmly believes that the good will far outweigh the bad. Throughout history , freedom of commerce has been shown to prevent war, promote prosperity, and increase intercultural exchange. BHC aims to facilitate legitimate users who have realized the risks of using cryptocurrencies with fully transparent public ledgers, and the risks of using Bitcoin to expose all their financial details.