At the end of 2020 and the beginning of 2021, crypto exchanges crackdown on privacy coins. This resulted in Monero, Zcash, Dash, and others being de-listed from these platforms. Regulators from around the world exerted pressure on these entities to “reduce the risk” and “protect” consumers from the alleged dangers of these cryptocurrencies.

This is the usual argument wield by institutions and government agencies, protection, order, crime-fighting. Users’ access to tools that protect their identity and financial information has been limited. Regulators purposely omit that privacy is a fundamental human right.

Despite their protecting measures, governments and private companies use their citizens’ and consumers’ data for their interest, surveillance, or profit and rarely give them a choice. People are aware of this issue. Thus, the demand for privacy has led to the rise of encrypted messaging apps such as Signals and privacy coins continue to thrive.

The BlackHat Coin

‘ href=”https://www.newsbtc.com/dictionary/coin/”>coin running on a stable, decentralized, and resilient node infrastructure.

BlackHat Coin

‘ href=”https://www.newsbtc.com/dictionary/coin/”>Coin Company, the company behind Zcash, BlackHat Coin

‘ href=”https://www.newsbtc.com/dictionary/coin/”>coin uses a Proof-Of-Stake (PoS) consensus algorithm and has a limited supply of 21 million BLKC with 1 million premine.

Unlike Bitcoin and other privacy coins, the PoS algorithm allows BlackHat Coin

‘ href=”https://www.newsbtc.com/dictionary/coin/”>Coin is the possibility to stake funds and receive additional rewards. This process uses a hot and cold staking mechanism that allows users to be rewarded by delegating their funds without losing control over their coins.

On top of the zk-SNARK Sapling protocol, BlackHat Coin

‘ href=”https://www.newsbtc.com/dictionary/coin/”>Coin governance model allows users to submit and vote for proposals. The result of the voting will determine if a proposal receives community and financial support. The proposal is funded by the BlackHat Community treasury and contributes to the network’s self-sustainability and future development.

2021 could be a year that brings more eyes into the crypto industry. Demand for solutions like BlackHat Coin

‘ href=”https://www.newsbtc.com/dictionary/coin/”>coin’s transaction history cannot be traced, and its supply cannot be analyzed to identify users.

When it comes to privacy and self-security, there can’t be a middle ground. Your information, data, and identity are either safe or compromised. BlackHat