BlackHat Coin

SECURE ANONYMOUS PAYMENTS
The privacy layer of BlackHat coin implemented on zk-SNARK Sapling protocol by Electric Coin Company (ZCash) which provides fast, anonymous and untraceable payments with Zero Knowledge Proof without revealing your transaction amounts and balance to anyone.

PROOF OF STAKE — STAKING
Running your wallet and keeping coins in it you automatically participate in the blocks and transactions validation process which allows you not only receive rewards, but also strengthen the network.

Proof of Stake is available for everyone and it doesn't require any specialized mining equipment with high energy consumption, so you are able use your home computer/laptop and even ARM based microcomputers such as Raspberry PI.

COLD STAKING
Like usual staking but with some features:

- you can delegate your coins for staking to another wallet which is switched on 24/7 (hot wallet)
- hot wallet stakes delegated coins on your behalf but have no access to them
- the rewards go directly to your wallet
- all coins remain under your full control in your wallet which could be - switched off keeping your private keys and coins safe while hot wallet stakes coins for you
- it's possible to delegate coins from different multiple wallets to one hot wallet for cold staking

MASTERNODES
Masternodes is the second layer of network security which provides additional blocks and transactions validation.

Starting your own masternode you're also strengthen the network and receiving rewards.

Anyone who started masternode can participate in Decentralized Governance voting for the proposals to determine if the proposal should be funded.

This voting is decentralized and anonymous, since the owners and their masternodes are located in different parts of the world.

DECENTRALIZED GOVERNANCE
Decentralized Governance is the system of proposals which is submitted to the blockchain network to be voted by masternodes to determine if the proposal should be funded.

Each started masternode is capable to vote for each proposal (a vote per masternode for each active proposal) thereby setting the vector of network development.

Therefore, only community-validated initiatives will be funded

BLACKHAT COMMUNITY TREASURY
A small amount in excess of the block reward will be potentially allocated for the Community.

Treasury to fund an implementation of proposals that received sufficient % of Yes votes from masternode holders.

This funds will be generated at each superblock (approx. each month).

Note: The budget will not be allocated each month in full. Only valid proposals will be funded and only required amount of coins will be generated