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BlackHat is a decentralized cryptocurrency that focuses on privacy and provides anonymous transactions using PoS consensus and zk-SNARKs data protection protocol. zk-SNARK stands for "Zero-Knowledge Succinct Non-Interactive Argument of Knowledge" and allows users to prove possession of certain information without revealing it. Unlike other privacy coins, BlackHat uses PoS consensus and does not require expensive mining equipment or consume large amounts of energy. The project was launched in April 2021 and is community-driven and self-funded. It is implemented on zk-SNARK Sapling protocol by Electric Coin Company. The monetary policy of BlackHat Coin aims to support scalable, decentralized, and resilient node infrastructure for instant and private transactions globally. The project's main goals include making crypto easy for anyone, building a strong decentralized self-governed community, promoting mass adoption as a payment method, and providing instant and secure transactions worldwide.
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