OpenChat is an open source organization founded by Google former employees. The main definition of blockchain based chat protocol Bimp. In the traditional XMPP protocol adds a digital asset can be transmitted in each IM function. BeeChat will give its full support to all OpenChat projects. BeeChat is a decentralized application that runs under the protocol framework provided by OpenChat. BeeChat uses financial incentives to bring other digital services and applications into the decentralized OpenChat ecosystem in the form of communications & wallets. The OpenChat Reward Engine will provide ChatCoin as a natural incentive for digital service providers. In addition to ensuring common ethics and legitimacy of content and transactions, the ecosystem does not impose any unnecessary restrictions or charges on monetization strategies, which in turn encourages new partners to join the initiative. BeeChat now has hundreds of millions of users around the world, and BeeChat is committed to providing full support for the development of OpenChat, and OpenChat will continue to conduct a full range of decentralized research using BeeChat's support.
BlackCoin started of as a Proof of Work coin but has evolved to a unique version of Proof of Stake. Wallet users can unlock wallet for staking only. BlackCoin features the following specifications: - Extremely secure: Among first with fix on SSL heartbeat, Transaction malleability, BIP66 - The probability to sign a block and the block reward does not depend on coinage (anymore). - Recommended confirmations: 10, maturity: 500 - Minimum transaction fee: 0.0001 BLK - Defined block time target: 64 seconds - Max reorganization depth: 500 blocks - Inflation: about 0.95%. - PoS block reward: 1.5 BLK + fees - The accumulated reward is proportional to the total balance and the time of staking. 24/7 staking at current network weight leads to an expected reward ratio (interest rate) of about 5%. - BlackCoin rewards users who supports the blockchain through continuous staking.