More detail: https://bitscreener.com/coins/blakestar
BlakeStar is a cryptocurrency with a focus on high performance, longevity, and adoption by services. BlakeStar is one of the first cryptocurrencies to use the Blake2s hashing algorithm. Blake2s itself is a high speed optimized cryptographic hashing algorithm used for Proof-of-Work and Proof-of-Stake hashes in BlakeStar for performance with low load. BlakeStar uses Proof-of-Work, but unlike bitcoin it is configured to transition to Proof-of-Stake, when small numbers of coins will be issued yearly for staking. Staking will be 10% per year. The advantage of transitioning to Proof-of-Stake is to avoid the centralized mining pools that may eventually threaten bitcoin with a 51% attack. Most bitcoin mining has been centralized in China, which is not necessarily a good thing for the currency. Proof-of-Stake is known to discourage centralized mining pools. This makes BlakeStar ideally suited for dedicated staking devices and low-power/low-spec systems. Originally dependent on the “libb2” library version of the Blake2s reference distribution, the blake2s reference implementation has now been directly baked in for ease of compilation across platforms. Users no longer need to download and install libb2 separately.
