BlackHat Whitepaper

BlackHat is a privacy focused decentralized cryptocurrency providing truly anonymous untraceable transactions based on PoS consensus and zk-SNARKs data protection protocol (Zero Knowledge Proof). Zk-SNARK is an acronym that stands for “Zero-Knowledge Succinct Non-Interactive Argument of Knowledge.” A zk-SNARK is a cryptographic proof that allows one party to prove it possesses certain information without revealing that information. This proof is made possible using a secret key created before the transaction takes place.