Bulwark
BWK

0.06007
$
12.31 %
Change 24h
Genesis
December 1, 2017
Market Cap
$ 1,002,300
Volume 24h
$ 2256.7
Circulating Supply
16,685,100
Total Supply
27,000,000
BWK
$
Description
Bulwark is a privacy coin and a platform that seeks to offer the best privacy cryptocurrency, a working platform, and a long-term development plan. With so many new coins available, and over 70% of coins failing in the last 2 years alone, Bulwark wants to implement a long-term, a sustainable platform focused on utility, not hype. They launched their platform and coin with a soft launch and did not have an ICO. The Bulwark coin and platform are based on the PIVX cryptocurrency, which was built based on the DASH platform. Bulwark coin (BWK) uses a NIST5 hash algorithm, and all blocks are completed within 90 seconds. Bulwark developed a fair mining protocol to prevent anyone superior node from solving blocks too quickly, which eliminates the chances that one miner would monopolize the mining process by using the superior equipment. Bulwark uses a Dark Gravity Wave concept which retargets the Proof of Work difficulty. This technology adapts to large nethash speed fluctuations, which results in no one person being able to add a large amount of computing power to instantly solve multiple blocks. After 960 blocks are solved, Bulwark will start integrating a Proof of Stake concept. They will slowly start using Proof of Stake, allowing, at first, 20% of BWK to be minted, and 80% to be mined. This system prevents reliance on high amounts of energy consumption, ensuring that even if electricity prices rise, new coins will be created.