Bloc Money is a blockchain-based platform that aims to promote and develop cryptocurrencies for everyday life while being environmentally conscious. The platform aims to eliminate the hurdle of lack of accessibility faced during cryptocurrency adoption worldwide. The platform solves this by offering a wide choice of mining possibilities. The block time on the platform aims to be 120 seconds. (The block time refers to the time it takes for the blockchain network to generate one additional block.)
According to its whitepaper, the blockchain technology used by the platform seeks to transform the financial services industry by allowing users across the world to be paid for using it— and, without costly intermediaries, to pay and get paid at any time from anywhere. The platform's primary purpose is to give users a cryptocurrency that is secure, simple to use, and appealing. Bloc Money also aims to gain advantages from various industries in a way that has never been done before. As a result, a more open, accessible, and equitable financial future can emerge.
The platform offers multiple features like security, privacy, decentralization, eco-friendly mining, transparency, and much more. Users can mine cryptocurrencies simply with their internet connection and practically any device on the platform. Transactions on the platform are confirmed and recorded on the blockchain. Third parties are not required to keep the user's Bloc money safe. Users are solely responsible for their assets and have complete control over them. A view key is used to expose transactions for a Bloc account, or simply the key for a particular transaction, without spending account funds. The platform uses the proof-of-work consensus algorithm, designed to keep low-end and high-end hardware mining comparable in efficiency.
BLOC is an open-source and community-driven token. It is a decentralized cryptocurrency that is fast, simple to use, and private. The token operates on a secured peer-to-peer network with no central authority.
