About BlazeCoin

BlazeCoin Review: Mining Guide, Price & Analysis of BlazeCoin Cryptocurrency

BlazeCoin is a cryptocurrency that supports secure online payments through virtual tokens. Additionally, the team behind this digital currency has a mission to support firefighters. Many firefighters around the world are volunteers.

The developers of BlazeCoin tokens aim to support such firefighters in their activities. They do this by utilising the sale and exchange of their digital tokens.

However, that is the only unique feature of this digital currency. It is a mined and traded cryptocurrency. It utilises blockchain technology to provide safety and security. Additionally, it removes the middleman from transactions.

But, this currency is not popular among cryptocurrency enthusiasts. It has a small market cap of USD 47,500. That places it at number 1,530 in market cap share among cryptocurrencies. This is quite low.

It is safe to say that this digital currency will not see global adoption. There are 608,557,394 BLZ coins in circulation. Also, the value of the coins is very low. The value stands at 1 BLZ = USD 0.000065. Worse, the value is dropping as the months go by.

How BlazeCoin Works

BlazeCoin eliminates the third party regulator in financial transactions. This includes financial institutions such as banks. Moreover, the developers utilise blockchain technology to implement automated surveillance. This makes a trade legitimate with the right security standards and policies.

BlazeCoin also uses decentralised nodes. This ensures transactions do not go unnoticed. This is important for transparency. Moreover, BlazeCoin supports easy transactions and returns. This helps businesses attract the right customers.

Further, BlazeCoin helps users protect their crypto keys and wallets. The developers ensure that you are aware of your belongings. All this while making sure you have people keeping your data safe.

BlazeCoin sticks to its core mission to support volunteer firefighters. This is through the Blaze Benefactors program. Additionally, the organisation supports other charity events. Users can donate to the Blaze Benefactors program. This is a good cause that BlazeCoin foundation has implemented.

Can Investors Mine BlazeCoin?

Yes, BlazeCoin is mineable. BlazeCoin uses a Scrypt hashing algorithm. The developers retarget the difficulty every hour or every 120 blocks. The reward per block mined is 103.25 BLZ tokens. Further, reward per block halves every year. BlazeCoin uses a PoW consensus method.

BlazeCoin has a pre-mined amount of 20,650,000. Overall, 608,557,394 are in circulation in the market. The supply cap for this currency is 2 billion coins.

BlazeCoin supports both solo mining and pool mining. You can mine from your wallet. This is very unique for this currency. The wallet runs on Unix, Android, iOS and Windows. Additionally, BlazeCoin has set up a pool for pool miners. You receive your payout from your Scrypt mining through the online platform, Prohashing.

The system generates a new block every 30 seconds. However, this cryptocurrency does not support much scalability. It has a low value and a low supply cap. It is easy to see the cap reached in a very short time.

The Team behind BlazeCoin

The team behind BlazeCoin operates anonymously. The only details we know is that the founder is a former volunteer firefighter. Additionally, we know that station 413 in the US was his workplace. This number is very meaningful to him. This is why he set the initial reward per block as 413 BLZ.

You can contact the developers by filling out a contact form found on blazeco.in. Additionally, the foundation has a social media presence. BlazeCoin foundation has a Twitter and a Facebook account. Sadly, these accounts are not very active. The last post from both accounts is from 2014.

The developers need to do a better job of getting their name known. This is the age of social media. A company that is this inactive on social media is bound to fail.

Privacy and Security

BlazeCoin supports safe and secure transactions. Blockchain technology is the most secure way to implement security for online transactions. It uses distributed nodes to keep the network secure. Moreover, each node works to recover damaged nodes in case of an attack.

Additionally, decentralised nodes play a vital role in transparency. A member of the community operates each node. The nodes work together to manage the public ledger. This way, the network prevents any alteration to transactions.

Moreover, the network applies cryptography. It uses hashing functions to block critical data. This way, users can be sure of their security. While the ledger is public, payments are between abstract endpoints. There is no way to link these endpoints to users.

Recent Activity

BlazeCoin barely shows any activity in the market. The price stays relatively the same for a very long time. Moreover, it is not gaining any popularity among cryptocurrency enthusiasts. Even worse, the social media pages do not post any updates. The last post from these pages dates back to 2015.

There is no way to expect much traction with this much inactivity. You should not expect much from this coin. The value is dropping with time. Moreover, this coin has very little market cap share. There are better cryptocurrencies to invest in.

Our Take on BlazeCoin

The mission behind BlazeCoin is inspiring. But that is it with this coin. The coin is not picking any traction in the community. Moreover, the value of this coin is dropping as the months go by. The developers show little interest in keeping the coin in the market. There is barely any activity in their social media pages.

In this manner, we doubt they are carrying out any research and development to improve the coin. At this rate, there is no way the coin will see global adoption. It is better to invest in other coins that have a better market cap share.

Advantages

• Transparent.
• Secure.
• Easy to mine. You can mine using your digital wallet.
• Easy to use.

Disadvantages

• This coin has a very low value.
• Low market cap share.

How to Buy BlazeCoin

If you find this coin interesting, it is available to purchase. You can buy and sell the coin on the Cryptopia or Poloniex exchange. However, you cannot purchase coins on this exchange using USD. You can purchase BLZ using Bitcoins. The value of 1 BLZ is 0.00000005 Bitcoins.

Additionally, it is important to note that Cryptopia has had issues in recent times. Many users are complaining to have lost money. The company is in deep legal cases. Therefore, proceed with caution.

The other option to buy BlazeCoin is from an individual. BlazeCoin tokens support peer to peer transfers. Still, there are risks involved. Generally, always make sure you are purchasing cryptocurrency from reliable individuals. There are many scammers on the Internet.

This is a lot of work to buy a coin with such little value. It is better off to buy other currencies with better value. There are many coins with better market cap share.

Final Verdict

BlazeCoin has a great mission behind it. Supporting charity events helps many in need. Sadly, on the business side, it has not seen much success. Its value is continuing to fall. Moreover, adoption is very low.

It does not have much traction from the cryptocurrency community. Even worse, you can only buy it on Cryptopia. This is an exchange where many people have lost money. This coin is not worth the hustle.