BlockStamp Blockchain System and Games

BlockStamp is now the best and biggest company in All State. It is proven because BlockStamp has succeeded in meeting the needs of the community through various product services provided. In addition, through the blockchain system and platform, it can improve the international trade sector. This service will make it easier for domestic businesses to make transactions easily online. So that BlockStamp can play a significant role in increasing international economic growth.

About BlockStamp
BlockStamp is a blockchain built in to digital management applications. The new cryptocurrency is designed to store user data on the blockchain. The virtual currency is based on Bitcoin peer-to-peer technology, which means that it operates with no influence from any central authority. The intention was to create a fresh, fast, and effective blockchain to serve as the core of an online gambling platform.

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The blockchain and cryptocurrency technology that stands on it is a finding that will revolutionize the perspective of the world financial system. Even though the steps are still very far away, the development and response of people from all over the world is starting to show a signal to continue to grow and revolutionize the world digital economy. Recognized or not, this blockchain technology offers a very extraordinary defense system due to its decentralized nature and involves all people who are members of this technology ecosystem. That is why until now no one has been able to break down the blockchain technology's defense system.

As a start, inform that BlockStamp is building their own blockchain infrastructure. In a sense they are not like most projects that use the blockchain ethereum, eos, tron, etc. infrastructure.

BlockStamp Games
The whole concept was to enable gambling in a completely new form, where there is no casino side, no house edge, and all the transactions can be verified by the players. There were many attempts in order to create such a platform, however most of them failed during implementation, while some are still suffering from long implementation processes. The majority of those were ICOs, which after the initial fundraising, failed to produce the actual product. We took a completely different approach and decided to build our own currency as part of the project instead of raising funds for building the casino.

Our goal was to build the whole new platform which would be able to host players and to provide gambling base with 0% edges and minimal fees at the same time providing transparency of all the transactions happening in the casino. Hence, we decided to develop a new currency which blockchain would be used for the fairness purposes.

BlockStamp blockchain levels all issues with provably fairness, transparency, or any kind of tampering with the game results. It also enables 1 mln jackpot and fast and efficient transactions.

Current cryptocurrency casino market is still in its infancy, while its older brother does not provide any good example. The most common issues are:

Lack of transparency of transactions
High probability of tampering with game results (centralised infrastructure with no access from the outside of the casino)
High fees related with betting and winning
Extended withdrawal times and high withdrawal fees.
Progressive jackpot
No possibility to host one’s own game
Overall casinos’ profit orientation

BlockStamp Games gets rid of all that. A comprehensive comparison of online gambling solutions can be found on our website

Future applications
Given that BlockStamp can be perceived as a solid timestamping device, its applications can only be limited by its users’ imagination and requirements, but not by its functionality. A set of flexible procedures will be issued which will make purpose oriented timestamping possible. This document will be updated accordingly.

BST Blockchain characteristics
BST is hard fork from BTC blockchain and as such it share almost all characteristics of the original blockchain. The main difference of the BST chain being the hashing, as hashes of the blocks start with the most significant bit set to one (0x80000000....) instead of the original zero (0x00000000...). In terms of transactions recording, the BST blockchain is almost identical with BTC blockchain. As such, it will be used for timestamping of transaction documents. However, to make the timestamping faster and more efficient, the transaction size was increased to 1MB and block time was reduced to 1 minute.

BST is minable currency with the number of BST in existence not to exceed slightly less than 105 million. Currently, there are about 12,000,000 BST (~230,000 blocks) mined. The rate of block creation is adjusted by Difficulty Adjustment Algorithm, which is similar to Bitcoin Cash - BCH. There is a 2-year reward halving schedule, which means that the number of BST created per block is to be decreased geometrically. The 50% reduction will happen every 1,050,000 blocks or approximately two years.

Chaining the blocks, like with BTC blockchain, makes it impossible to modify each block without modifying all the subsequent blocks. This is due to the hash of previous block being included in the following block. Given that a block’s hash is generated based on its content, the block’s content modifications would alter the hash and all subsequent blocks either. This characteristics of a blockchain is used for ensuring that no transactions, (as well as wins and loses in the gambling) would be tampered with. This is by far the most foolproof approach given the current technology.

BlockStamp (BST) is a new digital currency that offers user data storage on their blockchain. Their goal is to provide a fast, decentralized, and effective blockchain that can be used for reliable document timestamps and help with your daily data activities. For now their infrastructure has been running and has been used for a gambling platform. In further developments they are preparing banking and financial services with various activities such as money transfers, share prices, bonds, debt securities, bank loans, notes payable, and many more including being expected to help provide DNS services and many others. Their coins also have listings in the exchange so we can trade them directly when we have them.

DNS
The concept is based on the fact that more and more domains are being watched and blocked, against the will of the users. Peer-to-peer DNS prevents this kind of situations. This functionality is under development and will be made available shortly.

My opinion
I think if you don't invest your funds into BlockStamp, it's really a loss and you will lose thousands of opportunities to succeed with your family. love your family by providing more income. this is the best way for you to love your family by investing with BlockStamp.