BlockStamp: A Digital Currency System for Blockchain Data Storage and Trusted Timestamping

What is BlockStamp

Friends, today let's talk about a blockchain project called BlockStamp (abbreviated as BST). You can think of it as a “timestamp notary office” in the digital world, based on Bitcoin blockchain technology, with the main goal of providing an immutable “time mark” and “proof of existence” for various digital information.

Simply put, it's like sending an important letter, and the post office stamps the envelope with a date to prove that the letter really existed and was sent at a certain point in time. BlockStamp aims to do something similar in the digital world, but uses blockchain—a more secure and transparent method.

The project's original vision was to build a blockchain application development platform, providing a network based on a Bitcoin hard fork (think of it as a branch or improved version of the Bitcoin blockchain). Through its own blockchain, it hoped to enable people to securely store data, prove the existence time of documents, and even be used for some decentralized applications, such as online games and domain name registration.

Core Scenarios:

• Data Sealing and Timestamping: Imagine you wrote an important contract, a creative copy, or invented a new idea, and you want to prove that it existed before a specific date. BlockStamp can help you record the “digital fingerprint” (hash value) of this file on the blockchain. This fingerprint is unique and, once recorded, cannot be changed. This gives you solid proof that the file existed at a specific time.
• Censorship-resistant Web Publishing: It also envisions enabling freer, harder-to-censor website publishing through blockchain domain registration.
• Gambling, Education, and Entertainment: It can even be used to provide fair, verifiable randomness for online gambling games, allowing players to understand odds and test strategies.

However, it should be noted that, according to the latest information, the BlockStamp project was marked as “Deadpooled” in September 2025, meaning it may have ceased active operations and development. So today we are mostly reviewing its past vision and technical features.

Project Vision and Value Proposition

BlockStamp's vision is to build a blockchain ecosystem supporting privacy, fairness, authentication, and freedom. The core problem it aims to solve is the credibility and immutability of information in the digital world. In the traditional world, we rely on banks, notary offices, and other third-party institutions to prove the authenticity of information, but BlockStamp hopes to use blockchain technology to decentralize these proofs, eliminating the need to trust any single intermediary.

You can think of blockchain as a public, transparent, and unalterable ledger. Each page (block) records information and is closely linked to the previous page; once written, it cannot be modified. BlockStamp leverages this feature to leave a “mark” for your digital files on the blockchain, proving their existence at a certain time.

Compared to similar projects, BlockStamp chose to hard fork the Bitcoin blockchain, meaning it made some adjustments and optimizations based on Bitcoin's original security and stability to better serve its specific use cases, such as efficient document timestamping.

Technical Features

BlockStamp's core technical feature is that it is a hard fork of the Bitcoin blockchain. What is a hard fork? You can think of the Bitcoin blockchain as a main road, and a hard fork is a new, independent road branching off from it. This new road may have different rules but inherits some basic characteristics of the main road.

BlockStamp inherits Bitcoin's peer-to-peer (P2P) technology, meaning it is a decentralized network with no central server controlling everything. All participants can connect and communicate directly with each other.

It also uses a DAA algorithm (Dynamic Difficulty Adjustment Algorithm), a mechanism similar to Bitcoin Cash (BCH), to adjust mining difficulty and ensure stable blockchain operation and block generation speed. Mining is the process of using computer power to solve complex mathematical problems, thereby creating new blocks and earning rewards.

The BlockStamp blockchain aims to provide fair, immutable randomness, which is crucial for its envisioned online gaming and other application scenarios. This randomness is generated through the blockchain's hash value (Hash). A hash value is a fixed-length string produced by a specific algorithm from data; any tiny change will cause a huge change in the hash value, so it can be used to verify data integrity.

Tokenomics

The BlockStamp project has its own cryptocurrency, with the token symbol BST.

• Total Supply: The total supply of BST is 34,891,058 tokens.
• Issuance Mechanism: BST is mineable, meaning new BST tokens are generated through mining, similar to Bitcoin.
• Circulation: According to CoinMarketCap and Binance data, the current circulating supply of BST is 0, and the market cap is also 0. This further confirms the project's inactive status.
• Token Utility: According to the project's original vision, BST tokens may be used for the following:
  • Paying Service Fees: Users may need to pay BST as a service fee when using the BlockStamp platform for data sealing, timestamping, or other decentralized applications.
  • Incentivizing Network Participants: Miners maintain network security by contributing computing power and receive BST as a reward.
  • Hprox Collaboration: BlockStamp once collaborated with Hprox (a peer-to-peer proxy sharing network), allowing users to earn BST by sharing residential IP addresses.

It should be emphasized that, due to the project's current inactive status, these token utilities may not have been fully realized or may have ceased.

Team, Governance, and Funding

According to Tracxn, BlockStamp was founded in Warsaw, Poland in 2018. The founder is Leszek Rychlewski, and the CEO is Jedrzej Sadowski. As of July 2024, the team size is between 11 and 50 people.

However, as mentioned earlier, the BlockStamp project is currently marked as “Deadpooled,” meaning the company may have ceased operations or is no longer active. Therefore, there is no publicly available, verifiable active information about its current governance mechanism, treasury status, or funding operations.

In blockchain projects, governance mechanisms usually refer to how the community makes decisions on major matters such as the project's future development and protocol upgrades. For an inactive project, these mechanisms may have failed or ceased to function.

Roadmap

Since the BlockStamp project is currently inactive (“Deadpooled”), there is no latest active roadmap or future major plans. We can only review its historical visions and goals:

• 2018: Company founded, project launched, aiming to develop a blockchain application platform based on a Bitcoin hard fork.
• Early Goals: Create a fast and efficient blockchain for trusted document timestamping.
• Application Expansion: Planned to apply blockchain to online gaming platforms and envisioned future use in banking timestamps, DNS, etc.
• Hprox Collaboration: Once collaborated with Hprox, allowing users to earn BST by sharing IP addresses.

Currently, due to the project's status, we cannot provide any future major plans or milestones.

Common Risk Reminders

Friends, when learning about any blockchain project, especially one like BlockStamp that has ceased activity, risk awareness is paramount. Here are some common risk reminders:

• Project Stagnation/Abandonment Risk: This is the most prominent risk for BlockStamp. The project is marked as “Deadpooled,” meaning it may have stopped development and maintenance. Investing in such projects may result in total asset loss, as there is no team continuing to drive its development or solve potential issues.
• Liquidity Risk: Due to inactivity, BST token trading volume is extremely low or even zero, meaning you may not be able to buy or sell tokens at a reasonable price.
• Technical and Security Risks: Even if the project once had a technical foundation, lack of ongoing maintenance and updates may leave its code with undiscovered vulnerabilities or unable to adapt to the evolving blockchain technology environment, posing security risks.
• Market and Economic Risks: The cryptocurrency market itself is highly volatile, and an inactive project is more susceptible to market sentiment, with almost no chance of recovery.
• Information Asymmetry Risk: For inactive projects, it is difficult to obtain the latest, accurate official information, increasing the risk of investors making wrong judgments.
• Compliance and Operational Risk: As global cryptocurrency regulation becomes stricter, inactive projects may not meet new compliance requirements, further limiting any potential for revival.

Please remember: The above information is for educational purposes only and does not constitute any investment advice. In the cryptocurrency field, you bear your own risk.

Verification Checklist

For an active blockchain project, we usually look at the following information to assess its health. But for BlockStamp, most of this information points to its inactive status:

• Block Explorer: In theory, you can view BST token transaction records and holding addresses via a block explorer. But due to inactivity, transaction volume and activity may be extremely low.
• GitHub Activity: Check the project's codebase update frequency, commit records, and community contributions. For a “Deadpooled” project, you will usually find the codebase has not been updated for a long time.
• Official Website/Social Media: Visit the project's official website and social media (such as X/Twitter, Facebook) to see if there are any latest announcements or activities. BlockStamp's official website is blockstamp.info, but its activity may be very low.
• Community Forums: Check for active community discussions to understand users' views and issues with the project.
• Audit Reports: Check whether the project's smart contracts have undergone third-party security audits.

Currently, CoinMarketCap shows BST's official website and whitepaper links, but its circulating supply is 0, market cap is also 0, and there is no verified circulating supply data. 24-hour trading volume is also shown as 0.

Project Summary

BlockStamp (BST) was a blockchain project once dedicated to building a decentralized “digital timestamp notary office.” Based on Bitcoin blockchain technology, it aimed to provide data sealing, censorship-resistant web publishing, and gambling education and entertainment services, with its core value in using blockchain's immutability to solve digital information trust issues.

However, according to the latest public information, the BlockStamp project is currently marked as “Deadpooled,” meaning it has ceased active development and operations. Its token BST's circulating supply and market cap are also shown as zero, with extremely low trading volume.

Therefore, although BlockStamp had some technical innovation in its concept, its current status shows it is no longer an active or promising project. For anyone interested in BlockStamp, understanding its historical background and technical vision is certainly useful, but you must fully recognize the huge risk of its inactivity. This introduction is for educational purposes only and does not constitute any investment advice. For more details, please research and evaluate carefully yourself.