Blockstamp describes itself as a blockchain ecosystem supporting privacy, fairness, authentication, and freedom. According to the team, BlockStamp is a fork of Bitcoin that has been optimized for three specific use cases:
1 – Data sealing – both document storage up to 1 MB and timestamping 2 – Censorship-resistant web publishing via a blockchain domain registry 3 – Gambling edutainment – players can learn about gambling odds and test betting strategies in a provably fair platform with randomness generated via the blockchain’s hashes.
BlockStamp also natively hosts the BST crypto coin and has partnered with Hprox, a peer-to-peer proxy sharing network. Users can be paid in BST for sharing their residential IP address with the network.
How do I buy cryptocurrency?
While some cryptocurrencies, including bitcoin, are available for purchase with U.S. dollars, others require that you pay with bitcoin or another cryptocurrency.
To buy cryptocurrencies, you’ll need a “wallet,” an online app that can hold your currency. Generally, you create an account on an exchange, and then you can transfer real money to buy cryptocurrencies such as bitcoin or ethereum.
Coinbase is one popular cryptocurrency trading exchange where you can create both a wallet and buy and sell bitcoin and other cryptocurrencies.