AmsterdamCoin PriceAMS

What is AmsterdamCoin (AMS)?

AmsterdamCoin (AMS) is a cryptocurrency launched on August 21, 2015, positioned as "The Cryptocurrency of Amsterdam." Its stated goal is to make AmsterdamCoin commonly accepted in the stores of Amsterdam. The project operates on its own dedicated blockchain and uses a hybrid consensus model combining Proof of Work and Proof of Stake. It is built on Bitcoin Core 0.10.x and features BIP38 encryption and decryption of private keys. The project stated it aimed to become the first truly anonymous cryptocurrency and planned to adopt the Zerocoin Protocol as its full-time transaction protocol; whether this was implemented is not confirmed in available sources. AmsterdamCoin uses the XEVAN algorithm for mining and spork functions, which originated with Bitsend (BSD) and is designed to resist ASIC mining hardware. The network offers a 60-second block time, and transactions using SwiftTX are instant with zero confirmation wait time required. The project website lists a total supply of 145M AMS, while third-party trackers report a total supply of about 81.47M AMS; the discrepancy is unresolved. The 180-day Proof of Work phase ended on November 11, 2017 at 00:00, spanning 840,000 blocks with a block reward of 10 AMS. As of August 12, 2024, AmsterdamCoin became offline, rendering its website inaccessible, and it is classified by some sources as a discontinued cryptocurrency. The project is classified by some sources as a discontinued cryptocurrency, and its market activity is effectively dormant.

Key Specifications & Tokenomics

• Name: AmsterdamCoin
• Ticker / Symbol: AMS
• Consensus: Hybrid — Proof of Work & Proof of Stake
• Algorithm: XEVAN (also described as Quark-based in some sources)
• Blockchain: Dedicated native blockchain
• Launch Date: August 21, 2015
• Block Time: 60 seconds
• Max Block Size: 1MB
• Block Reward: 10 AMS per block during PoW phase
• PoS Reward: 8%
• PoW Phase Length: 840,000 blocks; 180 days ending November 11, 2017
• Masternode Collateral: 100,000 AMS
• Current Total Supply (Official): 145M
• Total Supply (Third-Party): Approximately 81.47M AMS
• Category: Hybrid - PoW & PoS, Quark, Mineable
• Smart Contracts: Not applicable on native chain
• Security: Built on Bitcoin Core 0.10.x with BIP38 private-key encryption; no third-party audit report is referenced in available sources.
• Source code: https://github.com/CoinProjects/AmsterdamCoin-v4/
• Block explorers: http://www.amsterdamblockchain.info/ and http://www.amsterdamblockchain.online/

Who created AmsterdamCoin?

Detailed public information about the specific founders or core team members behind AmsterdamCoin is currently limited. According to the project website, wallet development was carried out in collaboration with the VBET NL team. The official website lists wallet versions for Windows, Linux, and Raspberry Pi, and provides a GitHub repository for the project. No individual founder names, biographical details, or organizational structures have been publicly disclosed in the available materials. The project lists an email contact and social channels including Twitter and Discord, but provides no information about its leadership or development team composition. This lack of transparency regarding team identity is a characteristic shared with some early-generation cryptocurrency projects.

How does AmsterdamCoin work?

AmsterdamCoin operates on its own dedicated blockchain using a hybrid consensus mechanism that combines Proof of Work and Proof of Stake. During its initial 180-day Proof of Work phase, which ended on November 11, 2017, miners could generate AMS through mining with a block reward of 10 AMS per block. The network uses the XEVAN algorithm, which originated with Bitsend (BSD) and is designed to resist ASIC mining hardware. Following the PoW phase, the network transitioned to Proof of Stake, where holders can stake their coins to earn an 8% reward. The network features masternodes, which are computers running an AmsterdamCoin wallet that make decisions such as locking transactions with SwiftTX, coordinating obfuscation of coins, and voting on budget funding. Masternodes require 100,000 AMS as collateral and must run 24 hours a day without more than a one-hour connection loss. To promote an even ratio between staking nodes and masternodes, the team developed a variable Seesaw Reward Balance System that dynamically adjusts block reward sizes between masternodes and staking nodes. Transactions using SwiftTX are instant with zero confirmation wait time, and the network has a 60-second block time. The project stated it aimed to become the first truly anonymous cryptocurrency and planned to adopt the Zerocoin Protocol as its full-time transaction protocol; whether this was implemented is not confirmed in available sources. The project also describes using a ToR client to obfuscate transactions. According to the official FAQ, the supply will not be increased with the swap, and no account registration or KYC is required to use the swap service on Txbit Exchange.

What makes AmsterdamCoin unique and valuable?

AmsterdamCoin's primary distinguishing feature is its focused positioning as "The Cryptocurrency of Amsterdam," with the stated goal of achieving common acceptance in Amsterdam's stores. This localized adoption strategy differentiates it from general-purpose cryptocurrencies. The project's emphasis on privacy is another notable characteristic, with plans to adopt the Zerocoin Protocol for full-time transaction privacy and the use of a ToR client to obfuscate transactions. The Seesaw Reward Balance System represents a technical innovation designed to maintain equilibrium between staking nodes and masternodes by dynamically adjusting block rewards. The XEVAN algorithm provides ASIC resistance, promoting decentralized mining. Masternodes offer additional network services including SwiftTX instant transactions, coin obfuscation coordination, and budget funding voting. The project also features BIP38 encryption and decryption of private keys for wallet security. However, it is important to note that the project became offline in August 2024, and its market performance has declined significantly from its all-time high, with current data indicating very low liquidity and trading activity.

What is AmsterdamCoin used for?

AmsterdamCoin is designed primarily as a medium of exchange, with its stated goal being to achieve common acceptance in the stores of Amsterdam. The currency can be used for peer-to-peer transactions on its native blockchain, with SwiftTX enabling instant transactions with zero confirmation wait time. AMS serves as the collateral requirement for operating masternodes, with 100,000 AMS required per masternode. Holders can stake their AMS tokens to participate in Proof of Stake consensus and earn an 8% reward. The currency can be mined during its Proof of Work phase, though that phase concluded on November 11, 2017. Historically AMS was listed on Txbit.io, Yobit and CoinExchange.io; the project has been offline since August 12, 2024, and current trading activity is effectively nil. The project also supports mining profitability calculations through third-party tools. Additionally, AMS may be available for swapping via decentralized products. The token's utility is primarily centered on transactions, staking, and masternode operation within its native ecosystem.

How Is the AmsterdamCoin ecosystem developing?

The AmsterdamCoin ecosystem was developed around its native blockchain with a focus on privacy, instant transactions, and masternode infrastructure. The project released wallets for Windows, Linux, and Raspberry Pi, and maintained a GitHub repository for ongoing development. The ecosystem included masternode operators who provide network services such as SwiftTX instant transactions, coin obfuscation, and budget funding voting. The project had planned to implement the Zerocoin Protocol as its full-time transaction protocol to enhance anonymity. The project was historically tracked by major market data aggregators, but its ecosystem development has effectively ceased since it went offline in August 2024. The project is now classified by some sources as a discontinued cryptocurrency. Trading activity has been extremely limited, with multiple sources reporting zero 24-hour trading volume and negligible price changes, indicating that ecosystem development has effectively ceased.

How to mine AmsterdamCoin?

AmsterdamCoin was designed to be mineable using the XEVAN algorithm, which is resistant to ASIC mining hardware, allowing mining with consumer-grade GPU hardware. During the project's Proof of Work phase, which lasted 180 days and ended on November 11, 2017, miners could generate AMS with a block reward of 10 AMS per block. The PoW phase consisted of 840,000 blocks according to available data. Following the conclusion of the PoW phase, the network transitioned to a Proof of Stake consensus model where holders can stake their coins to earn an 8% reward. Masternode operators also participate in the network by providing services and earning rewards, though operating a masternode requires 100,000 AMS as collateral and continuous uptime of 24 hours per day with no more than a one-hour connection loss. The Seesaw Reward Balance System dynamically adjusts rewards between staking nodes and masternodes to maintain network equilibrium. Third-party mining profitability calculators were historically used to estimate returns. Given the project's current offline status, mining and staking activities are effectively non-operational.

How to keep your AmsterdamCoin Coin safe?

AmsterdamCoin provides official wallets for Windows, Linux, and Raspberry Pi operating systems, available for download from the project's website and GitHub repository. The wallet incorporates BIP38 encryption and decryption of private keys, which adds a layer of security by allowing users to encrypt their private keys with a passphrase. For optimal security, users should download wallets only from official sources and verify file integrity when possible. Best practices for cryptocurrency storage include keeping private keys offline, using hardware wallets where supported, and maintaining secure backups of wallet files in multiple safe locations. Users should never share private keys or seed phrases with anyone. When conducting transactions, verifying recipient addresses and using smaller test transactions first is advisable. Given that AmsterdamCoin's website became inaccessible in August 2024, users should exercise heightened caution regarding any remaining wallet downloads or services claiming association with the project, as the lack of official infrastructure increases the risk of encountering fraudulent or compromised resources. The official site lists wallet versions: Txbit.io — Version 4.6; CoinExchange.io — Version 4.6; Yobit — Version 4.0 (old). The official wallet supports BIP38 private-key encryption; hardware wallet and multi-signature support are not documented by the project.