Masternodes are computers that run a AmsterdamCoin wallet and make decisions, such as locking transactions with SwiftTX, coordinate obfuscation of coins, and voting on budget funding. Masternodes are required to have 100000 AMS collateral and be able to run 24 hours a day without a more than a 1 hr connection loss.
To promote an even ratio between staking nodes and masternodes in the network, the AmsterdamCoin team has developed a variable Seesaw Reward Balance System that dynamically adjusts its block reward size between masternodes and staking nodes.
AmsterdamCoin uses XEVAN as mining and spork algorithm. This algorithm was originally found by Bitsend (BSD) and has proven to protect against ASIC mining hardware. AmsterdamCoin has a 180 day Proof of Work phase that will end on November 11, 2017 00:00
60 second block time is already very fast, AmsterdamCoin transactions using SwiftTX are instant with ZERO confirmation wait time required.
Already extremely secure and private, AmsterdamCoin is aiming its sights on establishing the first truly anonymous crypto-currency. Soon, we will be using Zerocoin Protocol as our Full-time Transaction Protocol.
Built on Bitcoin Core 0.10.x. BIP38 Encryption/Decryption of Private Keys.
Available for Windows, Linux and Raspberry Pi