AmsterdamCoin price is $0.00007055
The current price of AmsterdamCoin (AMS) is $ 0.00007055.
AmsterdamCoin (AMS) is a cryptocurrency that promotes both the city of Amsterdam and its vibrant, diverse cryptocurrency community. The coin is powered by a unique, energy-efficient blockchain technology, aiming to be both user-friendly and community-oriented.
Although specific names of the individuals that created AmsterdamCoin are not publicly known, it is stated on their website that the project has been created by a team of anonymous blockchain developers, enthusiasts, and Amsterdam locals. The development team, according to their claims, is dedicated to promoting the usage of cryptocurrencies in Amsterdam and beyond.
AmsterdamCoin operates on its own unique blockchain. When transactions are made using AMS, they are grouped together in a block, verified by network participants, and then added to the AMS blockchain. This process makes use of a Proof-of-Stake (PoS) consensus mechanism, which means holders of AMS can lock up their coins to validate transactions and, in turn, receive more AMS as a reward. This mechanism is, they claim, particularly energy-efficient, a significant advantage as energy consumption concerns continue to rise in the cryptocurrency world.
The unique selling proposition of AmsterdamCoin lies in its focus on promoting a city, Amsterdam, and its local cryptocurrency community. By targeting a specific geographical area and community, AmsterdamCoin is considerably different from many other cryptocurrencies, which tend to have a more global and dispersed focus. AmsterdamCoin's dedicated focus on an eco-friendly consensus mechanism - the Proof-of-Stake protocol - also sets it apart from many other cryptocurrencies, and it presents itself as an energy-saving alternative to Proof-of-Work mechanisms, such as that used by Bitcoin.
As of now, the circulating supply of AmsterdamCoin (AMS) is 144.0M.
AmsterdamCoin makes use of Proof-of-Stake (PoS) for securing its network. This method, rather than requiring vast amounts of computational power to solve complex mathematical problems like in Proof-of-Work, sees AMS holders “staking” their coins to validate network transactions. Stakers are then rewarded with more AMS coins for their service. This approach is claimed by AmsterdamCoin to be much more energy-efficient, and thereby eco-friendly, compared to other consensus mechanisms.
AmsterdamCoin (AMS) can be purchased on the following exchanges: YoBit.
The price of AmsterdamCoin (AMS) has increased by +0.60% in the past 24 hours.
The total supply of AmsterdamCoin is 84.0M, and the market cap as of right now is $ 10.2K. That makes AmsterdamCoin the #1 ranked cryptocurrency in terms of market capitalization.
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