FAILDEX失樂園
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Blockstamp

The business, the turning points, and the decisions behind them.

Founded2019
Event year2022
Cash burnedUS$12M
Some sections are still being researched2 / 4

Sections to complete:02 · 05

01 / WHAT IT BUILT

What the company did

BlockStamp was a multipurpose Bitcoin blockchain fork developed by the BlockStamp Foundation, a not-for-profit organization. With one-minute block times, 1 MB transaction limits and the BST coin, it aimed to be a decentralized digital timestamp notary for transparently sealing data, while also hosting a gambling platform advertised as radically fair with zero-percent edges and minimal fees, plus censorship-resistant web publishing and a peer-to-peer domain naming system. Development eventually ceased and the project was marked as Deadpooled, with BST trading volume and market capitalization falling to zero.

02 / FAILURE REASONS

Pending assessment

Material for this section is being gathered and checked. It will appear here once ready.

03 / EVENT HISTORY

Events in the structured record

  1. Project developed

    The BlockStamp Foundation developed a multipurpose Bitcoin blockchain fork with one-minute blocks and 1 MB transaction limits, designed to combine transparent data timestamping, a gambling platform, and censorship-resistant publishing around the BST coin.

  2. Peak price

    BST reached its all-time high of about $2 in April 2021.

  3. Development ceased

    Active development and operations stopped; the project was later marked as Deadpooled, with BST market capitalization and trading volume falling to zero (last price data dated June 2022).

04 / CONTEMPORARY REBUILD ASSESSMENT

Difficulty of rebuilding this project today

Material for this section is being gathered and checked. It will appear here once ready.

Rebuild difficultyPending assessmentNot completed
Scoring basisNot completed
ScalabilityPending assessmentNot completed
Scoring basisNot completed

Overall assessment: Not completed

05 / CAUSAL CHAIN / AFTERMATH

Pending assessment

Material for this section is being gathered and checked. It will appear here once ready.