What is Clams (CLAM)?
Future of CLAM Cryptocurrency and know how to buy CLAM

#1: What is a CLAM?

CLAM: The Basics

Cryptocurrencies have seen a meteoric rise in popularity among the general public in the past few years. Along with the more popular ones, like Bitcoin or Ethereum, hundreds of altcoins have also been developed, usually being derived off from a more popular coin like BTC. What makes CLAM unique is the fact that it is based on a highly innovative Proof-of-Chain concept, the first of its kind in the world! This makes CLAM a standout among other altcoins, and worth a deeper look into.

CLAM Development

  1. Clams was officially launched on 15th May 2014. It was initially forked from Blackcoin. CLAM is an abbreviation which stands for Caritas Libertas Aequitas Monetas, which roughly translates to Freedom Fairness Equality Coins. This encapsulates the philosophy behind Clams, which is to be the first truly decentralized peer-to-peer value transfer network which is fairly distributed and is completely trust-less since it is based on the blockchain technology itself.
  2. Clams had the widest initial distribution of any cryptocurrency in the world, with ~4.6 CLAM being sent to every single unique wallet address (over 3.1 million) pulled from the Bitcoin, Litecoin, and Dogecoin blockchains which had any balance above 0 on 12th May, 2014. According to the developer(s) of CLAM: “Conventional “air-drop” mechanics lend themselves to trust-based developer promises. We DON’T like trusting people. Giveaways are notoriously susceptible to cheating and bias those who happen to hear of them. We DON’T like tit-for-tat arrangements”. Thus, CLAM was launched with this unique distribution strategy, which mitigated this issue.
  3. This means anyone who had any BTC, LTC, or DOGE coins on 12th May, 2014, automatically has CLAM coins just waiting to be ‘dug up’!

 

#2: What are the benefits of Clams?

CLAM Technology

  1. Clams is based on a unique Proof-of-Chain concept. Instead of the traditional Proof-of-Work (PoW) concept like that of Bitcoin, CLAM is a custom derivative of Proof-of-Stake (PoS), called Proof-of-Working-Stake (PoWS).
  2. Instead of rewarding staking users proportionally to the age of the coins they are staking, the Clam network selects one actively running client about once per minute to process and verify all pending transactions for the CLAM network.
  3. This client, upon completion, receives a reward of 1 CLAM coin. This means that 525,960 new CLAMs are generated each year. This incentivizes people to actively run their CLAM clients on their machines in order to be rewarded, which in turn increases network security. Read more on the official website.

Key Features

  1. Proof-of-Working-Stake (PoWS) or Proof-of-Chain concept - A unique adaptation of Proof-of-Stake (PoS), developed specifically for the Clams network which decreases detrimental environmental effects, and increases network security along with distribution efficiency and transparency.
  2. CLAM Network - There is no registration or sign-up required to be a part of the CLAM network, which is made up of all active users running the Clams software. It is truly decentralised and completely trust-less, and can “independently and collaboratively verify the transfer and creation of CLAMS.” The combined computing power of the CLAMS network is used to create and maintain the blockchain, where all CLAMS transactions are processed.
  3. CLAMspeech - Clams can also be used to express opinions which may otherwise be banned or censored. A user can attach a custom message, or chose from a list of statements, which will accompany the transaction record whenever a CLAM is minted or moves on the blockchain.
  4. Open Source - The software which runs the CLAM network is free and open to all for viewing and improving.

 

#3: How to Buy & store Clams?

How to buy Clams

  1. CLAM can be bought and sold on a multitude of exchanges. The most popular ones are Bittrex, Poloniex, Cryptopia, and Upbit, with Poloniex being the most active one.
  2. You can also earn CLAM for a product or provide a service in exchange for CLAM.
  3. The CLAM software client can also be used to ‘dig up’ CLAM. The network selects one actively running client about once per minute to process and verify all pending transactions for the CLAM network. This client, upon completion, receives a reward of 1 CLAM.

Import Existing CLAM Wallet

If you already owned and BTC, LTC, or DOGE on 12th May 2014, chances are you already own some free CLAM! All you need to do is download the CLAM client software from here, and import your wallet into it. Follow this link for more detailed instructions.

CoinSwitch

Of course, an easier way to buy CLAM is to use CoinSwitch, the largest cryptocurrency conversion platform. CoinSwitch aggregates rates across cryptocurrency exchanges all at one place, allowing users to pick and choose the most favourable rates for them.

What’s more - with CoinSwitch, you do not rely on a separate wallet from the exchange to store your CLAM coins. Instead, all transactions happen to and from your own personal private CLAM wallet, the benefits of which we’ve spoken about here earlier.

 

#4: What is the future of Clams?

Price Graph

Complete Analysis of Clams | Live Clams (CLAM) Price Charts & Predictions

Price History

Date

Open*

High

Low

Close**

Volume

Market Cap

Jun 01, 2018

3.05

3.14

2.96

3.10

25,248

9,361,200

Apr 01, 2018

3.04

3.19

2.87

3.07

31,422

8,937,010

Feb 01, 2018

7.58

7.60

6.10

6.44

193,352

21,593,900

Nov 01, 2017

3.44

3.62

3.34

3.54

439,966

9,237,650

Jan 01, 2017

0.862397

0.886595

0.836498

0.848932

10,424

1,780,600

Jun 01, 2016

0.683109

0.724534

0.656469

0.707386

2,697

1,194,410

Jan 01, 2016

1.43

2.12

1.38

1.44

9,335

2,169,550

Jan 01, 2015

1.02

1.08

0.847697

0.968477

5,667

411,427

  1. The CLAM token has had a healthy run over the years, with consistent ups and downs in line with general market trends.
  2. The price has fluctuated quite a bit, by over the period 2015-2018, the CLAM coin has delivered returns as high as 7 times for its investors.
  3. It is plausible to say CLAM will continue following current market trajectories without any major deviation.

 

#5: How is CLAM different from other cryptos?

  1. Truly Trust-less - Instead of relying on IPCOs or ‘air-drops’, CLAMs unique method of initial distribution ensured a transparent and equal distribution of coins, with no third party involved.
  2. Unique Clam Network - Instead of conventional mining such as in Bitcoin, which uses PoW, CLAM mining works by rewarding a random active client on the client network with 1 CLAM coin about once every minute, reducing wastage of resources, and providing equal opportunity to all clients running the CLAM software.
  3. Proof of Working Stake - Instead of rewarding users based on their coin holding’s age, such as in ETH which is working to move towards the Proof of Stake concept, CLAM awards users randomly based on their activity in the CLAM network, thus incentivizing users to keep the CLAM software actively running in exchange for rewards, and also increasing network security.

 

#6: Should you invest in Clams?

While investing in the Clams cryptocurrency (or any cryptocurrency in general) will always hold its fair share of risks, owing to the inherently volatile nature of such peer-to-peer, decentralized networks, the unique implementation and robust network of Clams works in its favour, with CLAM still going strong on the markets.

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