CLAMS - pOki88

Proof of Chain

CLAMS are a form of digital value, or currency, that is transferred, created, and verified by the collective effort of the computers running the CLAMS software. Similar to Bitcoin, the original technology on top of which CLAMS was created, this network follows a rigorous protocol to ensure that consensus and verification is maintained.
Most of these new coins are just rebranded copies. A very few, like CLAMS, are highly innovate variations of the original bitcoin code. What all these cryptocurrencies have in common is their beating heart; a blockchain.People like yourself run CLAMS software all over the world, forming one giant decentralized network. Opposite to centralized networks, the more people who join the CLAMS network, the stronger it gets. The combined computing power of the CLAMS network is used to create and maintain the blockchain, where all CLAMS transactions are processed. Unlike banks, there are no middlemen in cryptocurrency. It’s just us and the network, freed from tyranny!
The CLAM Network is a peer-to-peer network of computers running the CLAMS software. To become a part of the CLAMS network, you need only to run the CLAMS software on your home computer. The purpose of this network is to independently and collaboratively verify the transfer and creation of CLAMS.

Specifications

No Proof-Of-Work stage
Based on May 12, 2014 “Snapshot” of BTC, LTC and DOGE blockchains
Not cheatable via coin movement or mixing
Block Creation: Proof-Of-Stake
Block Time: 1 Minute
Minimum Stake Age: 500 blocks, or 4 hours. Target 8 hours 20 minutes
Maximum Stake Age: Unlimited
Block Reward: 1 CLAM
Active Supply = 454,000 (Jan 5, 2015)
Proof-Of-Stake reward is designed to replace coins lost, unclaimed or inaccessible over time. The block reward of 1 CLAM means that 526,000 new CLAMs are created each year. The annual rate of return varies in relation to the current active money supply. Accordingly, the present annual rate of return is 234%, and the daily return is 0.64%
If every single BTC, LTC, and DOGE user became a CLAM user then the total supply would be: 14,897,662

Initial Distribution Proof of Chain

Welcome to the world’s first Proof-of-Chain cryptocurrency! The CLAMs network was created with the widest digital value distribution in history. CLAMS were sent to all active users of the 3 most popular digital currencies. If you had Bitcoin, Litecoin or Dogecoin on May 12, 2014 then you probably have CLAMs waiting for you now!
The goal, from the very beginning of this project, was to create a cryptocurrency with the widest initial distribution. Ever. 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. Many intelligent people are aware that Bitcoin’s most valuable asset is the blockchain itself. The blockchain represents the combined efforts, commitment, and participation of the entire community. It is the revolution that sets cryptocurrency apart from other value systems. It is trust-less and wonderful. We DO like the trust-less blockchain.
So! We took the BTC, LTC, and DOGE blockchains, found every address with a balance above dust, and sent each and every one of them a little over 4.6 CLAMS. It isn’t perfect, but it includes everyone.

Ongoing Distribution Proof of Stake (POS)

To understand POS, think of your CLAMs as raffle tickets. There’s a drawing each minute and the winner is rewarded with one freshly dug-up CLAM. While the prize always remains the same, your chances of winning vary according to how many tickets(CLAMs) you have. POS is an evironmentally friendly alternative to Bitcoin’s Proof-of-Work(POW) system. POW requires that users solve increasingly difficult math problems. This has created a hardware arms race that consumes massive amounts of electricity worldwide. With CLAMs POS, it makes no difference if you’re using an ancient laptop or a quantum supercomputer! POS secures the CLAM network from double-spending just as POW does for Bitcoin. About once per minute the network selects one client to verify and process all pending CLAM transactions. A reward of 1 CLAM serves two fundamental purposes. It provides incentive for users to keep their clients running, which increases network security. The reward also helps to stabilize the CLAM price and supply over time by replenising CLAMs that are lost or destroyed by users.