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Stalinabad, Tajikistan.
1 Level
152 Review
24 Karma

Review on Clams by Jesmin Akter

Revainrating 3 out of 5

Review and thoughts about Clams project.

A new technique of initial distribution, rather than depending on ICOs or airdrops, was developed by CLAM. This approach guaranteed a transparent and equitable distribution of coins, with no involvement from a third party. Instead of conventional mining, such as that used in Bitcoin, which employs PoW, CLAM mining works by rewarding a random active client on the client network with 1 CLAM coin about once every minute, thereby reducing resource waste and providing equal opportunity to all clients running the CLAM software, as opposed to conventional mining. Users in the CLAM network are awarded randomly based on their activity in the network, rather than being rewarded based on the age of their coin holdings, as is the case in ETH, which is working to transition to the Proof of Stake concept. This incentivizes users to keep the CLAM software running in exchange for rewards, while also increasing network security. Clams cryptocurrency investment has a number of dangers, including the inherent volatility of peer-to-peer, decentralized networks, but the coin's innovative implementation and resilient network work to its advantage, with CLAM currently doing well on the market.

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Since its introduction to the public a few years ago, cryptocurrencies have seen a stratospheric increase in popularity. Along with the more famous cryptocurrencies, such as Bitcoin or Ethereum, hundreds of alternative cryptocurrencies have been created, most of which are derived from a more popular cryptocurrencies, such as Bitcoin. What distinguishes CLAM from other cryptocurrencies is that it is built on a very novel Proof-of-Chain idea, which is the first of its type in the world. CLAM stands out from the crowd of other cryptocurrencies, and it is well worth your time to learn more about it. Clams was formally launched on May 15th, 2014, and has been growing since since. It was first created as a fork of the cryptocurrency Blackcoin. CLAM is an abbreviation that stands for Caritas Libertas Aequitas Monetas, which roughly translates as Freedom Fairness Equality Coins. CLAM is an acronym that stands for Caritas Libertas Aequitas Monetas. That is the concept behind Clams, which aims to be the first fully decentralized peer-to-peer value transfer network that is fairly distributed and totally trustless due to the fact that it is built on blockchain technology. This cryptocurrency is built on the Proof-of-Chain principle, which is unique to Clams. Instead than using the conventional PoW idea, such as Bitcoin, CLAM uses a proprietary derivative of PoS, known as PoWS, to achieve its results.

Pros
  • This is a one-of-a-kind modification of PoS.
  • There is no need to register or sign up.
  • It is completely fair and transparent.
Cons
  • Lack of adoption.
  • Low trade volumes.