Short description
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 are maintained.
Abstract
CLAM is an innovative payment network and a new digital currency. CLAM uses Proof-of-Stake and blockchain technology; managing transactions and the issuing of CLAM is based on Bitcoin, Litecoin and Dogecoin. Bitcoin was the world's first cryptocurrency, made possible by a radically new sofware technology called the "blockchain". This software is open-source; free and available to all who wish to build upon it. Many people have done so, creating thousands of new cryptocurrencies like bitcoin. 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!