Trading and Exchanging in Clamcoin
You already own a Clamcoin (CLAM) if you had a Bitcoin, Dogecoin, or Litecoin in your crypto wallet on the 12th of May, 2014. It sounds surprising, right! CLAM was the first cryptocurrency to use a snapshot of all the private keys in use and reward them with a proof of stake coin. This makes Clamcoin a Proof of Stake coin that is based on Proof of Work!
Created by FreeBitcoins.com’s CTO, Scott Llewellyn in 2014, Clamcoin was distributed among all crypto enthusiasts having BTC, DOGE, or LTC in their cryptocurrency address. The way this was accomplished is that all three of these cryptocurrencies use SHA-256 and this means that all of their addresses have the same private keys, but different public keys! Each BTC, DOGE, & LTC address that held a coin balance over “dust” was gifted 4.60545574 CLAMS for free that will never expire and can still be claimed today! Ever since Clamcoins introduction in the cryptocurrency industry, this CLAM crypto has been making buzz across many controversies that have caused the price to fall over the past few years. For example, CLAM was used to hack Poloniex.com users for over 1,800 Bitcoins! However, CLAM and the Clammunity have stepped up and the future for Clamcoin looks bright in 2022.
In case you don’t know much about Clamcoin, read ahead to learn more about its software, its platform and how you can trade in Clamcoin on the FreeBitcoins platform.
What is Clamcoin (CLAM)?
CLAM is a form of digital currency that can be easily developed, shared, and verified by the computer having the CLAM software installed in it. The technological setup of this digital asset is similar to that of bitcoin. Its network follows a strict protocol for ensuring consensus maintenance and verification.
On the other hand, Clamcoin is an innovative and decentralized payment network that is based on the original bitcoin code. The network uses a proof-of-stake consensus mechanism along with blockchain technology to manage its transactions. This means that Clamcoin secures itself with its own coins rather than physical miners. Coins earn coins in CLAM.
On this platform, you can even make a transaction using other cryptocurrencies including Bitcoin, Dogecoin, and Litecoin. As mentioned earlier, these coins have been circulated among all active users of Bitcoin, Dogecoin, and Litecoin. CLAM is proof of stake that is based on proof of work. Most POS coins are exactly that POS’s (Piece of shits), but CLAM has a backing based on proof of work and we loved that from the beginning!
What is CLAM software?
Similarly, CLAM software is easily accessible to everyone, and one can make anything on that system as well. Unlike other famous platforms, the CLAM platform provides an equal distribution system.
This equal distribution system gives all its users some of the best possible services on this platform. The initial distribution and ongoing distribution are both included in the equal distribution. Another special characteristic about this token network is that it gets bigger and stronger as more and more users join it.
As mentioned earlier, the CLAM network employs proof-of-stake (PoS) technology in its ongoing distribution system. In other words, you can dig fresh coins by staking this digital asset in order to secure the network. Further, to process the tokens, this network selects one of the runnings unlocked clients. The process is executed in the background where you, as a client, stand an opportunity to earn 1 CLAM on each Block found on the blockchain. Blockchain times are roughly 1 minute each block, so 1 CLAM will be created every minute forever.
Moreover, the CLAM network has been developed by its founders with the most extensive digital value distribution. Apart from all these things, CLAM holds the recognition of being the first crypto in the industry to use proof-of-chain technology.
How can you get these coins into your account?
All the users who had Bitcoin, Dogecoin, or Litecoin on the date of May 12th, 2014, then most likely you would have also received Clamcoin on your address as more than three million account holders were rewarded with this crypto on its creation. Unlike many other cryptocurrencies in which you have to mine these coins to get more of them, you would have to dig Clamcoin to make more out of them.
Similarly, you can try out CLAM client and earn Clamcoin in your account. As mentioned earlier, this network would select one of its running unlocked clients to process CLAM transactions. The process generally takes place in the background where you, as a client, stand an opportunity to earn 1 CLAM on your selection.
Further, you can also make use of the automated digging tool available on the CLAMclient. Once you make use of this tool, CLAM client will look at your crypto wallet, and start digging up hidden change addresses that your crypto wallet would contain.
In the same way, you can go to Just-Dice.com, and claim your free Clamcoins by using its digging services that are available in its chatbox. You just have to follow these simple steps to grab your favorite cryptos: Go to the Just-Dice.com, and tap on its “chat” icon. After clicking on the chatbox, simply just mention “dig”, and then follow the instructions.
Apart from all these options, you can go for a faucet that would give you Clamcoin (though in small quantities) in the form of a reward in case you complete certain tasks. Usually, the faucet provides free drops after successful completion of tasks that are nearly equal to 0.00001000 CLAM.
Trading in Clamcoins on FreeBitcoins.com
FreeBitcoins allows you to buy and sell Clamcoins very easily. Users can get themselves register with the FreeBitcoins exchange (XChange), and get a free Clamcoin (CLAM) wallet address in return. Once they have registered their user name, they just have to tap on the “Deposit” button located on the top of the exchange page and create their free CLAM address, which would be useful for deposits and withdrawals.
Other than that, you can use the FreeBitcoins CLAM faucet, and get some free Clamcoins in your account. All you have to do is to sign up for the exchange and click the “Faucet” link available at the bottom of any FreeBitcoins.com page. Adhere to the simple instructions located on that page, and if everything goes as planned, you would get 0.01 CLAM directly in your exchange account.
FreeBitcoins exchange (XChange) gives all the members of the CLAM community (also called the “Clammunity”) to collect and trade altcoins in exchange for Clamcoin. Therefore, you can have your desired altcoins in your crypto wallet by just exchanging them with Clamcoins for free.
Conclusion
The use of blockchain technology has ushered in a new era in the crypto industry with the introduction of Bitcoin. This same technology has been used to make CLAM, which is free, widely accessible, and open-sourced. Though there are many crypto assets launched in recent times, however, this digital coin is an extremely innovative alteration of the Bitcoin code.
The usage of a combined computing power network helps in creating and maintaining the blockchain technology through which the execution of transactions involving Clamcoins could take place. Unlike many other financial systems including banks, CLAM does not make use of any middlemen. Having said that, crypto enthusiasts consider it simply to be a network free from inconvenience.Trading in this crypto has never been safer and more anonymous than it is now. You can buy, sell, and exchange these digital assets with your favorite crypto easily on the FreeBitcoins exchange. Since this exchange provides a better trading experience to its users when compared to other altcoin exchanges, Bittrex, or Poloniex, we would recommend you to come and give FreeBitcoins.com’s altcoin exchange a try once! I bet you like it!!!!
Thanks for reading and have a great day.
We hope to see you trading and exchanging Clamcoin soon on FreeBitcoins.com! https://freebitcoins.com/xchange/market/Clamcoin