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Description
A recently published paper delves into the motivation, structure, and effectiveness of the Ampleforth protocol in real-time market scenarios. AMPL serves as a cryptocurrency and a foundational financial element. Similar to Bitcoin, it operates through an algorithmic framework and does not require collateral. However, in contrast to Bitcoin, AMPL is capable of defining stable contracts. The adjustments in supply, known as "Rebases," occur daily, impacting the number of tokens you hold based on the AMPL network's growth or contraction—when the network expands, your token count increases, and when it contracts, it decreases, while the token price generally hovers around $1. This innovative rebasing feature enables AMPL's application in contractual agreements. Additionally, AMPL functions as a standalone financial component that is not dependent on centralized collateral or emergency lenders, offering a unique alternative to Bitcoin's model. Ultimately, AMPL’s design provides a versatile tool for both investors and contract creators alike.
Description
Ordinals represent non-fungible tokens (NFTs) on the Bitcoin blockchain, with ordinal theory focusing on the unique identification of satoshis, enabling their tracking, transfer, and the assignment of meaning. Satoshis, rather than bitcoin as a whole, serve as the fundamental unit of the Bitcoin ecosystem, where one bitcoin is divisible into exactly 100 million satoshis. Notably, ordinal theory functions independently, relying solely on Bitcoin without needing any sidechains or additional tokens, making it applicable without modifying the existing Bitcoin network. Currently, this theory is operational and elevates the worth of satoshis by giving them numismatic significance, fostering an environment for collecting and trading them as collectibles. Each satoshi can be uniquely inscribed with various content, thus creating distinct digital artifacts that are native to the Bitcoin platform and can be stored in Bitcoin wallets while being transmitted through Bitcoin transactions. These inscriptions possess the same durability, immutability, security, and decentralized nature as Bitcoin itself, further enhancing their value and appeal in the digital asset market. As a result, ordinals represent a fascinating intersection of art, technology, and currency within the realm of blockchain innovations.
API Access
Has API
API Access
Has API
Integrations
Bitcoin
Build on Bitcoin (BOB)
Clarinet
HERE Wallet
Hiro Wallet
Magic Eden
Meteor Wallet
MyNearWallet
NEAR Wallet
OKX
Integrations
Bitcoin
Build on Bitcoin (BOB)
Clarinet
HERE Wallet
Hiro Wallet
Magic Eden
Meteor Wallet
MyNearWallet
NEAR Wallet
OKX
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Ampleforth
Country
United States
Website
www.ampleforth.org
Vendor Details
Company Name
Ordinals
Founded
2022
Website
ordinals.com