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Pepe Cash

What Is Pepe Cash?

Pepe Cash is a cryptocurrency designed for the art industry. The Pepe cards are assets created to use counterparty blockchain the same way that popular card games Spells of Genesis works.

As the blockchain niche keeps growing, the desire to diversify blockchain’s products stems from Satoshi Nakamoto’s original focus of advancing decentralization.

Though most blockchains such as Litecoin, Bitcoin, and Ripple are directed at the financial niche, concerns have emerged that some sectors such as the creative art are being left behind. This is the gap that Pepe Cash came to fill.

  • A closer look at Pepe Cash

Pepe Cash was designed to operate as the currency for the Pepesphere. This is a creative art niche where people get creative by creating memes and releasing them on social media.

The memes are funny images, videos, or writings that easily go viral within a short moment in the social media.

Unlike in the past when memes were only used for fun, they have become important marketing tools for driving traffic and conversion in websites.

This growing importance of memes and the desire to grow the industry is what prompted the Pepe Cash founders to create the coin.

Note that the founders of the Pepe Cash are anonymous. They decided to operate as anonymous entities as a security measure.

Like Satoshi Nakamoto of Bitcoin launched privately, being anonymous implies helps to shield users from third-party seizures and related legal battles.

  • The Pepe Cash Coin performance in the market

The performance of the Pepe Cash Coin in the market has been impressive. Between introduction into the market in early October 2016 and early October 2018, the value grew by more than 9,500% from $0.00007 to $0.007.

In October 2016, Pepe Cash Coin was trading in the market for $0.00007 and remained around that range until February 2017. Then, it rose significantly to reach $0.02 in May 2017 and continued growing to hit $0.1 (the highest mark in its history) in December 19th 2017.

The good performance did not last long. From January 2018 to October 2018, the price took a downward trend culminating to $0.007. The community has expressed optimism that the price will ultimately take an upward trend.

What is the problem that Pepe Cash Solves?

The entry of Bitcoin into the market signaled the start of a new era of digital currencies. The society had finally gotten a reliable method of sending value securely on a peer2peer basis.

However, not all problems were solved by Bitcoin. Indeed, the decentralized system also introduced some new issues such as scalability. Here are the main problems that Pepe Cash seeks to address.

  • Poor adoption of cryptocurrencies in the market

Though the blockchain niche has been very effective in providing the community with a new solution for sending value, the penetration has not been very effective. Many niches such as medical records, social media and creative arts feel left out.

Pepe Cash targets to be the currency of the creative arts niche. The Pepe Cash system is run in the Bitcoin blockchain which implies that it follows Bitcoin’s operational model transactions but with a different target.

  • Centralization of financial services

The problem of financial service that Bitcoin sought to address still persists. This implies that many people looking forward to send value from one point to another are still required going through third parties such credit card companies that compromise privacy and make transaction very expensive.

The centralized services also compromise users’ privacy by making the details available to a wide array of people. For example, the bank cashiers and management can easily peruse through your transactions. Even third parties such as the banking system and political administrations can get access to the details through court orders.

  • Wrong perception of cryptocurrencies in the market

When cryptocurrencies hit the market, the publicity was very negative. Many administrations were categorical that people who used the coins were at risk of losing their money. The argument was that the coins lack consumer protection and could easily be used for fraud and terrorism.

Because the negative perceptions about digital coins persist, Pepe Cash is seeking to paint the right image by helping people to see the industry positively. The target is crafting a system where all people can easily associate with a blockchain project and make payment with cryptocurrencies.

  • Insecurity of operating in the blockchain system

Since 2009 when Bitcoin was introduced into the market, the industry has been rocked with serious security issues. One example is the attack on Bitcoin Gold that was hacked when it was only a few days old. Other attacks that shocked the crypto industry included the hacking at Mt. Gox where over 600,000 Bitcoins were lost and the recent attack at YouBit that saw the exchange file for bankruptcy. These are some of the threats that Pepe Cash addresses.

How Does Pepe Cash Solve The Problem

To help run the Pepe Cash system, there is an entire ecosystem of artwork created to operate on the Bitcoin blockchain. Here is a demonstration of how the entire system works.

  • The Pepe Cash ecosystem

The first pepe was made by a member of the Boy’s Club in 2005. It was a pepe of a frog. This is why the Pepe Cash Coin took the image of a frog in honor of the first pepe. Now, the industry has been running by simply reimagining the spin-offs.

From the satirical application, Pepes metamorphosed into a complete ecosystem referred to as “pepesphere.” It is the online realm where tokenized pepes are traded and payment is done using Pepe Cash Coin. This means that you can create a pepe and sell on the pepesphere.

The pepes are stored on the Bitcoin blockchain as complete transactions and built on counterparty. This implies that the transactions are run on the Bitcoin platform.

Note that unlike the standard design of the tokens where a definite coin number is released, the creator of a pepe can decide to make copies of 1,100, or 99,999 copies for sale based on the intent. These pepes are included in the Rare Pepe Directory.

Because the blockchain stores only the reference of every piece, the transaction hashes only serve as certificates of authenticity. Therefore, when one buys a pepe from the directory, he receives a token for it in the pepe wallet.

Note that though one can indeed visit the Rare Pepe Directory and copy the artwork, it will not look like the original work. Think of it like copying a piece of artwork instead of downloading the whole thing.

Note that you can also join the ecosystem by creating the pepes and selling them on the network. Simply visit the Rare Pepe Directory to see the rules of creating and submitting new memes.

  • A completely decentralized system pegged to the Bitcoin system

To help give a humorous outlook of the blockchain network, the Pepe Cash system is linked to the Bitcoin network. Using Pepe Cash Coin and Bitcoin is helping to demonstrate the positive side of the blockchain industry.

People who love artwork and marketers targeting to drive traffic to their websites can now use Pepe Cash to promote their work. As political and company satire take the center stage in mainstream media, the blockchain community is expected to shine positively and attract more people.

What makes Pepe Cash better than it’s competitors?

The main goal of Pepe Cash system was to extend the utility of cryptocurrencies in the market to the creative art niche. However, the crypto industry that is drawing a lot of interest and competition is very stiff. Here are some of the things that make Pepe Cash better than competitors.

  • The creative artwork is a relatively new niche that has not been explored by other networks

While most cryptocurrencies are targeted at the financial niche, Pepe Cash Coin is the currency of the creative artwork niche (pepeshpere). This implies that the Pepe Cash Coin is likely to grow faster and deliver high value to users. This is one of the reasons why the value of the Pepe Cash Coin grew by more than 9500% between launch and October 2018.

  • The Pepe Cash Coin has been performing relatively well in the market

Many people who are joining the crypto niche are interested in knowing about the expected potential of the target. As the satire associated with memes keeps growing the demand for Pepe Cash Coin is expected to continue growing at a faster rate than other coins. Note that the bearish trend reported in 2018 hit most coins including Bitcoin. The trend is expected to change and take a bullish trend.

  • The Pepe Cash system has created a new way of looking at cryptocurrencies

The fast-growing demand for Pepe Cash is demonstrating that there is a positive side of cryptocurrencies. It is not right to only associate cryptocurrencies with things such as fraud and scams. You can use the coins to buy memes, pay bills, or as savings.

  • The Pepe Cash system allows users to join and own the system

If you join many cash services such as credit cards and banks, there is a sort of passive feeling. The decisions are made by the management and the users only need to comply. However, the Pepe Cash system allows the user to join and own the system. For example, you can join the network to buy or sell own memes.

How can Pepe Cash be categorized?

Pepe Cash is the first creative art platform designed to help redefine the meaning of cryptocurrencies. The creative method of using the blockchain to generate certificates for accessing pepes from the Rare Pepe Directory is likely to change how people view cryptocurrencies.

Besides, the Pepe Cash system seeks to draw more creative artists and grow the industry. It is this meeting point that will redefine the new positions of creative art and cryptocurrencies in the market today.

What’s Pepe Cash’s vision on Security?

The Pepe Cash’s vision on security is to ensure that people can join its system and access the best pepes without worrying of losing to hackers. With the rising cases of insecurity for crypto platforms such as exchanges, Pepe Cash wanted to give users the assurance of optimal security using the following ways:

  • Advanced encryption of the user details and transactions
  • The Pepe Cash is based on the highly secure Bitcoin blockchain
  • The Pepe Cash’s development team progressively review the network to identify and remove vulnerabilities with regular updates

Examples of Pepe Cash’s use cases / applications

The Pepe Cash platform was designed with the main goal being to extend the blockchain technology to the creative art’s niche. The following are the main use cases:

  • The Pepe Cash coin is used to buy pepes from the Rare Pepe Directory. The coin is the native asset that all artwork lovers and even marketers targeting the pepes should use. Even if you have a different coin, it has to be converted to Pepe Cash coin.
  • Use the Pepe Cash platform to create and sell pepes. The Rare Pepe Directory is a unique repository that any user can join to create new pepes and sell to interested parties.
  • Use the Pepe Cash coin to save funds. Pepe Cash coin, like other coins such as Bitcoin, can be used as a store of value. You only need to buy the coins in the exchanges and hold them.
  • The Pepe Cash coin is a reliable way of sending value. If you are looking forward to sending value from one part of the globe to another on a peer2peer basis, consider using Pepe Cash coin. It allows users to send funds directly without relying on third-party companies such as banks and credit companies.

Note that because the Pepe Cash platform is not a profit-making enterprise, the cost of sending value is low and the transactions are completed instantly. Remember that both the sender and recipient must be in the Pepe Cash platform to send value.

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Clams

What Is Clams?

Clams is an innovative payment network and a digital coin that is based on Litecoin, Dogecoin, and Bitcoin. Unlike many digital coins that are designed on the Bitcoin platform by copying the basic structure, Claims considers itself as an innovative variation meant to advance the blockchain network.

The blockchain network has been growing steadily as the need for more advanced technology in different areas grows.

The pioneer networks such as Litecoin and Bitcoin only demonstrated that it is possible to run transactions on a peer2peer basis. The new platforms are now building on the original crypto networks to deliver higher value to users.

  • The creation of the Clams platform

Clams was developed in early 2014 and launched in 2014. The cryptocurrency took the initials CLAM which stands for Caritas Libertas Aequitas Monetas that translates to Freedom Fairness Equality Coins.

The philosophy of the coin was aimed to mean the first truly decentralized peer2peer value transfer network without centralized points of failure. The focus was to introduce a new method of sending value that every person could use and associate with.

The coin was introduced as an airdrop to the Litecoin, Dogecoin, and Bitcoin network. This implies that all the people who had some Bitcoins, Dogecoins, or Litecoin by the time of Clams release received a share of Claims.

  • The price performance of Clams coin

The price of Clams has been impressive over the years. Between launch in August 2014 and nearly October 2018, the price of the coin grew with about 200%. The price started at $0.5 in August 2014 and grew significantly to $2.5 by December the same year.

By August of 2015, the price of Clams had grown further to reach $3.49 before sinking to $0.3 in November the same year. Then, the price stabilized at around $0.7 between February 2016 and February of 2017.

From March of 2017, the price took an upward trend that culminated to $13.6 on January 9th, 2018. This was the highest mark in the Clams’ history. But the top performance did not last.

Like other coins such as Bitcoin and Loopring in the industry, Clams value took a bearish trend that culminated to the $1.6 mark late in October 2018.

The community is optimistic that the value of Clams will finally take a positive trend because its system is an improvement of top performing coins such as Bitcoin and Litecoin. However, this is only speculation because growth is dependent on the prevailing market forces.

What is the problem that Clams Solves?

Clams platform was created at a time when cryptocurrencies were facing serious threats from both the cybercriminals and administrations. Here are some of the main problems that Clams addresses.

  • Centralized mining through the use of ASIC equipment

While the decentralization approach used in the early networks was impressive, the advantages did not last. The development of ASIC mining equipment meant that only the people who could afford them would be able to mine, confirm transactions, and receive new coins.

The concept that founding portraits of blockchain technology had worked so hard to achieve was under threat. A new method of addressing the issue had to be sought promptly. The Clams developers opted to use a different consensus algorithm.

  • Centralization of financial services

If you want to send funds using a common system such as banking or use of credit cards, services are centralized.

This implies that the system or data is managed through a central point that makes it is an easy target for attackers and other dangers such as the risk of failure.

The centralized system also implies that the process of sending funds is lengthy and expensive. Every cash transfer request has to be reviewed to ensure that the sender and recipient do not have criminal records related to fraud or terrorism.

  • Poor scalability

Even after Bitcoin and Litecoin adopted a fully decentralized model to facilitate peer2peer transactions, the problem of poor scalability cropped up. Because the platforms require every transaction to be verified by majority nodes, the consensus takes long pulling the number of transactions that can be supported every second very low.

The Bitcoin platform can only support 7 transactions every second while Ethereum handles a slightly higher number of 20ntransatcions/ second.

When these figures are compared to what industrial leaders handle, it indicates that there is a lot of work that needs to be done. For example, Visa can handle more than 20,000 transactions per second.

  • Poor adoption of the blockchain network

When many people talk about the blockchain niche, one might be tested to believe that the niche is progressing in the right direction. But that is the wrong perception. The truth is that many people find the process of joining and using cryptocurrencies very complex.

To buy cryptocurrencies, people are required to join the exchanges, open trading accounts, and fund them. Then they have to create cryptocurrency pairs before executing orders to buy Clams. This is very complex for many people.

How Does Clams Solve The Problem

Clams was created by borrowing the best points from Bitcoin, Litecoin, and Dogecoin so that it could effectively address the above issues. Here are some of the methods used to counter the myriads of problems facing the crypto niche.

  • The proof of concept consensus model

A closer look at the above problems indicates that most of them arise from poor or lack of decentralization. To address them, Clams opted to deviate from the common proof of work (PoW) and proof of stake (PoS) consensus protocols to a new one referred to as proof of concept (PoC) model.

The proof of concept model is a variation of the proof of stake consensus. Under the system, the node to mine the system is selected randomly from the active nodes. This implies that holding the coins is not enough to give you an undue advantage over others. You need to be active in securing the network.

  • A highly simplified CLAM blockchain setup

The process of joining many networks is very complicated. In some cases, people are required to run complex computing procedures that easily keep off non-technical people. However, joining the Clams network is simple and fast.

The interested user only needs to download the light client and install it on a computer. The client synchronizes with the entire network and links with other nodes so that users can start to mine or send value. It is because of this simplicity that a lot of users have been trooping into the platform and enhancing its good performance in the market.

  • The CLAMspeech

The decentralized platforms are surrounded in mystery. In many cases, the network users only hear that there is a development team but there is no way to reach it. The CLAMspeech is a unique way of communicating on the network which helps the nodes to send custom messages or select from the list of messages to accompany new blocks.

What makes Clams better than it’s competitors?

When Clams entered the market in 2014, it had to fight for space with other giant cryptocurrencies of the time such as Bitcoin.

This competition has been growing progressively and the development team at Clams had to redefine its operations to outdo competitors. Here are some of the things that make Clams better than competitors

  • The platform is completely decentralized

Unlike the centralized financial systems that operate as high risk entities, Clams relies on a network of nodes spread in the entire globe. The focus is ensuring there is no single point of failure. The decentralization has also helped to make the platform more secure, cheaper, and reliable.

  • The platform has effectively addressed the problem of centralized mining

Centralized mining is referred to as the killer of blockchain projects. By adopting the proof of concept consensus algorithm, Clams has managed to evade the dangers associated with centralization such as the risk of 51% attack.

  • The network allows users to use and own the platform

If you use a bank to send funds or save cash, there is a disconnect because the decisions are made by a separate party. In most of the cases, the goal is to optimize profitability either through add new rules. However, the Clams system does not belong to any one individual. As far as you have some stake and remain active, you will be called upon to help confirm transactions or vote when major decisions are being made.

  • The Clams network has been in operation for years and its system proved to be stable

Because cryptocurrencies are operated as fully decentralized platforms, the only way to tell that the features in them are working and reliable is seeing them work.

This requires a period of more than three years so that pump and dump schemes will have faded off.

The Clams network has been in operation since 2014 and its features have been tested and proven to work. Therefore, you can join the network and operate without worrying about losing your Clams coins or getting attacked.

How can Clams be categorized

Clams can be categorized as a truly decentralized network that is helping to shape the blockchain niche. Starting from 2014 when the founders created the core code, the development team appears committed to progressively work on new features to help the industry grow.

For example, the platform was prompt to use the proof of concept consensus algorithm and CLAMspeech. The enthusiastic team that is keeping the innovation wheel running is part of the reason why Clams’ popularity has been rising steadily.

What’s Clams’ vision on Security?

The Clams’ vision of security is to run the platform in a completely decentralized and secure manner. The development team was cognizant of the threats from interested hackers who wanted to take advantage of the rising demand for crypto coins. Here are some of the methods used to keep the Clams secure.

  • Advanced encryption
  • Proof of concept consensus algorithm
  • Regular update of the b Clams’ core code

Examples of Clams’ use cases / applications

The primary goal of creating cryptocurrencies was to ensure that as many people as possible can join and use them like the conventional currencies. This is only possible if the cryptocurrencies can be applied in multiple niches. Here are the main use cases of Clams.

  • Use Clams coins to pay for goods and products in the market.

As more stores come out to support cryptocurrencies, people with Clams coins will be able to make direct purchases. Note that even in the event that only a different coin is supported, it is still possible to make a purchase by converting to the accepted token.

  • Pay for transaction charges in the Clams network.

If you are sending value on the Clams network, a transaction fee is paid using the native coin. This is a very small fee used for supporting the development and motivating the miners in the Clams system. Note that this fee is very small compared to what the credit cards and banks charge.

  • Stake the native coins to mine more coins.

If you want to mine more coins in the Clams network, you are required to buy some stake and keep your node active. Therefore, you should start by purchasing the Clams coins and then keep the computer running while waiting for your turn to mine next block.

  • Use the coin to pay for government services.

Governments are changing their negative perceptions about cryptocurrencies. If you reside in a jurisdiction that supports cryptocurrencies, it is possible to pay for services with Clams coin. One good example is Arizona.

In April 2018, the Arizona government passed bill HB 1091 that allows users to pay for taxes using cryptocurrencies. When you pay taxes using Clams coin, they are converted to USD and credited to payer’s account.

In Singapore, you can also pay for government services after the administration indicated that there is no law that prevents sending of value using digital money. The primary goal is sending value.

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