Amalgam Whitepaper 1.0

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A M A L G A M W W W . A M A L G A M C O I N . C O M be one of the safest and most reliable tokens on the market due to its blockchain technology. In fact, JP Morgan built its Quorum enterprisefocused platform using the Ethereum blockchain protocol 2. INDUSTRY ANALYSIS With over 1200 cryptocurrencies currently available for purchase or trade in more than 6500 markets 3 and a current total market capitalization in excess of $204 billion, there is no shortage of tokens in which one can invest. However, many of these tokens have arbitrary values that are without any real-world use or utility. Subsequently, this equates to an inherent lack of stability in the value of these arbitrarily-released digital assets. Should a major party purchase a substantial portion of shares only to sell them off shortly after other investors, merchants and users alike would find the value of their tokens plummeting almost immediately; there is an innately unstable element to many tokens on the market. Until now… INTRODUCING AMALGAM Amalgam, built on the Ethereum blockchain, is fundamentally safer than almost all of its contemporaries. Amalgam’s protocol calls for an additional tier of encryption using what is known as a zeroknowledge proof. A zero-knowledge proof allows smart contracts within the blockchain to verify transactional history without knowing or revealing any of the underlying data belonging to parties included in said transactions. Additionally, Amalgam’s value is safeguarded in its correspondence to a price-weighted index of over 300 of the world’s most frequently traded cryptocurrencies available on the market. This allows Amalgam to be valued by its demand as an asset, its transactional frequency, and the overall health of the cryptocurrency market, further mitigating the risk of dilution or extreme depreciation. IMMEDIATE BENEFITS OF AMALGAM 2 “What is Quorum? Enterprise-ready distributed ledger and smart contract platform” 22 May 2017, https://www.jpmorgan.com/global/Quorum 3 “(ETH) Ethereum (ETH).” CoinMarketCap, Coinmarketcap.com, 15 Nov. 2017, coinmarketcap.com/currencies/ethereum/.
A M A L G A M W W W . A M A L G A M C O I N . C O M Amalgam being the world’s first Index-based cryptocurrency means that as a token, its value’s correspondence with a Price-Weighted index eliminates risk of a serious price crash. Amalgam’s blockchain smart contracts call for an additional level of encryption, protecting user information. Additionally, our team is developing smart contracts that prevent a major sell-off of AMG and subsequent price manipulation. The total amount of outstanding tokens of AMG will never exceed 100M, further eliminating risk of value dilution. Many of Amalgam’s partnering vendors will offer discounts for customers using Amalgam. For example, a pair of sneakers that costs $100 USD can also be purchased from the same vendor for $95 USD worth of AMG. The daily returns of our Price-weighted Cryptocurrency Index outpace the S&P 500 and Dow Jones. DESIGN ADVANTAGES According to IBM DeveloperWorks, Blockchain protocol mechanisms “provide the benefits of a consolidated, consistent dataset with reduced errors, near-realtime reference data, and the flexibility for participants to change the descriptions of the assets they own. Because no one participating member owns the source of origin for information contained in the shared ledger, blockchain technologies lead to increased trust and integrity in the flow of transaction information among the participating members.” 4 The blockchain database isn’t stored in any single location, meaning the records it keeps are truly public and easily verifiable. No centralized version of this information exists for a hacker to corrupt. Hosted by millions of computers simultaneously, its data is accessible to anyone on the internet. 5 4 Brakeville, Sloan and Perepa, Bhargav “Blockchain Basics: An Introduction to Distributed Ledgers” IBM, IBM. 9 May 2016, https://www.ibm.com/developerworks/cloud/library/cl-blockchain-basics-intro-bluemixtrs/index.html 5 Blockgeeks, “What is Blockchain Technology?” Blockgeeks, Blockgeeks.com. 1 Oct 2017, https://blockgeeks.com/guides/what-is-blockchain-technology/
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