Ampleforth Protocol
Ampleforth Protocol is a digital asset protocol that is blockchain agnostic initially being developed on the Ethereum Blockchain.[1] Ampleforth Protocol often referred to as Ampleforth, is uncorrelated to Bitcoin.[2] Ampleforth's advisors include Niall Ferguson of the Hoover Institution.[1]
History
Ampleforth received their first round of funding on December 10, 2018.[3]
Comparison To Bitcoin
Unlike Bitcoin, Amplforth Amples are not a deflationary asset. Ampleforth is designed to port volatility from price over to supply. Bitcoin has a fixed supply of 21 million and fluctuations in asset value are captured via changes in price. Ampleforth propagates pricing information into supply in effect moving the fluctuations in asset value from price and into supply.
References
- ↑ 1.0 1.1 Kelly, Jemima. "Niall Ferguson joins blockchain project Ampleforth". ftalphaville.ft.com. Retrieved 8 March 2019.
- ↑ Thomson, James (6 March 2019). "'I was very wrong': Niall Ferguson on crypto". Australian Financial Review.
- ↑ https://www.cbinsights.com/deal/ampleforth-seed-vc
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