The October launch of the cryptocurrency Ethereum has brought a new wave of projects to the table. One project that has seen its fair share of attention is Accessibility: Money: Performance(AMP) , which aims to provide accessibility and access by reducing the barriers for consumers.
In this article we will do a price prediction for Accessibility: Money: Performance(AMP) using simple mathematical equations and our own experience in the market.
As a college student, I’m able to identify with this project on many levels including being unable to afford certain things such as books and academia itself. For my own education, I faced a situation wherein schools would not accept my college credits. As a result, I had to take general education classes that weren’t related to my major. If a company knew of this, they would automatically assume that because of this one incident I would be less educated and therefore undervalue me as an employee. As people know by now, the world runs on currency and in order to get any type of income you need money. Many people have gone through similar situations in life where they’ve been undervalued due to things out of their control or the fact that they simply do not have access to resources or information.
What are the minimum requirements for running a node?
Minimum requirements: 512MB RAM and 10GB free space.
Is there an API for third party development?
There is no API for third-party development, however there is a written specification of the API available on our website. It can be found here . This specification includes all of the main calls, as well as examples. The API can also be found in our Github repository here .
The reference client (AMP-RPC) is open source, so we will make it publicly available to everyone after it has been tested on our own private cluster.
What is the “AMP” token?
The AMP token is an ERC20 token. It will be used as a method of payment for every service or service-related purchase. The AMP token will exist within the Accessibility: Money: Performance layer and it does not have any value separate from that of its utility.
Is it possible for multiple people to connect to the private node instance?
Yes, it is indeed possible for multiple people to connect to the private node instance. This is commonly known as a ‘split-brain’. In order to prevent this from happening, you must run your own node locally with the same settings and configuration as the AMP network protocol. When you begin connecting to AMP-RPC your node must receive a unique public ID. When you leave, your node must stop receiving connections. It is possible for additional people to join the private node instance at any time and there is no limit on the number of nodes that can be connected at any given time.
What is the difference between Accessibility: Money: Performance(AMP) and the other NEM based blockchains?
There are three differences between other NEM based blockchains and Accessibility: Money: Performance (AMP)
- The two biggest differences are that AMP does not require/have a minimum transaction fee, nor does it have an ‘issue rate’. Each account on the chain has a maximum balance of 5 billion AMPs.
- AMPs can be sent to multiple recipients at once, as opposed to Stripes which requires an individual transaction for each recipient. Stripes is also only compatible with the currencies that are built by their foundation since they do not allow anyone else to build on their platform.
