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Podcast: Epicenter - Learn about Crypto, Blockchain, Ethereum, Bitcoin and Distributed Technologies
Episode: Evan Kuo: AMPL - the Controversial Digital Currency With an Elastic Supply
Description: Ampleforth is a cryptocurrency attempting to become an essential building block to an alternative financial ecosystem. The protocol’s native token, AMPL, is a non collateralized cryptocurrency, like Bitcoin, but with a twist: It is supply elastic. This means the token and protocol will automatically increase or decrease the quantity of tokens held in user wallets based on 24 hour weighted volume price. AMPL operates as an ERC-20 token on top of the Ethereum blockchain. Some claim that the Ampleforth protocol’s implementation of “countercyclical” economic policy makes it a good complimentary collateral because they posit that this mechanis...