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RAIDA technology
For 2017 CloudCoin positions itself as currency, the first in the history of mankind, which cannot be forged or lost. The company says that "production" of the competing Bitcoin system actually is falsification or issue of new bank notes. The same, consider in the company, concerns also the payment systems constructed on metal coins (from the new extracted metal new coins can be cast).
Unlike bitcoin, his main competitor, a klaudkoin does not assume the public register or accounts that does it completely anonymous while the bitcoin can be traced if the account number is connected with the owner. Kladkoin, unlike bitcoin, is not vulnerable to modern quantum computers. It is impossible to perform "mining" of klaudkoin, them always 16,777,216 that does klaudkoin by the first currency which cannot be forged or lost. But the main advantage in klaudkoina – their simplicity and speed of use. The entered jpeg-images make klautkoina similar to money. Transaction is performed less, than in 2 seconds while during the work with bitcoins 84 minutes on receiving confirmation are required. Purchase of klaudkoin will take several minutes whereas work with bitcoins requires days.
Check on authenticity of klaudkoin takes 1–2 seconds (bitcoins — from 10 to 40 minutes), and the procedure is carried out using simple a web of the page or application. At transactions with new currency the account and the e-wallet are not required for the user.
Klaudkoina aim to become more modern and convenient virtual currency in use, than the existing bitcoins. The main difference between currencies is that if the cryptography is the cornerstone of bitcoins, then kloudkoina are based on use of cloud computing. The idea of such authentication belongs to Sean Vorsingu who patented a system and the trademark in 2016. The new technology is called RAIDA (Redundant Array of Independent Detection Agents). It is the second technology (a blockchain is the first) helping to solve the problem of physical integrity characteristic of digital currencies.
2017
Development of design of "banknotes"
In June, 2017 in CloudCoin, new world electronic currency, not only the virtual, but also material embodiment appeared. The specialist, famous in Ukraine, in the field of web-design Bogdan Nikitin worked on appearance of notes. On notes of different face value historical characters are represented.
Distinctive feature of design of new notes is that on everyone any historical character who contributed to world development and also its most known saying is represented. The motto of the Russian prince Alexander Nevsky "Not in force God, and in the truth" which helped the famous soldier to win against the Swedish army became a slogan of currency. Alexander became the face of the 100-klaudkoinovy note.
On the 1-klaudkoinovy note the Unknown Rebel from Beijing who alone stopped a column of tanks in days of events in Tiananmen Square is represented.
The embodiment of the 5-monetary note selects Adam Smith, one of founders of the economic theory.
On the note of nomnaly 25 coins the third U.S. President Thomas Jefferson, one of authors of the Declaration of independence is drawn.
The note of 250 klaudkoin is decorated by a portrait of the thinker John Locke whose works had a huge impact on formation of political philosophy.
"All these people had before themselves one purpose – to make the person free, and the relations of the state and people – harmonious and observing the interests of each other", - Sergey Zhitinsky explains.
According to one of project participants on creation of new currency, the St. Petersburg cloud computing specialist and head of Git in Sky IT company Sergey Zhitinsky, creation of the "material" embodiment of virtual cryptocurrency it is dictated by the interests of its users.
"How people were technically advanced and competent, all the same what can be taken in hands seems to them more reliable", - Sergey Zhitinsky explains.
In the closest project plans of CloudCoin – completion of works on the client software. Are already available to downloading of the program for Windows and Android, in a closing stage of testing there is application for iPhone.
At the end of May the simplified version of the exchange on which the entrusted sellers can sell the klaudkoina is started. In June, 2017 entry of a klaudkoin into the decentralized exchange of trade in the DEX-TRADE cryptocurrencies allowing to buy and sell without effort cryptocurrencies and fiat money is planned.
Opening of sales points in several countries of the world
Internet users of the whole world got access to the new CloudCoin cryptocurrency on March 15. Already sales points of virtual money in several countries of the world including in India opened.
Obtaining the patent in the USA
In the spring of 2017 the virtual currency klaudkoin took out the international patent in the territory of the USA registered by the state organization United States Patent Office. The patent documented uniqueness of the offered technology which represents essentially new solution technically applicable in practice. Obtaining the patent means that the technology is protected by copyright, it cannot be copied and used for creation of other currency on the same technology, it guarantees lack of clones of currency.
See Also
- Blockchain (main article)
- Projects based on blockchain technology
- Consortium R3 - R3 manages consortium from more than 60 world's largest financial institutions for development of disruptive commercial applications for the financial services industry which use the corresponding elements of the distributed and general register technologies.
- Blockchain in Russia
- Bitcoin Cryptocurrency
- Open Ledger Project (alternative blockchain)
- MasterChain of the Central Bank of the Russian Federation
- Blockchain fund
- Digital Trade Chain (DTC)