The Future of Currency!

What are CloudCoins?

CloudCoins provide a theoretically "perfect” global currency that cannot be counterfeited, double-spent, mined or lost. Your exchanges are 100% private, requiring no public ledgers, accounts, or even encryption. CloudCoins form a monetary system that is absolutely fair and ethical and requires no special software or downloads, and, like the Internet itself, cannot be brought down by governments, hackers or even nuclear weapons.


CloudCoins consist of 3,200 bits of secret data that only the owner knows. These bits are written into jpg images or in text files that can be stored on your computer and sent to your people by email, Skype, SMS, Facebook or even by regular old paper mail.

How to use CloudCoins?

When you want to buy something, you will share the secret numbers with the seller. Now you and the seller know the numbers. Anyone who has the numbers can change the numbers using the RAIDA. There are servers on the Internet that work with other servers to create fault-tolerant storage systems called Clouds. The RAIDA is made up of 25 Clouds located all around the world in different jurisdictions and run by independent RAIDA administrators.

What is RAIDA?

Redundant Array of Independent Detection Agents. The RAIDA is a global counterfeit detection system that is indestructible and cannot be tampered with or hacked. Neither nuclear bombs, comet strikes, world wars, dictatorships or government hackers can bring down the RAIDA. Quantum safe, self-healing, simple, fast and reliable, the RAIDA can detect the authenticity of a CloudCoin within milliseconds.

Compare to Bitcoin

Metric

Bitcoin®

CloudCoin™

Underlying Technology

Cryptocurrency / Blockchain/Cryptography

Cloud Currency / RAIDA (Unique to CloudCoin)

Spending Speed

Spending takes 40 minutes or more to update public ledger.

Takes milliseconds to check authenticity (Unique to CloudCoin)

Theft

Can be stolen

100% Safe if encrypted. Theft can be stopped if owner updates RAIDA before thief. (Unique to CloudCoin)

Loss

Loss can be recovered (Unique to CloudCoin)

Counterfeits

Can be mined

Number of CloudCoins does not increase or decrease (except when doubling) (Unique to CloudCoin)

Privacy?

100% Anonymous (Unique to CloudCoin)

Software Required?

Requires "Wallet"

No special software needed (Unique to CloudCoin)

Time to get started

Takes over 24 hours to download blockchain.

See Why is downloading blocks taking longer and longer?

No downloads required

Account Required?

Account Required. see Bitcoins: How We Got Busted

No Account Required (Unique to CloudCoin)

Public Ledger of all transactions

Uses Public Ledger that is available to the entire world including the KGB, CIA, China etc.

There is no public ledger or centralized database. See: What is the ​RAIDA​? (Unique to CloudCoin)

Hackable

Hundreds of Million already lost. See Theft And Mayhem In The Bitcoin World

Hacked RAIDA servers can be fixed by CloudCoin owners (Unique to CloudCoin)

Quantum-Safe?

Yes! Quantum Safe (Unique to CloudCoin)

Storage

Special software Required

Printed on paper, memorized as pass-phrases, in cell phones or computers as text files or jpeg images or offline on any storage device. Encryption is optional. (Unique to CloudCoin)

Infrastructure Funding

Bitcoin is funded primarily by Bitcoin miners who allow their servers to be used publicly. Anyone can be Bitcoin Miner (Counterfeiter).

CloudCoin authentication by RAIDA Administrators is funded with CloudCoins that have been completely lost or abandoned and recovered by the CloudCoin Consortium. RAIDA Administrators must be Certified by the CloudCoin Consortium (Unique to CloudCoin)

Importable

Bitcoin cannot be imported into video games or other apps.

CloudCoin is the only real currency that can be imported and exported from software including video games. Add a new dimension to your software! (Unique to CloudCoin)

Trademark

Bitcoin is a registered trademark of Mt. Gox

CloudCoin has been registered so that it can be used as a general term throughout the digital currency ecosystem.

Fractions

Bitcoin uses insane fractions like .000002

CloudCoin uses only integer denominations (whole numbers like customary money) and doubles if too valuable to scale to user's needs. Comes in denominations of 1, 5, 25, 100 and 250 CloudCoin units.

Analogy

Like the stone money of the Island of Yap, bitcoin uses a public accounting system that all can see. This system is not private and open to attack.Stone Coin

CloudCoin is like typical money because it forms a distributed accounting system where each person is in charge of their piece of the system's data.Billfold with coins

Conclusion

First decentralized eCurrency

Next generation decentralized eCurrency. See About CloudCoin

Blockchain vs RAIDA

Metric

Bitcoin's Blockchain

CloudCoin's RAIDA

Definition

A digital ledger in which transactions are recorded chronologically and publicly.

A Redundant Array of Independents Detection Agents that is globally dispersed, self-healing, 

cloud-based and tests for the authentication of 

CloudCoins and does not track transactions.

Transaction Time

Blockchain process takes 15 minutes or more to make changes to the Blockchain.

RAIDA process takes less than 2 seconds to authenticate a CloudCoin.

What is authenticated

Users' 32 byte private keys

CloudCoins use 400 bytes of unguessable authenticity numbers (like DNA) that change with every owner. 

Size

The Blockchain is 100GB as of 1/16/2017. Grows as transactions are added. Expected to grow too large for most hard drives within a few years... and keep growing.

Fixed size 500MB per RAIDA Cloud. Never grows or shrinks.

Account Holders

People are authenticated. People have accounts and may have many accounts.

CloudCoins themselves. CloudCoins have accounts and people trade ownership of these CloudCoin accounts.

Number of Accounts

Number of accounts fixed at 16,777,216 ( a 24 bit number)

Transaction Method

Each person has one or more accounts and each account changes values.

People exchange account ownership and each account (CloudCoin) is worth a fixed amount. Denominations are 1s, 5s,25s, 100s and 250s.

Fault Tolerance

The Blockchain is protected from hacking by encryption. Quantum computers run by governments most likely can already crack the Blockchain's encryption.

The CloudCoins hold the information themselves. Authentication data is spread out (Stripped or shredded) across 25 Clouds per network globally in different jurisdictions.

Transaction Method

Requires Bitcoin Miners to crack codes faster then then next computer.

25 random guids are sent from the CloudCoin to the RAIDA in parallely.

Account Expiration

Accounts never expire and this means money can be lost forever.

Accounts (CloudCoins) expire after two years if not authenticated. This means that lost money can be recovered by the owner.

Time to setup an account

Account Required 3 to 4 days to . see sync

No account required. All CloudCoins already have accounts. This allows instance use.

Public Ledger of all transactions

There is no public ledger or centralized database. See: What is the RAIDA? (Unique to CloudCoin)

Hackable

Hundreds of Million already lost. See Theft And Mayhem In The Bitcoin World

Hacked RAIDA servers can be fixed by CloudCoin owners (Unique to CloudCoin)

Infrastructure Funding

Bitcoin is funded primarily by Bitcoin miners who allow their servers to be used publicly. Anyone can be Bitcoin Miner (Counterfeiter).

CloudCoin authentication by RAIDA Administrators is funded with CloudCoins that have been completely lost or abandoned and recovered by the CloudCoin Consortium. RAIDA Administrators must be Certified by the CloudCoin Consortium (Unique to CloudCoin)

Infrastructure Costs

Huge computers requiring huge amounts of electricty are required.

A lot of small clouds are required. The RAIDA infrastructure is very inexpensive.

Conclusion

Blockchain uses technologies that are not practical in the future. Try it yourself but be ready to spend days downloading software and creating accounts.

The RAIDA does everything that the Blockchain does, only much faster and more reliable. Try it yourself. Spend $5.00 and see what it is like. Learn more about the RAIDA.