CloudCoin phone

The Easy eCurrency for Everyone!




Compare to Bitcoin

Metric Bitcoin® CloudCoin™
Underlying Technology Cryptocurrency / Blockchain / Cryptography Cloud Currency / RAIDA (Unique to CloudCoin)
Spending Speed Transactions take 40 minutes or more for public ledger to update Takes milliseconds to authenticate (Unique to CloudCoin)
Theft Can be stolen 100% Safe if encrypted. Theft is eliminated if owner updates RAIDA before a theft can occur (Unique to CloudCoin)
Loss Loss is permanent. See: Man lost $67,000 in Bitcoin when he upgraded his computer Loss can be recovered (Unique to CloudCoin)
Counterfeits Can be mined Number of CloudCoins never increase or decrease, except when doubling (Unique to CloudCoin)
Privacy Pseudonymous / Pseudo-Anonymous 100% Anonymous (Unique to CloudCoin)
Software Requirement 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 Requirement Account Required. see Bitcoins: How We Got Busted No Account Required (Unique to CloudCoin)
Public Ledger of all transactions Uses Public Ledger which 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 Millions already lost. See: Theft And Mayhem In The Bitcoin World Hacked RAIDA servers can be fixed by CloudCoin owners (Unique to CloudCoin)
Quantum-Safe Bitcoin is not Quantum-Safe Yes! Quantum Safe (Unique to CloudCoin)
Storage Special software Required Printed on paper; Memorized as pass-phrases; On cell phones or computers, as text files or jpeg images; 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 a 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 called Notes
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 more like typical money in that 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


RAIDA

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 Independent Detection Agents: globally dispersed; self-healing; cloud-based; tests for authentication of CloudCoins; does not track transactions
Transaction Time Blockchain process takes between 15 and 45 minutes (or more) to make changes to the Blockchain RAIDA process takes less than 2 seconds to authenticate a CloudCoin
Authenticated by user's 32 byte private keys 400 bytes of unguessable authenticity numbers (like DNA), which change with every owner
Size The Blockchain Ledger was 100GB as of 1/16/2017 and continues to grow 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 are authenticated. CloudCoins have accounts; People trade ownership of CloudCoin accounts
Number of Accounts Number grows as people create accounts. So too does the size of the Blockchain 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, 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 A CloudCoin note holds its own information. Authentication data is globally spread out (stripped or shredded) across 25 Clouds per network
Transaction Method Requires Bitcoin Miners to crack codes faster than the next computer 25 random GUIDs* are sent from the CloudCoin to the RAIDA in parallel. (*Globally Unique Identifyer)
Account Expiration Accounts never expire. Money can be lost forever Accounts (CloudCoins) expire after two years, if not authenticated. Lost money can be recovered by owners
Account Setup Time Accounts require 3 to 4 days to set up. See: sync No accounts required. CloudCoin accounts are self contained. This allows for instance use
Public Ledger of All Transactions Uses Public Ledger which 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 millions 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 Miners (Counterfeiters) 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 The RAIDA infrastructure is very inexpensive; runs on many small clouds
Conclusion Blockchain uses technologies that will not be practical in the future. Try for yourself, but be ready to spend days downloading software and creating accounts. The RAIDA does everything the Blockchain does, only much faster and more reliably. Try it. Spend $5.00 and see what it's like.
Learn more about the RAIDA here!.


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