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January

January 2018 / 4 posts found

10 reasons why CloudCoin is better than Bitcoin and will dominate the world of digital currencies

by admin

If you are not living under a rock you already know at least one or two things about the newest stars on the internet – Blockchain and Bitcoin (traded as BTC). There are public listed companies nowadays which added Blockchain to their name and became 300% more valuable in the span of just few days. The absolute harsh reality is that 95.89% of Bitcoins are owned by 3.47% of the wallets (September 2017 stats) this meaning at the end of the day that the owners of the wallets can manipulate the price of Bitcoins.

Also, for a transaction of $5 in Bitcoin equivalent the fees are $20 in average which makes a daunting task for BTC to be mass adopted in retail. If you also add the fact that it takes hours to even days to have a transaction confirmed then you simply understand that Bitcoin failed big time in becoming a mass adopted currency. The major payment platform Stripe announced recently that will stop processing Bitcoin transactions on April 23, 2018. Stripe staff anounced this on the blog: “Over the past year or two, as block size limits have been reached, Bitcoin has evolved to become better-suited to being an asset than being a means of exchange. Given the overall success that the Bitcoin community has achieved, it’s hard to quibble with the decisions that have been made along the way. (And we’re certainly happy to see any novel, ambitious project do so well.)

This has led to Bitcoin becoming less useful for payments, however. Transaction confirmation times have risen substantially; this, in turn, has led to an increase in the failure rate of transactions denominated in fiat currencies. (By the time the transaction is confirmed, fluctuations in Bitcoin price mean that it’s for the “wrong” amount.) Furthermore, fees have risen a great deal. For a regular Bitcoin transaction, a fee of tens of U.S. dollars is common, making Bitcoin transactions about as expensive as bank wires.

Because of this, we’ve seen the desire from our customers to accept Bitcoin decrease. And of the businesses that are accepting Bitcoin on Stripe, we’ve seen their revenues from Bitcoin decline substantially. Empirically, there are fewer and fewer use cases for which accepting or paying with Bitcoin makes sense.” Read here the entire article on Stripe’s blog! 

Randi Zuckerberg just tweeted today about CloudCoin

by admin
Randi Zuckerberg just tweeted today about CloudCoin after a conversation with Sean Worthington, the founder of Raida and CloudCoin. Randi is the former Director of Market Development and spokesperson for Facebook, and a sister of the company's co-founder and CEO Mark Zuckerberg. Prior to working at Facebook, she was a panelist on Forbes on Fox. As of May 2014, she is founder and CEO of Zuckerberg Media. CloudCoin is on the way to become a global, widely adopted digital currency and CloudCoin Consortium thanks Randi Zuckerberg for the mentions.

CloudCoin launches in Beta the automated exchange CloudCoin.exchange

by admin
in news

The beginning of 2018 brings a major leap in the development of CloudCoin – one of the most innovating projects in the digital currency space, the launch in Beta of the automated exchange CloudCoin.exchange. The digital currency CloudCoin runs on RAIDA, the only functional alternative to Blockchain solving three major problems faced today by the Bitcoin users:

1. CloudCoin transactions are 100% anonymous compared with Bitcoin ones where all the transactions can be tracked via the public ledger.
2. CloudCoin transactions are instant, compared with Bitcoin ones which can take hours and even days to be confirmed by the network;
3. RAIDA is fully scalable where scaling Blockchain is like wanting to build a Tesla car on the chassis of a car from the ’90.

Since the beginning of the early adoption in March, thousands of people from all around the world were exposed to the technology and also had the opportunity to become owners of CloudCoins. And many of them expressed interest to start trading their CloudCoins which helps the liquidity of the digital currency and leads to an increased market value for CloudCoins. 

Where did all the oil go? CloudCoin and RAIDA in the press

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Phil Flynn is senior energy analyst at The Price Futures Group and a Fox Business Network contributor. He is one of the world’s leading market analysts, providing individual investors, professional traders, and institutions with up-to-the-minute investment and risk management insight into global petroleum, gasoline, and energy markets. His precise and timely forecasts have come to be in great demand by industry and media worldwide and his impressive career goes back almost three decades, gaining attention with his market calls and energetic personality as writer of The Energy Report.
Recently Phil featured CloudCoin and the RAIDA technology in an article which started by analysing the trends in the price of oil, went through few crypto pairs on Coinbase and mentioned our currency as the solution to end Bitcoin’s crazy fees, exhausting processing times and Blockchain’s lack of scalability.