CloudCoin are composed of codes embedded in files, stored on paper or remembered in your mind. These codes can only be used once and then they change making it so that CloudCoins cannot be counterfeited, mined, double spent or destroyed. The total amount of CloudCoins in the cloud never changes - except if CloudCoin becomes too valuable and then everyone's CloudCoin is doubled. Unlike Bitcoins that can are mined into existence, CloudCoins were minted and then the mint was destroyed. There are exactly 16,777,216 units and this cannot be increased or reduced because the number is based on the length of the Serial Number in bits. As the value of CloudCoins increase, the number of networks will be doubled. Adding networks will also increase the performance and availability of CloudCoins. When doubling happens, everyone who owns CloudCoins will then own the unit on the new network that has the same serial Numbers as there currencies they own. In this case, the doubling of money makes all CloudCoin holders richer. The procedure of doubling also doubles the number of cloud servers in the RAIDA.
When CloudCoins are spent they are authenticated by the RAIDA which changes there authenticity numbers so that only the new owners knows them. This authentication process takes place in parallel where the users Internet browser (such as Google Chrome, Internet Explorer, Firefox, Safari) contact twenty five Clouds of servers (all at once instantly). Because each RAIDA authenticator has only one state - CloudCoins cannot be doublespent unlike Bitcoins which have beendouble spent.
Transactions are not tracked in block chains! There are no public ledgers! Blockchaings such as Bitcoin are Pseudo-Anonymous, you have to create an account and download software as well as a huge public ledger. Your account information is available to the public. All they have to do is link you to the account number by getting at your software.
With CloudCoin, there is no information linked to users. The only data the RAIDA records is the last year and month (not the day or time) a unit was spent and this information is over-written every time the unit is spent. It is impossible to link any person to any expenditure.
You don't rely on a "public ledger." You don't need exchanges. With Bitcoin, you have to create an account and download software as well as a huge public ledger. With CloudCoin there are many options. You can use Skype or another face to face software to share a desktop and transact. You can send them over email, Facebook or USB drive. You can buy and sell them instantly with PayPal. You can use your cell phone and you don't need to be a smarty with computers or software. If you trust the people you are doing business with, you don't even need a computer. We also have an easy to use classified website so you can sell your products and services for CloudCoins. Make purchases and get work paid in CloudCoins!
CloudCoin is the first Cloud Currency and is not a CryptoCurrency. CloudCoin gets its value from 400 byes of random numbers embedded in jpegs or text files. A less secure option is to store your CloudCoins on paper by printing them as Barcodes or Qrs or by remembering them a passphrase you you head. These numbers can be checked for authenticity by the RAIDA (Redundant Array of Independent Detection Agents) technology. The RAIDA is the worlds first decentralized authentication system. It is distributed among over 25 different countries and governed by the CloudCoin Consortium, an independent consortium members using a patent pending revolutionary process.
Clouds are highly redundant stores of data that can survive huge attacks without going down. We place clouds in Taiwan, Japan, Philippines, Australia, Canada, US, Mexico, Venezuela, Brazil, Argentina, Britain, Sweden, France, Germany, Switzerland, Greece, Italy, Russia, Romania, Hungary, India and South Africa
They could all go down and so long as one still remains, the CloudCoins are safe. If and when they do go down, they can be replaced and repaired.The data is actually stored within the CloudCoins themselves and each CloudCoin has the ability to heal any servers that may fail.
But what if you lose your CloudCoins? If you can remember your serial numbers and the month and year you lost them, they can be recovered if you file a loss claim. We assume that if you know the serial numbers along with the month they were lost, they must be yours if they havn't been spent for two years. So we give them back to you!
This feature also allows you to recover your lost Cloud Coins. If you lose you coins, put in a loss report and if the coins are not spent within two years, you can reclaim them! Unclaimed lost CloudCoin pay for the system. Every time someone takes ownership of CloudCoins, the month and year is stamped on each of the twenty five RAIDA server data structures. This is the only data that is collected about authentication. The RAIDA servers are independent and do not exchange information except for information about CloudCoins that have gone two years without being authenticated. It is assumed that these units have been lost. The RAIDA operators send their data to a central repository where it is put together to recreate the lost CloudCoins. The recovered CloudCoins are then distributed amount the 25 Quorum members to pay for their operations. That makes the system free for all forever!
You can make the JPGE any image you like! Its fun! Express yourself! Use them to advertise your services or products. Or you can print them out and stick them in your wallet just like any other money. Want to save them in your brain so no one can hack them? You can do that! Just write the Serial Numbers down and create a sophisticated pass phrase and, don't for get it! You can go to our webpage that allows you to add your CloudCoins to any JPEG. Do anything you want with them! You can put as much cloud coins in any image that you like. Each image is like a wallet.