Easiest, Most Private, Safest!
CloudCoins 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.
The CloudCoin Consortium was created in October 2016 by its founding member Sean Worthington. June of 2016, Mr. Worthington was sitting in his bath listening to the Stephan Molynuex Philosophy program when he realized that monetary systems are physical implementations of information systems and that money is data. If the principles of good data could be applied to money then a perfect monetary system could be created. Worthington was working on a PhD (Computer Information Systems) dissertation on artificial intelligent object recognition system that could recognize money for vending machines.
In August 2016, Worthington minted 16,777,216 CloudCoin notes and registered them with the RAIDA – then in experimental development.
After filing a provisional patent he set out to create the RAIDA. The provisional patent was granted (#62354022). Because monetary systems are information systems, Worthington first needed to recruited world-class Systems Administrators throughout the world.
Our Mission & Values
To provide a “perfect” global currency that cannot be counterfeited, double-spent, mined or lost; Digital Currency that is 100% private, requires no public ledgers, accounts, or even encryption; a monetary system that is absolutely fair and ethical and requires no special software or downloads.
Fast RAIDA Technology
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Sean Worthington updates us on Independence Day, FeedomFest, BitShares trading, New cloudcoin.global website to debut and more.
July 11 is the target date for CloudCoin integration into the BitShares ecosystem. BitShares will allow anyone to buy and sell CloudCoins using that platform and greatly expand liquidity options. Digital currency analysts will be watching the launch closely to see how the first public trading affects the volume, trading price and market capitalization of CloudCoin.