||Crypto Currency / Blockchain
||Cloud Currency / RAIDA
||Both RAIDA and Blockchain solve the physical integrity problem found in digital currencies. But RAIDA does it much faster, more efficiently and privately
||Spending takes 40 minutes or more to update public ledger and confirm.
||Takes milliseconds to check authenticity.
||Blockchains are not scalable. As the number of users and transactions and nodes increases, the time to confirm a transaction also increases: Bitcoin Average Confirmation Time. RAIDA is scalable. The more nodes that are added, the faster it gets. Bitcoin is becoming too slow to use as it becomes more popular.
||Can be stolen
||100% Safe if encrypted. Theft can be stopped if owner updates the RAIDA before the thief.
||To keep your CloudCoins safe, you should send them over encrypted channels and store them on encrypted media. Note that quantum computers could crack your encryption. But they would need to have access to your files first. Blockchain is publicly accessible and vulnerable to quantum attacks.
||Loss is permanent. See Guy Lost $67,000 in Bitcoin When he Upgraded His Computer
||Loss can be recovered
||An example: There have been CloudCoin owners and Bitcoin owners who reinstalled their operating systems, wiping out their money. However, the CloudCoin owners simply send their Serial Numbers (recovered from email) to [email protected]
||Can be mined
||Number of CloudCoins does not increase or decrease
||CloudCoin is the first currency to have a fixed amount so that no money is added or lost.
||Pseudonymous / Pseudo-Anonymous
||CloudCoin may be the most private currency ever created in human history. This is because there is no public ledger that requires accounts and because CloudCoin can be sent like cash over a computer using encrypted channels.
||No special software needed
||We are developing a Web page that will allow you to Pown (password-own) your CloudCoins. Until the Web page is finished, you will need to download client software but it is a very quick download.
|Time to get started
||Takes over 24 hours to download blockchain. See Why is downloading blocks taking longer and longer?
||No downloads required
||With Bitcoins, to be safe, you must download a so-called “Desktop Wallet.” This means you must download the Blockchain. The Blockchain is now over 130 Gigabytes and takes days to download. You can see the current size here: Blockchain Size. Soon the Blockchain will be too big to fit on hard drives and will take months to download. CloudCoins do not store data on a public ledger but instead store the data within themselves. No downloads required.
||Account Required. see Bitcoins: How We Got Busted
||No Account Required
||CloudCoins themselves have the equivalent of accounts so you don’t have to. RAIDA manages all these accounts.
|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?
||With Bitcoin, every time you send or recieve money, those transactions are tracked. Anyone who discovers you account ID can know what you have been doing.
||Bitcoin is not Quantum-Safe
||Yes! Quantum Safe
||The United States NSA most likely has quantum computers that are designed for breaking encryption. In theory, the Bitcoin Blockchain can be cracked in under two minutes with a quantum computer. The Blockchain may already be controlled by governments with quantum computers.
||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. See How will you store your CloudCoins?
||We are now working on software to show that CloudCoin is the first currency in human history that can be stored in one’s mind.
||Bitcoin cannot function as a crossover currency.
||CloudCoin is and can function as a crossover currency that can be imported and exported from software, including video games. Add a new dimension to your software!
||Bitcoins are just notations on a public ledger. They do not exist in reality. CloudCoins are dispersed among all the owners. They can actually be imported into accounting systems and video games.
||Bitcoin is a registed trademark of Mt. Gox
||CloudCoin has been registered so that it can be used as a general term throughout the digital currency ecosystem.
||CloudCoin trademark is in progress.
||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.
||People have a much easier time thinking about prices when expressed in integers.
||Bitcoin requires millioins of dollars in electricity.
||CloudCoins use very little electricity.
||CloudCoins are much more sustainable.
||First decentralized digital currency
||Next-generation decentralized digital currency. See About CloudCoin
||Real CloudCoins can be tried now.