RAIDA patent granted

Consortium Founder Sean Worthington’s patent for the underlying technology that makes CloudCoin work has been granted by the US Patent and Trademark Office.

This means the patent application, entitled “Method of Authenticating and Exchanging Virtual Currency,” will be protected from infringement or encroachment for a decade after issuance.

We now know the network of distributed, decentralized and independent servers, described in the patent application, as RAIDA (Redundant Array of Independent Detection Agents).

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Adrian Niculescu

Adrian Niculescu

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