Bitcoin.com Exchange to List CloudCoin as the First Digital Asset with No Blockchain
CloudCoin (CC) is a cloud-based digital currency, claiming to be the most perfect digital currency ever. CloudCoin was designed based on the founder’s Theory of Perfect Money to overcome the failings of existing technologies. Problems solved include confidentiality, availability, integrity, usability, and efficiency. Cloudcoin has a fixed supply and has no transaction fees.
NOTE: To speed up integration with Bitcoin.com Exchange, an Ethereum Token will be used for trading until CloudCoin can be fully integrated with the exchange. This token is called CloudCoin Etherium (CCE). You can trade CCE for CC and vice versa at Cloudcoin.com.
For the time being, CCE will be listed with BTC, BCH, ETH, and USDT trading pairs.
Bitcoin.com Exchange is thrilled to announce the upcoming listing of CC on the 12th of October 2020 at 10:00 UTC. CC was created by the CloudCoin Consortium, under founding member Sean Worthington.
What are CloudCoins?
CloudCoins are the world’s first digital cash. In traditional monetary systems, the people who “have” the money own it. It is the same concept as CloudCoin. CloudCoins are files. If you have the files, then you have the authenticity codes. When you make a purchase, you give the other person the files and then they too have the codes. Anyone with the codes can change codes. They change the codes and now the CloudCoins files belong to them because they are the only ones who know the codes.
Why should one choose CloudCoins?
CloudCoin has a number of unique properties that make it superior to all other monetary systems:
CloudCoin is not pseudo-private like crypto. No transactions are recorded. No user accounts, logins, or passwords are needed. There is no ledger and there is nothing that is public. You can send CloudCoins via email and hide them inside of files such as jpegs, PDFs, or anything.
Founder Sean Worthington coined the phrase “Data Supremacy”. This is when a database cannot be brought down or tampered with by governments, hackers, and even the founders who created it. Worthington says “The blockchain has achieved data supremacy. But we noticed another data structure that also achieved data supremacy: The DNS (Domain Name System) root servers. The DNS root servers have never gone down since the day they were created in 1985. They are used by billions of people trillions of times a day. Instead of basing our currency on the Blockchain, we based it on DNS. We created a new data structure called RAIDA (Redundant Array of Independent Detection Agents).
Like the DNS, the entire world’s population can use the RAIDA thousands of times per day. It is 100% scalable. The RAIDA has never gone down since its creation in 2016. It uses an incredibly small amount of electricity so it will never become too expensive to operate. So little that CloudCoin has no fees. NO GAS!
Like the DNS Root servers that are spread out over many countries, the RAIDA is spread out over 25 national jurisdictions. The RAIDA’s only function is to authenticate. It knows nothing about who owns the currency and there is no way to determine previous or present owners. Like cash, the money is spread out among its owners, not centralized on a blockchain.
Other features include that it is quantum-safe. It can be recovered if lost. Theft can be mitigated. It is the first crossover currency that can go into games and virtual reality, be traded, and then be removed. It has no inflation. And it is easier to use than Crypto.
Danish Chaudhry, Head of Bitcoin.com Exchange, shared his views on the CloudCoin platform and how a coin with no effective blockchain became listed on a cryptocurrency exchange: “CloudCoin is a project unlike any other in the crypto field, and with our dedicated and tech-savvy team we’ve found a way to get this token listed on our platform, and available to trade with other popular coins and tokens among our community. I believe this project will stand the test of time, and revolutionize other platforms looking towards multiple technologies to list their token. With CloudCoin’s speed, it’s practically a no brainer. ”
Sean Worthington, Founder of CloudCoin, added: “CloudCoin’s goals are to achieve Liberty, Privacy, and Prosperity. Those who want a deep dive into CloudCoin are encouraged to read my book “Beyond Bitcoin: The Future of Digital Currency”.
NOTE: To speed up integration with Bitcoin.com, an Ethereum Token will be used for trading until CloudCoin can be fully integrated with the exchange. This token is called CloudCoin Etherium (CCE). You can trade CCE for CC and vice versa at Cloudcoin.com.
About Bitcoin.com Exchange
The mission of Bitcoin.com Exchange is to empower people from all over the world to trade cryptocurrencies with ease and confidence, from first-time traders to advanced trading professionals. With high liquidity, 24/7 multilingual support and dozens of trading pairs, complemented with a high level of security, we offer an attractive platform for trading any cryptocurrency. Within one year since launch, on average, our exchange has been visited by more than 500K active traders per month, and this number continues to grow as you read this sentence.
CloudCoin’s Mission Statement: Our mission is to provide a “perfect” global currency that cannot be counterfeited, double-spent, or permanently lost; a currency that is resistant to theft; a currency that is 100% private, requiring no public ledgers, accounts, or even encryption; a currency that is so efficient that it needs no fees; a currency with a fixed supply, therefore no inflation; a decentralized monetary system that is absolutely fair and ethical that cannot be manipulated, monitored, or brought down by banks or governments.
Bitcoin.com Exchange Contact: email@example.com
CloudCoin Contact: CloudCoin@Worthington.net