What are CloudCoins?
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.
How it works
CloudCoin is the first Cloud Currency and is not a CryptoCurrency. CloudCoin gets its value from 400 bytes 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 as a passphrase in your head. These numbers can be checked for authenticity by RAIDA (Redundant Array of Independent Detection Agents) technology. RAIDA is the world's first decentralized authentication system. It is distributed among over 25 different countries and governed by the CloudCoin Consortium, an independent consortium of members using a patent-pending revolutionary process.
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 double-spent
Redundant Array of Independent Detection Agents. The RAIDA is a global counterfeit detection system that is indestructible and cannot be tampered with or hacked. Neither nuclear bombs, comet strikes, world wars, dictatorships or government hackers can bring down the RAIDA. Quantum safe, self-healing, simple, fast and reliable, the RAIDA can detect the authenticity of a CloudCoin within milliseconds.
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.
In traditional monetary systems, the people who "have" the money own it. With CloudCoins, the people that "know" the money own it. CloudCoins use a new technology called RAIDA that does what Bitcoin's Blockchain does, only much better. And you are one of the first people in history to use it!
In order to own these coins you must pown (password-own and change all the internal authenticity numbers) so only you have them.
This requires software to contact the RAIDA and change. This software can be downloaded from the links below. Please keep in mind that the software is provided is as-is with all faults, defects and errors, and without warranty of any kind. Free from the CloudCoin Consortium.
However, powning is not necessary to possess the coins. They will be fully valid and you do not need any software in this case. But there will be a chance that the previous owner will pown them. So, we recommend to pown coins if you do not trust the buyer
Detect Authenticity & Powning
Use one of our Applications
Validate online. No powning
Import online. 10 coins per import
All transactions are private
With CloudCoin, there is no information linked to users. The only data RAIDA records is the last year and month (not the day or time) a unit was spent and this information is overwritten every time the unit is spent. It is impossible to link any person to any expenditure.
Easy to spend and exchange
You do not rely on a "public ledger". You do not need exchanges. 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 do not need to be a smarty with computers or software. If you trust the people you are doing business with, you do not 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!
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 haven't been spent for two years. So we give them back to you!
You can find more technical information about CloudCoins and RAIDA here: https://www.cloudcoinconsortium.org/standards.html
Also, please have a look at CloudCoin white paper