| Underlying Technology |
Crypto Currency / Blockchain |
Cloud Currency / RAIDA |
Both the RAIDA and Blockchain solve the physical integrity problem found in digital currencies. But RAIDA does it much faster, efficiently and privately |
| Spending Speed |
Spending takes 40 minutes or more to update public ledger and confirm. |
Takes milliseconds to check authenticity. Tests show that CloudCoin is the fastest payment system in the world. Faster than PayPal, CreditCard and even cash. CloudCoin defeats all cryptocurrencies in speed |
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.
The RAIDA is scalable. The more nodes that are added, the faster it gets. Bitcoin is becomming too slow to use as it become more populare. |
| Fees, Energy Use and Bandwidth Use |
Uses the same electricy as city. Huge fees |
Uses same electricity as a house. So efficient it is free to transact. |
CloudCoin's Energy & Bandwidth Use.
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| Theft |
Can be stolen |
100% Safe if encrypted. Theft can be stopped if owner updates RAIDA before 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. The Blockchain is publically accessible and vulnerable to quantum attacks. |
| Loss |
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, wipeing out their money. However, the CloudCoin owners simply send their Serial numbers (recovered from email) to [email protected] subeject
|
| Counterfeits |
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. |
| Privacy? |
Pseudonymous / Pseudo-Anonymous |
100% Anonymous |
CloudCoin maybe 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. |
| Software Required? |
Requires "Wallet" |
No special software needed |
We are developing a web page that will allow you to Pown your Cloudcoins. Until the webpage 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 harddrives 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? |
Account Required. see Bitcoins: How We Got Busted |
No Account Required |
CloudCoins themselves have the equivilant of accounts so you don't have to. The 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. |
| Quantum-Safe? |
Bitcoin is not Quantum-Safe |
Yes! Quantum Safe |
The United States NSA most likely has quantum computers that are designed for breaking enctyption. 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.
|
| Storage |
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. |
| Importable |
Bitcoin cannot be imported into video games or other apps. |
CloudCoin is the only real currency that can be imported and exported from software including video games. Add a new dimension to your software! |
Bitcoin are just notation on a public ledger. They do not exist in reality. CloudCoin are dispersed amoung all the owners. They can actually be imported into accounting systems and video gemes.
|
| Trademark |
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 |
| Fractions |
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. |
| Environmental Impack |
Bitcoin requires millioins of dollars in electricity. |
CloudCoin use very little electricity. |
CloudCoins are much more sustainable. |
| Conclusion |
First decentralized eCurrency |
Next generation decentralized eCurrency. See About CloudCoin |
Real CloudCoins can be tried now. |
CloudCoin.Global