This past week, I talked my friend into buying a hundred dollars worth of CloudCoin.
So now, I got 200 bucks invested plus my friends hundred bucks for a total of 300 bucks.
An interesting article ....... I don't know the writer of this article ..... and this article might just be some sales propaganda. Like Click-Bait or whatever.
The most important mention .... and the reason I first invested in CloudCoin ...
Bitcoin only does seven transactions [per second] but we can do 100,000 transactions per second once we get up and going – we’re doing about 25,000 right now.”
Although not mentioned in this story, .....CloudCoin also brags about having the ability of processing 25 percent more transactions per second than current VISA processing does.
How new currency stands out from the cloud
By James Burton
May 25, 2018
https://www.wealthprofessional.ca/market-talk/how-new-currency-stands-out-from-the-cloud-242942.aspx
Sean Worthington invented its RAIDA (Redundant Array of Independent Detection Agents) platform, which, unlike bitcoin, does not require public ledgers or accounts and is instead based on the CloudCoins themselves possessing that information. Passwords allow people to transfer coins on what Worthington calls the “most private currency in the history of humanity”.
CloudCoin is set to be tradeable on BitShares within two months, although the currency, which went live just over a year ago, can still be bought in the meantime.
Worthington said that while blockchain was the first system to address the physical integrity problem of digital money, his RAIDA database is the superior model.
He said: “We built on DNS technology and created the RAIDA, a database that cannot be brought down. It’s a super base. It doesn’t track anything except for money that is counterfeit.”
He added: “Just in general it’s better in every single metric. But the way that the blockchain works is that it tracks every single transaction that ever happens and so it takes a database that you can write to and add to but you cannot delete or alter records that have happened in the past because of the structure of this thing.”
Worthington argues that blockchain has to grow and grow with each transaction and currently sits at about 160 gigabytes. CloudCoin, he believes, has more potential.
He said: “It’s globally scalable.
Bitcoin only does seven transactions but we can do 100,000 transactions per second once we get up and going – we’re doing about 25,000 right now.”
While admitting the space is ultra-competitive, Worthington believes the RAIDA is what separates his currency from rivals. He also believes now is the time for investors to take a punt on its success, predicting at least a double-your-money return.
“I think we have a right to be in the market; we are competing very well and we are going to rise to the top. There are 1,500 other currencies but they are all dependent on the blockchain for integrity and ours is the only one that uses the RAIDA. We have a lot of unique advantages over all of them.”
He added: “Cloudcoin is very new and it’s not even on an exchange so it’s very cheap. You are getting in on a new technology that’s on the bottom floor, so the chances of it rising greatly are much more than with other currencies, who are well established.
“Also, currencies usually take about two years before they start taking off. If someone was to hold on to it for year, they would double their money at least or do quite a bit better.”