CloudCoin is a digital currency that was introduced in 2016 as an alternative to existing cryptocurrencies like Bitcoin. It was created by Sean Worthington, who aimed to develop a currency that resolved some of the limitations and drawbacks associated with traditional cryptocurrencies.
CloudCoin operates on a unique model known as the "CloudCoin Consortium," which is a network of independent auditors and servers spread across the globe. These auditors are responsible for validating and maintaining the CloudCoin currency, ensuring its integrity and security.
CloudCoin differentiates itself from other cryptocurrencies by utilizing a technology called "RAIDA" (Redundant Array of Independent Detection Agents). Unlike blockchain-based cryptocurrencies that utilize a ledger to record transactions, CloudCoin uses the RAIDA protocol. This protocol allows for instant, private, and secure transactions without requiring a public ledger.
Furthermore, CloudCoin focuses on building a decentralized, anonymous, and global currency system. It doesn't require individuals to hold or manage private keys, providing simplicity and added security. Each CloudCoin doesn't have a specific value but can be divided into smaller denominations for ease of use.
For those who want to download the Cloudcoin logo, we have
compiled a list of all the major cryptocurrencies in PNG and SVG format. Our collection includes logos for Bitcoin,
Ethereum, Litecoin, Ripple, Dash, Monero, Zcash, and many more. All of them are available in PNG format. And if you
want to show support for one of the cryptocurrencies, our collection of logos is at your disposal, including
the Cloudcoin logo.