CloudCoin NEWS

NEWS: We will begin deployment of the new Sentinel / Detection agents on December 12th. The first one will go in the Czech Republic. This will increase the amount of detection agents to eventually 800 and make a RAIDA the best monetary system in the world. NEWS: We will launch a new exchange but this one will have buyer and seller ratings to make things more dependable. And it will be automated:RAIDA Realm
The RAIDA Kerberos Domain/Realm Exchange


The RAIDA Realm consists of network resources that accept tickets from the RAIDA for the purpose of Authenticity and allow for the granting of permissions and rights. These resources allow massive collaboration and trust development between peoples and machines globally without a central authority that can control or know the private details of the users.

NOTE: Not all of these resources will have Data Supremacy (meaning they could be vulnerable to governments, hackers etc). Anyone in the world could create a RAIDA Realm resource as there is no way to regulate them. Achieving Data Supremacy is more difficult and expensive.

RAIDA Realm Resources Developed or under development:

Jpeg Server
RAIDA User Profile Server
CloudServer Communications Broker
RAIDA Data Storage
RAIDA Chat
RAIDA Social
CloudWorld VR
Distributed Exchanges
Distributed Markets


The Exchange

Purpose:
To allow people to exchange:
CloudCoins for Checks (ACH) Green.money
CloudCoins for PayPal
CloudCoins for Stripe
Be expandable to other currencies and payment methods
The store will be added that will allow people to also sell merchandise.


Overview:
The Exchange works in conjunction with the new Advanced Client (CloudCoin Advanced Desktop Client and Server) now under development. The Advanced Client being written in Java and uses the Java Spring Boot technology to create a web server. The software is scheduled to be available for testing January 15th 2019.

Because of laws regarding Exchanges, the central exchange server does not hold or transport coins but only provides information:
1. Allows the sellers of CloudCoin to advertise the price and amount of CloudCoins they have for sale.
2. Provides the URLs of sellers to buyers.
3. Allows buyers and sellers to see each other's profiles and histories.

How it Works:
Each Buyer and seller takes one CloudCoin and puts it into their ID folder on their advanced Client. So the Buyer and Seller must have a CloudCoin to use as an ID. The Serial number of this CloudCoin will be used as a unique identifier so that the user can be identified. This SN allows the user to be linked to a profile. The profile may include information about the user, their history of purchases and sales, and the buyer and seller's ratings.

The Actual profiles may be kept in a shared public profile server that allows any resource on the RAIDA Realm to access the profile. So the Profile server and the Exchange Server may be separate (Note Requires the creation of a Profile Server). The Profile server may hold general info about the users while a separate Exchange Profile (which is controlled by the Exchange) tracks buyer and seller ratings.

The Sellers of CloudCoins can open their Advanced Client and mark CloudCoins for sale and at what price. Note that sellers can also open an account on someone else's Advanced Client (AKA CloudBank) if they don't want to bother hosting their coins themselves.

The Advanced Client will send a "Coins For Sale" notification to the exchange that specifies how many coins for sale, what price and the minimum buyer's rating allowed. The Coins for Sale notification includes the user's ID (CloudCoin Ticket) and URL or IP address of the Advanced Client. The check the ticket with the RAIDA to make sure the user is who the say they are. Then it will put the sales info in the list.

Buyers can log into the Exchange and see a list of all sellers. They can organize the list by price, amount, payment method received, seller trust level, etc. They will see a URL next to the price so they can click on that and go to the actual Advanced Client to make the purchase. Part of the URL GET parameters will be a ticket. This ticket will allow the Advanced client to check with the exchange to determine if the buyer is trusted enough for the seller to sell. So the seller may require a certain "Buyer Trust Level" in order to do business.

The Advanced Client will report all sales to the Exchange using the "Exchange Report" service on the Exchange. The Seller can rate the buyer too using the "Seller Rates Buyer" service on the exchange. Buyer can rate the seller.

Later, sellers can add services and products that they will trade for creating a store.

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