The CloudCoin Consortium is on the lookout for proven, experienced, and qualified individuals with a passion for digital currency. There are both full-time and part-time openings at our California HQ and remotely. Compensation-Is in CloudCoins. *RAIDA network02 system administrators *Social Media pros and community managers *Marketers and PR experts *Content creators *Web developers *Filmmakers and video specialists *Graphic designers *Writers and bloggers *Attorneys/Paralegals *Grant Writers *Software developers/programmers *Software testers for all operating systems *Software solutions salespeople *Minecraft developers/modders *Electron programmers *HR/personnel professionals *Accounting/bookkeeping professionals

11.07.2020

CloudCoin Weekly Bulletin 140

CloudCoin the most hyper-efficient currency
by Sean Worthington , CloudCoin Lead Scientist

CloudCoin, which is built on RAIDA technology, may be the most efficient payment system ever created. CloudCoin uses the least amount of electricity, bandwidth, and administrative effort.

Alternatively, cryptocurrencies that use the blockchain require the encryption and decryption of large amounts of data. Encryption is very energy intensive . Encryption requires many processor cycles, which require the use of considerable electricity. This generates heat and requires expensive cooling.

Simplicity

CloudCoin does not require encryption. Instead, CloudCoin simply updates twenty-five databases.

It works like this:

  • look in the database
  • find the coin with a given serial number
  • check to see if its password matches what the user claims
  • if it does, then it updates the password to a new one

This requires very little processing. Compare this to the 100K lines of code used in bitcoin.

Electricity Use

One RAIDA server uses no more than 1,200 watts per hour, or about 10.5 megawatts per year. Twenty-five Sentinel servers use 262.8 MW per year. These servers are located all around the world and each pays for electricity at different rates, but the maximum cost of running the RAIDA network full-throttle is less than $50k a year. The current rate of use is much lower, with an average cost closer to $6,000 and an average price per transaction $0.0000003.
 
The costs of the RAIDA is so inexpensive that, like the DNS system, the infrastructure can be run by volunteers. Hence, CloudCoin has no fees. 

All other payment systems are much more expensive to operate. Bitcoin is estimated to use 61.76 terawatt hours per year. That makes CloudCoin 235,000 times more efficient! There's no way that cryptocurrencies can compete with RAIDA-based technology when it comes to electricity usage.

Bandwidth

CloudCoin uses less bandwidth than any other payment system. CloudCoin had over fifteen-thousand users who traded more than 150 million coins in the month of June. Only 27.64 GB of data was required to handle those 3.7 million requests. The entire RAIDA uses only $5 worth of bandwidth each month. In comparison, it is estimated that each bitcoin node requires 20Gb per month . There are 100,000 nodes at a cost of over 2 Petabytes per year. That means bitcoin uses 533,000 times more bandwidth than CloudCoin. 


Easy, Affordable & Efficient

CloudCoin uses so little bandwidth and electricity that it is free to use without fees. It is hundreds of thousands of times more efficient than blockchain. All humans must economize. CloudCoin is the most economical and thus the most likely to dominate in the future.

This is an abbreviated version of the full article available here with additional graphics and charts.

Thousands participate in interview, AMA sessions
CloudCoin Lead Scientist Sean Worthington was interviewed live earlier today for CoinNewsExtra (CNE) about quantum safety and the very real threat that quantum computing poses for blockchain and cryptocurrencies.

Worthington told the interviewer that encryption-based authentication systems will be obsolete within just a few years. Honeywell recently announced the development of a quantum computer with processing power that features twice as many quantum bits (qubits) as the Google system that achieved "quantum supremacy" (performing a task with a quantum computer that couldn't be performed with a traditional computer) just months ago.

Worthington also took part in a live AMA (Ask Me Anything) yesterday. Followers submitted nearly 2,000 questions about CloudCoin and RAIDA. The AMA was moderated by Coin Keeper founder Tea Jazz and took place on the Boboo Community Telegram channel.

Future AMA sessions are planned to explore a wider set of topics related to CloudCoin.



You can support CloudCoin on GitHub
CloudCoin founder Sean Worthington invited readers to support the work done by Consortium programmers and developers on GitHub. The number of sponsors has grown 24 people.

As Sean previously shared, sponsorship plays an integral role in allowing the Consortium to grow and develop. Some of the Consortium's current goals are to complete the task of becoming chartered as a Swiss verein (non-profit association), to be listed on more exchanges, and to continue to raise awareness about CloudCoin and RAIDA.

Sean became the first sponsor by pledging $100 per month at GitHub.

GitHub is the world's largest suite of tools for open source developers, and becoming part of their sponsorship program is an important step forward.


Protect RAIDA from hackers as a Guardian
RAIDA Guardians operate proxy servers to make RAIDA more reliable and robust, and Guardians can receive 100,000 CloudCoins for participating.

Guardians are a vital part of CloudCoin's global effort to create a perfect monetary system that will increase the freedom and prosperity of everyone, while helping combat authoritarian governments who rely on currency manipulation for their existence.

If you are interested in receiving more information on becoming a Guardian, please sign up here for an invitation to a members-only Telegram group.


RAIDA Detection Agent program to be enhanced
There are big changes coming for the RAIDA Detection Agent program.

Operators of a new "Enhanced Detection Agent" option will not only make the RAIDA network stronger, faster, and more secure, they can also act as cloud storage servers to facilitate programs such as RAIDA DATA and RAIDA MAIL that are being implemented. The enhanced agents will have different hardware and programming.

Applications for new Detection Agents is currently on hold as the enhanced storage option is tested and fine-tuned, but you can email to be added to the wait list for more information once the new option is implemented.

Detection Agent operators earn a portion of network traffic revenues, as well as a bonus paid in CloudCoins. The storage server operators will have additional incentives. Be advised, however, there are a limited number of special "Founders" opportunities available and there are now several clients ready to create traffic on the DA network.

There is also a referral program where you can become a Detection Agent, with zero licensing fees, simply by referring potential operators.


Educate & enrich with CloudCoin 'Learn & Earn'
Anyone can earn CloudCoins while learning about this next-generation digital currency and the underlying RAIDA technology.
To start earning CloudCoins, first join the CloudCoin Learn and Earn Telegram group .
 
CloudCoins are being awarded to everyone who installs CloudCoin Wallet and tells their friends about it. There are also periodic games and other fun activities for which participants can earn CloudCoins.


Happy Birthday Thayer Fogerson
Editor's Note: I again get to use this platform to wish one of my sons, Thayer Fogerson , a happy 14th birthday tomorrow!

All CloudCoin related links in one place!

Can your talents help make a difference?
Are you interested in using your talents and experience to make a difference? Do you have a passion for learning about the revolutionary new world of digital currency? Would you like to connect with like-minded, liberty-loving people from around the globe?

Consider joining the CloudCoin Consortium. There are opportunities available in numerous capacities. Whether you can spare a few hours a week or devote several hours a day working from the privacy and comfort of your own home, or are available to join us in our California HQ, we encourage you to apply. If you have experience in any of the following fields, visit our Opportunities page with a resume or CV.

  • 3D artists
  • Mobile App developers
  • RAIDA network02 system administrators
  • Social Media pros and community managers
  • Marketers and PR experts
  • Content creators
  • Web developers
  • Filmmakers and video specialists
  • Graphic designers
  • Writers and bloggers
  • Attorneys/Paralegals
  • Grant Writers
  • Software developers/programmers
  • Software testers for all operating systems
  • Software solutions salespeople
  • Minecraft developers/modders
  • Electron programmers
  • HR/personnel professionals
  • Accounting/bookkeeping professionals

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