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CloudCoin Weekly Bulletin 143

RAIDA Encryption Protocol will replace SSL/TLS
CloudCoin Lead Scientist Sean Worthington has created a major new encryption protocol that vastly exceeds current encryption standards and is quantum-resistant.

The new RAIDA Encryption Protocol (REP) is ultra-light, ultra-fast and ultra-energy efficient compared to Secure Socks Layer/Transport Layer Security ( SSL/TLS ).

Worthington estimates REP would be at least 1,000 times faster than SSL.

REP will be tested over the next month. Plans include making it dynamic and customizable to allow users to increase security protection for larger transactions, if desired.

Quantum Safety

Quantum computers are already threatening traditional encryption. The CTO of Ripple expressed his fears in an article this week , saying that " if (standard encryption) were to fail, the whole system would collapse. The system’s ability to say who owns bitcoin or who owns XRP or whether or not a particular transaction is authorized would be compromised ... "

Quantum computers will be able to compromise SSL and expose blockchain ke y s . They could also capture RAIDA authenticity numbers, but a quantum hacker would have to capture all traffic going to 25 RAIDA clouds, a major reason why CloudCoin is much safer than blockchain.

"The US government has declared that SSL is not quantum safe," Worthington said, "But they say that AES [advanced encryption standard] is safe if the keys are made longer and the entire US government uses AES. But there is a catch--AES is symmetric. This means that the sender and receiver must have a shared secret."

SSL, Worthington said, uses asymmetric encryption.

"That currently means we must have a public key infrastructure and have the little green locks on our browser to tell us we are safe. This SSL will no longer work."

RAIDA, he said, has already shown it can share millions of secrets with potentially millions of people because both the CloudCoin owner and RAIDA know the authenticity numbers of the same serial number. With REP, the user encrypts using the authenticity number (like a private key) and each RAIDA node decrypts using one of those numbers.

"What makes this so powerful," Worthington said, "is that we do not have to go through a lengthy key exchange and mutual authentication process. The encryption is very strong, yet very easy to do. One authenticity number equates to 3,200-bit encryption. Two numbers is 6,400-bit. Why stop there? The user could have ten CloudCoins set aside just for the RAIDA Encryption Protocol with 32,000-bit encryption, enough to defeat any quantum computer.

"RAIDA simply does what blockchain cannot--achieves quantum safety in an easy, efficient way. Users will no longer have to deal with checking for green HTTPS locks in their browsers to be confident in online transactions. CloudCoin may well end up becoming the world's only post-quantum digital payment system," Worthington concluded.

Media seeks views from CloudCoin experts
Media outlets continue reaching out to CloudCoin about broader topics in a sign that the Consortium and its work have growing credibility and cachet.

E-Crypto News interviewed CloudCoin Lead Scientist Sean Worthington about indicators for tech stocks this week. Worthington has also been asked to speak about broader cyber-security issues and has been invited to speak at several events (most postponed or cancelled due to COVID-19, like FreedomFest).

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 reached nearly 30 people.

As Sean previously shared, sponsorship plays an integral role in allowing the Consortium to grow and develop. Following is a list of some of the Consortium's current goals: 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 are currently on hold as the enhanced storage option is tested and fine-tuned, but to be added to the wait list, you can email here and be among the first to receive 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, Milton Friedman
Today would have been the 108th birthday of Nobel Prize-winning economist Milton Friedman.

Friedman is described as "the twentieth century’s most prominent advocate of free markets" by the Library of Economics and Liberty. He taught at the University of Chicago for three decades, becoming a leading voice in the Chicago school of economics .

His best known works, both co-written with Rose, his wife of nearly 70 years, include Capitalism and Freedom (1962) and Free to Choose (1980). The latter had a 10-part companion TV series that translated the Friedman's ideas to laypeople.

Friedman received the 1976 Nobel Prize for economics, as well as the Presidential Medal of Freedom and National Medal of Science (both 1988).

Friedman passed away from heart failure at age 94 in 2006.

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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