[2017-04-27]New Cloud Technology-Based Cryptocurrency Challenging Bitсoin

[andrzej.srankiewicz]

A new technology called RAIDA (Redundant Array of Independent Detection Agents), used to detect the authenticity of a new cloud-based cryptocurrency – CloudCoin, has received a provisional patent in the US, and now aims to challenge the technology standing behind Bitcoin.

CloudCoin and RAIDA aim to challenge Bitcoin and Blockchain technology. The RAIDA project was launched by Sean H. Worthington when he applied the rules of data integrity used in databases to create a philosophical model for a perfect currency.

The full article: https://coinidol.com/cloudcoin-cryptocu ... g-bitcoin/

[mjglqw]

The main difference that distinguishes CloudCoin from Bitcoin and other Blockchain-based currencies is that it doesn’t use cryptography, but is instead based on the use of cloud technologies.

I don't know much of it yet, but doesn't that make it far less secure?