RAIDA Technology: From Global FinTech to Everyone
Part I - Game Start
A new player on DLT (distributed ledger technology) field - CloudCoin Consortium dev team developed the ability to create RAIDA White Label Digital Currency and Software for every project, who just started its own story on digital field.
RAIDA (Redundant Array of Independent Detection Agents) is a new authentication protocol which has data supremacy and is quantum-resistant based on Post-Blockchain Technology.
The dev team of the CloudCoin Consortium developed the easiest, fastest and cheapest way to create the White Label Coins and with no transaction fees based on Post-Blockchain Technology!
Like an option, Consortium dev team providing the possibility to all projects to brand the software for digital currency transactions and create own design of CloudCoin Wallet Software. It means that RAIDA Wallet, also known as the CloudCoin Wallet with SkyWallet technology, can be branded so that it works as any coin. In other words, the CloudCoin Wallet acts also as a White Label Coin and is completely brandable.
Now, you can create your own wallet and coin within a few hours and market it the next day, and RAIDA and CloudCoin - Digital Currency can compete directly with all Ethereum’s ERC20 tokens.
RAIDA White Label Coins or just RAIDA-X standard will allow users to convert CloudCoins to a new format for a variety of uses, including Initial Coin Offering (ICO).
If we will compare ERC20 with RAIDA-X you will notice the following advantages:
✅ ERC20s require a constant supply of "gas" while RAIDA-X never needs any fees or charges.
✅ ERC20s have all the drawbacks of crypto currencies while RAIDA has all the benefits of CloudCoin (greater security, greater privacy, quicker transaction speeds, Digital Currency cannot be permanently lost, and all other advantages of RAIDA over Blockchain)
✅ ERC20s have a variable amount that goes up. RAIDA always has a fixed amount of coins - 1,428,160,512.
✅ ERC20s may require expensive wallets development. To create RAIDA White Label Wallet costs 25,000 CloudCoins.
✅ ERC20s may require weeks to get up and running. RAIDA coins can be up and running within hours.
✅ ERC20s require an initial investment. RAIDA-X can start with just one coin and scale up to 1,428,160,512 coins.
✅ ERC20s require a crypto wallet while RAIDA-X can be embedded in jpeg. or png. image for better marketing.
In other words, RAIDA can solve most of disadvantages of ERC-20 and provide:
- Transactions without fees (no “gas”)
- Greater security
- Greater privacy
- Quicker transaction speeds
- Tokens cannot be permanently lost
- All other advantages of RAIDA over Blockchain
- Less expensive and less complicated, yet more versatile wallets
- Better and more customizable options for storage, transmission and distribution
- Ability to have a fixed supply of tokens
- More affordable and more scalable start-up—can begin with as little as one token
Many projects are already looking at using the RAIDA-X standard.
The new RAIDA-X standard will give new options to any venture looking to use smart contract tokens, and in doing so, create new demand and utility for RADA Digital Currency.
Just as ERC20 are Ethereum coins with a customizable name, RAIDA-X are just CloudCoins with a customizable name. Any RAIDA-X coin is 100% compatible and identical to a CloudCoin. This is because they are the same thing under the hood.
What does this mean for CloudCoin? This means that anyone who wants to start a project that includes a token concept, now has the option of using RAIDA-C. By choosing RAIDA-X, their projects also will have a marketing edge. They can sell their coins for more than if they choose Ethereum ERC20. So, marketers make more money and their customers pay no fees.
This will have some interesting outcomes. The value of CloudCoin will be tied to all RAIDA-X coins except for the market value created by marketing. This will make CloudCoins go up in value and have a more stable price.
The biggest issue now is making sure that if a person wants to turn their CloudCoins into their custom RAIDA-X token, that they are able to find them and buy them quickly. Having a stable
The tools for creating RAIDA-X tokens are open source and available at GitHub.
Next step is the ability to fractionalize CloudCoins in the near future and create RAIDA White Label Digital Currencies at a different value. This will be done by RAIDA "Sub Domain" system.
Contact us and we will help you more fully understand the subject.