Under development since 2019, BitClout’s blockchain created its first block in January 2021, and BitClout itself launched publicly in March 2021. The platform launched with 15,000 “reserved” accounts – a move intended to prevent impersonation, but which backfired as some people with reserved accounts tried to actively distance themselves. Bitclout is a prototype of what can be built on top of the DeSo blockchain.
An aggregated liquidity platform says enhanced payment channels, brokerage tools and services for professional traders are vital for the crypto industry to thrive. BitCloud says it aims to deliver a “closed loop ecosystem” that fully embraces fiat trading as an integral part of the new digital economy. Unlike other platforms that struggle to support such channels in a compliant, regulated way, the company says it is determined to deliver fiat trading capabilities that give Visa and Mastercard owners as much freedom as consumers who have fully embraced Bitcoin and Ethereum. The company also claims that the crypto industry has reached a saturation point in which there are simply too many exchanges and an overwhelming number of trading pairs. BitCloud says it has sought to remedy this by integrating the order books of several high-profile crypto exchanges — delivering greater trading depth and injecting higher levels of liquidity into the whole trading process.
The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution. The top crypto exchanges that have Bitcloud available for trading, ranked by 24h trading volume and the current price. Use the calculator to convert real-time prices between all available cryptocurrencies and fiat. Everyone can become a miner, it´s very easy to rent hardware and join a miningpool.
Bitcloud is global, it faces no boundaries and connects people even from the most faraway places on earth. The network would use a routing process similar to Tor’s hidden services, and it would employ a “proof of bandwidth” to ensure only connected nodes generate money – thus avoiding any attempts to fool the network and flood it with useless connections. In essence, this approach would allow “miners” to make serious money, but only if they perform serious services. Any content hosted on a server needs to pay a sort of “toll charge” any time data is transferred from the server to the node. However, the more hits a website receives, the richer the server becomes, allowing for a sort of perpetual growth and a system in which, theoretically, everyone earns money from everyone else.
The protocol has not been finalised yet, and they need more developers to sort everything out. One could hardly accuse Bitcloud’s developers of lacking ambition. The small team wants to decentralise the Internet, and possibly even replace much of the Internet infrastructure we use today.
However, this approach might attract some serious organisations and companies. For example, if a business has plenty of spare storage and computing power, it could contribute it to the network when its offices are fast asleep and its infrastructure isn’t being utilised. “Bitcloud aims to harness the same methods used to mine Bitcoins, to provide services currently controlled by internet service providers (ISPs) and corporations. Since it is all theoretical at this point, it is hard to say whether the concept will actually work at this point. As the tech industry is focusing on Cloud, SaaS and other services, there is clearly a market for such a network.
Elsewhere in its manifesto for the future, BitCloud says it wants to help institutions and so-called “Bitcoin Whales” access advanced features that enable them to place trades as they wish, without suffering heightened transaction costs. BitCloud also predicts that cryptocurrencies and other digital assets are going to become increasingly mainstream as greater numbers of index funds enter the market. The platform has a vision of “building a bridge of trust” by enabling the public to entrust the management of their assets with reliable institutions.
A group of developers are aiming to revolutionize the existing situation in the same manner as Satoshi Nakamoto was able to change the financial and economic world. The idea is to form an even more independent network of machines to spread information excluding all possible barriers and hurdles. The name of the invention is BitCloud and sometimes it is also called a decentralized Internet. As of the cryptocurrency, the https://cryptolisting.org/coin/btdx/forum basic principle “proof-of-work” has been kept, but slightly transformed to fit as “proof-of-bandwidth”. A list of the top Bitcloud markets across all crypto exchanges based on the highest 24h trading volume, with their current price. Adequate operational experience of Bitcloud Edge makes these investments safe, high-yielding and affordable – it distinguishes the company among others in the trust management market.
To prevent inflation only a limited supply of 200 million Bitclouds will ever exist. Bitclouds are mined by users at a set rate for decades into the future. You can get Bitclouds for free by mining or trading for them on an exchange. Just as Bitcoin miners provide computing power and are rewarded for solving complex mathematical equations with the virtual currency, so individual net users would be rewarded based on how much bandwidth they contribute to the Bitcloud network.
It’s quite a goal, and to make it all come together the founders will need quite a few backers, but the concept is rather interesting to say the least. Instead of using processing power to move around digital currencies, Bitcloud wants to use a very similar method to provide Internet services. PrivateSend is the name of the decentralized mixing implementation that obfuscates and provides a greater degree of privacy/anonymity to the transactions of the Bitcloud network. Drive development standards and consistency across teams and products. Bitcloud Edge is a UK-based investment manager with offices in USA, Ukraine and Russia.
(The amount of bitcoin that BitClout has received so far would give the company a valuation exceeding $1 billion, he notes.)