President: CloudCoin Consortium.
Cryptocurrency expert and Author
Sean H. Worthington is a tenured faculty member in the Computer Science Department of Butte College in Northern California and an expert in computer information systems. He is the author of the book Beyond Bitcoin: The Future of Digital Currencies and is the Creator of CloudCoin, the world’s first Cloud-based currency.
After an intensive review of Bitcoin and other cryptocurrencies, Worthington says he and a consortium of mathematicians and computer scientists have designed a new cyber currency which they have named CloudCoin. The new currency, which he says is unhackable, untraceable, and can’t be lost, counterfeited, or double-spent, boasts transaction speeds 1000 times faster than Bitcoin, and can, if desired, be conveniently stored where governments, thieves, and hackers will never find it: in the CloudCoin owners mind.
Worthington says the new CloudCoin currency requires no encrypted database of transactions or users. Using a Web-based interface or desktop software or smartphone app, the recipient of a CloudCoin simply submits the unique set of authentication numbers assigned to the coin to a cloud-based authentication network. The coins authenticity is then validated, and the coin is assigned a new set of authentication numbers that will be known only to the recipient, who from that point owns and controls the CloudCoin.