Bit Cloud Fandom

However, on 18 May 2021, diamondhands announced that 100% of the BitClout code went public, and the code for BitClout.com became available on GitHub. BitClout pre-loaded profiles for the top 15,000 influencers from Twitter into the platform without their agreement which raises many concerns about the author’s rights. The thing is that to invest in the platform, you need to buy cryptocurrency BTCLT for BTC .

  • 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.
  • There are some cases when ordinary people significantly grew the price of their coin by creating high-quality content and engaging with their audience.
  • On 24 March 2021, BitClout launched out of private beta.
  • Who would have thought that 2021 would be so rich in new social networks?

For instance, Kim Kardashian’s coin is now worth $ because it’s popular among BitClout users. However, Kim Kardashian as well as Ilon Mask have not joined the platform yet. We can only imagine what kind of a fuss it will be when they sign up.

Any language (Java, Python, etc.) can be used to build decentralized applications with the generic API for Bitcloud's distributed SQL database system. Bitcloud creates a new decentralized system of trust where entire web applications can be hosted without a centralized server. This favor later led Bit to make the mistake of treating the heavy Panzer unit as the same, agile Liger and piloting it as though it was still a high speed Zoid. Fortunately, he broke this form and began to pilot Liger Zero Panzer as a well-fortified a stationary gun, allowing him to improve his abilities as a long-ranged fighter and unlock limitless battle plans. Bitcloud payments are published on a public blockchain, but the sender, recipient, and amount of a transaction remain private. «Bitcoin is decentralizing money, BitClout is decentralizing social».

As of yet, the project is very young, and it’s objectively impossible to determine whether it is a scam or not. However, there are certain red flags with it that have been pointed out by plenty of prominent members of the cryptocurrency community. Bitcloud has a class of decentralized workers called miners to keep the Paymentsystem secure. Specialized Cloud Computers run encryption software to distribute Bitcloud and verify all transactions on the payment network. Everyone can become a miner, it´s very easy to rent hardware and join a miningpool.

It can also be obtained from low-volume crypto exchanges such as Cryptopia, CoinExchange, and BitcoinChampion. In order to buy BTDX token from the exchange, it is necessary to be a member of one of the above mentioned. Members can purchase the token by depositing funds into their wallets.

Zoids Legacy Database Entry

Applications for voice, text, email, or video messaging may leverage the Bitcloud platform for communication and stored data that is encrypted from end-to-end. Any node can sell their network services, as agreed by automated contract mechanism and secured by neutral-party escrow/auditor. The Bitcloud network and platform does not inherently require any static or direct address information to operate. Tor, proxy, or other obfuscation communication techniques may be used. Identities are based on a mined Certificate Authority (i.e., "mined authority"), and not an address of any kind. More than a piece of software, Bitcloud is a platform/protocol that can be implemented with most modern computing framework.

To really trade, that means putting in BTC to get BTCLT, but there's no way to trade it back. Users can send BTC to BitClout for BTCLT but they can't trade it back to BTC on the site. 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. This is often referred to as an “automated market-maker,” and it’s the same concept that powers protocols like Uniswap and Bancor. Bitcloud Publishers are not required to make their content public, and may even run their own private grid using the Bitcloud platform.

Cryptocurrency wallets may be stored with multiple encryption layers on the grid so no wallet loss would then be possible. Exchanges may be built upon the Bitcloud DB core, with transaction records stored within one or more Bitcloud Grid. As soon as a record synchronization reaches 51% of the nework, no additional confirmation is necessary because no alternate "blockchain fork attacks" using 51% identity advantage may be possible. However, stored records may be deleted by the record owner for better privacy and network performance. The following text pertains to information sourced from the game Zoids Legacy.

  • We haven’t even had enough time to chat in Clubhouse yet, while there’s a new hype around BitClout, a blockchain social network, and a potential unicorn.
  • As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period.
  • At the end, he and Vega battle it out, with Bit being able to beat him, and the Backdraft Organization, and move up to the prestigious 'class S'.

Instead of letting this, and the teasing of his teammates, deter him, he worked through it, eventually becoming capable of piloting just about every Zoid he touches sufficiently. Also, despite being teased or doubted by his teammates, Bit is oftentimes the member of the team who claims victory in almost each battle, as he's usually the last one standing at that point. BitClout earned more than $160 million in just one week. That is not surprising considering the popularity of cryptocurrencies and NFT in particular. Such success is also partly to the names of the BitCloud founders. The press writes that Sequoia Capital and Andreessen Horowitz , TQ Ventures, Coinbase Ventures, Winklevoss Capital, Pantera Capital, and many others have already invested in BitClout.

Therefore, even though large funds have already been invested in BitClout, there is a great risk that this project may be closed at any time, or turn out to be a pyramid or a fraud. Bitcoin continued its struggle to reclaim $20,000 this week. BitCloud is cloud computing division of Bigrace International Pte Ltd. The division focuses on the design, implementation and support of cutting-edge cloud solutions and services. Back up what you want, how you want with tools like full image, file/folder-level backups, active disk cloning, event-based scheduling, non-stop backups, and a boot media builder. Run backups as often as you need, with no impact on overall performance.

What is Bitcloud (BTDX)?

It also generates social tokens , which represent actual people. Those social tokens' supplies are controlled by automated market makers , though one governed by a bonding curve that explicitly ratchets up the value as more tokens get minted. Creator coins are naturally scarce, with generally fewer than 100 to 1,500 coins in existence for each profile. This is because as more people buy a profile’s creator coin, the price of the coin goes up automatically at a faster and faster rate.

The main idea of the platform is that users can buy “creator coins” tied to celebrities, both global and local, and receive income from their growing popularity over time. The price of each coin goes up when people buy and goes down when people sell. Its architecture is similar to Bitcoin, only it can support complex social network data like posts, profiles, follows, speculation features, and much more at significantly higher throughput and scale.

] However, in the fall of 2020, al-Naji pitched BitClout's own investors under his real name and began posting job listings for a "new operation". 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.

No More Blockchains

It also means that your login on bitclout.com can be used on any domain that runs a BitClout node. In the same way that you can move Bitcoin from one wallet to another, BitClout makes it so that you can move your “clout” in the form of your followers, posts, creator coin balances, etc anywhere as well. Thus, in some sense, BitClout is decentralizing social media in much the same way as Bitcoin is decentralizing the financial system. Not minted or endorsed by any nation, but by users across the globe.

what is bitcloud

BTDX is the abbreviation for the cryptocurrency Bitcloud. Bitcloud is an altcoin that works with the Proof-of-Work bitcoin head and shoulders consensus mechanism. Accordingly, users have the advantage of obtaining cryptocurrencies by mining BTDX.

Data Protection Anywhere

Like Bitcoin, BitClout is a fully open-source project and there is no company behind it-- it’s just coins and code. Bitcloud is a blockchain project that describes itself as a 'next generation decentralized digital currency'. This Blockchain project aims to revolutionize digital payments with a cryptocurrency called BTDX. Accordingly, Bitcloud is a decentralized cryptocurrency that cannot be controlled by any country. According to the project's website, this cryptocurrency can be used in any region where internet is available.

Keep every bit of your data protected no matter what technology you onboard or the amount of data you generate. The company will offer a unique asset each week starting at $9.99 USD. HypeIndex is a market capitalization-weighted market index that tracks HYPEBEAST-headlined fashion companies that are publicly traded in the global market.

They are truly the first tool we have as a society to trade “social clout” as an asset. If people understand this, then the value of someone’s coin should be correlated to that person’s standing in society. For example, https://coinbreakingnews.info/ if Elon Musk succeeds in landing the first person on Mars, his coin price should theoretically go up. And if, in contrast, he makes a racial slur during a press conference, his coin price should theoretically go down.

  • "That makes it not really very exciting as an asset class. Whereas if you have a creator that you can speculate on, that's a very long-term thing that you can really invest in for a long time."
  • Diamondhands said the platform welcomes exchange listings and bridges to other blockchains.
  • Each user gets the personal creator coin simply by creating a profile.
  • The price of BitClout doubles for every million BitClouts sold, and this makes BitClout naturally scarce, resulting in a maximum of million BitClouts minted in the long run.
  • InstantX is a service that allows for near-instant transactions.

This is just the beginning of how creators can engage with their fans using their coins, and all such ideas could increase demand for their coin significantly. The protocol is free to use for anyone, even for commercial purposes. All platform software developed by the Bitcloud Foundation uses open source software, and shall always be licensed for public domain. Unlike other decentralized and community provided network solutions, nodes may be paid for their services provided to the Bitcloud network. This supports reliability of service, and provides motivation for self-perpetuation of the Bitcloud network. Bitcloud replaces the blockchain with a distributed database that can be used for decentralized systems of trust.

PoW mining requires computers with high processing power. The project was launched in 2014 and initially focused on cloud services. However, the altcoin redesigned itself as digital cash in 2022.