Kloud Token

Below is a short discourse on generalized issues of crypto currencies today and methods Kloud Token uses to create solutions.  This list is not exhaustive and does not reflect every single crypto currency in existence.  It also does not contemplate the minority of especially new and emerging currencies that may already possess mitigations to some of the issues outlined. 

 
Problem: Large variance in market prices

Kloud Token Solution: Develop Koin – a fixed value crypto currency with equitable value relative to established financial instruments; provide full traceability of currencies among several other features to ensure purchasing power is of greater importance than the value of the currency itself;  

Problem: Lack of tradability

Kloud Token Solution: Harmonize global eco-systems to allow trade among crypto currencies with each other or fiat currency as well as trade between crypto currency and tangible goods and services; several strategies will be employed to ensure stakeholders have the ability to exchange different commodities; strategies such as the establishment of subvention funds to incentivize consumers, merchants and investors to turn the wheels of sustained trade activity during the strategic period; similarly, strategies will be put into place to ensure voluminous numbers of miners are incentivized through equitably high rewards for their much needed service;

Problem: Lack of Transparency

Kloud Token Solution:  Improve levels of accountability through the implementation of fully traceable financial instruments; working closely with Regulators in several jurisdictions to ensure all transactions on the Kloud Token network comply with international standards; provide a hybrid of decentralized systems with the value-add of centralized application intelligence resulting in new levels of transparency;

Problem: Inequitable distribution of mined and minted crypto currency

Kloud Token Solution:  Allow specialized and traditional hardware to mine Kloud Token currency in an effort to foster efficiency while reducing the environmental impact of crypto mining; limiting the monthly number of mineable coins per user on the network to avoid over-participation; coins mined in excess of maximum allowed quantities shall be retained by the Kloud Token network and injected into reserve funds for special purposes and not form part of the Kloud Token net share value; mineable coins per defined period will be controlled and staggered in such a manner as to ensure long-term mining activities persist and prevent premature exhaustion of mineable Kloud Tokens throughout the strategic period as miners and their function as network nodes form an integral part of the distributed security architecture;

Problem: Increasingly large blockchain size

Kloud Token Solution:  Employ blockchain compression and data deduplication; develop alternate methods for miners to download blockchain through the application of cloud computing architectures; apply unstructured data approach with redundant data sets for improved indexing and data management; miners and other stakeholders will retain the ability to download and view the full blockchain at any time for verification purposes; split of full blockchain into smaller segments allowing new users to immediately participate in network activities until the full blockchain is assembled on their local management computers.  Kloud Token software applications shall have primarily indirect access to blockchain through the implementation of a consolidated database of unstructured data; this database shall interface directly with blockchain for validation and maintenance of system and data integrity to unparalleled accuracy, speed and efficiency regardless of blockchain or cloud-chain size while maintaining a multi-tiered data integrity approach;

Problem: Absence of long-term mining stability

Kloud Token Solution:  Establishment of an equitable 50-year mining strategy; promote utilization of a wide array of traditional and specialized mining hardware; miners will each have a fixed maximum mineable volume along with other strategies to ensure mining efforts are rewarded to voluminous numbers of miners, each with attractive and fair distribution of returns;

Problem: Traceability

Kloud Token Solution: To address the matter of traceability, every Koin that is mined shall be marked with its own serialized identifier; this marking shall form part of the token itself and there shall be no ability to change this marking, otherwise making the coin rendered defunct as it shall be thereafter treated as a fraudulent duplicate.  The hash of this serialized information and other raw details shall also be injected into the Merkle root along with other applicable data to ensure the footprint of each unique element of currency is imparted in several places, which are all closely integrated, resulting in the ability of multi-level validation;

Additionally, should the cost of the commodity being traded not be equal to a multiple of Koin value, the purchaser shall be automatically invoked to acquire a micro Kloud Token-minted, unit of trade called Kent which shall not be serialized; to prevent the widespread misuse of Kent, only a fixed number of Kent shall be minted by Kloud Token for the sole purpose of trading values below that of a single Koin.  Conversions between Koin and Kent shall be solely provided by Kloud Token to ensure that no serialized currency shall ever be split into fractional equivalents.  In the event that a buyer wishes to utilize Kent currency valued over 1 Koin, the Kloud Token network shall automatically exchange every 1000 Kents with exactly 1 serialized Koin and subsequently complete the payment to the seller using this Koin token, a process that shall be seamlessly integrated into all merchant payment functions utilizing Kloud Token currency.   

Problem: Generic accounting for crypto coins by quantity                                                                                                 

Kloud Token Solution:  In addition to documentation of quantities in the Kloud Token blockchain, several other strategies are employed to improve management and tracking of crypto currency on our network including multi-compartment wallets which shall hold users’ coins for specific purposes, some of which will be non-spendable until certain criteria are met, and clear display of token marking details for low-level accounting of all funds a Kloud Token user possesses;  further, a significant magnitude of functionality shall be offered through centralized databases which shall hosts a slew of supplemental information about each block, with several correlations being formed through unstructured, cloud-enabled data storage and management and applied data intelligence;

Problem: Lack of real-world application using blockchain technology

Kloud Token Solution:  Rather than single out individual applications, the Kloud Token platform has developed a strategy to build an entire eco-system that does not compete with but enhances the ability to trade and drive sustainable development globally.  Kloud Token has also innovated the underlying blockchain technology with key enhancements to allow full traceability through serialized currency, improved stability through its valuation relative to a universally adopted fiat currency and has intertwined the relationship between advanced technology and a practical approach to business use, accountability, sustainability and survivability. 

Further, Kloud Token has developed an approach to fair trade and value for money proposition to consumers, merchants, miners and all other stakeholders, harmonizing the way in which we trade crypto currencies for tangible goods and services while maintaining the purchasing power of their held currencies.

Kloud Token has gone even further to develop strategies for the integration of socio-economic upliftment across the globe through a series of activities such as global ICT advancement, especially devised to connect developing nations to the mainstream world of trade, education and many other activities that embellish the Kloud Token ideology of ‘Envisioning a Brighter Future’.