RAIDA patent granted

Consortium Founder Sean Worthington 's patent for the underlying technology that makes CloudCoin work has been granted by the US Patent and Trademark Office.

This means the patent application, entitled " Method of Authenticating and Exchanging Virtual Currency, " will be protected from infringement or encroachment for a decade after issuance. We now know the network of distributed, decentralized and independent servers, described in the patent application, as RAIDA (Redundant Array of Independent Detection Agents).

This is huge news for CloudCoin! The USPTO approval is a strong affirmation of the value of the underlying protocol as a novel system for authentication, as well as for its use as a blockchain alternative or possible amelioration/supplement to overcome blockchain inefficiencies.

The patent will become officially "issued" (rather than "granted") after any "child patent" applications are included. Child patents can be filed while the parent application is pending and links any future claims to the priority of the first. The child patents may fall into three classes: continuation (new claims about uses of the same patented protocols), divisional (separating different elements of the patented protocols) or continuation-in-part (new and different claims about the potential of the technology).

Examples of child patents would be any additional specific, new or different applications for the same technology--and there have been many developed since Worthington first filed almost three years ago (April 2017).


Popular posts


NEWS: The exchanges and I have agreed to the final terms of the contract. CloudCoin's ticker symbol will be CLD. We are guaranteed ...

Blog archive


Show Video

Recent Posts



Электронная почта *

Сообщение *

Follow by Email