CloudTx Price (CLOUD)

Cloud Tx is a Blockchain with Scalability Solution and High Throughput to develop it's own first ever decentralized operating system, That is focused on user privacy, security, speed, stability, and accessibility. CLOUD TX is the newest brand revolving around the idea of providing a smooth, secure and efficient experience at a negligible cost. Cloud TX is a layer 1 blockchain network that has successfully overcome the Blockchain Trilemma. The Blockchain Trilemma refers to the balancing act amongst security, scalability and decentralization. In simple words, if the network is centralized, it makes it highly scalable, yet less secure. On the other hand, if blockchain networks are decentralized and safe, the scalability reduces, which means higher transaction fees and a slower process. That's the whole conundrum.

At CLOUD TX, we have solved the Scalability Trilemma by introducing the Proof of Stake (PoS) system. PoS is focused on improving the Consensus Protocol. The PoS consensus mechanism assesses the validator's status subjected to the total stake in the network. This further leads to significantly increasing the overall network's capacity (i.e. Etherium’s capacity) while strengthening decentralization and security. This mechanism synchronizes and optimizes all the networks on the blockchain leading to a balanced and efficient platform!