What is Cloudbit Classic?
Cloudbit Classic (CDBC) is a cryptocurrency coin. CDBC enables communication between
blockchains and their smart contracts. Through Cloudbit's decentralized ecosystem, it allows to
provide with external data, events and payment methods and process off-chain information.
The CDBC network is powered by a large community of data processing providers, node
operators, smart contract developers and security auditors. Cloudbit focuses on ensuring that
decentralized participation is available to node operators and its users.
Since its launch, CDBC has grown into a global service used by thousands around the world.
Today, it’s more than a simple cryptocurrency coin and is evolving to become a smart portal
that aims to provide comprehensive solutions for users.

What makes Cloudbit Classic Unique?
It was the contribution of our users that drove the rapid growth of the CDBC ecosystem. Now
we want to take the idea of user contribution-driven growth to the next level, rewarding users
by sharing the added value created in the CDBC ecosystem with them. To achieve this
objective, we are launching a coin economy through the introduction of blockchain
technology into our platforms, enabling us to provide an optimized means of sharing value
with anyone in the digital world within any given blockchains inner Cloudbit ecosystem.
With this in mind, we created Cloudbit Classic. Cloudbit Classic will become the base digital
coins for services in the CDBC - coins economy. Developed with an independent blockchain
mainnet that is capable of processing a huge volume of transactions, Cloudbit Classic will be
used throughout the CLOUDBIT ecosystem and developed decentralized applications
(”dApps"). With Cloudbit Classic, we aim to build a coin economy that can be used by
anyone, conveniently and naturally in their daily lives within the CLOUDBIT ecosystem.

Who Are the Founders of CDBC?
Cloudbit Classic’s original inventor is known under a pseudonym, Crypton Bytes. As of 2022, the true identity of the person — that is behind the alias remains unknown.

How is the Cloudbit Network Secured?
As an Binance based BEP-20 token, Cloudbit Classic (CDBC) is secured by the proof-of-stake (PoS)
consensus mechanism. Unlike the proof-of-work (PoW) consensus utilized by Bitcoin, PoS relies on
the amount of staked tokens for selecting node validators. Max/Total supply is 200,000,000 CDBC.
PoS protocols were created with the idea to battle the vast power consumption required by PoW
systems. PoS models are becoming increasingly popular as they need less electrical power and
are easily scalable. While PoW has proven itself a reliable consensus mechanism, Binance and all
other BEP-20 tokens have been growing rapidly and setting the trend in the space.

How can you buy Cloudbit Classic (CDBC)?
You can sell or buy Cloudbit Classic at any exchange that offers the digital currency, store it on
exchange or in a decentralized wallet – like MetaMask, TrustWallet or Coinbase Wallet. For the
latest list of exchanges and trading pairs for this cryptocurrency, click on our market pairs tab.


Cloudbit Classic

Trust Wallet

MetaMask

Cloudbit Classic $CDBC is a cryptocurrency coin. CDBC enables communication between blockchains and their smart contracts. https://linktr.ee/cloudbit

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