Cryptyk: ICO Overview...

dear53 (8)in #blockchain • 6 years ago

The Cryptyk Token (or CTK Token) is the latest digital crypto-currency introduced to tackle issues that come from cyber-security and cloud storage applications. It helps enterprises, businesses, and individuals to purchase cloud security and storage services from Cryptyk Inc. The former are called cryptocurrencies and can be purchased on many websites such as Coinbase, Localbitcoins, Kraken, etc. The others are the so-called ICO's (Initial Coin Offering), which can be obtained with significant discounts and price runs through small contracts and transfers through Ethereum. But there exist others those that have just been born, which are not even in the ICO phase, which launches campaigns to attract the public attention, these are the Airdrops. With this, we can get thousands of coins for free. I emphasize these because it's a way, to win cryptocurrencies even if the market is as it is. Through this way, you never lose money. Cloud Storage services allows you to easily share files with friends and colleagues and well as collaborate on works and projects. Cloud storage servers are owned and maintained my cloud storage providers who make sure the service are up and running all year round.

At the heart of the Cryptyk platform is the Cryptyk Token, an open-source cyber-security ecosystem comprised of third-party app developers, strategic enterprise customers, crypto-currency miners, and investors. The Cryptyk token is a true utility token that offers scalable benefits to all subscribers. The long-term growth of the CTK value is directly determined by customer acceptance and product usage and not by short-term market sentiment. As a result, utility tokens offer investors greater potential for long-term growth and market volatility compared to the more common security tokens. Token sellers invest directly in a product and its self propagating ecosystem, rather than buying equity in the company.The Cryptyk team consists of experienced cyber security, cloud storage and blockchain experts. The founders are CEO, Dr. Ing. Adam Weigold, a quantum physicist and veteran of 6 tech startups, and CTO, Raghu Kotha, a well-known white-hat hacker, cyber security expert and former director of security at Silicon Valley Bank. Loss due to hacks tallie a whopping $750 Billion and growing at 50% Compound Annual Growth Rate. Cryptyk has the potential to revolutionize the global cyber-security industry by eliminating. These profit from hacking, and removing risk from the cloud as CTK economy is structured with multiple incentives for all participants.

The cloud storage market has been actively developing since 2006, when Amazon Web Services introduced its AWS S3 cloud storage service, which was later widely recognized as a basic solution for building services. Amazon AWS S3 is still the market leader.According to Statista, the number of cloud service users totals about 3.6 billion in 2018.A key factor driving the market is the growing demand for data storage from end users and IoT service providers. For consumers, cloud services provide unlimited access to content and services. Interest in cloud technologies is shown not only by individuals and companies, but also by government organizations that are already successfully using cloud technologies. According to some reports, the UK government spent over £ 500 million on cloud computing in 2015. CRYPTYK is building hybrid blockchain solution for the cloud storage for businesses and enterprises. The global Cryptyk community forms the core component of the entire CTK ecosystem and economy. The customers and developers must be correctly incentivized in order to push any permission blockchain technology to grow into a widely used open-source platform.

In the actual estate sector with several trillion dollars, huge profits are made by implementing a legitimate property development strategy. From perspective transfers to subdivisions of properties, this approach outcomes in superior expense effectiveness compared to local rental and reversing houses. Since most specific shareholders disregard the opportunities, earnings will be assured for institutional purchase organizations and licensed shareholders who can seize the difficulties of large capital requirements and an inherent boost in risk. Creators will reduce the risks and limits of specific real estate production and open up the door to these vast production options. By employing blockchain technology, the marketplace raises the involvement of those who two times global capital runs and radically boost cross-border income. Today persons from worldwide have gained access to huge returns from this expenditure environment. For the time being, CTK follows the ERC20 token protocol, although the information memorandum states that the final product may be built on top of a different blockchain protocol. The company is currently looking into at least 5 potential candidates with regard to consensus design implementation. The need to have a custom token is clear, as CTK will be used to perform major operations within the Cryptyk ecosystem. It is stated that the value of CTK will grow directly with respect to the revenue of Cryptyk, regardless of market sentiment.

The project was worked out by outstanding IT specialists. Adam Weigold quantum physicist, technologist, investor, start-up with 20 years of experience . Raghu Kotha developer of the blockade, an expert in the field of cybersecurity, worked in the bank of the Silicon Valley. Dennis McMaster (chief architect, automation expert, developer of NYSE. Mikkhel Trink software developer and interface integrator. Daniel Floreani a programmer with years of experience, Ph.D., developer of products for Cisco and Australian company DOD. Indra Singhal operational director, has experience in the Silicon Valley, start-up, venture capitalist, financial director. Mel Oliver community manager, marketing promoter of the blockage. Derek Grock cybersecurity specialist and others. A decentralized cloud storage is being built by Cryptyk with Blockchain Security. All major security threats to the cloud are protected by Cryptyk’s complete decentralized solution for Cyber-Security and Cloud Storage. Cryptyk replaces 3-4 existing cloud vendors. The Cryptyk token has two main feature which is the Vault and the Sentry. The Vault is a decentralised multi-cloud storage platform with sub-file level encryption and sharing that dramatically reduces the potential attack surface for hackers and viruses. Whereas, the Sentry is a decentralized blockchain platform for auditing, tracking and monitoring all user access and file sharing by leveraging the permanent, immutable nature of the blockchain.

Cryptyk’s new Hybrid Blockchain Technology is based on the integration of encrypted decentralized file storage with blockchain auditing and monitoring. This hybrid solution is passively immune to external, viral and operational security threats, and also allows network administrators to protect against potential internal and surveillance threats. It is the first complete cyber-security and cloud storage solution from a single vendor, and dramatically reduces the cost of cyber-security for all business and enterprise. Vault is a decentralized platform that includes several cloud storage providers (such as Google Drive, Amazon S3, Rackspace, etc.). Vault is designed to store, edit and share files and other types of information (for example, email, chat, payments) in an encrypted, decentralized form. Passport is a decentralized register that records all user access sessions and file transactions. PASSPORT is intended for use by corporate clients. Each company, its employees and user files receive a unique identifier stored in this blockchain. Each access session of the platform member, as well as all information about creating, editing, deleting or sharing files, is all recorded in the blockchain, which allows you to verify any user actions with the data.Code book - database card for storing logs, transaction data and file encryption keys.

According to the technical documentation of the project, the team plans to use one of the following decentralized platforms for implementation of the code book BigchainDB, Cockroach DB or Hashgraph. Sentry is a server platform and security engine for a platform into which all other Cryptyk components are integrated. Sentry allows managing encryption, listening, checking and analyzing data, tracking all actions of ecosystem participants, preventing information leakage and analyzing potential threats. The Cryptyk Token (CTK) is the new digital currency for cybersecurity and cloud storage. The CTK is a true utility token that offers scalable benefits to all participants, driving an open source cybersecurity ecosystem comprised of third-party application developers, strategic business customers, miners and investors. Has audited record of file key sharing/permissions/maps/history. ID verification, group permissions and fingerprint security are among the tools to ensure added security. The integration of Sentry into Cryptyk which enables verification, auditing and tracking if user access and file sharing would make it hard for users data to be breached.

Command is a cloud or local interface designed for users to purchase platform products, manage storage and file exchange, depending on security settings and access rights. The interface will have different functions for different types of user accounts (public user, corporate user or enterprise administrator). The proposed product can be claimed among users for whom maintaining the confidentiality of cloud data is of key importance. The Cryptyk platform is designed to prevent both external and internal threats to stored data, which is important for enterprises to protect against data corruption.