CloudTX, what is it? This project belongs to the OreoFi ecosystem, discover its features, vision and more.
CloudTx is inspired by the words “cloud,” which means storage, and “tx,” which means transaction. A complete blockchain ecosystem that has a launchpad, locker, dApps, and a DeFi wallet.
This ecosystem was created to address concerns about the lack of security in transactions with an anti-rug-pull system in its locker.
CloudTx is a community blockchain where developers can make contracts easily on the network and investors can get security when transacting.
In the future, this ecosystem will also develop DEX, NFT, and Metaverse within its ecosystem.
CloudTx Chain is Delegate Proof of Stake blockhain with almost zero fees & gas for transaction. CloudTx chain aims to balancing act between security, decentralization, and scalability.
This project strives to be the consumer and environmental friendly for mass adoption. This ecosystem aims to create a complete, secure, cheap, scalable and environmental friendly blockchain ecosystems.
Why Cloud TX?
Designed for the next generation of blockchain, the Cloud TX is the blockhain with almost zero fees & gas for transaction. for open finance, a responsible data economy, and web 3. Combined with its high throughput and secure architecture, the Cloud TX will power private, scalable DeFi, revolutionizing Open Finance and expanding it beyond traders and early adopters to a mass market.
CloudTx Overview, Vision and Ecosystems
CloudTx (CLD) is a decentralized, high-efficiency and energy-saving community blockchain. It is compatible with EVM and supports high-performance transactions.
This project is powered by the fast and inexpensive CloudTx chain, which is EVM compatible.
The consensus that is used is Delegates Proof of Stake which requires lower power consumption and is more scalable than Proof of Stake, while being more environmentally friendly than Proof of Work.
With very low transaction fees (5 gwei) and a 3 second lock time, CloudTx Chain offers fast and cheap transactions.
The scalability Trilemma refers to a blockchain’s ability to balance three organic properties, which are its main principles. These three things include security, decentralization, and scalability.
CloudTx has a vision to become a blockchain that can find a balance between the blockchain trilemma and being environmentally friendly, cheap, as well as easy to use.
OreoFi is an automated market maker (AMM) that allows users to exchange tokens, providing liquidity via farming, staking, and earning rewards in return.