CPChain price is $0.00054942
The current price of CPChain (CPC) is $ 0.00054942. Over the past 24 hours, CPC has increased, showing a +0.00% change in its value.
CPChain (CPC) is a novel, distributed blockchain infrastructure that's specifically designed for the Internet of Things (IoT). It aims to set up a primary data platform for IoT systems by coupling distributed storage, encryption computation, and blockchain technologies. This unique blend of systems allows CPChain to offer whole-process solutions from data acquisition and storage to sharing and application. It offers a direct response to the challenges of the current disconnected IoT systems architecture, aiming to diminish device connectivity costs, secure data privacy, and maximize the intrinsic value of IoT data.
Information on the creator or founding team of CPChain isn't readily available. However, it is worthwhile noting that creators of such platforms often possess extensive background and expertise in blockchain, software development, and IoT technologies. The team presumably comprises some of the most talented professionals in the aforementioned fields who strive to bolster IoT capabilities through distributed technologies.
CPChain works by building a basic data platform for IoT systems leveraging blockchain technologies. Here’s how it does it:
First, IoT devices gather data. This data is then stored using CPChain's distributed storage mechanism, guaranteeing both its safety and decentralization. Furthermore, encryption is used to maintain the privacy of data, ensuring it's only accessible to key stakeholders.
Lastly, the blockchain serves a fundamental function: it provides transparency, traceability, and incorruptibility to the data transactions. It emphasizes and reinforces the data's integrity, proving its authenticity and making it impossible to tamper with.
By coupling these technologies, CPChain creates an efficient and reliable system that can handle the complex requirements of IoT data management, securing both privacy and value of the data.
CPChain's combination of blockchain, distributed storage, and encryption computation technologies offers a promising solution to the challenges of the current "chimney architecture" of IoT systems. Here are some of its key features:
Cost-Effective Connections: By using blockchain, CPChain reduces the connectivity cost of devices in a secure and robust decentralised network.
Data Integrity: By leveraging distributed storage, it ensures the integrity, security, and decentralization of stored data making it virtually impossible to breach.
Privacy Protection: Its encryption computation safeguards the data from unauthorized access ensuring its privacy.
Value Maximization: CPChain seeks to maximize the value of IoT data by streamlining sharing and application processes, making data more meaningful and useful to users and stakeholders.
Currently, there are about 406.8M CPC coins in circulation. The total supply of CPChain coins is however 1000.0M. It's important to keep track of these figures as they may influence the price of CPC.
CPChain (CPC) can be purchased on several exchange platforms, including Bibox, IDEX. Always use trusted platforms when buying cryptocurrencies to guarantee the security of your investment. It is crucial to note that cryptocurrencies, including CPC, are highly volatile and should be dealt with caution.
To keep your CPChain (CPC) cryptocurrency safe, use a reliable and secure digital wallet for storage. Hardware wallets are typically the most secure, and they store your private key offline, minimizing the risk of digital theft. Additionally, ensure that you keep your private keys confidential - they should not be shared with anyone. Always continue educating yourself about safe storage practices to minimize potential security breaches.
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