Opacity price is $0.00164333
| Market Rank | #4485 |
|---|---|
| Market Cap | $ 0.2M |
| Volume 24h | $ 18.2 |
| Circ. Supply | 119.8M |
| Total Supply | 130.0M |
| Max Supply | ? |
| Genesis Date | 12/11/2018 |
Opacity's current price is $ 0.00164333, which has increased by +1.38% over the past 24 hours.
Opacity is a novel cloud storage provider that prioritizes privacy for its users. Unlike other popular cloud storage companies, Opacity does not require any personal identification information to use its services. This allows users to store data privately, which can only be accessed by the purchaser via a unique private key. Opacity's operations are driven by its native cryptocurrency - Opacity Token (OPCT), which users can purchase to buy data storage plans.
The team behind Opacity and the development of the OPCT token is a group of visionary technologists and digital privacy advocates. While the exact identities of the team members are not distinctly public due to the privacy-focused nature of the project, it is clear they are committed to protecting people's right to privacy and offering a secure, anonymous cloud storage solution.
The functionality of Opacity can be explained very simply. Users first need to acquire OPCT tokens, which are then used to purchase data storage plans provided by Opacity.
Once a user purchases a storage plan, they are provided a private key that grants them sole access to their stored data. This completely private storage system can only be accessed by the individual who holds the private key.
This means that unlike traditional cloud storage providers that store user information and have access to stored data, Opacity has zero-knowledge regarding its user's data.
Opacity's unique selling point is its fundamental commitment to user privacy. Unlike other cloud storage providers, who might request personal identification and even have access to your stored data, Opacity requires no personal identification information and has no access to the data you store.
This unique service caters specifically to users who value privacy and the security of their data. With Opacity, they can confidentially store sensitive data such as company secrets, legal documents, personal photographs, and intellectual property, without the worry that their personal data is being shared or accessed by unauthorized individuals.
OPCT, the token used to avail Opacity's services can be purchased on the following exchanges: KuCoin
The current circulation of OPCT stands at 119.8M, out of a total supply of 130.0M.
Opacity’s security is built on its privacy-focused foundation. As Opacity does not store any personal identification information, the risk of personal data leakages is mitigated. The only possible access to a user's stored data is via their unique private key. Without the private key, the data cannot be accessed, ensuring a high level of security and privacy.
This zero-knowledge data storage model ensures that even Opacity itself does not have access to the stored data, further reinforcing its security and privacy commitment. However, users should remember to safely store their private keys, as losing them means losing access to their stored data.
As of its market performance, Opacity currently ranks #4486 according to its market capitalization, which stands at approximately $ 0.2M. The 24-hour trading volume is around 18.2.
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