Nowadays, people start to realise the growing of block chain technology and cryptocurrency. Let us definite some basic terms:

What is block chain?

What is Cryptocurrency?

What is Cryptocurrency Wallet?

What is BlockChain?

Ever since Satoshi Nakamoto wrote “Bitcoin: A Peer-to-Peer Electronic Cash System”, in October 2008, a growing
cohort of people have dreamed about and worked towards the mass adoption of distributed ledger technologies
(DLTs or “blockchains”). Now, more than a decade on, we are in some ways closer than ever before, and in other ways
further away.

A blockchain, originally block chain, is a growing list of records, called blocks, which are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. By design, a blockchain is resistant to modification of the data.

What is Cryptocurrency?

A cryptocurrency is a digital or virtual currency that uses cryptography for security. ... Many cryptocurrencies are decentralized systems based on blockchain technology, a distributed ledger enforced by a disparate network of computers.

A cryptocurrency (informally “crypto”, “coin”, or “token”) is a digital asset tracked by a
distributed ledger technology (DLT). Some DLTs are focused on a single crypto. The Bitcoin blockchain, for example,
is a decentralised ledger for the Bitcoin (BTC) crypto. Other DLTs are platforms that facilitate the launch of cryptos
for multiple applications. The Ethereum DLT keeps track of Ethereum (ETH) plus thousands of third-party tokens
that are based on several Ethereum standards. (The most widely used standard is ERC20.)

What is Cryptocurrency Wallet?

A cryptocurrency wallet is a device, physical medium, program or a service which stores the public and/or private keys and can be used to track ownership, receive or spend cryptocurrencies. The cryptocurrency itself is not in the wallet. 

Unlike a physical wallet in which one can keep cash and cards, a crypto wallet does not actually store crypto.
Cryptocurrencies are digital. They are virtual. They cannot be held in one’s hands. Crypto assets of every stripe are always “stored” on their distributed ledger, which also records all the transactions between accounts.

So, What is Cloud Token Wallet?

How does it benefit us?

1. The Cloud Token Wallet is the first fully distributed crypto wallet that uses the public blockchain to store crypto
assets rather than a centralised database of proxy accounts. This positions Cloud Token Wallet as among the frst
DLT-based applications to deliver on the promised benefts of decentralisation while simultaneously delivering
speed, cost-savings, convenience, and user-friendliness.

2. Taking note of the services and convenience offered by the most successful fat-based mobile wallets, the Cloud
Token Wallet team is leveraging the adaptability of a fourth-generation DLT to deliver a range of services from
the outset — and will develop and integrate more services in future.

3. Cloud Token Wallet takes advantage of a cutting-edge fourth-generation fully-distributed ledger technology (DLT
or “blockchain”), which consists of fve core elements:
1. FSDLT — File System Distributed Ledger Technology
2. mDHT — Mainline Distributed Hash Table
3. SHOUT — Simple Heuristic Object UDP Transfer protocol
4. SWARM — Storage
5. IFTTT — If This, Then That business logic