Cryptyk price is $0.00178202
The current price of Cryptyk (CTK) is $ 0.00178202. In the past 24 hours, the price has increased by +0.00%%. Keep in mind that cryptocurrency prices are highly volatile and can change rapidly within short periods of time.
Cryptyk is a revolutionary approach to cloud storage, aiming to create the first fast, ultra-secure, private, and decentralized file storage platform. Unlike traditional blockchain storage solutions that offer high security but at the cost of performance, Cryptyk seeks to provide the best of both worlds. This means delivering top-notch security without sacrificing the real-time performance that modern-day cloud storage applications require.
Cryptyk stands out by not storing files directly on the blockchain, which is the common method used by blockchain-backed storage platforms. Instead, it splits files into encrypted pieces and distributes these across five major centralized cloud providers — Google, Amazon, IBM, Oracle, and Microsoft. This unique approach maintains low access latency, under 200 microseconds, which is comparable to centralized services while enhancing security.
The innovative technology of Cryptyk combines a decentralized multi-cloud storage solution with a blockchain security auditing platform. It encrypts files before splitting them, and then encrypts each split piece again for double protection. These doubly encrypted file pieces are stored separately across the five prominent cloud storage providers. As a result, Cryptyk can offer about 100 times more security than traditional centralized storage without slowing down access speed.
Cryptyk Tokens (CTK) play a vital role in the Cryptyk ecosystem, acting as utility tokens. They are used primarily for the blockchain security auditing functions. When users pay for storage services in fiat currency (such as USD or Euro), a portion of this payment is converted into CTK tokens. These tokens are then employed automatically by the platform to pay for tracking and auditing every access, edit, or file sharing incident on the blockchain.
The main advantage of Cryptyk is its ability to offer the security benefits of decentralization without compromising on access speed needed for real-time cloud applications. Users benefit from a more secure cloud storage platform that prevents data breaches typical of most centralized storage services. Moreover, with its multi-cloud strategy, if one provider suffers a service outage, user data remains accessible and secure.
Through its encryption and decentralization strategies, Cryptyk ensures that users have enhanced security and privacy. The splitting and separate storage of file pieces across different centralized providers make it nearly impossible for attackers to compromise all parts of a file. Additionally, any access events and file operations are tracked on the blockchain, providing an immutable and transparent audit trail.
Cryptyk (CTK) currently has a market capitalization of $ , ranking it at number #1 in the cryptocurrency market. The circulating supply stands at tokens, while the total supply is 750.0M.
You can purchase Cryptyk (CTK) tokens on various cryptocurrency exchanges listed as Probit. Always ensure that you're trading on a reputable platform and understand the process of buying and storing cryptocurrencies securely.
To store Cryptyk (CTK) safely, you should use a reputable cryptocurrency wallet that supports the token. Choose between hardware wallets for the highest security or software wallets for convenience. Ensure that your private keys are securely backed up and never share them with anyone.
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