Cryptyk $CTK

Cryptyk is revolutionizing the cloud storage industry by developing a crypto-powered solution that combines the speed and scalability of centralized storage with the security and privacy offered by decentralization. This innovative approach allows for ultra-fast, secure, and private file storage on a decentralized platform, without compromising access latency. Unlike existing blockchain file storage technologies which are secure but slow, Cryptyk offers real-time performance, making it suitable for a broad range of consumer and business markets.

A Hybrid Decentralized Cloud Design

At the core of Cryptyk's solution is a hybrid decentralized cloud design. Unlike other platforms that store files on the blockchain, Cryptyk stores files on a decentralized multi-cloud platform. This unique approach enhances security by a factor of 100 compared to traditional centralized storage methods. However, it doesn't compromise on speed, as it maintains optimal access latency of less than 200 microseconds. This efficient process involves first encrypting files, splitting them into five separate pieces, and then encrypting each piece a second time. These doubly-encrypted file pieces are stored separately across five major centralized storage providers: Google, Amazon, IBM, Oracle, and Microsoft.

Blockchain Security Auditing

Adding another layer of security and accountability, Cryptyk integrates its decentralized multi-cloud platform with a blockchain security auditing system. This platform permanently stores and tracks every user access event, file editing, and sharing event on the blockchain. This ensures the immutable permanence of data and aids in reliable auditing and tracking capabilities.

Cryptyk Tokens (CTK)

The blockchain security auditing platform is powered by Cryptyk Tokens (CTK). Users of the cloud storage platform, who pay in fiat currencies like USD or Euro, automatically acquire these tokens. A portion of the payment is converted into CTK tokens to cover security auditing functions. This makes CTK a true utility token within the Cryptyk ecosystem.

With its innovative hybrid approach, Cryptyk's crypto-powered cloud storage platform not only offers unparalleled security and speed but also represents the first decentralized technology that can truly compete head-on with centralized vendors like Google or Amazon. This marks a significant milestone in the evolution of cloud storage technology.