What is Crowd Machine (CMCT)?
Future of CMCT Cryptocurrency and know how to buy CMCT

#1: What is CMCT?

CMCT: The Basics

Traditional distributed software platforms like AWS or Azure are still in their infancy and have many things left to be desired in terms of efficiency, speed, and reliability. Crowd Machine attempts to revolutionize distributed computing by providing a blockchain based decentralised platform to run applications.

CMCT Development

  1. Crowd Machine was announced in November, 2017 to the public. It was founded by Craig Sproule. The beta version of the platform was released to testers in January, 2018.
  2. CMCT had a pre-sale, open to only accredited investors. from February 2018 to April 2018. A total of 125,000,000 CMCT coins were sold during this period, generating 52,463 ETH in funding. The public ICO, open to anyone, will run from April 2018 to May 2019, during which all 2 billion CMCT will be offered.

 

#2: What are the benefits of Crowd Machine?

CMCT Technology

  1. Crowd Machine is currently based on the Ethereum blockchain, with CMCT being an ERC-20 standard token. However, Crowd Machine aims to eventually be completely blockchain agnostic, which will allow any blockchain network to be a part of the Crowd Computer.
  2. This is why instead of the Proof-of-Stake mechanism, CMCT follows a custom consensus called Agoric. In this mechanism, the network is divided into Blocksigners and Watchmen. Blocksigners are responsible for verifying and signing blocks, while Watchmen are responsible for maintaining distinctions between different blockchains, by monitoring and verifying inter-blockchain transactions and movement of assets. Both Blocksigners and Watchmen receive a variable amount of CMCT as a reward for securing the network.
  3. Crowd Machine works by using blockchain technology to assimilate unused computing resources of machines into a massive, decentralised, global, and coherent computing platform, called the Crowd Computer. Each node on the Crowd Computer, called a Crowd Virtual Machine, provides computational resources to enable the efficient execution of apps on the Crowd platform. In return, nodes receive a variable amount of CMCT as a reward for donating their computing resources to the network.
  4. Crowd Machine uses smart contracts to facilitate things like app permissions, usage requirements, amount of computing power chosen to be donated to the network and so on. Since smart contracts are implemented at the blockchain level, the processing speed of the network is very fast, reducing the execution time of DApps and third party applications immensely.
  5. Crowd Machine also includes a very extensive application development software called the Crowd App Studio. The studio is lightweight, and runs off the blockchain, preventing slowing down of the mainnet. It allows developers of any caliber to easily and efficiently develop applications that can utilise the full extent of the platform.
  6. Crowd Machine also includes an online marketplace called Crowd Share. Developers can share application code on this marketplace, which speeds up development even more. App developers are paid a certain percentage of CMCT annually in return for their contribution to the Crowd ecosystem.

Key Features

  1. User-friendly - Crowd Machine includes a very robust and easy-to-use application development software called Crowd App Studio on its platform. The App Studio makes it very easy for developers to immediately start developing distributed applications for the Crowd platform, without any steep learning curve. The Studio employs drag-and-drop functionalities, allowing people who don’t even know how to code to develop robust decentralized applications. The Crowd Share marketplace makes development very fast and reliable, with the help of community verified code snippets that can be used by anyone.
  2. Efficient - Crowd Machine solves the biggest problem with current distributed software platforms, like AWS, which includes extremely slow execution times, and immense network delays. With a fast and efficient consensus mechanism, the ETH blockchain base means that the underlying blockchain is much more quicker and leaner than other cryptocurrencies like BTC. Inter and intra blockchain verification is done by dedicated nodes, which frees up the entire network’s computational power to solely run decentralised applications efficiently and quickly.
  3. Secure and robust - Crowd Machine was built with security and reliability in mind, so that enterprise level critical applications can run on the platform without issues. Crowd Machine has a set number of nodes of verifying blockchain transactions, which completely eliminates flaws in the BTC code-base, such as 51% attacks. The App Studio runs off the blockchain, and each app has a firewalled area for execution, protecting the host of the Crowd Virtual Machine from malicious data access, and protecting the blockchain from collectively executing malicious code.

 

#3: How to Buy & store Crowd Machine?

How to buy Crowd Machine

  1. Crowd Machine can be bought on exchanges like Bittrex, HitBTC, and IDEX, with Bittrex being the largest by volume.
  1. Upon public launch of the final platform, sometime in early-mid 2019, users can earn CMCT by either helping secure the network by verifying transactions, donating computational resources, or developing decentralised applications.

CMCT Wallet

Since CMCT is an ERC20 standard token, any wallet that supports ETH and Ethereum tokens will automatically support CMCT as well.

CoinSwitch

While cryptocurrency exchanges provide you with a platform to buy or sell the CMCT cryptocurrency, CoinSwitch, the largest cryptocurrency exchange platform, comes in to help you make the right decision by providing the prices for CMCT on multiple crypto exchanges. With support for more than 140 coins and 45,000 pairs of cryptocurrencies, you can choose whichever pair you want with your token and compare the prices at multiple exchanges. This way, you can choose the best deal for you!

What’s more - with CoinSwitch, you do not rely on a separate CMCT wallet from the exchange to store your CMCT cryptocurrency. Instead, all transactions happen to and from your own personal private wallets.

 

#4: What is the future of Crowd Machine?

Also Read: Complete Analysis of Crowd Machine | Live Crowd Machine (CMCT) Price Charts And Predictions

Price History

Date

Open

High

Low

Close

Volume

Market Cap

Aug 15, 2018

0.019763

0.021492

0.019578

0.019962

103201

8946254

Aug 01, 2018

0.029972

0.038523

0.027917

0.038523

1980190

13454705

Jul 15, 2018

0.02129

0.023344

0.020539

0.022333

1387520

9557382

Jul 01, 2018

0.029058

0.032875

0.026821

0.030378

269198

13001958

Jun 15, 2018

0.051387

0.052953

0.044443

0.048404

1325440

22992484

Jun 01, 2018

0.049627

0.060457

0.048182

0.060266

306332

-

May 15, 2018

0.044515

0.083143

0.040685

0.04563

427615

-

May 04, 2018

0.099237

0.123499

0.090847

0.117951

220487

-

  1. Crowd Machine has seen recent fluctuations in its price, owing to the pre-sale in January 2018 and commencement of the public sale in April, 2018.
  2. Price will take some time to stabilise, however, they are likely to rise once the final platform is released to the public.

 

#5: How is Crowd Machine different from other cryptos?

  1. Real-world integration - Crowd Machine is one of the handful of cryptocurrencies that have been trusted enough by multinational corporations to be used to run enterprise level decentralised applications. Collaboration partners include PayMachine, a decentralised payment gateway based on blockchain technology, and Caywon Pharmaceuticals, a pharmaceutical manufacturing and distributing company based in USA.
  2. Developer and User friendly - Crowd Machine is one of the few coins that is both developer and user friendly. Crowd has features like the robust App Studio, the Crowd Share market, and a Crowd Academy, where developers can complete training courses and become certified developers for the Crowd platform. The ease-of-use and intuitive nature of the Studio, and the Crowd execution environment, make it extremely easy for people with no knowledge of coding to begin developing robust decentralised applications. The simple deployment of DApps, and easy setup of Crowd Virtual Machines allows users to immediately start utilising their unused computing power and earning CMCT.
  3. Robust and Secure - Crowd Machine employs segregation of the host Crowd Virtual Machine and the blockchain itself, preventing malicious code from infecting the host machine or the blockchain. A fixed number of nodes whose sole purpose is to verify and authenticate transactions means that brute-force attacks or 51% attacks are not possible on the platform. Crowd Machine also requires compulsory photo ID verification in order to participate in the public sale to purchase tokens. All these features make the Crowd platform extremely secure and tamper-proof, allowing sensitive or critical applications to execute without a hitch.

 

#6: Should you invest in Crowd Machine?

  1. Crowd Machine is still in its infancy, with the public beta being scheduled for some time in late 2018. Prices will likely rise once the beta is released.
  2. Prices are likely going to be at their lowest point in the following months. Once the platform is released, it is likely prices will continue rising as more users and corporations adopt Crowd Machine and employ it in developing and executing DApps.
  3. While investing in any cryptocurrency is subject to their inherent volatile nature, the strong market potential of Crowd Machine, along with its robust development, and strong technology, make it a very good contender for investment.
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