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The Cryptyk Token – the new digital crypto-currency for cyber-security

The Cryptyk Token (or CTK Token) is the new digital crypto-currency for cyber-security and cloud storage applications. It enables enterprises, businesses and individuals to purchase cloud security and storage services from Cryptyk Inc. These customer purchases drive the CRYPTYK hybrid blockchain engine and fuel the resultant CTK crypto-economy. The hybrid blockchain engine securely stores confidential files, controls user access, tracks file sharing between users, and encrypts all stored data and network communications. These security services or transactions are authenticated and processed by a consensus of crypto-currency miners on a blockchain platform, who also get paid for their services in CTK tokens. The CTK token is a “utility” token whose long-term growth in value is driven much more by customer transactions than by investor market sentiment. Nonetheless the CTK is the first utility to meet SEC requirements for securities. The CRYPTYK platform and the associated CTK crypto-economy is the first complete, cost-effective cyber-security and cloud storage solution that can be used by individuals, businesses and enterprises alike. It has the potential to revolutionize the global cyber-security industry by eliminating the profit from hacking, and removing risk from the cloud. The CTK economy is structured with multiple incentives for all participants including customers, developers, miners and token sale investors.


Enterprises are increasingly moving from on-premise storage to cloud storage because of greater user mobility and real-time collaboration applications. However, the biggest risk and largest cost involved in migrating a business to the cloud is in cyber-security. For every $1 spent on cloud storage $4 is spent on security to protect the storage. However, for every $4 spent on cyber-security around $25 is still lost to cybercrime. Despite the best efforts of the $150 Billion cybersecurity industry, losses to cyber-crime are now approaching $1 Trillion annually.


In contrast to conventional centralized enterprise storage and security solutions, CRYPTYK leverages the inherent security of two decentralized platforms. VAULT is a decentralized cloud storage platform that first encrypts every file, divides each encrypted file into 5 separate pieces, encrypts each piece a second time, and then separately stores each piece on 5 of the major independent cloud storage providers (eg: Google, Amazon, IBM, Rackspace, Box). This storage architecture is passively immune to external security threats, viral and malware threats, and operational threats such as DDoS attacks on the storage providers. And unlike blockchain storage platforms with > 20 second access latencies (eg: Filecoin, Storj, Sia), VAULT has a tested access latency < 200msec so is suitable for real-time collaborative applications such as live editing. SENTRY is a decentralized blockchain auditing platform that acts as an enterprise security manager for network administrators. All user access and file sharing events are recorded on a permanent immutable blockchain ledger for monitoring. analysis and tracking. SENTRY offers the enterprise protection against potential internal security threats and surveillance threats.

CRYPTYK Platform Architecture

Low cost cloud storage services for data-at-rest applications are a fundamental weakness for all conventional security solutions that are complex and expensive to deploy. Building a complete enterpriseclass security solution must also incorporate cloud storage as a fundamental building block to ensure an optimal security profile. The design philosophy that underpins the hybrid CRYPTYK architecture is based on optimizing specific characteristics of three different decentralized platforms to meet the varying multitude of critical performance requirements for both enterprise security and storage applications. Not every decentralized platform is ideal for every online application and it requires the integration of three different but complimentary platforms to meet the broad performance and usability demands for a complete enterprise-class security and storage solution. Cryptyk digital tokens or CTKs are an essential ingredient that powers the entire CRYPTYK platform architecture by:

• Enabling the three different decentralized storage platforms (VAULT, PASSPORT and CODEBOOK) to operate with each other and provide multiple layers of security,
• Allowing enterprise customers and individual users to purchase a complete range of security and storage services,
• Providing incentives for enterprise customers to initially trial and deploy security and storage services,
• Providing incentives for open source developers and alliance partners to support the CTK ecosystem by developing an expanding range of compatible API and plug-in products, and
• Providing incentives for ecosystem participants and crypto-currency miners to preferentially process CTK Proof of Security (Ps) calculations that powers the private blockchain platform PASSPORT.


Source: youtube/ Cryptyk Inc

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