CTK is the new digital currency for cyber-security and storage
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Rating Insights
Cryptyk plans to change the way we think about cyber-security and cloud storage by developing a decentralized file storage platform that will allow for auditing and monitoring — user behavior and all file transfers owned by the enterprise will be allowed to be monitored by enterprise administrators. Cryptyk aims to provide the most secure cloud storage service compared to its competitors.
Product
Cryptyk aims to target enterprise users and small businesses that enjoy the ease of use and convenience of cloud storage while reducing costs associated with cyber security. Cryptyk claims that compared to its competitors in the blockchain ecosystem (Sia, Filecoin, Storj), it will be able to provide low latency access for its users which would be comparable to conventional cloud storage services (200 milliseconds). However, Cryptyk states that it is compromising decentralization in order to reduce latency. They will “compromise between minimal attack surface and low latency is for a node number around 5 storage nodes”, compared to its competitors, such as Filecoin with 20–50 nodes and BTC/ETH with thousands of nodes.