Glossary - ChicksX

Cloud is a network of remote servers storing, managing, and processing data, accessible via the internet anytime, anywhere.

Cloud is a system of remote servers hosted on the internet to store, manage, and process data. Unlike local servers or personal computers, cloud computing enables users to access their data and applications from anywhere with an internet connection. It offers flexibility, scalability, and cost-efficiency, as users pay only for the resources they use. Cloud services are categorized into three main types Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS). This technology supports various applications, from data storage to complex calculations, making it essential for modern businesses, including crypto/fiat exchanges.