Definition
Cloud computing is the practice of using a network of remote servers hosted on the internet to manage, store and process data.
Understanding the term
The meaning of ‘cloud’ in this context is information being stored remotely in a virtual space. Cloud service providers enable users to store files and applications on remote servers, after which they can access all the data using the internet. In this process, users are not required to be in a specific place to gain access to it, allowing remote working.
Cloud computing can be both public and private in nature. Private cloud services only benefit a certain number of people, while public cloud services provide these services over the internet in exchange for a fee. In the cryptocurrency world, cloud technology has been adapted for cloud mining. It is a mechanism that uses rented cloud computing power to mine a cryptocurrency rather than using the hardware and related software directly.
Takeaways
Cloud computing, by definition, is the delivery of different services such as data storage, servers, databases, and networking through the internet, among others. Cloud-based storage allows users to save files to a remote database and recall them on demand.