Have been following this project for some time and the fundamentals are rock solid. No hype, just solid tech with real world use potential. Looking forward to seeing it on a couple of bigger exchanges; but for now I'll just pick up some more dirt cheap from 1ex.trade.
Do you think many people will use their platform as a storage system? Are they vulnerable to potential hacks also? What will happen if their server is down, do they have backup of backups in case one system fails?
CHBT has a data centre in Switzerland where the CHBTPaygate closed source blockchain runs from (CHBT itself is open source; the two chains are connected). So stored data is pretty damn safe.
This is a good valid question.
The CHBToken is decentral like any other PoS 3.0 coin. CHBTPaygate is spread over several locations, so if one site goes down it will carry on as normal, over time there are more and more locations added. In a sense of central & decentral. And yes the CHBTPaygate is closed source.
The local signed files you still have on your local system, only certification is online.
The signed and uploaded files are encrypted with a 1015KB encryption key and then stored online, you have also the added option to add your own password on top of each file to make it even more secure. In the same time you still have a copy of this file on your local system (for times when you don't have internet access and need the file). With the share preparation of a file and added password on top of the encryption you can also control access to this file as you need the Password and encryption key to view the file.
Regarding potential hack, nothing is 100% secure irrelevant what crypto currency or technology, but we aim to do our best to secure this as much as possible and keep improving on it.
Thanks
CHBT Team