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Cybermiles – The Next Generation Blockchain For E-commerce

Discussion in 'Altcoins' started by Greatman, Mar 23, 2018.

  1. Greatman

    Greatman Leader Mod

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    1_ioCwBEP_WwliQr-VFFtKeg.png-Cybermiles – The Next Generation Blockchain For E-commerce What is CyberMiles?

    CyberMiles is a next generation blockchain for smart contracts. Its Smart Business Contract is designed to be far more powerful than Ethereum Smart Contracts.



    History

    CyberMiles is the blockchain technology being developed by CyberMiles Foundation, a blockchain research laboratory working closely with 5miles. 5miles was formed in 2014 by a world-class team from China and the US. Since its inception, 5miles has since raised approximately USD 62 million from top-tier investment firms such as SIG, ID, Morningside, and Blue Lake. Since the launch of its app in 2015, 5miles has already established itself as a Top 10 shopping app, with more than 12 million users and USD 3 billion in annual transaction value.
    Its founding CEO, Dr. Lucas Lu, was previously a co-founder and CTO of Light In the Box, a company which went public on the NYSE. Before that, Lucas was the first GM of Alibaba’s Taobao Mobile platform.

    Benefits
    HIGH PERFORMANCE
    I
    t is fully compatible with Ethereum and can run all Ethereum smart contracts and Dapps. Yet it is 100 times faster than Ethereum in terms of transaction per second (TPS).


    MORE SECURE

    It is safer than Ethereum. The CyberMiles blockchain proactively stops common smart contract bugs that had caused loss of fund on Ethereum. And if a loss of fund still occurs, CyberMiles supports an on-chain governance process to transparently recover the fund through community consensus.


    LOW OR NO COST

    It is more user-friendly and cheaper to use than Ethereum. The CyberMiles blockchain waives transaction fees for most common operations. It achieves this without sacrificing security of the network.



    Vision
    • Building on the Smart Business Contract technology: CyberMiles is specifically optimized for e-commerce. It has the benefit of a single large network, and yet is maintained and validated by the community of trustless peers.
    • CyberMiles is optimized for e-commerce applications. It will provide a large library of commerce-related Smart Business Contracts, making it a breeze to build decentralized commerce applications.
    • CyberMiles encourages effective participation. New tokens will be minted over time as the network grows. As holders of CMT tokens are crucial to the DPoS consensus, they have the opportunity to receive new tokens.
    • CyberMiles could support tens of thousands of transactions (TPS) per second through a state-of-the-art Proof of Stake (PoS) consensus engine. In contract, Ethereum today only supports 10 TPS
    • As the CMT is optimized for e-commerce use, it is designed to facilitate decentralized settlement like Ripple (XRP). XRP settles transactions between big banks, while CMT will settle transactions between e-commerce and peer-to-peer finance parties.
    • CMT will become the first cryptocurrency to be used by over 12 million US-based users. The CyberMiles network will soon be several times larger than the Ethereum network.




    Website: Cybermiles – SMART CONTRACTS FOR E-COMMERCE
    Twitter: CyberMiles (@cybermiles) | Twitter
    Telegram: CyberMiles
     
    Last edited: Mar 23, 2018
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