CyberMiles, founded by Dr. Lucas and working together with 5 Miles, are introducing blockchain science into the world of e-commerce. The blockchain itself is a technological know-how, which contains a list of records containing transaction facts or a register. A blockchain is a secure way to manipulate a transaction file without breaking it between parties that are no longer participating in the chain block. Usually it uses a peer-to-peer connection, and only those who are connected will be able to access it, otherwise it will remain permanent and unedited. With the inclusion of this system in the vast world of e-commerce, decentralized advertising and marketing on the Internet is becoming increasingly promising.
The blockchain device embedded in CyberMiles will differ from BitCoin or Ethereum devices. This will provide a good size and extensive archive collections used for e-commerce. The previous technological know-how of the blockchain only offers a place with a chain of money transfers, which nevertheless will have to be alternated for real money for a business transaction. However, the CyberMiles device will expand, and people will be able to use the income from cyber-things directly from any e-commerce. CyberMiles will also include a social networking platform, such as Twitter and Craiglist. With this system, an additional flexible commercial transaction will be very simple.
To speed up the transaction process, CyberMiles can speed up a transaction up to ten operations in just 10 seconds. This speed is achieved through the engine Proof of Stakes (PoS). To speed up the transaction with records, CyberMiles merged with 5Miles, where records from 5Miles can be additionally transferred to CyberMiles. Thus, 5Miles users can switch to CyberMiles without creating a new account. The device will keep a log of economic transactions, a full user profile and a savings history. Since he intends to create a decentralization business online, now everyone and everyone can build their own startup and use blockchain technology.
In the past 12 months, Amazon owned 43.5% of the US e-commerce market, and eBay ranked second with 6.8%. Today, the business-to-business technology business has proven to be just as synonymous with e-commerce as Google is with search.
However, Amazon’s dominance in the market has led many to classify the corporation as a monopolist. Monopolies stifle innovation, growing complacency among market leaders.
This leads to negative customer service provided to those with fewer choices. In addition, centralized e-commerce platforms are more susceptible to hacking, and also significantly reduce every sale made on the platform.
5miles sees the likelihood of undermining Amazon's dominance through the growth of a decentralized peer-to-peer market in which e-commerce organizations can operate in huge and even additional sites.
** Using CyberMiles in e-commerce **
The CyberMiles utility for industrial applications will get the ecosystem, and the smart contract module will be used to develop the Jab market. The system is supported by over 10 million customers and transactions. CyberMiles no longer follows the usual blockchain system, since they have to take two steps from developing technological know-how, followed by a search for applications. Instead, CyberMiles is a technology and application at the same time. With such an application, it additionally provides a more specific market in contrast to others.
Under the motto CyberMiles - the motto for the development of market decentralization - is open to widespread adoption and cooperation. CyberMiles modules can be combined with various licensed organizations and various platforms. This will help expand the market and grow the industry. CyberMiles ensures that, above all, cooperation, protection, however, is most supported. He has a clever example of security in which only people can see the recorded archive, but he cannot do something unless the first peer has allowed others to view and edit it. With this system, CyberMiles is a promising business venture.
As an open and collaborative CyberMiles, too much decentralization is prevented from developing a more aligned and tidy machine without stolen data. The low-quality Dapp will no longer be able to cooperate, as only excessive quality and licensed ones can join. It is also designed not to be too flexible for any network, because it reduces bandwidth and reduces efficiency. No device is perfect, but CyberMiles is closed for one.
CMT Token
CMT is the main token used on the network. Like Bitcoin and Ethereum, the token is paid to those who help the network through transaction verification. To earn CMT, people from the community want to:
Check purchases, loans, payments, credit history and other transactions in the community (all information is anonymous, secure and encrypted in the blockchain) Check and execute Smart Business Contracts on the network (these contracts serve program goals that automatically determine who and for how long to pay).
E-commerce organizations can use CyberMiles smart contract infrastructure to run their unique personal tokens on their platform (this is comparable to Ethereum ERC-20 tokens).
Custom tokens created using e-commerce websites that connect to the blockchain can be used to purchase items or for loyalty points programs.
** The last word**
CyberMiles is a blockchain platform created by a 5-mile company, one of the world's leading trading platforms for consumers, in partnership with 5xlab, a technological company blockchain. The goal is to create a platform specifically designed for commercial and market use. The platform consists of intelligent contracts, a virtual machine, middle-level software stacks and other functions.
Here are the reviews that I present to all of you in your search for information and knowledge about the CyberMiles project, which is currently managed by their team. If you do not have enough explanations for this article, do not worry, I created a link for you to get accurate information, information and, of course, you can talk directly with their founder or team via the link.
For more information and to join CyberMiles social networks today, follow these links:
Website: http://www.cybermiles.io
ANN Thread: https://bitcointalk.org/index.php?topic=2344875
Project Whitepaper: http://www.cybermiles.io//wp-content/uploads/2018/03/Project-white-paper_en-US.pdf
App Download Link: https://play.google.com/store/apps/details?id=io.cybermiles.cmtwallet
Twitter: https://twitter.com/cybermiles
Facebook: https://www.facebook.com/cybermiles
Telegram: https://t.me/cybermilestoken
Author: Ahmad Hidayat
Bitcointalk Username: ahmadhidayat27
Telegram: https://t.me/ahmad_hidayat27
Bitcointalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=1125575
ETH Address: 0x95afD6422538c5c9AbF6C7fF4Ec5c45281bD545B