INTRODUCING THE CYBERMILES PROJECT AND THE TESTNET PROGRAM

WHAT CYBERMILES?

Cybermiles (CMT) is a blockchain technology developed and operated by 5xlab — a research and development base for blockchain. 5xlab partnered with 5miles — a group of world-class experts from China and China. 5miles was established in 2014 and has grossed $ 62 million from well-known investment companies such as IDG, SIG, Blue Lake and Morningside.

5miles is expected to be the first platform to use CrystMiles’ blockchain protocol, while supporting 5xlab for more robust technology. 5miles has been leading innovations on the online and offline marketplace for 3 years, 5miles has favored the techniques and trade needed to refresh the blockchain technology and smart contracts for practical applications.

5xlab will be looking for solutions to leverage their expertise in developing CyberMiles with the trust and dedication of the development team. This will help CyberMiles become the leading blockchain technology for real-world operations.

BRIEF INTRODUCTION ABOUT 5MILES

5miles is a business standing in the top e-commerce market in the world, connecting consumers with consumers (c2c) in USA. Currently the company’s top application is called 5miles application and up to 10 million users are registered in the US, according to estimates estimated to exceed $ 3 billion in total transaction value by 2017.

In addition, the 5miles app is also ranked in the top 10 best US shopping apps. On average, 5miles of users spend 24 minutes per day on the application, which is important for 5miles to become one of the most attractive ecommerce applications in the US.

5miles is run by Dr. Lucas Lu, formerly co-founder and chief technology officer of Light In the Box, a company listed on the New York Stock Exchange (NYSE) . In addition, Lucas was the first CEO of Alibaba’s Taobao mobile platform.

WHAT ARE THE DIFFERENCES BETWEEN CYBERMILES AND ETHEREUM?

CyberMiles (CMT) was developed specifically for commercial and transactional applications. Existing platforms tend to become less effective for contracts that govern specific commercial transactions, because those platforms are not designed to serve these purposes. In contrast, CM is currently being developed to build intelligent contract modules that maximize the efficiency of IT technology required for timely completion of the transaction.

CyberMiles is a cutting-edge blockchain for smart contracts. CyberMiles’ smart business contracts are designed to be more powerful than the smartest of Ethereum. It will become the next generation Ethereum (ETH).

Cybermiles is optimized for ecommerce application field. It will provide a tremendous library of business intelligence deals related to e-commerce. This has created a powerful CyberMiles capable of establishing commercial applications.

Just like Ethereum’s ETH, applications created from CyberMiles have the ability to use CMT to release their own ICO. Up to $ 1 trillion is the size of the market for e-commerce applications.

CyberMiles can support tens of thousands of transactions (TPS) per second through the most up-to-date development phase, incorporating the latest innovations and state-of-the-art Proof of Stake (PoS) capabilities. Consensus. According to the contract signed today Ethereum only supports 10 TPS.

Because CMT is optimized for e-commerce use, it is designed to simplify decentralized payments such as ripple (XRP). The XRP arranges transactions between large banks while CMT’s task is to arrange transactions between e-commerce and financial units where each unit is provided with the same capabilities and powers. Any unit has the right to initiate a conversation.

Development Team

TESTNET EVENT OF CYBERMILES

The digital money that is being developed has a mechanism called Testnet that lets its programmers test the features of the software without having to fear losing coins when trying out the functionality of the program. This mechanism also creates a network of network nodes, miners, users, and even a new blockchain for testing purposes, and you can also use the testnet to experiment with the coin. that before researching further or investing money into it.

You may notice coin or coin depletion using this testnet network. If coin is well developed and tested then you can use coin on testnet network pretty quickly and comfortably. But the unlicensed or untranslatable coin, the transactions on the testnet are not authentic or slow, some functions are not running … From that can evaluate whether to invest in the type coin has no developer or not.

This is how we check the operation of CMT in the transaction to help us be more secure

CMT’s Testnet event will be on March 30th at 11:45 am (GM + 8)

To make the event more successful, CMT has an introductory reward for CMT supporters, their Bounty program with a total of 1,500,000 CMTs distributed in the campaign. The campaign starts on March 22nd and ends on March 30th. You have 1 week to participate in this campaign.

THE INFORMATION IS POSTED ON THE OFFICIAL TWITTER OF LUCAS LU AND TWETTER OF CYBERMILES………