Cyphereim - The Next Step for The Blockchain Industry

Overview

Over the past years, innovation in the blockchain industry and AI technology have been incredible and unique as it utilizes various fields and has gained a lot of interest from both individuals and organizations. But Sadly, most of the blockchain-adapted platforms follow a protocol of either being just Centralized or unscalable, for example, bitcoin utilizes a consensus system that is community-based but lacks efficiency. Due to this and more, Cypherium’s personnel did their research and developed it in order to solve this occurring issue that most blockchain mediums have today.

What is Cypherium?

Cypherium is an enterprise-ready blockchain project, which is designed to be highly scalable and robust which utilizes a hybrid design that features a joint Proof-of-Work (PoW) and HotStuff (Also adopted by Facebook’s Libra) consensus mechanism that can allegedly achieve thousands of transactions per second without sacrificing decentralization. Cypherium is designed in such a way to focuses on achieving scalability, decentralization, and commercialization viability.

Benefits of Cypherium

The platform provides a highly contained and secured network that has the capability of protecting the Cypherium network.
The Cypherium system is great for efficiency and it can take care of a lot of transactions while making them incredibly fast through the integration of the 2 consensus systems on the platform
As previously iterated, the mining operations are taking care of with the involvement of the 2 individual blockchains who handle them separately.
Minor taxes are removed for smart contracts, providing the platform with a better and sustainable user experience for enterprises of all sorts.
Voting Operations by government individuals or organizations are done and executed on the platform’s blockchain. The voting-based information is contained in the blockchain for future utilization.
Cypherium also fortifies and strengthens its security through cryptographic Verifications.
With the Platform’s Smart Contracts, Multiple individuals can produce a digital report which affirms an agreement, Once all parties involved signing the agreement digitally, there will be no altercations of any kind.
Cypherium includes a very efficient and affordable path of utilizing or executing financial tools such as stocks unlike non-community-based networks
The CPH tokens on the platform can also act as a conciliator while making currency conversions on transactions.

How does Cypherium Works?

Mining in traditional Proof-Of-Work protocols like Bitcoin takes on two related yet distinct functions. First, mining involves electing a leader who is responsible for generating the newest block. The second function consists of verifying the transaction data that exists within the block body. However, there is nothing inherently beneficial about using a single process to complete both of these actions.

Cypherium’s Technology separates these two processes into two distinct blockchains in order to improve the efficiency of both. Cypherium election chain chooses Proof-Of-Work leaders to write new blocks, while a transaction chain uses hot stuff consensus to verify the transaction data within those blocks. Building off Bitcoin-NG and ByzCoin Protocols, The Cypherium Blockchain is optimized for both On-Chain Scalability & permissionless mine ability through this Hybrid approach to consensus.

The key feature of Cypherium

Hybrid consensus separates consensus from the transaction verification process. This means that bandwidth is limited only by the capacity of the individual nodes and latency only by the propagation time of the network. There is no waiting for transaction verification. This reduces the overhead of the network request, making transaction speeds orders of magnitude faster.
A Turing-complete scripting system supports more advanced and ﬂexible transactions, also known as smart contracts, which run inside a secure runtime environment called the Cypherium Virtual Machine (CVM) an isolated and secure environment in which to execute smart contracts written into the Cypherium blockchain. The Cypherium Virtual Machine (CVM) is based on the register-based Dalvik VM architecture, a lightweight Java Virtual Machine originally adopted by Google’s Android operating system. As a result, Cypherium is able to execute smart contracts on mobile devices.
Built-in governance mechanisms that reduce the need for hard forks, reducing the need for costly upgrades to ensure compatibility and consistency
Decentralized federated design, maintaining the integrity of the blockchain architecture
Duo sandbox custom made for the smart contract; one for testing and one for deployment to ensure security

Cypherium Use Cases

Cypherium’s performance and scalability allows the following innovative use cases for their enterprise customers

. Decentralized exchanges allow users to fully take advantage of Cypherium’s smart contract capabilities. With cross-chain features, an order record database, and decentralized exchange capabilities that are easily developed through the Cypherium interface, smart contracts are efficient and easy to use.

. Transactional copyrights are enabled by querying content information in IPFS, Cypherium’s distributed file system which links all computing devices with the same consolidated system of files. This capability foundation is ideal for external copyright transactions for software, audio, and video. For these applications, Cypherium smart contracting provides timely state management, querying, and efficient transaction speeds.

. Medium to large-scale collaborative computing applications such as Bitcoin joint mining processes, meteorological calculation, and artificial intelligence benefit from the Cypherium smart contract. Everyone has the ability to use their own computers to contribute, making it easy to track and calculate the cost and then distribute profits to the participants.

. Bill transactions using underlying Cypherium blockchain technology solve authenticity problems around bills, deeds of sale, and other forms of authentication and provenance. With blockchain’s transparency, all stakeholders in the transaction network are broadcast visibly.

What is Cypherium Token (CPH)?

The token Represented on the Cypherium chain network is denoted as CPH, This CPH token is a native and utility token created to execute or implement transactions especially smart contracts. it is mostly utilized for developing community-based applications and functionalities. With the use of the token, which serves as a conciliator for trading, this will result in liquidity generation, which helps stabilize the ecosystem.

Roadmap

Team