Hello everyone!!!
Today, i will introduce with all about of you the special event of CyberMiles, the next step as Roundmap of this project- testnet event. It is the important event of each blockchain platform.
CyberMiles is the platform specially developed to decentralize the e-commerce businesses. It provides the smart contract and many other facilities to the users. The platform is backed by blockchain technology. As you know, the blockchain technology has proven the most secure technology to create the internet based contract and deal with the large-scale product with ease. The technology is adopted by global businesses for doing the transaction and getting the service at the fingertip.
CyberMiles has the vision to build the blockchain based platform that powers the smart business contracts. It will resolve the latency issues that generally people while dealing with the blockchain system.It will be fuel by Token. It will work as a master token to fund and empower new e-commerce applications. The users can create a new project on the platform. The system works similar to the ETH platform that uses the ICOs to get the funding.
E-commerce has become the biggest industry, In 2017 it reached around $2.3 trillion and is expected to hit $4.5 trillion in 2021 (according to a Statista report). And have you ever hear about Blockchain. What is Blockchain? Blockchain, basically, is an electronic ledger, or better described as a decentralized and digitized ledger which is available for all cryptocur- rency transactions. Continuously growing as one block is completed, it is an updated record of all cryptocurrency transaction from the oldest to the most recent. The blockchain gives market participants the opportunity to track all digital currency transactions without any form of centralized records. Sophisticated cryptographic techniques are adopted to make sure all records are authentic, and the identities of coin holders are encrypted, and therefore anonymous. Furthermore, blockchain technology allows market participants to be sure that that corresponding “digital wallets” correctly, accurately and perfectly calculate the spendable balance. Blockchain has several benefits and feartures that make it most paramount. You can research yourself.
What is the trends of 2018 and years after it? I must tell you, that is, apply Blockchain technology to E-Commerce. Blockchain with it’s wonderful features and benefits will revolutionize the e-commerce industry. Traditional e-commerce will not last long.
The CyberMiles has the vision to create the public network which is highly secure and trusted by the users. It will work autonomously and feed by the member’s information. The company will be operating closely with the 5miles to periodically migrate its sellers and buyers to the first group of users to the decentralized network. The users of the 5smiles will be the first group who will be utilizing the new platform. The user’s output will be recorded and closely monitor for the further development purpose. Once the Cybermiles acquire a good number of people on the platform, it will release the token (‘CMT’) to encourage the users to get more involved in the platform. Eventually, the CyberMiles will reach the peak point where it will become the leading blockchain protocol for the commercial and marketplace applications.
Core features of CyberMiles that make it’s unique
HIGH PERFORMANCE
It 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.
To operate this, CyberMiles issue CyberMiles Token (CMT). CMT is a utility token that pays for participants’ services to the CyberMiles network. We can call CyberMiles Token (CMT) as the Blockchain 3.0, as we know Ethereum is blockchain 2.0, so how CyberMiles is better than Ethereum?
The CyberMiles platform is designed to give complete freedom to the users. The system is completely user-friendly. The user can easily learn to operate the features and start using it from the day one. It is estimated that the cost will be cheap than Ethereum platform. The CyberMiles gives benefits to the users. It waives most of the common operations transactions and allows users to use the platform at no additional cost. The operation is designed in a way that it runs all the operations without compromising the security even if users are not paying for the service.
For More Information Visit :
Website: http://www.cybermiles.io/
Face book: https://www.facebook.com/cybermiles/
Twitter: https://twitter.com/cybermiles
Whitepaper: http://www.cybermiles.io/vision/
ANN thread in Bitcointalk forum: https://bitcointalk.org/index.php?topic=2344875
Technical Whitepaper : http://www.cybermiles.io//wp-content/uploads/2018/03/Technical-Whitepaper_en-US.pdf
Project Whitepaper: http://www.cybermiles.io//wp-content/uploads/2018/03/Project-white-paper_en-US.pdf
Author name: Jamboo30
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1320431
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