Introduction - CyberMiles (CMT) will hold a Test-net Conference

CyberMiles (CMT) will hold a Test-net Conference
What is Cybermiles?

Cybermiles is a new, fast and rising generation block-chain used for small-scale businesses or contracts developed by Michael Yuan. As compared to other cryptocurrencies such as; Ethereum, Bitcoin and others, it is said to have being designed to have a “Geek Business Contract” which is more superlative and superior. It is far more superior to “Ethereum Smart Contracts” and with its fast and rising rate, it would soon be regarded as the next world’s Ethereum (ETH).

Cybermiles has a future tendency of being the most used cryptocurrency in the world. It would cover a large rate of above 10 million users that are currently based in the United States. This large expanse covered makes them a competitor and rival to Ethereum. It has been designed effectively to support applications on e-commerce whereby it provides a vast array of archive or collections for commerce-related transactions. This array proportionally makes it possible for the start-up of a decentralized application on e-commerce.

Cybermiles has been well optimized to support tens of thousands of business transactions in a split of seconds (10,000TPS; ten transactions per second) through a master designed technology called Proof of Stake (PoS) consensus engine. This technology possessed also shows a huge difference from Ethereum. Ethereum only can support about ten transactions in a split of seconds (10TPS; ten transactions per second. This is about 0.001% difference.

Another interesting thing is that it can help to save and store up data during migration. In a case where a user’s data is on 5miles, Cybermiles partner with 5miles to transfer records into the Cybermiles blockchain protocol and technology. It stores up user’s identity, log, credit history, and other financial transactions. It ensures privacy and good security. This process makes it possible for the migration of over 12 million United States based users and also 5miles to be one of the first if not the first to use a Cybermiles blockchain protocol and thereby making a legit business world possible.

Cybermiles Token (CMT) also helps in e-commerce by aiding decentralization of settlement like XRP (i.e. Ripple). Ripple supports transactions with big financial institutions such as Banks while Cybermiles Token (CMT) are involved with transactions in small scale such as hand-to-hand (peer-to-peer) parties. Cybermiles also allows for responsive and initiative participation in which bonuses are being recorded. As the cyber network enlarges, new bonuses or profits are given to their holders thereby giving an opportunity for people to show their extensive participation.

Lastly on the issue of Initial Coin Offering (ICO),there is known to be a market size of over $1 trillion on e-commerce application on Cybermiles. Cybermiles application makes use of CMT as their mode of issuing ICO to peer parties. This method is quite easy, fast and time-saving. This idea is as similar to Ethereum in which they issue ICO with ETH.

Based on facts and data available, Cybermiles will be known to be one of the most promising cryptocurrency in future even more than Ethereum itself. The aim is to incorporate blockchain technology into the modern world.

Website : https://cm.5miles.com/

How can Cybermiles change the e-commerce business?

As earlier mentioned that Cybermiles involves incorporation of blockchain technology to the modern world, it is pertinent to talk about how technology has an influence on e-commerce. Technology has had an impact in keeping records of transactions and other contracts between two parties i.e. the buyer and the seller. There are different ways in which these e-commerce relationships are improved between a buyer and seller online now;

· Mobile Applications: These involves the use of modern technology for convenience now. The age in which buyers walk into seller’s spot is over. The use of mobile applications can make a buyer shop with ease and delivery can be made possible. The only physical interaction or contact is during delivery.

· Boom of Small Businesses: In view, small businesses are having a promising future. This is very important for people that are thinking or considering e-commerce marketing.

· Consistent Interest of Buyers on Seller’s mind: Features on these mobile applications allow a wide range of options that suits the buyer’s taste thereby making a good and steady relationship and understanding between both parties effectively even without contact.

It is of no surprise that blockchain technology now shakes the e-commerce sector. There are several millions of transactions, contracts and businesses each day and the blockchain technology system has been regularized by different organizations to control finances. Taking Cybermiles for example that is fast growing, has a blockchain technology that transforms the financial sector and ensure privacy and safety in transactions. It secures payment and verifies credible user identity. Recently in China (home of the greatest e-commerce giant; Alibaba), the use of blockchain technology was used to avoid the risk of counterfeit products.

The benefit of this technology is to bring smaller units together i.e. peer-to-peer parties and to promote an extensive public market system. This concept has been adopted and proven effective by 5miles which is leading in the USA as a peer-to-peer market. Also, they recently announced the invention of a 5xlab; a blockchain lab that offers a good technological development to building a stable digital networking system.

Cybermiles in partnership with 5miles can do much working together promoting a stable network infrastructure with all assets on deck. This method is to support and improve cryptocurrencies and execute smart business contracts for better market networking and shopping.

The importance of Cybermiles in the e-commerce is to bring forth a change in how transactions are being made. Cybermiles has been known for its credibility, uniqueness and transparency. Fraud is a major challenge in the e-commerce sector whereby peer-to-peer online purchases have an issue with goods that are not genuine (i.e. fake goods or unauthenticated items). Hence, for the elimination of this fraudulent practice, a blockchain system can do much to ensure transparency and records can be saved up permanently for every transaction that is made. It avoids or reduces human error, promotes efficiency and shows more resistance to fraudulent practices.

Why should you join Cybermiles?

Cybermiles has a purpose for both buyers and sellers in which they encourage that goods and products can be bought and sold with so much certainty. This is an eye opener which helps to invent and develop new ways in which a credible market system may be established. There is so much confidence participating in this because it is as credible as getting from Amazon or Walmart. Cybermiles being based on business transactions, contracts and commercial applications makes the credible system rise tremendously within a short range of time. Cybermiles are being used for various commercial applications such as turnkey solutions for the building of trading platforms i.e. c2c, an alternative mode of payment being structured & providing financial answers to e-commerce, a decentralized local business platform.

Cybermiles has its own mode of payment i.e. currency just like the way Ethereum has ETH, Cybermiles has CMT that controls the whole networking system. It is a high liquid currency that is widely acceptable in many applications and can be mined easily to users. These are the 2 things to be noted about the CMT (i. powers the system, ii. Liquid and acceptable). Cybermiles has 2 main differences when compared with all other existing cryptocurrencies. These differences are;

· Highly experienced team in the area of e-commerce with over 12 years of working experience that participates in the developing and execution of answers for commercial applications.

· Due to tremendous growth and development, there is likely to be early acceptance of Cybermiles due to amazing records set (over 12 million users) since the year of launch.

In short words, they contain features such as;

· There is a “master bonus/token” usable for e-commerce which ensures that other e-commerce platforms can run on the blockchain system.

· They have a secure, transparent and secure system which makes sure that fraudulent practices can be exposed and all other necessary information are secured.

· Ensure safe and secure transactions take place with CMT as a currency or mode of payment.

· CMT is easily accessible and acceptable due to its liquidity (high).

· It has a collection or archive of commerce-related transactions.

· It is useful so that all other e-commerce site can be found on one site easily.

· It establishes an alternative credit system which promotes small-scale businesses and personal lending.

· It brings into existence a real, virtual market where goods and services can be met.

The testnet event that Cybermiles (CMT) participated in?

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 coin 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

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