Cypherium, A blockchain And Smart Contracting Platform

in dcif •  3 years ago 

cypherium

About Cypherium

Cypherium makes a number of advancements in decentralized ledger technology. Firstly, its proprietary consensus mechanism offers a unique solution to the so-called “blockchain trilemma” of scaling, security, and speed with a strong emphasis on applicability.

While other third-generation blockchains have abandoned Proof-of-Work, the fundamental innovation of Bitcoin’s Nakamoto Consensus, Cypherium marries this older methodology to a more current cutting-edge technology, the HotStuff algorithm employed by Calibra. As such, Cypherium is the first public and permissionless HotStuff-based blockchain.

Cypherium achieves this by rethinking the role of mining, breaking the process down into two component parts–minting new coins and verifying transactions–and supplying each with its own blockchain. This novel consensus architecture, called CyberBFT, improves upon the work of many established projects in the space including Bitcoin, ByzCoin, Bitcoin-NG, and others.

ECOSYSTEM

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The Cypherium Virtual Machine (CVM)

The Cypherium Virtual Machine (CVM), is a Java-based virtual runtime environment for the execution of smart contracts on the Cypherium network.

Just as CypherBFT emerges as a solution from a careful analysis of the pain-points of prior decentralized technologies, the CVM offers original solutions to distributed computing’s most persistent problems.

Chief among these attributes is the CVM’s Java compatibility, which grants the Cypherium network access to the world’s largest pool of legacy development and computing infrastructure. This serves as a necessary access point between the legacy web and a decentralized future.

Other key features of the CVM is hierarchical calculation, native 64-bit integer support, fixed-point representation, increased security, compatibility with other VMs including Ethereum’s EVM, atomic swap support, IPFS docking, and more.

The CVM is a key innovation that allows the Cypherium network both to support everyday enterprise and economic transactions and to provide a framework for the developments of meaningful, “killer” decentralized applications.

One of the most notable uses of Cypherium, as a highly scalable blockchain system, is its use as an interbank intermediary.

Through tools like CypherLink (a notary mechanism based on the InterLedger protocol), Cypherium Connect (a third-party plug-in module for banking systems), and Cypherium Validator (a verification machine), our network can link any two banking systems; Cypherium can support cross-chain transactions among any two digital currencies.

This is a vital feature of our network, particularly given the increasing promise and prominence of Central Bank Digital Currencies (CBDCs). Cypherium’s architecture makes it an ideal technology to connect all kinds of data systems and enterprises, both public and private, as industries across the board turn to decentralization. We at the Cypherium network believe this on-chain migration will be a large part of the economic and technological landscape of the next five to ten years, and Cypherium provides the support necessary in this period of change.

Core Team

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In the coming months and years, Cypherium plans to adopt several additional features that will become necessary for the network to mature.

They will also foster a common understanding among our devs, which will be an absolutely necessary foundation for the development of future apps and enterprises in an open system like Cypherium’s public network.

For More Information visit link at below this:

WEBSITE: https://www.cypherium.io/
WHITEPAPER: https://www.cypherium.io/whitepaper/cypherium-whitepaper-2-0/
MEDIUM: https://medium.com/cypherium
TWITTER: https://twitter.com/cypheriumchain
TELEGRAM: https://t.me/cypherium_supergroup

Bct username: Sinseykoin
Profile link: https://bitcointalk.org/index.php?action=profile
CPH address: CPH0DEEEA33A3355A060ACF7C64DBFD64A77F2A3B25

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