CYPHERIUM
CYPHERIUM-A Trusted Database
Blockchain Technology
At its most basic level, blockchain is literally just a chain of blocks, but not in the traditional sense of those words. When we say the words “block” and “chain” in this context, we are talking about digital information (the “block”) stored in a public database (the “chain”). Blockchain is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system.
A blockchain is essentially a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain. Each block in the chain contains several transactions, and every time a new transaction occurs on the blockchain, a record of that transaction is added to every participant’s ledger. The decentralised database managed by multiple participants is known as Distributed Ledger Technology (DLT). Blockchain is a type of DLT in which transactions are recorded with an immutable cryptographic signature called a hash.
Blockchaini.com is a Bitcoin block explorer service, as well as a cryptocurrency wallet and a cryptocurrency exchange supporting Bitcoin, Bitcoin Cash, and Ethereum. They also provide Bitcoin data charts, stats, and market information. Blockchain.com was launched in August 2011. It was founded by Ben Reeves who was part of the original founding team at Coinbase. The two had a differing opinion on the future of Coinbase, so Reeves left Coinbase to start Blockchain.com. The service provides data on recent transactions, mined blocks in the bitcoin blockchain, charts on the bitcoin economy, and statistics and resources for developers. There were some shortcomings around existing.
Since the inception of Bitcoin, the first public blockchain, researchers, engineers, and entrepreneurs throughout the world have wanted to expand this technology to a broader range of applications. Ethereum, the world’s first blockchain with Turing-complete smart contracts, made a bold attempt to transform blockchain into a general-purpose computing platform.
The existing blockchains of bitcoin and Ethereum were subject to some problems. The most significant drawback of the Nakamoto consensus is its lack of finality. Finality means once a transaction or an action is performed on the blockchain, it is permanently recorded on the blockchain and impossible to reverse. Also is an impending scalability problem: only 3 to 7 transactions can be processed per second, which is far below the number of transactions processed in other transaction-based systems.
Addressing the key shortcomings of existing public blockchain infrastructures and enabling interoperability in every corner of the ecosystem, comes Cypherium.
CYPHERIUM BLOCKCHAIN
Day by Day, We see advancement in blockchain development, there has been massive adoption since 2009 and as the influx of users and investors increases.
Cypherium is an enterprise-level smart contract platform that features a unique dual-chain hybrid consensus mechanism. The Cypherium blockchain decouples the traditional mining process into a keychain with Proof-of-Work (PoW) and a transaction verification chain with HotStuff BFT (also adopted by Facebook’s Libra). This infrastructure allows the Cypherium blockchain to achieve a throughput speed of thousands of transactions per second, all without compromising decentralization. Our innovative Cypherium Virtual Machine (CVM) not only revolutionizes smart contract technology but also lowers the barriers to blockchain adoption by enterprises. CVM provides instant and absolute transaction finality and Turing complete smart contracts that run on Java, the most reliable and widely utilized programming language in the world.
The Cypherium team, hereby set forth five goals for their project:
· An instant ledger to process real-time transactions for billions of users.
· A smart contract platform to enable enterprise use cases for all industries.
· A trusted database to connect isolated data islands around the world.
· An open network to enfranchise any participant or contributor.
· A secure vault to combat the increasing threats to data privacy.
To achieve their goals, they have built Cypherium only on a foundation of the most cutting-edge and bulletproof technologies to date.
Services rendered by Cypherium
Cypherium currently offers three services.
— Blockchain solutions.
— Cloud consultant.
— Software licensing.
Teams and advisors
Cypherium Roadmap
Partnership
Cypherium have a long list of enterprise partnerships with global conglomerates and government agencies, including Google, Amazon, IBM, Randstad, and the Federal Reserve Board. Cypherium has also been working closely with IC3, a world-class blockchain technology research & academic consortium, to advance the integration of blockchain technology as a service.
Cypherium Public Sale Announcement
Cypherium announced their public token sale in August, just prior to the Q3 mainnet launch. The Cypherium Token (CPH) is a utility that operates the public Cypherium network. They for the first time make this token available for public purchase directly. The CPH tokens is available on Cypherium network shortly after the purchase, estimated in Q3 2020.
Following there partnerships with IBM, AWS, Google Cloud and other major tech companies, Cypherium served as a founding member of the OMFIF Digital Monetary Institute, where the team began working closely with a number of central banks to solve some of the pressing issues facing CBDCs. This has led to the development of the Cypherium Digital Currency Interoperability framework, as well as a number of upcoming collaborations with banks across Europe and Asia.
A major factor in determining the timing of the public sale and subsequent mainnet deployment has been the climate of the crypto market on the whole. And just as this has been an exciting year for Cypherium in particular, 2020 has been a favorable year for crypto generally. The pandemic has brought to light the urgent need for distributed technologies. From healthcare to supply chains, our legacy systems have demonstrated that they are incapable of securely supporting our modern way of life.
The crypto space poses a much-needed alternative to these systems, and in this moment a utility like the Cypherium network has never proven more useful! As custodians of there early investors’ capital and trust, they have been at work perfecting their technology, while the crypto space accumulated the attention and respect it truly deserves. They are elated to finally offer this product to the public.
Summary
In addressing the key shortcomings of existing public blockchain infrastructures and enabling interoperability in every corner of the ecosystem, Cypherium’s unique consensus mechanism provides unprecedented transaction throughput and contract execution time through PBFT, while leveraging an ASIC-resistant PoW system for decentralized node election.
Cypherium has set a standard for the blockchain industry to bring about a new era of mass blockchain adoption. By building a prosperous blockchain ecosystem that yields solutions for enterprises, Cypherium will be at the forefront of cutting edge blockchain use cases in solving real-world problems.
Cypherium Official Channels
• Homepage : https://cypherium.io/
• Medium : https://medium.com/@cypherium/
• Kakao : https://open.kakao.com/o/ghgVo4Ob
• Telegram : https://t.me/cypherium_supergroup
• Telegram Asia : https://t.me/cypherium_asia
• Twitter : https://twitter.com/CypheriumChain
• Reddit : https://www.reddit.com/r/Cypherium/
• Github : https://github.com/cypherium/CypherTestBin
• Contact : ecosystem@cypherium.io
