Cypherium - Enterprise-Ready Blockchain
Cypherium
Enterprise-Ready Blockchain
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Hunter's comment
Cypherium is a highly scalable and robust smart contract platform. Our hybrid design features a joint Proof-of-Work (PoW) and Practical Byzantine Fault Tolerance (PBFT) consensus mechanism that can achieve thousands of transactions per second without sacrificing decentralization.
This is most reliable programming language and implementation for smart contractors with Turing-complete virtual machine. The whole platform is created by the team members from Google, Amazon & Microsoft. Actually this made for scalability of business for market-ready solution. Hybrid consensus mechanism makes Cypherium highly scalable & permissionless for proof-of-work and Byzantine fault tolerance.
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It's great to know that big players like Google, Amazon & Microsoft are part of the team of this platform. Also, the issues it solves make it a great product. Good work.
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scalability is one of the problems among Blockchain projects. So many Blockchain developers try to solve this problem. I guess this project first focus to solve this situation and i think it is quite significiant feature for it. If they will be succeed, So they could be among the important projects in the future.
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No doubt block chain is a revolutionary technology, It could be used in a larger business as well as in a small business like a general store, It provide secure and easy way to transfer money and buy goods, the tax amount on transfer is far less than the banks.
That sounds so promising with the giant company names. However, I still do not understand what makes this so special to be dubbed for enterprise level. I visited the website and all it highlights is having a scalable and decentralized platform which I believe other platforms already have.
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Very often it has been observed that if you go by proof of stake or delegated proof of stake, it may lead to centralization of blockchain to some extent, but these are scalable. On the other hand, if you go by proof of work method of consensus then you may find it be in tune to the decentralization spirit of blockchain technology, but not scalable. So there should be a balance between both decentralization and scalability. While scalability is key for enterprise level implementation, decentralization is equally important as that is the essence of blockchain technology.
With that being said Cyphreium has done some incredible job by keeping balance between both decentralization & scalability and in that sense it has gone with a hybrid consensus mechanism which is PoW+PBFT, which ensures the spirit of decentralization and at the same time it is scalable, so it will open the door for enterprise level implementation and will help to make mass adoption of blockchain technology and will make it more mainstream.
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Sorry, I do not think I understand a single line of the hunter's comment. This is not about you, it is about me. I am a total noob when it comes to the blockchain tech and all its big terms. However, I understand that this is a scalable blockchain project just as every project claim to be scalable until it is time to prove it.
I am with you. Its just buzzwords.
After watching this project i can say blockchain involvement in every project making great effects on related platforms. This offers reliable programming language created by the very talented members from google. Microsoft and many others.
WoW it looks cool new blockchain platform that focuses on improving blockchain scalability & solves govt. problems with decentralized networks on top of that it is based on the innovative Bitcoin-NG document which means that it retains the decentralized nature less permission of bitcoin & also it boosts the trx speed much higher & can process upto 7k trx per second means with Cypherium we can process our trx right away and without waiting for a blocktime that's great. Awesome Search
This blockchain could empower companies to take their enterprise solutions to the next level. Great founders around this platform!