Decentralized smart contract platform for creating and connecting DApps, CBDC (Central Bank Digital Currency)

cold80 (37)in #dcif • 3 years ago

Introduction

Cypherium is a decentralized smart contract platform for creating and connecting DApps, CBDCs (Central Bank Digital Currencies), Enterprise Applications and Digital Assets. We are one of the first blockchain companies with real, tangible blockchain applications in partnership with industry-leading enterprises and Government institutions.

How does Cypherium Works?

Mining in traditional Proof-Of-Work protocols like Bitcoin takes on two related yet distinct functions.

First, mining involves electing a leader who is responsible for generating the newest block.
The second function consists of verifying the transaction data that exists within the block body.

However, there is nothing inherently beneficial about using a single process to complete both of these actions.

The key feature of Cypherium

Hybrid consensus separates consensus from the transaction verification process. This means that bandwidth is limited only by the capacity of the individual nodes and latency only by the propagation time of the network. There is no waiting for transaction verification. This reduces the overhead of the network request, making transaction speeds orders of magnitude faster.
A Turing-complete scripting system supports more advanced and ﬂexible transactions, also known as smart contracts, which run inside a secure runtime environment called the Cypherium Virtual Machine (CVM) an isolated and secure environment in which to execute smart contracts written into the Cypherium blockchain. The Cypherium Virtual Machine (CVM) is based on the register-based Dalvik VM architecture, a lightweight Java Virtual Machine originally adopted by Google’s Android operating system. As a result, Cypherium is able to execute smart contracts on mobile devices.
Built-in governance mechanisms that reduce the need for hard forks, reducing the need for costly upgrades to ensure compatibility and consistency
Decentralized federated design, maintaining the integrity of the blockchain architecture
Duo sandbox custom made for the smart contract; one for testing and one for deployment to ensure security

What is Cypherium Token (CPH)?

The token Represented on the Cypherium chain network is denoted as CPH, This CPH token is a native and utility token created to execute or implement transactions especially smart contracts. it is mostly utilized for developing community based applications and functionalities. With the use of the token, which serves as a conciliator for trading, this will result in liquidity generation, which helps stabilize the ecosystem.

Road Map