Cybermiles being a next generation blockchain project mainly for online trading; it came to improving e-commerce service. It’s not new to us that there are some important issues with existing blockchain project, some of these issues are itemized:
• Advancement in this block chain ecosystem is kind of challenging due to inefficiency.
• Scalability and Inefficiency, it’ll require quite a whole lot of funds to process some multifaceted algorithms in a new decentralized world like that of block chain.
Due to these effects, such issues would require ample time making it so complex to explain how blockchain network works to newbie. So, Cybermiles is on a fast pace to solving these issues hindering its progress, reducing user’s efficiency and bringing blockchain technology closer to users than ever before.
In other to achieve this feat, Cybermiles has plans to initiate a robust blockchain protocol named Cybermiles protocol; it’s well optimized for transaction purposes such that’s called Brilliant Contract. Basically, it is presenting a well effective middleware common to developers, accessible to virtual machine on blockchain network.
Major objective of Cybermiles is to recycle accessible technologies to create a well-organized software library features and standardize how they’re been used. Similar to synergy that exist between Fedora/Redhat and Linux operating system, and other case study are LAMP, Ruby on Rails, Java 2, etc.
To awards journalist, bloggers, writers with CMT tokens for publishing quality content about e-commerce, 5 miles data migration onto Cybermiles blockchain. This method of reward is among one of most promising best practices in digital business. So, Cybermiles will be making use of main growth strategy with view of integrating it to block chain ecosystem too.
The new Cybermiles block chain will leverage on Cosmos ecosystem which is of modular project with inspiring result. Due to its primary Cosmos DPoS framework, Cybermiles blockchain would possess have a block generation time of 10 seconds below, and transactions completed within a block swiftly.
All existing ICO's that has been launched till date, Cybermiles block chain could afford their functionalities. For instance, some make use of cases like Identity Access Management (IAM), settlement clearing, voting, credit management etc.
Cybermiles is making use of an existing application available in both android and apple app markets. Most ICOs project only posses’ whitepaper to kick off their project, that’s not for a project like Cybermiles because it has tested products and existing markets, this make its platform so interesting.
5miles will combine its token and moved them into an existing 5miles platform effortlessly, such that users of its platform will purchase goods with them without getting aware that they’re making use of CyberMiles token (CMT). This will make sure user’s uptake occurs for all major complex tasks that have associated through crypto currency project.
CyberMiles Token (CMT) will serve as means of transactions settlement; incentivize network validators like writers, content authors, video editors for actively engaging on its platform and churning out good contents while also rewarding community users by providing services for each other.
CMT holders will be incentivize with CMT as a means of rewarding their efforts towards growth of the platform as a holder, the token is a Proof-of-Stake consensus built to supporting 10,000 transactions per second (“TPS”), therefore resolving latency problems of block chain.
1 ETH equals 7,000 CMT.
At present 1 ETH is close to 300 USD
1 CMT= 0.04 US cents per token.
The aim is to distribute 1,000,000,000 tokens during token exhibition. In the same vein, 9,000,000,000 would get created with proof of stake process of transaction, but new coins will be churn out which will occur with time.
Taking some careful look through Cybermiles project you’ll see it’s blessed with great teams and several innovations, you can see they’ve got all required experience in their endeavors. They’re all champions in their chosen profession.
As incentive oriented project, this is a project to look out for if you’d wanting to have a full reward for your consistency, in it, users that are content creator, video editor will have a free walk with a means of earning great CMT tokens for engaging with users. Cybermiles have got a great team too with lots of innovative ideas that’ll be immensely contributes to growth of its platform. They’re also trying to solving a huge block chain problem continuously; it’ll serve as a platform that has an already functioning product such that has full support from users market.
Author's Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1231391
Username: Miracle24
