CyberMiles is a blockchain network provider that is working for empowering the decentralization of online marketplaces. They have launched many technological advancements to make the service much more active. Ensuring high performance with full Compatability with Ethereum and all the other smart contracts and DApps.
The TestNet Travis is a part of their advancement that has been which already has seen validator nodes around the world. By using TestNet, the network will become more secure from scams, spam, false advertising and also from conflicts of interest. CyberMiles is working hard for their own betterment and providing better services as well.
Smart Contract
CyberMiles works as a first-generation technology that is highly appreciated for the scalability or for the performance reasons. The Ethereum and DApp sometimes feel difficult to use. Therefore, they are making software to stake more developer-friendly and enterprise ready.
Smart Contract may need a way out from external events and it will need “Oracle” for standardized change without having any Smart Contract’s knowledge. The Smart Contract also gets connected with the DApp middleware and creates difficulty in programming complex rules.
Such problems can be sorted out by implementing simple business transaction rules. DApp may encapsulate and reuse by making some architectural decisions and write-off applications. DApp can run as the centralized manner by the corporation as it has authorization for integrated blockchain cryptocurrency contributing significant computing
resources.
Proposed Solution
To improve all the shortcomings of Ethereum, the blockchain needs to become a “virtual machine” for suitable business developers creating distributed applications and to make the protocol to support the “Smart Business Contract”. Such protocol will define the middleware of the software stack and the nodes will run the blockchain ledger and the software will be encapsulated and reused as best practice in enterprise software.
Smart Business Contract
The Ethereum blockchain is the Smart Business Contract on the CyberMiles blockchain exected by the blockchain nodes. The smart Business contract can be easy to develop and also reusable in itself. The Smart Business Contract is also the part of blockchain and requires efforts to run the entire stack of external enterprise middleware by using the CyberMiles system's cryptocurrency and for the CMT as well.
Testnet Launch
Dr. Michael Yuan, on his blog said exactly what we're going to see when the CyberMiles TestNet Travis goes live. "After the Travis TestNet goes online, we will be working on some very interesting features to enhance the CyberMiles blockchain beyond what Ethereum can do.
For starters, we are building a highly optimized and enterprise-ready virtual machine to support many business contracts out of the box at a very high performance. CyberMiles is more secure than Ethereum, able to stop common smart contract bugs and also support on-chain governance process which sounds like it is truly a great project.
Test net that allows its programmers to test the features of the software without having to fear losing coin when trying out the functionality of the program. This mechanism also creates a network of network nodes, miners, users, and even a new blockchain for testing purposes, and you can also use the test net to experiment with the coin
Middleware Stack
The Smart Business Contract has the authority to access the business software framework of the blockchain. It enables the nodes for running blockchain and the framework will also run for the Smart Business Contract for executing the miner's validation results. CyberMiles framework for middleware system includes:
Rules engine to compare with the general purpose of a programming language with dedicated rules.
Business process manager that mimics the execution state of a multi-step contract driven by external actions by contracting parties.
Distributed database to support the complex application framework and the store application data.
Distributed file and data storage service for Smart Business Contract that will require file service manager for decision making
Distributed webhook service that will interact with the external entities for receiving external events related to Smart Business Contracts.
CyberMiles is potential for being the first blockchain for not only the real-world business application but also for the mainstream adoption. They are working hard to make sure all the protocols and software work properly without making any hassle so that people appreciate the service and the organization will become one of the largest blockchain networks in existence.
Website : http://www.cybermiles.io/
Whitepaper : http://www.cybermiles.io//wp-content/uploads/2018/03/Project-white-paper_en-US.pdf
Bitcointalk Link : https://bitcointalk.org/index.php?action=profile;u=1151218