The project that impressed me most was Cybermiles (CMT), now we find out what Cybermiles (CMT) is and its development.
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What is Cybermiles?
Cybermiles (CMT) is a blockchain technology being developed and operated by 5xlab - a blockchain research and development institute. 5xlab cooperates with 5miles - a world-class expert group from My and China. 5miles was founded in 2014 and has raised about $ 62 million from well-known investment firms such as IDG, SIG, Blue Lake and Morningside.
5miles intends to be the first platform to use CryberMiles' blockchain protocol, while supporting 5xlab for more robust technology development. 5miles has been a leader in innovation in online markets and offline for 3 years, 5miles has enjoyed the technology and trade required to renew blockchain technology and smart contracts for practical applications.
5xlab will search for solutions to apply their expertise to developing CyberMiles with the trust and dedication of the development team. This will help CyberMiles become the leading blockchain technology for practical business activities.
Brief introduction about 5miles
5miles is a business standing in the top of e-commerce in the world, connecting consumers with consumers (c2c) in the US. Currently the company's top app is called 5miles application and there are up to 10 million registered users in the US, according to estimates exceeding US $ 3 billion in total transaction value in 2017.
Besides, 5miles app is also ranked in the top 10 best shopping apps in the US. On average, 5miles users spend 24 minutes a day for the application, which is an important factor that makes 5miles application one of the most attractive e-commerce applications in the US.
5miles is run by Dr. Lucas Lu, formerly a co-founder and chief technology officer (CTO) of Light In the Box, a company listed on the New York Stock Exchange (NYSE). . In addition, Lucas used to be the first executive director of Alibaba's Taobao mobile platform.
What difference does CyberMiles and Ethereum have?
CyberMiles (CMT) is developed specifically for trading and commercial applications. Commonly used platforms tend to be less effective for contracts that govern specific commercial transactions, because those platforms are not born to serve these purposes. In contrast, CM is currently being developed to build intelligent contracting modules to maximize the effectiveness of the information technology needed for timely transaction completion.
CyberMiles is the next generation blockchain for smart contracts. CyberMiles smart business contracts are designed to be more powerful than the smart contracts of Ethereum. It will become the next Ethereum generation (ETH).
Cybermiles is optimized for e-commerce applications. It will provide an immense library for smart business deals involving e-commerce. This has created a powerful CyberMiles capable of establishing decentralized commercial applications.
Like ETH of Ethereum, applications created from CyberMiles are able to use CMT to release their own ICO. The number of more than $ 1 trillion is the size of the market for e-commerce applications.
CyberMiles can support tens of thousands of transactions (TPS) per second through the most advanced stage of combining the most advanced ideas and the most advanced features of the Proof of Stake (PoS) engine has been Consensus. According to the charter signed on the contract, today Ethereum only supports 10 TPS.
Because CMT is optimized for e-commerce use, it is designed to simplify authorization payments like Ripple (XRP). XRP arranges transactions between major banks while the task of CMT is to arrange transactions between e-commerce and financial units where each unit is provided with the same capabilities and powers. any unit has the right to initiate a conversation.
Advantages of Cybermiles coin
1. Strong and reputable parent company
5miles includes team members with extensive experience from leading internet companies, e-commerce platforms, and financial services companies from 5 different countries. Over the past three years, the team has applied expertise to build a successful market, becoming one of the leading shopping apps in the United States, generating over $ 3 billion in transaction value. year.
2. Good technology development team
Compared to most development projects on the blockchain platform, 5xlab has a solid foundation, with 3 years of monitoring and 12 million users. Cybermiles was funded about US $ 62 million from leading investors and increased research into the blockchain platform in the past half year, the 5 million blocking initiative has disappeared from "0" to " first". With 5xlab and the development of CyberMiles, we can realize our potential and go from "1" to "100" in our ability to break real business practices with innovation.
3. Has high commercial application
With 5 million products, we have a clear and ready ecosystem for us to apply our smart contract module to real market needs. With over 10 million users and millions of commercial transactions, 5miles provides CyberMiles & smart contract modules with a mature ecosystem to quickly develop and expand market applications. In contrast, most other blockchain projects first develop technology, and then search for applications, which are ineffective and very uncertain.
4. Allow connecting other platforms to co-develop
To promote mainstream adoption, 5miles will set up a CyberMiles contract market, in which its CyberMiles application module can be licensed or developed with partner platforms and agencies. The smart contract module of 5miles will be demonstrated on the 5 million user ecosystem, but can still be applied to other platforms and will also work with relevant agencies to ensure openness. Wide solutions of 5miles
5. Good balance between efficiency and compatibility
Traditional blockchs emphasize hierarchy and interoperability, but often costly, those limitations are attractive and usable for end-to-end applications. Moreover, a complete decentralization chain can be broken if too many poor quality codes are accumulated. CM will focus on commercial applications, with protocols to ensure a balance between vertical efficiency and network compatibility, limiting the ability of low-quality DApp to appear on 5miles chains.
6. 5miles allows an ideal ecosystem for Blockchain development
Almost all transactions and interactions on 5 million users are point-to-point (between buyers and sellers) and most users of 5miles are active buyers and sellers. In addition, 5miles has market-based footprints, setting up very dynamic and very intimate user communities in each of its core markets. Point-to-point transactions in a community are ideal for decentralized blockchain solutions to provide greater transparency and market efficiency. Meanwhile, market traces that allow testing of A / B in the world can expand, giving CyberMiles a huge development advantage.
Where to buy Cybermiles?
You can buy CyberMiles (CMT) on some well-known exchanges such as Binance, Okex, DigiFinex, Huobi. Bithumb, Coobinhood and many more.
Long-term investment is very important for you later and can be profitable because CyberMiles continues to make the best efforts for its investors.
CyberMiles is already implementing their plans as their testnet, Travis, is already running. They also conducted a successful ICO and the CMT is currently more valuable than it was which is good news for anyone who purchased them. Greater things are still to come with CyberMiles.
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Author: M.Fajri.al.rasyid
