Hello readers, in this article today I am glad to announce to you another great milestone in the advancement of the blockchain technology. Talking about the Data migration of 5Miles e- Commerce Application into Cybermiles block chain. 5 miles is becoming the first e- commerce DApp on cybermiles blockchain protocol with great features that will greatly promote e- commerce around the globe.
ABOUT 5 MILES
As you may know, 5miles has been in existence since 2014 and actively operating before 2017, 5 miles was created in order to transform the existing market place and add value to e- commerce sector giving buyers and sellers opportunity to enjoy stress free customer - customer transactions. To achieve this aim. 5 Miles has been actively in research, development and advancement of the blockchain technology and the use of cryptocurrency and how the unique features of the blockchain technology which include transparency, Decentralization, immutability, trust and security could be used in providing solutions to challenges facing the e- commerce sector globally.
However, 5 miles has been recognized as renowned customer to customer e- commerce industry in the united state s of America with over 10 million Americans making use of 5 Miles sophisticated but user friendly App. Interestingly, the 5miles mobile Application is rated by users as being among the first 10 shopping Application used in the United States of America and its been recorded according to statistics that everyday 5 miles users spend upto 24 minutes on the 5Miles Application which is why it is regarded as one among the first 10 most used e- commerce Application in the United states. With over 3billion USD value raised in transaction annually, 5 miles is definitely moving to the top 5 best e – commerce App in the nearest future.
ABOUT CYBERMILES BLOCKCHAIN AND ITS OUTSTANDING FEATURES.
5 miles planned to be the first ecosystem to leverage on the features of the blockchain technology to provide users a great experience using cryptocurrency. With this in mind, Cybermiles foundation had created a token known as CMT (Cyber miles Token that runs the ecosystem. CMT was initially built on the Ethereum blockchain , but after much research , the team discovered that none of the existing blockchains could provide the right capacity that will be able to handle the huge transactions that takes place on 5miles market place. This is because they were not created with features that can handle that, and the present implementation of smart contracts are too achaic to handle so huge e- commerce transactions.
Hence they build their unique next generation blockchain protocol Cyber mile blockchain , with outstanding features and a high capacity and a smart business contract that will enable a decentralized e-commerce transactions. Also, the new Cyber miles blockchain is designed to effectively, safely, securely manage identity of users and all related transaction Data. I won’t also forget to mention that the Cyber mile blockchain protocol is so innovatively designed to make use of a delegated proof of stake ( PoS) concensus which effectively supports over 40 thousand transactions in a second and other innovative features .
THE MIGRATION OF 5 MILES DATA TO CYBERMILES BLOCKCHAIN
According to the 5 Miles roadmap, it’s time to migrate from Etherum blockchain to Cybermiles blockchain protocol with all 5 Miles Data . The ERC20 Cybermiles token will be exchanged with CMT that is issued by Cybermiles blockchain. This Migration will be in a 1; 1 ratio, meaning that for every 1 Erc20 CMT a user will receive 1 Cybermiles CMT. With this Migration, CMT will serve different purposes on the ecosystem such as : serving as incentives to community members and encouraging them to provide value added services including peer to peer customer support services. It will serve as rewards to community members who contribute computing power and help in maintaining the integrity of Cybermiles network. CMT will also be used in carry out transactions between buyers and sellers on the platform. And a lot of other functions of CMT.
CONCLUSION
The migration of 5Miles Data into Cybermiles innovative blockchain protocol is worth celebrating. This is because the new development will not only enhance effective and efficient e- commerce market place transactions, but will encourage more individuals and organizations to adopt the blockchain technology. The use of CMT in buying and selling will also is encouraging the acceptance of cryptocurrency in real life, which has been the dream of every cypto enthusiasts.
I therefore invite every crypto lover and the general public to join in this celebration of a new era of e-commerce friendly blockchain Cybermiles.
For more information and updates regarding 5 miles, cybermiles and 5 miles Datav migration please visit the links below:
Website: http://www.cybermiles.io/
Whitepaper: https://cybermiles.io/en-us/cmt/whitepaper/
Ann thread: https://bitcointalk.org/index.php?topic=2344875
Telegram: https://t.me/cybermilestoken
Authour’s btt profile : https://bitcointalk.org/index.php?action=profile;u=1760015;sa=summarya8
Autour’s name : nesbee2
some of the content ( picture ) in this article is from cybermiles website .
