What is Cypherium (CPH) | What is CPH token
WHAT IS CYPHERIUM
By providing a truly decentralized and scalable framework, combined with an accessible and intuitive user interface, Cypherium lays a comprehensive foundation for developers to create groundbreaking apps capable of transforming the future of business, law, and enterprise solutions.
Using a hybrid consensus mechanism that utilizes both Proof-of-Work and HotStuff, our blockchain is designed to achieve commercialization viability by maximizing both decentralization and scalability without sacrificing one for the other. Unlike many second- and third-generation blockchains that abandon Satoshi Nakamoto’s original permissionless, trustless consensus mechanism, Cypherium is built on the valuable innovations of previous blockchains.
An instant ledger to process real-time transactions for billions of users
A smart contract platform to enable enterprise use cases for all industries
A trusted database to connect CBDCs, digital assets, and dApps around the world
An open network to enfranchise any participant or contributor
A secure vault to combat the increasing threats to data privac
CBDC Update: The New Trillion-Dollar Opportunity
Approximately $37 trillion USD in circulation around the world. In the next few years, we believe that all paper fiat currencies will be digitized. Cypherium is integrating its solutions to the newly realized CBDC financial system and will capitalize in this multi-trillion dollar market opportunity.
TOOLS
- CypherLink: Notary scheme cross ledger framework
- Cypherium Connect: Third party plugin module for banking systems
- Cypherium Validator: Verification machine
- Cypherium ID: Decentralized ID authentication system
FEATURES
- 24/7/365 available, real-time intermediary to replace the inefficient legacy inter-bank communication systems and to connect digital assets all around the world
- ISO 20022 compliant and can seamlessly be embedded with the the current financial system Third party plugin module for banking systems
How It Works
THE PROCESS
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.
Cypherium’s technology separates these two processes into two distinct blockchains in order to improve the efficiency of both. An election chain chooses Proof-of-Work leaders to write new blocks, while a transaction chain uses HotStuff consensus to verify the transaction data within those blocks. Building off Bitcoin-NG and ByzCoin protocols, the Cypherium blockchain is optimized for both on-chain scalability & permissionless mineability through this hybrid approach to consensus.
VOTING COMMITTEE
Cypherium achieves unprecedented scalability by electing the voting committee to separate PoW from the transaction verification process, with bandwidth limited only by the capacity of the individual nodes and latency limited only by the propagation time of the network.
** BENEFITS THAT YOU GET**
REDUCED SECURITY THREATS
With sophisticated technology in place, the likelihood of Sybil and 51% attacks becomes nearly impossible.
FASTER TRANSACTION
By utilizing dual-action blockchains, users no longer need to wait on transaction confirmation.
NO MINIMUM CHARGES FOR SMART CONTRACT
Having eliminated price minimums, businesses of all sizes can benefit from using the platform.
NO FIXED BLOCK SIZE
Faster, more adaptable processing allows the technology to scale.
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