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March 29, 2018, 02:34:34 PM |
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We know #CyberMiles is supported by 5miles.
5miles is a leader in consumer-to-consumer (“c2c”) e-commerce in the United States. Its flagship application, the 5miles app, has over 10 million registered American users, and is estimated to surpass $3 billion in total transaction value in 20171. The 5miles app is rated a top 10 shopping application in the United States. On average, 5miles users spend 24 minutes per day on the app, making it easily one of the most engaging e-commerce apps in the US.
And we know 4 words about CyberMiles: Smart, Fast, Safe, Free
*Smart = Smart Business Contract *
A Smart Business Contract on the CyberMiles blockchain is analogous to the Smart Contract on the Ethereum blockchain. It is executed by the blockchain node, and validated by the miner when a new block is created. The results from the Smart Business Contract is saved in the new block.
However, the main difference between CyberMiles Smart Business Contract and Ethereum Smart Contract is that, instead of writing every application from scratch, a Smart Business Contract would have access to an integrated stack of powerful business software middleware. Therefore, a Smart Business Contract can be easy to develop and highly reusable in itself.
Fast = 10 000 tps = 100 times faster than ETH
It is fully compatible with Ethereum and can run all Ethereum smart contracts and Dapps. Yet it is 100 times faster than Ethereum in terms of transaction per second (TPS).
Safe = DPOS
CyberMiles has tentatively concluded that we will build the first iteration of the CyberMiles blockchain on the Tendermint / Cosmos platform.
It is safer than Ethereum. The CyberMiles blockchain proactively stops common smart contract bugs that had caused loss of fund on Ethereum. And if a loss of fund still occurs, CyberMiles supports an on-chain governance process to transparently recover the fund through community consensus.
Free = LOW or NO cost
It is more user-friendly and cheaper to use than Ethereum. The CyberMiles blockchain waives transaction fees for most common operations. It achieves this without sacrificing security of the network
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