CyberMiles: The Revolution in the Decentralized Online Marketplaces.
About CyberMiles
CyberMiles is a new decentralized blockchain protocol optimized for enterprise transactions. Initiated in the fall of 2017 via 5xlab, a blockchain development laboratory, CyberMiles makes use of revolutionary “smart enterprise contract” modules to facilitate and system transactions simply, effectively, and with transparency. This science focuses on commercial functions with protocols that make certain the fabulous balance between vertical effectiveness and network compatibility. Learn extra at https://www.cybermiles.io/
About 5miles
5miles is a free, nearby marketplace app, one of the fastest-growing on-line shopping ventures in the United States. The app is the first of its type to include services, housing and jobs, in addition to second-hand trading. 5miles launched in January 2015, without delay setting itself apart with an easy-to-use cell interface, identification verification competencies (for brought protection and security), cellular charge and transport options, and a hyper-local curation of offerings users can search — all inside their very personal neighborhoods. Since then, buyers and dealers in each principal market coast-to-coast have transacted extra than $5 billion in merchandise via 5miles, which Google Play has ranked a top 10 purchasing app. Visit https://www.5miles.com/
What is CyberMiles? A Brief overview and historical background.
CyberMiles is developed with the aid of CyberMiles Foundation. CyberMiles is a next generation blockchain designed and optimised for e-commerce and for mainstream adoption. By targeting on e-commerce and on line marketplaces, CyberMiles with collaboration of 5miles Holdings Limited will combine the latest blockchain improvements to strength Smart Business Contract on a enormously superb chain to solve the delaying troubles related to existing blockchains. The utility token which is CyberMiles Token (CMT), is the grasp token to fund and empower the new e-commerce functions and projects, just like how ETHEREUM is used for the contemporary era of ICOs and it is resulted in that Ethereum has grew to become into a highly demanded and most favored Alcoin in very short time. Throughout the network development, CyberMiles Foundation will be supporting the governance of the decentralized platform, with the strong involvement via participants of the ecosystem. CyberMiles mission for the upcoming time is a public community that presents impervious and reliable enterprise offerings for its members, by means of its members. CyberMiles blockchain protocol will consist of blockchain based digital computer and described modules of middleware software program stacks, which function outdoor the chain to aid decentralized procedures governed with the aid of smart contracts applied on the network.
What is 5miles ? A brief overview and historical background.
5miles is a leader in customer to purchaser e-commerce in the US. 5miles used to be fashioned in 2014 with the aid of the dream team from China and the US. Since its inception, 5miles has raised about USD 62 million from top-tier investment firms such as SIG, IDG, Blue Lake and Morningside. Since the launch of 5miles app in 2015, 5miles has secured its place in Top 10 purchasing app, with more than 12 million users and USD three billion in annual transaction value. 5miles app, has greater than 10 million registered American customers and is anticipated to surpass $3 billion in whole transaction price via the give up of 2017. On average, 5miles users spend 24 minutes per day on the app, making it one of the most engaging e-commerce purposes in the US. 5miles has been actively concerned in the research and improvement of blockchain technologies. 5miles believes that blockchain applied sciences ought to provide easy options to frequent troubles in a purchaser to customer e-commerce network and can permit consumer to patron retailers and buyers to attain agreements, and therefore limit the cost associated with client guide and dispute resolutions. The blockchain network’s digital token may want to grant very environment friendly in-network settlement currency and appreciably decrease transaction costs. The blockchain network’s decentralized computing infrastructure ought to ensure that the market will never go offline, and appreciably minimize sure operator’s IT expenses. Below is SimilarWeb’s August 2017 rankings for top shopping applications by using usage:
Core features of CyberMiles that make it’s unique
HIGH PERFORMANCE
It is completely well matched with Ethereum and can run all Ethereum smart contracts and Dapps. Yet it is a hundred times faster than Ethereum in phrases of transaction per second (TPS).
MORE SECURE
It is safer than Ethereum. The CyberMiles blockchain proactively stops common clever contract bugs that had precipitated loss of fund on Ethereum. And if a loss of fund still occurs, CyberMiles helps an on-chain governance procedure to transparently recover the fund via community consensus.
LOW OR NO COST
It is more effortless and cheaper to use than Ethereum. The CyberMiles blockchain waives transaction prices for most frequent operations. It achieves this except sacrificing protection of the network.
To operate this, CyberMiles difficulty CyberMiles Token (CMT). CMT is a utility token that pays for participants’ offerings to the CyberMiles network. We can name CyberMiles Token (CMT) as the Blockchain 3.0, as we understand Ethereum is blockchain 2.0, so how CyberMiles is higher than Ethereum? We can see at the evaluation chart below:
CyberMiles applications.
The CyberMiles blockchain protocol has a built-in mechanism thru its tokens to assist non-cooperative community members attain the Nash Equilibrium consensus. 5miles’ app is predicted to be one of the first business functions to utilize the CyberMiles blockchain network.
Below is some particular scenarios and facets that would be enabled by using the proposed decentralized CyberMiles blockchain solution, and distinction them with a regular centralized patron to consumer e-commerce marketplace.
- Community-based battle resolution.
- User-generated & user-curated “5miles Groups”.
- Local Promotions and Brand Ambassadors.
- Marketplace “leads” bidding.
- Shared advertising and marketing resources.
- Democratic neighborhood management.
CyberMiles is the venture of quite sophistication and Unique and ought to deliver a comfort in the life of people powered with the progressive blockchain technology. For more statistics about the undertaking and technical aspects, Please go to the CyberMiles Official Project Whitepaper and Technical Whitepaper below.
Information about CyberMiles:
Website: http://www.cybermiles.io/
Facebook: https://www.facebook.com/cybermiles/
Twitter: https://twitter.com/cybermiles
Reddit: https://www.reddit.com/r/CyberMiles/
Whitepaper; https://cm.5miles.com/file/technical/Technical%20Whitepaper_en-US.pdf
Profile link; https://bitcointalk.org/index.php?action=profile;u=2540766