There are several problems that the existing e-commerce based platforms and the blockchain are still faced that reduces the capacity of the users to earn money and also because of these problems most of the people do not use the blockchain or e-commerce platform. The main reason for these problems is that the existing platforms are not developed or designed according to the objectives or purposes of the e-commerce based transaction. In order to solve these problems of the e-commerce business platform the “CyberMiles Foundation” develop its CyberMiles smart-contract that enhances the computing proficiency that was essential for performing and finalizing the transactions on a timely basis. These smart contracts of the Cybermiles help the e-commerce users by offering them an effective platform that resolves the e-commerce issues and makes the user capable and efficient that will increase their revenues.
What is CyberMiles?
The CyberMiles is an advanced blockchain technology that is stated as the (CM) this platform is constructed and design by the 5xlab. The platform of the CyberMiles is considered as a next generation blockchain platform for the smart contracts of the blockchain. In the Hong Kong country, the company of the CyberMiles is incorporated and is limited by the guarantee to operate its business. Cybermiles is a non-profit organization that operates its business, not for the purpose of earning profits instant of profit it operates its business for solving the issues of the e-commerce and blockchain users. The smart business contracts of the Cybermiles are planned in such a well-organized manner that it is more powerful and competent than the prevailing smart contracts of the Ethereum (ETH). The CyberMiles platform is the (ETH) of next generation that enhances the revenues of the e-commerce user and is more beneficial for the users than the prevailing platform. Cybermiles already has its own products that make it more attractive for the individuals. So, Cybermiles is an essential platform for the users as it offers the secure platform to the users.
CyberMiles Token (CMT)
The 5xlab developed the cryptocurrency for the CyberMiles blockchain. The CyberMiles Tokens (CMT) is referred to as the new cryptocurrency of the CyberMiles platform. The CMT is an extremely liquid currency and is compatible with several e-commerce trading applications that solve the cryptocurrency liquidity problem and improves the secure trading system. The CyberMiles platform utilizes its natural crypto token to facilitate the decentralized clearing of the transactions. An experienced and talented team that planned and implement the brilliant solutions to resolve the e-commerce related issues of the users are the main advantage of the CMT as compared to the existing typical cryptocurrency and it helps the users to enhance their revenues and sales. CyberMiles is adopted earlier and faster than the other platform because of the 5Simles support as it boosts the adoption of the CyberMiles with its users of 12 million together with its millions of the transactions every year with more than major 20 categories. As today up to 1 billion CMT are circulating in the market that shows its excessive adoption by the users. The value of 1 Ethereum is equal to the 7000 Cybermiles tokens.
CMT vs ETH
CyberMiles is the next generation of Ethereum. So, how does the CyberMiles native crypto-currency differ from the ETH?
Wallet of Cybermiles:
The “wallets” of the users on the Ethereum and the bitcoin blockchains are decentralized and are completely controlled through the help of private key used by the user. Through utilization of the Smart Business Contracts, the Cybermiles will extend the perception of the “wallets” by including a security deposit feature of not only the crypto tokens but they also arbitrary the personal information of the users. Like the cryptocurrency wallets, there are several existing “personal identity wallets” that are operated in the blockchain network. On the users demand the transaction that is signed by the private key of the users the wallet will authorize the 3rd party applications to use and access the data of the Cybermiles temporarily through using the OAUTH protocol. By this, the users will be able to use the different wallets of the blockchain technology for the different purposes this is how cryptocurrency token wallets are utilized today.
The online wallet for the personal information will work as followed: This online wallet will store the personal banking information of the users. Later the user will authorize the financial applications on the CyberMiles platform in order to use it. They follow the following steps
⦁ The users of the blockchain select the “wallet” application that they trust.
⦁ The users register their personal information and the banking information with the wallet.
⦁ The wallet does the KYC / AML authentications for the fulfilling the government obligation in order to check and ensure the anti-money laundry.
⦁ The wallet creates a private/public key pair and after that broadcasts this public key to the blockchain for the record.
⦁ The wallet test and sanctions the link of the banks.
By following all these steps, the CyberMiles platform offers the users the secure mean that protect their transaction and enhance their business performance.
Cybermiles benefits:
The CM by utilizing its innovative features and through utilization of the blockchain technology resolve the existing issues of the blockchain platform and modernize the e-commerce businesses and the online marketplaces. Through these features the CM will assist the e-commerce service providers and the traders by improving their business promotion and well-organized applications etc. that raise their revenues and the sales capacity. The Cybermiles certifies an e-commerce users that the blockchain will never go offline because of CyberMiles proficient applications that will reduce their cost and maximize their revenues.
TRAVIS
The cybermiles TestNet first release id code named “Travis”. This Travis TestNet comes as a strong alternative to Ethereum, especially for e-commerce use cases. Cybermiles Travis TestNet has been tested to be at least 100 times better than Ethereum and yet it is fully compatible with Ethereum and can run all Ethereum smart contracts and Decentralized Applications (DApps). This is because the CyberMiles blockchain uses a different consensus mechanism than Ethereum. The CyberMiles blockchain has developed a means of curbing common smart contract bugs which had brought loss of funds in Ethereum; and if such loss eventually occurs, cybermiles is charged with the task of transparently recover the fund using community consensus. This makes Cybermiles Travis TestNet safer than Ethereum. Cybermiles blockchain does not charge fees for some common operation and it is cheaper to use that Ethereum.
The cybermiles TestNet is actually a move in the right direction and it is the next Big thing that will happen to the cryptocurrency market because it is convenient, secured and fast. Cybermiles; is the smart way to go!
Cybermiles blockchain seven validator nodes which are selected by the community through the staking process and the numbers will grow as the community grows. Cybermiles blockchain adopts DPoS which is a representative democracy with property suffrage. The stakeholders of the cybermiles blockchain network are responsible for voting for the validity of the transactions this is because it is believed that people who are large stakeholder in the network benefit more from maintaining the network integrity than attacking it.
The Blockchain explorer for Cosmos
https://github.com/CyberMiles/explorer
The Explorer is an EtherScan-like tool for the Cosmos ecosystem, with support for new transaction types related to Bonded BFT (aka Cosmos PoS) operations. Over time, it will become a crucial tool for the CyberMiles blockchain as well. You can see some examples of the tool in action on the live Cosmos test network, including:
⦁ Balances and coin transaction history for an account (example)
⦁ Transactions and validators in a block (example)
⦁ Raw request for each transaction such as coin, stake/declareCandidacy, stake/delegate, stake/unbond
⦁ Recent blocks and transactions (example)
LINKS
Website http://www.cybermiles.io/
Whitepaper http://www.cybermiles.io/vision/
Twitter https://twitter.com/cybermiles
Facebook https://www.facebook.com/CyberMiles
Reddit https://www.reddit.com/r/CyberMiles/
Telegram https://t.me/KrypitalBounty
Bitcointalk Link https://bitcointalk.org/index.php?topic=3179247
My BTT https://bitcointalk.org/index.php?action=profile;u=1400549