Blockchain technology has received much attention in the recent past. Along with time, new blockchains are being introduced to deliver a unique experience to people. CyberMiles can be considered as a perfect example to prove the above mentioned fact.
What exactly is CyberMiles Token?
CyberMiles Token can simply be defined as the next generation Blockchain. It can be used for smart contracts in an effective manner. People who create smart business contracts with other available blockchains such as Ethereum can think about using CyberMiles Token to give life to powerful contracts. One of the most unique features of CyberMiles Token is that it has been optimized for ecommerce applications. In other words, you will be able to find a massive library, which contains smart business contracts related to ecommerce. Hence, it can be used to construct decentralized ecommerce applications with minimum hassle.
CyberMiles Tokens are in a position to offer support for thousands of transactions per second. This is done with the assistance of a unique Proof of Stake consensus engine. But if you compare Ethereum, you will only be able to see support extended for 10 transactions per second. This makes CyberMiles Token an excellent alternative for Ethereum. Another unique feature that can be found in CyberMiles Token is that it has the ability to encourage effective participation. When the network is developing on a daily basis, new tokens will be minted. Since all the CyberMiles Token holders are needed for DPoS consensus, they are provided with the chance to get new tokens.
As mentioned earlier, CyberMiles Token has specifically been designed for ecommerce applications. Due to this reason, it can handle decentralized settlements such as Ripple as well. Ripple has the ability to settle transactions that take place in between big banks. In the meantime, CMT would settle all the transactions that take place in between peer to peer finance entities and ecommerce entities.
What are the uses associated with CyberMiles Token?
CyberMiles Token has specifically been optimized for ecommerce applications. Due to this reason, all the uses of the Blockchain are centered on ecommerce applications. CyberMiles Token can effectively be used as a utility token, which goes way beyond the traditional utility tokens. Hence, you will be able to compare it with some of the most popular tokens available out there in the world as well.
Best entity that you can compare CyberMiles Token with is Ethereum. The functionality offered by CyberMiles Token is pretty much similar to Ethereum. However, you will be able to receive few additional benefits as well. Just like Ethereum, CyberMiles Token would also reward validators for executing smart contracts and creating new blocks. On the other hand, CyberMiles Token would use decentralized transaction settlements in a similar way to the Ripple Network.
Apart from network operations mentioned above, CyberMiles Token can also be used in other applications, which range ahead of the network level. For example, CyberMiles Token can be used to offer tokens on its own. With this approach, it is possible to take the maximum benefits that are linked with the CMT features. Liquidity and rich smart business contracts are perfect examples to prove the above mentioned fact. CyberMiles Token can also be used as the base currency of the available ecommerce applications such as CyberMiles network.
Final Words
Due to all the benefits, the popularity of CyberMiles Token Blockchain is increasing on a daily basis. Hence, it would become the first cryptocurrency of the world to be used by more than 12 million individuals in United States. With this trend, we can also expect that CyberMiles Token would be much larger than Ethereum in the near future.
To summarize, CyberMiles Token can be concluded as a utility token, which can be used within the entire CyberMiles Blockchain ecosystem. The primary functionality of CyberMiles Token is to let the users consume services offered by the network. Decentralized settlements, smart business contracts and secure ledger are some of the services that can be obtained. Based on these services, it is possible to develop applications, which rotate around the high level user stores of CyberMiles Token. Hence, it can be defined as a next generation Blockchain.
Offcial Website: https://cm.5miles.com/
Project White Paper: https://cm.5miles.com/file/project/Project%20white%20paper_en-US.pdf
Bitcointalk : https://bitcointalk.org/index.php?topic=2344875.msg23939527#msg23939527
Written by: Crypto Buddy