CyberMiles is one of the contemporary applied sciences in the blockchain industry

What is CyberMiles?

The developments that appear in technology are so great that builders work day and night in an innovation effort and maintain the latest trends. CyberMiles is one of the contemporary applied sciences in the blockchain industry that has been built to revolutionize operations in digital commerce and online markets. This protocol aims to create a shared platform where customers can buy and promote merchandise and offers that have the same confidence as if they shop from other online platforms such as Walmart or Amazon. Imagine a platform where men and women can interact, promote products, buy merchandise, and manage platforms democratically.

The CyberMiles project the goal of decentralizing the e-commerce ecosystem, providing blockchain options for e-commerce titans, such as Amazon. This machine gets an incentive from CMT (CyberMiles Tokens) that are actively traded. In the end, CyberMiles hopes to join its profitable sister company, 5miles, with a blockchain platform that presents help for additional decentralized applications for a sustainable, self-sustaining network market.

"By focusing on e-commerce and the online marketplace, CyberMiles will integrate the current increase in blockchain into smart electric commercial company contracts" on high-quality chains, and uncover latency issues related to existing blockchain, general use. , "Write the builders. "The utility token, CyberMiles Token, is planned to be a 'master token' to fund and empower new e-commerce applications and projects, similar to how ETH is used for the sophisticated ICO era."

What's the Problem with Traditional E-Commerce?

The traditional e-commerce structure is very centralized and depends on the winner-take-all strategy, according to the CyberMiles development team. Winner-take-all strategies tend to accumulate the largest network, which allows them in addition to consolidating their energy by using expenditure and functioning as a closing intermediary for transaction validation.

"The CyberMiles blockchain is pursuing to be a public blockchain for all e-commerce related transactions," the builders noted. "Based on smart commercial company contract technology, CyberMiles are specifically optimized for e-commerce. This has the benefit of a large network, but is managed and validated through a community of non-believers. "

How Can Developers Use the Blockchain CyberMiles?

Developers can advance their own cash to integrate with the CyberMiles network, mainly based on CMT tokens. Cross coin features, like loyalty points, can be seamlessly integrated.

CyberMiles proposes a lot of casings that can be used.

Using CMT, digital coupons may be issued to customers within a fixed geographical radius. Disputes between the dealer and the buyer must be submitted to the pool arbitration provider. Special agents must be made with dapp devices to meet one that is suitable - for example, traditional cars.

CyberMiles can also manage to exchange advertising and marketing strategies in the future.

"As a social community-based environmental trade trade, 5miles is uniquely suited to matching grants and requests for goods and services, and CyberMiles solutions must encourage the next era of aspects to join the 'most' 'buyers' with the most applicable, '' Write develops. "For example, we rely on many car sellers or car mechanics who want to reach a daily volume of around 12,000 energetic vehicle buyers at 5 million, and many companies that move want to reach customers who buy giant furniture. On a regular market, sending messages or pop-up notifications to these users can also be annoying and annoying. "

In the CyberMiles system, CMT is used to send centralized messages that can be conventional or rejected using system users. The message received will produce a small element of CMT as a gift.

What is the CyberMiles connection to 5miles?

CyberMiles is a blockchain wing of 5miles, and both have been discovered by Lu. 5miles is a peer-to-peer market application, similar to non-anonymous Facebook Marketplace or Craigslist. This is based entirely on the relationship between consumers and marketers and transparent reviews.

5miles claims to have facilitated $ 1 billion in peer-to-peer income in 2015, the first year of operation.

"The special benefit of the CyberMiles blockchain is that it will be deployed to help the current 5miles e-commerce community of more than 10 million registered users based in the US, and more than $ 3 billion USD in annual transaction estimates," according to the official CyberMiles report. "This will directly create the largest blockchain-based trading community in the world. Communities may want to provide services such as decentralized consumer identification and savings management, decentralized clearing agreements, peer-based voting and conflicting resolutions. "

 What is Tie on Ethereum?

CyberMiles views Ethereum as Bitcoin 2.0 because of its capacity to make and implement smart contracts. The problem of scalability Ethereum, as seen by CyberMiles, can be solved using what are called "smart company contracts" which now do not require external conditions to be met. Taking inspiration from the Linux operating system, CyberMiles aims to create virtual laptops that are similar to Ethereum plus a stack of middleware software programs that are outside the blockchain.

"Each node in the blockchain will no longer only run the blockchain ledger but also supports standard middleware," the builder sketched on their white paper. "Borrowing a page from a profitable business enterprise software manual beforehand, the key is not to create a virtual laptop or a very powerful programming language, but to build a good library of software components that can be reused, and then standardize the entire stack of software . "

What is the CMT Market Mechanism?

CMT holders can actively take part in managing the community by delegating tokens to network validators.

"Validators are competing expert community operators to get the privilege to validate transactions on the CyberMiles network (and therefore maintain their integrity)," the developers noted. "In return, the validator receives the newly printed CMT through our 8% annual inflation and also gets transaction fees for the contracts of the smart companies they run. Validators usually share revenue with their delegates. "

Validators are chosen by public algorithms that are built into the blockchain at once to eliminate human aspects and fight centralization.

Distribution of tokens and funds are as follows:

The ultimate goal of CyberMiles is to revolutionize the workings of E-commerce & markets. With so many newcomers, interesting projects with innovative ideas in blockchain technology and their trust in a decentralized platform. I think CyberMiles achieved their goals as stated in their whitepaper, so they will also be a big attraction for blockchain users. We know that CyberMiles' smart contacts are based on the most popular programming languages out there like Java, Python, GO, JavaScript etc. This is another great thing from the CyberMiles team because most developers from various projects can smoothly use Smart CyberMiles Token contracts to run their code on the CM platform. I am very happy with this upcoming event.

TEAM

You can get acquainted with the project in more detail by referring to the social and media resources proposed below, where the developer has prepared a complete review and analysis of all the technical components of all their concepts. As well as a number of other supporting material and articles.

FOR INFORMATION:

WEB SITE : https://www.cybermiles.io/

WHITEPAPER : https://cybermiles.io/en-us/cmt/whitepaper/

FACEBOOK : https://web.facebook.com/cybermiles?_rdc=1&_rdr

TWITTER : https: // twitter.com / cybermiles

TELEGRAM : https://t.me/cybermilestoken

Author Sengkuni

Bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=2215475