What Is Cypherium (CPH)?
Cypherium is a highly scalable & permissionless blockchain platform, with a hybrid consensus mechanism that utilizes both proof-of-work and HotStuff Byzantine fault tolerance. software is designed to achieve commercialization viability through maximizing both decentralization and scalability, without sacrificing one for the other. Unlike many second and third generation blockchains that abandon Satoshi Nakamoto’s original permissionless
Trustless consensus mechanism, at Cypherium try to build on the valuable innovations of previous blockchains. Cypherium’s unique consensus mechanism provides unprecedented transaction throughput and contract execution time through HotStuff, while leveraging an ASIC-resistant PoW system that maintains a thoroughly decentralized node election.
At Cypherium, we’re focused on addressing the key shortcomings of existing public blockchain infrastructures, where scalability seems to come at the cost of decentralization in every corner of the ecosystem.As a result, slower, more centralized blockchain infrastructures have hindered
The commercial adoption of distributed ledger technologies. By providing a truly decentralized and scalable framework, combined with an accessible and intuitive user interface, Cypherium lays a comprehensive foundation for developers to create groundbreaking apps capable of transforming the future of business, law, and enterprise solutions.
Cypherium (CPH) Storage Key Points
|Circulating Supply||188,732,106.15 CPH|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
Cypherium (CPH) Overview
Cypherium is a global, scalable blockchain infrastructure based on proof-of-work and Byzantine fault tolerance consensus for governance. Founded in 2017, has a complete product suite positioned for financial and government stakeholders including Cypherium ID, Validator, Connect, and CypherLink. technology has completed several proof of concepts and beta projects with the City of Suzhou, Randstand, and Google.
Cypherium is a layer 1 blockchain protocol design to offer financial inclusivity for users, with transactional efficiencies for institutions. With a fully integrated product suite, has the tools to optimize business efficiencies and pass those time and financial savings down to users.
CypherLink: Notary scheme cross-ledger framework
• Cypherium Connect: Third party plugin module for banking systems
• Cypherium Validator: Verification machine
• Cypherium ID: Decentralized ID authentication
Using a hybrid consensus mechanism that utilizes both Proof-of-Work and HotStuff, the Cypherium blockchain is designed to achieve commercial viability. technology separates the mining and verification processes into two distinct blockchains to help optimize tasks and achieve greater efficiency. An election chain chooses Proof- of-Work leaders to write new blocks, while a transaction chain uses HotStuff consensus to verify the transaction data within those blocks.
Digital Currency Interoperability Framework (DCIF)
Any attempt at digitizing public money will soon have to reconcile the many features required by national currencies that are not yet mandated by digital ledger technologies. A fully functional CBDC will have to interact with a wide range of private sector industries as well as other national economic systems approach to creating financial inclusivity between civilians, banks, government, and enterprise begins with Digital Currency Interoperability Framework. The DCIF is proprietary architecture for allowing any asset to be received or distributed on-chain or cross-chain.
Cypherium’s proprietary consensus algorithm, CypherBFT overcomes disadvantages of the prior art by providing a distributed transaction system including a group of validator nodes that are known to each other in a network but are indistinguishable to the other network nodes in the network. As used herein, the group of validator nodes may be referred to as a “Committee” of validator nodes.
In some embodiments, the system reconfigures one or more validator nodes in the Committee based on the results of proof-of-work (POW) challenges. According to some disclosed embodiments, a network node that is not already a validator node in the Committee may be added to the Committee if it successfully completes a POW challenge.