HOW CYPHERIUM IS REVOLUTIONIZING THE BLOCK-CHAIN TECHNOLOGY WITH ITS SCALABLE AND PERMISSIONLESS SMART-CONTRACT PLATFROM

HOW CYPHERIUM IS REVOLUTIONIZING THE BLOCK-CHAIN TECHNOLOGY WITH ITS SCALABLE AND PERMISSIONLESS SMART-CONTRACT PLATFROM

By RitabeII | Helloadaora | 17 Jun 2020


INTRODUCTION
Cypherium is a block-chain-based and smart-contracts platform that provides a number of improvements for de-centralized ledger systems. It is a highly-scalable smart-contract platform that is really reliable and robust.
Smart-contracts are self-executing contracts that performs actions based on some pre-defined conditions such that at the time of executing the contract, no party involved in the agreement can change or influence the decision. This means that no need to always wait for decisions of parties, hence, faster transactions, no bias and no need for central decision maker.
The features above are some of the benefits Cypherium comes with for the good of the ledger system and its use cases.

WHY CYPHERIUM? ADDRESSING MAJOR FLAWS OF PUBLIC BLOCK-CHAIN INFRASTRUCTURES
Cypherium's mission is to address the major flaws of the current public block-chain infrastructures such as the block-chain trilemma (scalability has to be given up or seems to be compromised in order to achieve de-centralization or vice versa).
Cypherium is providing a really de-centralized and scalability-enabling architecture, incorporated with a readily accessible, friendly and intuitive user-interface.

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CYPHERIUM: A SCALABLE AND TRUSTLESS SMART-CONTRACTS PLATFORM WITH HYBRID CONSENSUS MECHANISM!
The Cypherium platform is a permissionless block-chain system that is really very scalable. It makes use of both PoW (proof of work) mechanism and HotStuff mechanism. In order words, Cypherium uses a HYBRID consensus mechanism in order to achieve its mission. These mechanisms are used by Cypherium's two distinct block-chains. More about this will be discussed in this article

UNIQUE FEATURES OF CYPHERIUM PLATFORM
Let us look at some of the feature of the Cypherium platform:
1. ENSURING MAXIMUM OF BOTH SCALABILITY AND DE-CENTRALIZATION
As stated earlier (in our introduction), Cypherium's mission is to handle the challenges of the current block-chain systems, such as the trilemma. Cypherium is designed to ensure wider-range adoption of block-chain and its applications by maximising both scalability and de-centralization, that is, none of them would be compromised for the other.

2. DUAL-CHAIN ARCHITECTURE AND HYBRID CONSENSUS
Cypherium uses two distinct block-chains. The first is an Election Chain that selects PoW leaders to generate/write new blocks while the second chain is a Transactions Chain that uses the HotStuff consensus to confirm transactions data in the blocks created by the first chain (election chain).

3. BUILT ON PREVIOUS BLOCK-CHAIN INNOVATIONS
Another unique feature of Cypherium platform is the fact that, unlike other new generation block-chains that abandoned the original trustless consensus mechanism of Satoshi Nakamoto, Cypherium builds upon the significant innovations of the original and previous block-chains.

4. SMART-CONTRACTS
Cypherium also implements or applies the smart-contracts principle and it will run inside their CVM (Cypherium Virtual Machine). A smart-contract provides the ability to create de-centralized apps, user-defined digital resources, and so on.

5. CVM (CYPHERIUM VIRTUAL MACHINE)
The Virtual Machine is an infrastructure or environment created by CYPHERIUM inside which smart-contracts run. It is a safe, digital environment where smart-contracts that are written into Cypherium's block-chain are executed in line with the way the contracts were created.
The Cypherium Virtual Machine is said to be an improvement on the Etherium Virtual Machine (EVM), because its management is easier and it offers greater speed and lower cost even when compared to EVM.

BENEFITS OF CYPHERIUM: ITS REVOLUTIONIZING EFFECT ON BLOCK-CHAIN TECHNOLOGY
1. REDUCED SECURITY THREATS
Cypherium makes use of a complex security technology that makes attacks on the platform nearly impossible.

2. FASTER TRANSACTIONS, LESS WAITING
Via its dual-chain architecture that consists of 2 uniquely and functionally different block-chains, as well as via its smart-contracts functionality, Cypherium platform ensures that users would not have to wait for transactions confirmation. The self-executing smart-contracts eradicates the need to wait for human decision on agreements and transactions.

3. HIGH SCALABILITY
With Cypherium, scalability is no longer an issue and also very certain. Cypherium ensures scalability without compromising speed or de-centralization. Its combination of PoW and HotStuff consensus allows the processing of thousands of transactions in one second.

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CONCLUSION
Cypherium's mission is to address the major flaws of the current public block-chain infrastructures such as the block-chain trilemma (scalability has to be given up or seems to be compromised in order to achieve de-centralization or vice versa). It is a highly-scalable smart-contract platform that is really reliable and robust.
Cypherium's unique features include: Dual-chain structure; hybrid consensus; ensuring maximum scalability and de-centralization; self-executing smart-contracts; being built on previous block-chain innovations and so on.
With these unique features, Cypherium becomes adequate for creation and launching of platforms for de-centralized applications. It is therefore fit for a good number of use cases or application areas, ranging from Finance to Messaging to Internet-of-Things, and so on.

For More Information about Cypherium, Visit: WEBSITE

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RitabeII
RitabeII

Blockchain and cryptocurrency enthusiast| Digital Content Creator| Crypto Investor| Community Manager| BRAND AMBASSADOR| Graphics Designer| Infographic Creator


Helloadaora
Helloadaora

Glad to be onboard

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