CyberMiles CMT

$0.0924
Market Cap $ 64.406 MM (#90)
24h Volume $ 5.718 MM
Chg. 24h: -0.17%
Algo. score 3.7/5  (#98)
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CyberMiles project purpose and description

CyberMiles clarity of purpose

CyberMiles purpose and aspects

CyberMiles Foundation is developing a next-generation blockchain protocol with the following attributes: To support a large library of commerce-related smart business contracts that power decentralization of processes; to manage user identity & transaction data privately & safely, while enabling new transactions & settlements amongst network participants; to utilize a delegated-PoS consensus engine to support tens of thousands of transactions per second (“TPS”), hence resolving latency issues of existing chains.

CyberMiles categories

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Short description

CyberMiles is a new blockchain protocol being developed for the sole purpose of revolutionizing how commerce & marketplaces work. Imagine a world in which consumers can buy and sell products amongst themselves with the same confidence and certainty as they would from Amazon, or Walmart. Or if individuals could create their own marketplaces, and manage these communities in a truly democratic way.

Abstract

CyberMiles ("CM") is the blockchain technology being developed by 5xlab, a blockchain development laboratory. 5xlab is working closely with 5miles, a leading c2c marketplace operator with more than 12 million users in the US. 5miles is expected to be the first platform to utilize CyberMiles’ blockchain protocol, and will also assist 5xlab to develop the technology. Over the last 3 years of leading innovation in online & local marketplaces, 5miles has accumulated the necessary technical and commercial know-how to tailor blockchain technology & smart-contracts for real-world applications. 5xlab seeks to use this expertise to develop CyberMiles, with focus on trust and compliance. This will enable it to be a mainstream blockchain technology for real-world businesses.

Link to Roadmap: https://icobench.com/ico/cybermiles
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