How Cypherium Revolutionizes The Space Through It's Scalable And Permissionless Smart Contract

Introduction?

Cypherium is a blockchain based platform that provides a number of improvements for decentralized ledger systems. It is a highly-scalable smart-contract platform that is really reliable and robust.

What Are Smart Contracts?

Smart-contracts are self-executing contracts that perform actions based on some predefined 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 there is no need to always wait for decisions of parties, hence, faster transactions, no bias and no need for a 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.

Cypherium Addresses The Major Flaws Of Blockchain Trilemma?

Cypherium's mission is to address the major flaws of the current public blockchain infrastructures such as the blockchain trilemma (scalability has to be given up or seems to be compromised in order to achieve decentralization or vice versa).

Cypherium is providing a really decentralized and scalability-enabling architecture, incorporated with a readily accessible, friendly and intuitive user-interface.

Cypherium And Hybrid Consensus Mechanism?

The Cypherium platform is a permissionless blockchain 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

What Makes Cypherium Different From Other Existing Blockchains?

Let us look at some of the features of the Cypherium and what distinguishes it from existing blockchains.

1. Cypherium ensured absolute scalability and decentralization

As stated earlier, Cypherium's mission is to handle the challenges of the current blockchains such as the trilemma. Cypherium is designed to ensure wider-range adoption of blockchain and its applications by maximizing both scalability and decentralization, that is, none of them would be compromised for the other.

2. Dual-chain Architecture and consensus mechanism

Cypherium uses two distinct blockchains. 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. Cypherium is built on previous blockchain innovations

Another unique feature of Cypherium is the fact that, unlike other new generation blockchains that abandoned the original trustless consensus mechanism of Satoshi Nakamoto, Cypherium builds upon the significant innovations of the original and previous blockchains.

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 decentralized apps, user-defined digital resources, and so on.

5. Cypherium CVM

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

Benefits Of Cypherium?

1. Reduced security threats

Cypherium makes use of a complex security technology that makes attacks on the platform nearly impossible.

2. Faster transaction, less part-time

Through its dual-chain architecture that consists of 2 uniquely and functionally different blockchains, as well as via its smart contracts functionality, Cypherium blockchain ensures that users would not have to wait for transaction confirmation. The self-executing smart-contracts eradicates the need to wait for human decision on agreements and transactions.

3. Highly Scalable?

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

Conclusion?

Cypherium's mission is to address the major flaws of the current public blockchain infrastructures such as the blockchain trilemma (scalability has to be given up or seems to be compromised in order to achieve decentralization or vice versa). It is a highly scalable blockchain that is really reliable and robust. Cypherium's unique features of Dual-chain structure, hybrid consensus, maximum scalability and decentralization, self-executing smart-contracts, being built on previous blockchain innovations and lots more. Makes fit for a good number of use cases or application areas, ranging from Finance to Messaging to Internet-of-Things, and so on.

RESOURCES ON CYPHERIUM

WEBSITE

GITHUB

TELEGRAM

TWITTER

FACEBOOK