We present consensus methods, including Proof-of-Work, fail to achieve sufficient transaction throughput to satisfy the requirements of a public blockchain, or an application that leverages one. This also includes the mainstream exchange of the digital tokens that secure them. Additionally, transactions cannot be considered irreversible until several blocks have been mined. We present Cypherium, which proposes a hybrid consensus mechanism wherein a dynamic group of replica nodes acts as validator committee to determine the validity and order of transactions within a Byzantine fault tolerance-based blockchain system. In place of a certificate authority, the system adopts Proof-of-Work to establish node identities and enable its open participation. Leader election and transaction validation are decoupled into two separate chains to eliminate transaction confirmation time. Transactions are permanently recorded once verified by more than twothirds of the majority of members of the validator committee.
Verified 0%
Attention. There is a risk that unverified members are not actually members of the team
Verified 0%
Attention. There is a risk that unverified members are not actually members of the team
Cypherium, due to the lack of a marketing campaign, will have problems with rmarket acceptance. High-level competition on the market by leading technology companies t, the market players have all the resources for replicating such business model, if its market acceptance will be fully confirmed.
Most solutions are only conceptually developed, i.e. there is no test net to proof concept. The product development roadmap is devoid of useful information and noted timelines. Cypherium VM offers light-weight sandbox environment that separates testing and production. The infrastructure comes with easy-to-use smart contract scripting, identity management, secure messaging, and additional functionalities. By providing fundamental building blocks for developers to create groundbreaking applications, and an intuitive interface for users to access these functionalities, Cypherium aim to provide a comprehensive foundation for the future of blockchain technology. The Cypherium team will receive 35% of all generated tokens, and there is any binding to KPI. Due to 1 ETH = 200 cypher tokens during pre-ico and total amount of tokens the total token pool valuation around 100M ETH or $833M which is above the average valuation of the same stage companies (With an ETH price of $833).
Blockchain specialist - Anker Chen - is not employed at Cypherium (according to LinkedIn) The amount of tokens saved for the team - 35% seems excessive The team does not have participants with successful experience in creating and scaling international business.
