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Cypherium launches Scalable, Enterprise-Ready Blockchain in Beta


Cypherium released a beta version of its enterprise blockchain.

Cypherium concluded their ICO on 11th January 2018 and floated ERC20 'CPH' token. It will be used to execute secured transactions on the blockchain. The total token spread is 200,000,000.

Cypherium claims to be a global, highly scalable permission-less blockchain platform. It is based on proof-of-work and Byzantine fault tolerance consensus for governance. 

Boasting a processing speed of a thousand transactions per second, the Cypherium blockchain claimes to be among the fastest blockchains in the market with built-in governance mechanisms that reduce the need for hard forks.

Cypherium is unique in that it enables thousands of transactions per second while maintaining the permissionless state and security of Bitcoin’s blockchain. Cypherium claimes to be the first blockchain to solve governance disputes using proof-of-work and Byzantine fault tolerance consensus. It gives users access to a more complex set of smart contract functions, such as sophisticated decentralized apps and implementing deferred payments.

Cypherium Enterprise was created by former software developers at Google, Amazon, Microsoft, and Tencent. Their expertise includes cryptography, network security, virtualization, and artificial intelligence. Cypherium is advised by Cornell University’s Emin Gün Sirer, who co-directs the Initiative for Cryptocurrencies and Contracts (IC3), and leads research in distributed systems and mining techniques.


Sky Guo, Co-Founder, and CEO of Cypherium said, “Current blockchain infrastructures have many shortcomings, and this has kept enterprise customers from fully exploring blockchain technology’s potential. We’ve spent thousands of hours developing the fastest and most secure scalable blockchain for enterprise use cases, and are excited to go live with Cypherium Enterprise.”

Cypherium Enterprise claims to enable faster transaction speeds than Hyperledger. It should be noted that Hyperledger can perform 100-200 transactions per second on 10 nodes. Cypherium can perform 2,000 transactions per second on the same setting, according to the announcement.


PC:http://cypherium.io

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Mandar Pise Opinions expressed by techsutram contributors are their own. More details

Mandar is a seasoned software professional & Fintech, Cloud, IoT, and Blockchain enthusiast. He writes to benefit others from his experiences. His overall goal is to help people learn about Fintech, Cloud, IoT, AI and Blockchain, and the effects they will have economically and socially in the future.

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