Cypherium is a hybrid blockchain platform based on proof-of-work and Byzantine fault tolerance consensus. The design goal of Cypherium focuses on achieving the apex of scalability, decentralization, and commercialization viability.
Cypherium implements a Turing complete, stack-based scripting system, also known as smart contract. The smart contract runs inside a Cypherium Virtual Machine (CVM). Smart contract enables users to create more complex decentralized apps, including deferred payment, advanced access.
Cypherium is capable of registering billions of IoT devices and enhancing their security through cryptographic proofs. Nodes can verify each other’s authenticity via information registered on the Cypherium blockchain.
Cypherium’s dynamic node election mechanism ensures that all nodes are replaced after a certain period, and therefore minimizes the possibility of single point of failures.
Cypherium can also serve as a registry of hashes that point to files or data records on external storages eg. IPFS.
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