CyberMiles Blockchain (CMT)

Introduction

Understanding the structure of the online shopping activities will give us a good background to study this new platform CyberMiles. The same way many types of businesses can be runned on the popular online shopping stores or website, this platform has so much in common and it has built an app to that end. It way of providing services to users is very interesting, it allows users to use various app controlled by the users but connected by the platform itself.

CyberMiles aims to build a smart contract platform that is similar to Ethereum but heavily optimized to facilitate e-commerce transactions. Our blockchain enables people to construct and execute business contracts enforced by computer code. Our goal is to build an e-commerce ecosystem that is native to the network era:

1. no rent-seeking centralized monopoly;

2. more fair allocation of network rewards; and

3. stronger network effects through economic incentives.

How CyberMiles Works

This platform will help to provide assistance for grown businesses that cannot handle the distrubution of their products to their clients. This is because when a company grows to an extent, it becomes very difficult for them to manage their entire operations and it can become a very heavy burden for them tl bear such that when they don't attend well to the system, it can lead to a crash of the entire business. So it means that owners of companies do not need to over work themselves to keep their company forward.

This is the marked difference between Ethereum for instance and this platform. It is essentially made to enable business owners or merchants Build apps to aid their entire operations. This platform only uses the smartcontracts that are designed for business alone unlike others that uses smartcontracts that are constructed for other purposes. The users wouldn't need to go through the stress of building contracts for themselves but simply use an established one. There will also be great technologies in use for such businesses to be grown which will demand no extra effort from the part of the users. All they will have to do is register and start using these features.

With the tendermint DPOS structure, it transactions are done in split seconds, they are confirmed and verified at the same time. It is ry a big program with the right level of decentralisation that makes it able to design other platforms for users. Even majority of the already established ones could still be recreated by this same platform. Which is why it can function as a credit management system, a platform for conflict resolution for voting transparently and for assets management.

This CMT platform is really concerned about the fate of the millions of people on the sector already and how much they must have struggled to keep meeting up with the lapses that was more than what they could fix. Now with the new type of token to represent the platform in all the transactions done in the ecommerce sector, the CMT token will be integrated into the platform for users to use it seamlessly as a secure payments for products gotten in the e-commerce site and that will be the trend of the system. This token will allow users to fully express their activities in the platform.

The token would be used just as it has been designed to be used and won't be the restraining factor to any of the operations to be carried out by the Project. Many will have rewards given in the form of this tokens and each users will have smartcontracts designed or developed through them. There would be exchange of services with this token between the users. All the validators of the CMT network also will get rewards with the token which means that all the stakeholders in the ecosystem will have incentives given as a means of appreciating them. While the tokens stays relevant in the platform, it is necessary to buy and hold these tokens as a delegated proof of stake to make the transactions more transparent and the system and do so many of them at once. This will resolve the problems of latency and help revitalize the e-commerce system.