CyberMiles ("CM") is a blockchain and smart contract platform developed by 5xlab, a blockchain development research lab. 5xlab's partner, 5miles, is one of the top ten c2c mobile e-commerce platforms in the United States, with more than 12 million users. 5miles is expected to be a decentralized application (DAPP) utilizing CyberMiles blockchain technology, and will also assist 5xLab in technology development. 5miles has accumulated the necessary technology, business knowledge and business innovation in the commercial operation of the local mobile market in the United States for more than three years, which has laid a good foundation for CyberMiles to create blockchain technology and smart business contracts that are applied to the real business world Foundation. 5xlab is committed to combining these expertise to develop CyberMiles, paying attention to making it legal compliance and the trust of the developer community. This will make CyberMiles a mainstream blockchain technology for real business.

Project Features

1. Smart

CyberMiles has created smart contract templates optimized for e-commerce businesses, making it easier for these companies to deploy blockchain for their businesses. CyberMiles' DPoS blockchain is seamlessly compatible with Ethereum, whether it is a smart contract or a decentralized application, it can be easily ported to CyberMiles.

2. Quickly

For e-commerce, transactions are frequent, and blockchain technology needs to meet high concurrency requirements in terms of transaction speed and processing speed.

Currently, the transaction speed of CyberMiles is 2,000 transactions per second, and it will reach 10,000 transactions per second when the mainnet is launched. Visa currently processes 6,000 transactions per second. That is to say, when the CyberMiles mainnet is launched, it will meet the daily needs of e-commerce. During the peak transaction period, the CyberMiles blockchain switches between Safe Mode and Unsafe Mode, reducing the number of nodes to meet the needs of high transaction volume.

The transaction confirmation speed of the CyberMiles blockchain is 10 seconds, which is much better than the existing blockchain in terms of transaction speed and processing speed, and can meet the high concurrency requirements of e-commerce.

3. Security

E-commerce generates tens of millions of transactions every day, and the issue of financial security bears the brunt. For the security of funds, CyberMiles has adopted the method of "pre-defense, then recover". First of all, CyberMiles will automatically identify the behavior patterns of hackers and stop their behavior to prevent the occurrence of fund loss problems. Prevention cannot completely solve the problem, so CyberMiles supports the establishment of an on-chain governance mechanism that can retrieve lost funds through a community consensus mechanism.

In addition, CyberMiles has also optimized the virtual machine to further ensure the safety of funds.

4. Free

Payment costs account for a large proportion of the cost system of e-commerce, which directly affects its profit margins. Based on this, users with short-term and small amount of transactions can be exempted from handling fees when conducting transactions on the CyberMiles blockchain.

In addition, an obvious feature of the existing e-commerce industry is that the giants dominate, and the winner takes all. The platform has the absolute right to speak, but the CyberMiles blockchain builds a decentralized ecosystem. CyberMiles will not charge "taxes" to small and medium-sized businesses, but will protect the interests of small and medium-sized businesses and stimulate innovation in the e-commerce industry through community self-government.

Related link:
https://www.cybermiles.io/zh-cn/ecommerce-solutions/finance/payment-gateway/