We are thrilled to announce that $CPH is now available on Liquid!
About $CPH and Cypherium Blockchain
Cypherium is a layer 1 blockchain protocol designed to offer financial inclusivity for users while delivering operational efficiencies for its enterprise and institutional partners. Using a hybrid consensus mechanism, the Cypherium blockchain is designed to achieve commercial viability while preserving the characteristics of decentralization and DLT. Cypherium’s approach to creating financial inclusivity between civilians, banks, government, and enterprises begins with our Digital Currency Interoperability Framework. The DCIF is Cypherium’s proprietary architecture for allowing any asset, including CBDCs, stable coins, and digital assets, to be received or distributed on-chain or cross-ledger.
$CPH is a mainnet cryptocurrency that runs on the Cypherium Blockchain utilized in the same way Ethereum developed ETH to operate its network. Holders of $CPH can participate in the growth of the network in the following ways described below:
- Access to Network Resources
- $CPH serves to allocate network resources to participants where the amount of $CPH you hold corresponds to your stake in the network’s resources
- Pay Network Gas Fees
- $CPH holders receive a proportional amount of Cypherium Power, where each Power represents 1 share of the total network resources. This resembles Ethereum’s Gas mechanism: the more coins a user holds the more Power that the user has, which affords them access to network resources, such as the maximum limit per transaction. And the larger one’s Power value, the greater the recovery rate after Power is expended.
- Pay Smart Contract Fees
- The CVM bills for both the execution and storage of its contract. In other words, there is a joint charge to record the transaction, but not for the memory that recording consumes on the CVM. However, Etherum, like Bitcoin, only rewards a single miner, while CPH evenly splits the fees collected from a transaction among the committee members. This departure keeps the fees lower than on the EVM because the committee working collectively allows the network to process a greater overall number of transactions, reducing the cost of each individual contract.
In short, $CPH is the native currency that keeps Cypherium running. It does so without the prevalent problems of bottlenecking, bidding gridlock, and overpaying fees. Please refer to our Whitepaper for the details.
Partnerships and Use Cases
Cypherium is one of the first blockchain companies to have real-world, tangible blockchain applications. Our state-of-the-art innovations in decentralized identification combined with highly scalable hybrid consensus and smart contracts serve as a key foundation for CBDC and fintech integration, as well as real-world use cases.
Randstad is using a combination of Cypherium blockchain and Google Cloud to match talent to corporate needs more efficiently and free up teams to do more value-added work. Cypherium’s deployment of next-generation consensus protocols, within the Google Cloud framework, gives it robust defenses against hacking. Unlike in previous generations of digital security, the data that the Cypherium blockchain protects can’t be leaked through massive, centralized data breaches. Instead of storing data in clear text on centralized servers, Cypherium keeps data secure by incorporating the Decentralized Identifiers (DID) standard. This helps to assure Randstad that it can avoid vulnerability and liability in a sensitive industry: its users' information will remain safe no matter their employer or turnover rate.
Cypherium is prepared to serve its customers’ needs as infrastructure, platform, or cloud. As the IBM partnership attests, the private and consortium chains made available through this platform may prepare future businesses to compete in a world where the efficiency, speed, and organization of blockchains become the norm. Through the IBM Cloud Showcase, Cypherium can team up with large institutions to put into practice the concepts that have been buzzing around the crypto world for so long — faster payments, safer transactions, transparency, and efficiency in personal records — all that would come with living in a decentralized technological landscape.
The launch of Cypherium Enterprise on the AWS Marketplace opens the door for Amazon Web Services (AWS) customers to seamlessly access Cypherium’s blockchain solutions. AWS provides one of the largest global infrastructures for building end-to-end blockchain platforms cost-efficiently and at scale. Cypherium Enterprise runs a frictionless Turing-complete Java Virtual Machine to encourage the widespread adoption and development of smart contracts in a way that maximizes the practical usefulness of blockchain. Launching the smart contract platform on Amazon Web Services Marketplace is a first step toward dispensing blockchain tools and solutions to a new enterprise audience that has hitherto relied on traditional technologies.
Microsoft for Startups helps new, promising projects gain a critical edge in the crowded fields of Blockchain-as-a-Service and Blockchain consulting. Entering this program provides Cypherium with a new network of customers, collaborators, and mentors that will be critical as our industry continues to expand during these turbulent times. Our project will also have access to Azure computing resources that will help us scale our work in order to meet the material needs of our growing customer base. These resources are invaluable assets for new companies like ours, which instead of being a great expense may now be our most scalable asset. Joining the Microsoft for Startups program allows us to take concrete steps toward growth in an era of flux and confusion. We are excited to join the over one billion dollars in sales opportunities that have been secured for startups active in the program. And we are very eager for the opportunity to share our technology with the best and brightest in industries and countries throughout the world.
Google Cloud partnered with Cypherium to use its product, Cypherium Enterprise. Cypherium describes this product as an enterprise-focused blockchain platform with a focus on scalability and decentralization, which thus opens the door for Google Cloud customers to have access to the blockchain solution. Cypherium purports to be an enterprise-ready blockchain solution that is highly scalable and robust. They utilize a hybrid design that features a joint Proof-of-Work (PoW) and HotStuff (Also adopted by Facebook’s Diem) consensus mechanism that can allegedly achieve thousands of transactions per second without sacrificing decentralization.
Listed as a preferred startup at Société Générale’s Startup-Flow, Cypherium is invited to submit a proof-of-concept to introduce its innovative technologies to facilitate global CBDC interoperability. Through this endeavor, Cypherium will be able to create strategic partnerships with over 30 tech-based innovation leaders within Société Générale’s ecosystem. Cypherium’s cross-chain interoperability solution will aid in accelerating Europe’s efforts in moving towards a CBDC era.
Cypherium is a voting member of the United States Faster Payments Council under the Federal Reserve Board and has a specialized sub-committee role at the Safety and Work Group. Within the organization, Cypherium is focusing on integrating blockchain technology for fraud prevention and analysis, aiming to solve the vulnerabilities of our current system.
To support the blockchain-focused companies such as Cypherium, and to further strengthen their authoritative presence in front of central banks, ministries of finance, and other public and private sector counterparts, OMFIF has created the Digital Monetary Institute which will include a series of joint engagements. Cypherium is a founding member of the Digital Monetary Institute (DMI) and intends to build bridges between the worlds of digital currencies and traditional banking, and has a focus on payment instruments in wholesale and retail markets, and central bank digital currencies (CBDC).
The memorandum of understanding signed between the Chinese city of Suzhou and Cypherium contributes to the blockchain infrastructure’s technical development of the country at large. Suzhou City has successfully piloted the DCEP project and other blockchain-related initiatives, and Cypherium will now further expand the city’s blockchain-related capabilities. Cypherium’s cross-chain interoperability solution will be a game-changer for the experimental central bank digital currency (DCEP), allowing for communication with their international counterparts, local industries, and wholesalers. Its partnership with various other government entities and conglomerates will enhance its development of cross-chain transactions among any two CBDCs or other digital currencies, bringing CBDCs into a globalized financial climate.
Chainlink's oracle network specializes in bidirectional integration of off-chain data with smart contracts and is used by global enterprises such as Google, Oracle, and SWIFT. Through the partnership between Chainlink and Cypherium, the collaboration is centered on the need for the optimization of smart contract functionality through secure and reliable oracle solutions. Joint efforts include fostering the development of use cases and engaging cross-community.
Cypherium has been working closely with IC3, a world-class blockchain technology research & academic consortium, to advance the integration of blockchain technology as a service. IC3 helps solve the notoriously difficult scalability problem in blockchain protocols that hinder the commercialization of blockchain technology. IC3 is collaborating with domain experts in finance and banking, entrepreneurs, regulators, and open-source software communities to move these blockchain-based solutions from today’s whiteboards and proofs-of-concept to tomorrow’s fast and reliable financial systems of execution and record.
Cypherium and Boston Consulting Group (BCG) collaborated on a joint research project regarding the emergence of Central Bank Digital Currencies (CBDCs) and its implications for the future of financial systems. The study also delved into key challenges hindering CBDC adoption relating to privacy, interoperability, cybersecurity, and offline payments.
Cypherium has a strategic partnership with the Blockchain-based Service Network (BSN), a cross-cloud, cross-portal, and cross-framework global public infrastructure network with a strong presence in China. The partnership looks to ensure Cypherium technology continues to meet China’s stringent regulatory requirements for Central Bank Digital Currencies (CBDCs) as it expands into the Chinese market. Cypherium and BSN are also collaborating on opportunities to facilitate interoperability between CBDCs worldwide.
Under the partnership, Cypherium’s technology will also be integrated into the BSN, which provides developers and companies a one-stop-shop solution – encompassing programming, software development, resource, and environment configurations, application deployment, gateway APIs, local SDKs, key certificates, and more – for building blockchain and distributed ledger technology (DLT) apps, which are interoperable within one uniform environment. The BSN was created to spur the mass adoption of blockchain technology, having already integrated more than two dozen permissioned and permissionless blockchain frameworks, including Hyperledger Fabric, ConsenSys Quorum, Ethereum, Tezos, Solana, and Algorand.
Problems and Solutions
Many distributed ledger projects have attempted to solve the challenges Bitcoin faces. However, these solutions have yet to resolve the so-called blockchain trilemma: to preserve speed, security, and decentralization at the same time. Often, these solutions must come down to a trade-off among these three vectors.
Cypherium’s proprietary consensus algorithm, CypherBFT overcomes the disadvantages of the prior art by providing a distributed transaction system including a group of validator nodes that are known to each other in a network but are indistinguishable from the other network nodes in the network.
CypherBFT consensus is anchored by the HotStuff algorithm, and can authentically offer instant finality for its network users. With its HotStuff-based design, the CypherBFT’s runtime lasts only 20-30 milliseconds (ms). Two to three confirmations are all that is required to permanently accept a proposed block into the blockchain, and it only takes 90ms for these confirmations to transpire, making the process significantly faster than the two minutes required by EOS. Cypherium’s CypherBFT, which also utilizes HotStuff, does not need to choose between responsiveness and linearity. Cypherium’s dual blockchain structure includes the speeds of a dag, but its recall for users can happen much simpler and faster, which adds to the availability of information and makes the information more decentralized.
$CPH is suitable for:
- Coin purchasers and holders who have purchased $CPH are trading and/or sending $CPH as a peer-to-peer currency between their wallets.
- Individuals and enterprises who want to create unique businesses and tokens with programmatic, automated, and immutable business logic, and economic incentives
- Fees for CBDC, stable coin, and crypto cross-protocol transactions
$CPH Listing Details
Listing Date: October 14th, 2021 at 3 PM (JST).
Listing pairs: CPH/USDT.
From 14th of October, 2021 - 28th of October, 2021 we offer 0 fees for trading CPH pairs on Liquid.
Interested in learning more about $CPH? Join the Cypherium community and refer to the following information:
Profile Report: https://xangle.io/project/CPH/profile
Audit Report: https://docsend.com/view/quhpbnkjawh4erjw
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