CyberMiles is a promising company that is trying to change the blockchain world forever. By creating a public blockchain and optimizing a smart contract platform, CyberMiles will introduce improved blockchain technology to e-commerce apps.
The company decided on this move due to necessity. During their research, they realized that the world needs specific, optimized blockchains for each app protocol. Thus, it became evident that one-size-fits-all fix is not going to cut it.
To eliminate platform lock-in issues, CyberMiles goes an extra mile. They value teamwork, and because of that, they are ready to collaborate with others so that they can remove the problems and build a larger network.
Moreover, their blockchain platform has to adapt to specific criteria, provided by the new Cosmos network and Ethereum. Thus, the app developers will have a chance to transfer the code and the crypto assets across various blockchains.
CyberMiles has many goals, but these are their long-term ones:
They will create an optimized platform which can be used for e-commerce. Also, the platform will fulfill all Ethereum requirements – it will be fully compatible with it.
Intricate e-commerce contracts will no longer represent an issue. CyberMiles will add specific extensions to their platform which will support the contracts. Those are Virtual Machine-level and Language-level extensions.
Users will be able to use the token assets on other blockchains as well.
The first version of the CyberMiles TestNet is called Travis. With this release, they wanted to focus on their first goal, and the first version is a worthy counterpart to Ethereum. That is especially true when it comes to e-commerce.
Travis can execute Ethereum smart contracts without too much hassle. Because it’s compatible with it entirely, Travis can also run DApps. The only difference is the speed – Travis is, without a doubt, faster than Ethereum (100 times more).
Another asset is its security. Unlike Ethereum, Travis is a safe blockchain that will eliminate all common smart contract issues. For example, the loss of fund, which is a recurring problem with Ethereum. But, if the problem occurs within Travis, CyberMiles has a plan B. They are using an on-chain governance process which will help them recover the fund through transparent, community consensus implementation.
Travis TestNet is less expensive and a lot more user-friendly than Ethereum. Moreover, the blockchain doesn’t charge its users for standard transactions. However, it knows how to waive fees without compromising the network’s security level.
Starting on March 31, the public will gain access to Travis TestNet after its press event.
Currently, there are seven validator nodes worldwide, but CyberMiles expects that number to rise soon. As the community grows, so will the number of validators because they depend on the staking process. If you want to become a candidate, you can run a full node.
The CyberMiles Foundation plays an integral part in the vetting process. By implementing it, the company ensures that all members know everything about the potential validators. Thus, they can prevent scams, network degradation, and even false advertising. The official validator is the one that wins in the voting process – and the whole community has to participate in it.
However, bear in mind that CyberMiles is not enforcing these rules yet. If you want to become a validator, you can contact the company and ask them.
CyberMiles used the Open Source model for this project. You can get all software from Github.
The company’s work doesn’t end here. Once they launch the Travis TestNet, they will start working on some improvements. The point is to make the blockchain better than Ethereum, and they can do that by adding specific features.
First of all, they want to build a virtual machine and make it enterprise-ready. In addition, the machine should also be highly optimized and ready to support business contracts without significant delays in its performance.
Apart from that, CyberMiles is also trying to import Ethereum assets to its blockchain. But, the point is to do it in a collaborative manner – not to hard fork it. That should allow an easy asset exchange across the blockchains.
Since the roots of the company are in Texas, their homage to Texas Revolution heroes is not a surprise. William B. Travis was a lieutenant colonel and a commander who fought in the Battle of Alamo. He lost his life in that battle, but before he died, he wrote the famous “Victory or Death” letter.
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