Disclaimer: This page may contain affiliate links. CoinMarketCap may be compensated if you visit any affiliate links and you take certain actions such as signing up and transacting with these affiliate platforms. Please refer to Affiliate Disclosure
Cypherium is a layer 1 blockchain protocol designed to offer financial inclusion for its users whilst 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. As a proof-of-work blockchain, Cypherium does not run the risk of being classified as a security. Cypherium’s approach to creating financial inclusion 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.
Cypherium’s strategic implementation of Proof-of-Work protocol and the HotStuff consensus algorithm expresses the cutting-edge features of a fully decentralized blockchain featuring enhanced security and unprecedented scalability. Cypherium’s features include bifurcated identity-authentication as well as crucial integration with business applications, legacy transaction systems, and parallel blockchain systems. Featuring major partnerships with industry-leading enterprises such as Google, IBM, AWS and Microsoft, Cypherium aims to provide financial inclusivity for its users and cross-chain interoperability to emerging CBDCs.
Through the implementation of the Proof-of-Work protocol with the HotStuff consensus algorithm Cypherium achieves scalability without sacrificing decentralization and security. Cypherium is the only proof-of-work blockchain that has obtained enterprise level scalability and offers smart contracts that have both native Java (language with the most developers in the world) support and Solidity compatibility. Due to our numerous partnerships including one with OMFIF’s Digital Monetary Institute where global financial authorities develop proof of concept on the future of finance and payment systems, and an MoU with Suzhou City of China, Cypherium is in an excellent position to be able to provide cross-chain interoperability to emerging CBDCs.
What is Cypherium?
Cypherium (CPH) stands out as a layer 1 blockchain protocol designed to foster financial inclusion and operational efficiency for enterprises and institutional partners. Unlike many other blockchain platforms, Cypherium employs a hybrid consensus mechanism combining Proof-of-Work (PoW) with the HotStuff consensus algorithm, ensuring scalability without compromising decentralization and security.
The Cypherium blockchain platform features a register-based virtual machine for executing smart contracts, supporting both native Java and Solidity, making it accessible to a broad range of developers. This dual compatibility enhances its utility and adoption potential in various sectors.
Cypherium's Digital Currency Interoperability Framework (DCIF) is a proprietary architecture enabling seamless interaction between different digital assets, including CBDCs, stablecoins, and other digital currencies. This framework is crucial for integrating financial systems across different platforms and ledgers, promoting a more inclusive financial ecosystem.
Strategic partnerships with tech giants like Microsoft, Google, Amazon, and IBM, as well as collaborations with government institutions, underscore Cypherium's potential for widespread adoption. These alliances facilitate integration with business applications, legacy transaction systems, and parallel blockchain systems, enhancing its commercial viability.
Cypherium's bifurcated identity-authentication system adds an extra layer of security, making it suitable for enterprise-level applications. Its collaboration with OMFIF’s Digital Monetary Institute and an MoU with Suzhou City of China further positions Cypherium as a key player in the development of future financial and payment systems, particularly in the realm of cross-chain interoperability for emerging CBDCs.
What is the technology behind Cypherium?
Cypherium (CPH) stands out in the blockchain landscape with its innovative technology, designed to bridge the gap between traditional financial systems and the decentralized world. At its core, Cypherium operates on a layer 1 blockchain protocol known as the Cypherium Virtual Machine (CVM). This protocol is engineered to offer both financial inclusion for users and operational efficiencies for enterprises and institutions.
The blockchain employs a hybrid consensus mechanism that combines proof-of-work (PoW) with Byzantine fault tolerance (BFT). This dual approach ensures that the network remains secure and resilient against attacks from bad actors. Proof-of-work, a well-known consensus algorithm, requires miners to solve complex mathematical problems to validate transactions, making it difficult for malicious entities to manipulate the blockchain. On the other hand, Byzantine fault tolerance ensures that the system can reach consensus even if some nodes act maliciously or fail.
Cypherium's technology is highly scalable and permissionless, making it suitable for a wide range of applications. The blockchain has garnered attention from central banks, major companies, and the media for its potential to revolutionize business, law, and enterprise. One of the standout features of Cypherium is its Digital Currency Interoperability Framework (DCIF). This proprietary architecture allows various assets, including central bank digital currencies (CBDCs), stablecoins, and other digital assets, to be received or distributed on-chain or across different ledgers.
The strategic implementation of the PoW protocol alongside the HotStuff consensus algorithm is a testament to Cypherium's commitment to scalability without compromising decentralization and security. HotStuff, a consensus algorithm known for its efficiency and robustness, further enhances the blockchain's ability to handle a high volume of transactions while maintaining security.
Cypherium also integrates bifurcated identity-authentication, which is crucial for business applications and legacy transaction systems. This feature ensures that users' identities are authenticated in a secure manner, which is essential for compliance with regulatory requirements. Additionally, Cypherium supports smart contracts with native Java and Solidity compatibility, making it accessible to a broad range of developers.
The blockchain's partnerships with industry giants such as Google, IBM, AWS, and Microsoft highlight its potential for widespread adoption. These collaborations aim to provide financial inclusivity and cross-chain interoperability, particularly with emerging CBDCs. Cypherium's involvement with OMFIF’s Digital Monetary Institute and its memorandum of understanding with Suzhou City of China further underscore its role in shaping the future of finance and payment systems.
Cypherium's hybrid consensus mechanism and strategic partnerships position it uniquely in the blockchain ecosystem. The combination of PoW and BFT ensures a secure and scalable network, while the integration with business applications and legacy systems makes it a versatile solution for enterprises. The Digital Currency Interoperability Framework exemplifies Cypherium's commitment to financial inclusion and cross-chain interoperability, paving the way for a more connected and efficient financial system.
What are the real-world applications of Cypherium?
Cypherium (CPH) is a layer 1 blockchain protocol that aims to bridge the gap between decentralized finance and traditional financial systems. It employs a hybrid consensus mechanism combining Proof-of-Work and the HotStuff consensus algorithm, ensuring scalability, security, and decentralization.
One of the standout applications of Cypherium is its role in financial inclusion. By leveraging its Digital Currency Interoperability Framework (DCIF), Cypherium facilitates the seamless transfer and receipt of various digital assets, including Central Bank Digital Currencies (CBDCs), stablecoins, and other digital assets. This framework allows for cross-ledger transactions, making it easier for individuals and businesses to engage in the digital economy.
Cypherium's partnerships with major tech companies like Google, Microsoft, IBM, and Amazon highlight its enterprise capabilities. These collaborations enable Cypherium to integrate with existing business applications and legacy transaction systems, enhancing operational efficiencies for enterprise and institutional partners. This integration is crucial for businesses looking to adopt blockchain technology without overhauling their current systems.
Another significant application is Cypherium's involvement in the FedNow ecosystem. FedNow is a real-time payment service developed by the Federal Reserve, and Cypherium's participation aims to bridge on-chain and off-chain assets. This involvement underscores Cypherium's potential to revolutionize payment systems by providing faster, more secure transactions.
Cypherium also supports decentralized smart contracts, offering native Java and Solidity compatibility. This feature makes it accessible to a broad range of developers, facilitating the creation of decentralized applications (dApps) that can operate across various blockchain networks. This cross-chain interoperability is particularly beneficial for emerging CBDCs, allowing them to interact seamlessly with other digital currencies and assets.
In the realm of identity authentication, Cypherium employs bifurcated identity-authentication mechanisms, enhancing security while maintaining user privacy. This feature is particularly valuable for applications requiring robust identity verification, such as financial services and government applications.
Cypherium's strategic partnerships and technological innovations position it as a versatile blockchain platform capable of addressing various real-world challenges, from financial inclusion to enterprise integration and cross-chain interoperability.
What key events have there been for Cypherium?
Cypherium (CPH) is a layer 1 blockchain protocol designed to offer financial inclusion and operational efficiencies for enterprise and institutional partners. Utilizing a hybrid consensus mechanism, Cypherium aims to achieve commercial viability while maintaining decentralization and distributed ledger technology (DLT) characteristics. The blockchain's Proof-of-Work protocol, combined with the HotStuff consensus algorithm, ensures enhanced security and scalability.
One of the significant milestones for Cypherium was the launch of its mainnet. This event marked the transition from a test environment to a fully operational blockchain network, enabling the deployment of decentralized applications (dApps) and smart contracts. The mainnet launch was a crucial step in demonstrating Cypherium's capabilities and readiness for real-world applications.
Cypherium has also established several key partnerships with central banks to facilitate interoperability between Central Bank Digital Currencies (CBDCs). These collaborations are part of Cypherium's broader strategy to integrate with existing financial systems and enhance cross-border payment solutions. The Digital Currency Interoperability Framework (DCIF) developed by Cypherium plays a pivotal role in this initiative, allowing various digital assets, including CBDCs and stablecoins, to be transacted seamlessly across different ledgers.
In addition to its work with central banks, Cypherium has formed strategic alliances with major technology companies such as Google, IBM, AWS, and Microsoft. These partnerships aim to leverage the technological expertise and infrastructure of these industry giants to enhance Cypherium's blockchain solutions. For instance, the integration with cloud services provided by these companies ensures that Cypherium's blockchain can scale efficiently and securely.
The release of several repositories on GitHub, including cypherium/blockchain, cypherium/cypher-bin, and cypherium/uniswap-sdk-cypherium, highlights Cypherium's commitment to open-source development and community engagement. These repositories provide developers with the tools and resources needed to build and deploy applications on the Cypherium blockchain, fostering innovation and collaboration within the ecosystem.
A notable event in Cypherium's timeline is the token swap deadline set for April 20, 2024. This deadline is crucial for token holders to exchange their existing tokens for the new ones compatible with the updated blockchain protocol. The token swap ensures that all participants are using the latest version of the Cypherium network, which includes enhanced features and security improvements.
Cypherium's involvement with the Digital Monetary Institute of the Official Monetary and Financial Institutions Forum (OMFIF) is another significant development. This collaboration allows Cypherium to participate in discussions and proof-of-concept projects focused on the future of finance and payment systems. By working with global financial authorities, Cypherium aims to influence the development of next-generation financial infrastructure.
Furthermore, Cypherium has signed a Memorandum of Understanding (MoU) with Suzhou City in China. This agreement underscores Cypherium's commitment to exploring blockchain applications in various sectors, including government services and urban management. The partnership with Suzhou City is expected to yield innovative solutions that leverage blockchain technology for public administration and smart city initiatives.
Cypherium's approach to creating financial inclusion extends to its bifurcated identity-authentication system, which integrates with business applications, legacy transaction systems, and parallel blockchain systems. This feature ensures that Cypherium can cater to a wide range of use cases, from enterprise solutions to individual financial transactions.
Through these key events and strategic initiatives, Cypherium continues to position itself as a leading blockchain platform capable of addressing the needs of modern financial systems and fostering global financial inclusion.
Who are the founders of Cypherium?
Cypherium (CPH) stands out as a layer 1 blockchain protocol designed to bridge financial inclusion and operational efficiency for enterprises and institutions. The masterminds behind Cypherium are Sky Guo, Max Rye, and Dongjin Seo. Sky Guo, with a background in computer science and finance, serves as the CEO, driving the vision and strategic direction of the project. Max Rye, known for his expertise in blockchain technology, plays a crucial role in the technical development and implementation of Cypherium’s innovative consensus mechanisms. Dongjin Seo, with his extensive experience in software engineering, contributes significantly to the platform's architecture and scalability solutions.
The live Cypherium price today is $0.005073 USD with a 24-hour trading volume of $5,257.12 USD. We update our CPH to USD price in real-time. Cypherium is down 3.88% in the last 24 hours. The current CoinMarketCap ranking is #1628, with a live market cap of $1,942,798 USD. It has a circulating supply of 382,951,230 CPH coins and a max. supply of 8,428,000,000 CPH coins.