What Is Cypherium (CPH)?

Cypherium (CPH) is a blockchain protocol that contains a scalable and decentralized framework. Cypherium claims to lay a thorough foundation for developers to build innovative apps that may transform the business future, enterprise solutions, laws, and an involuntary user interface. As per the whitepaper, the platform has set forth five specific objectives to achieve:

1. An immediate ledger for processing real-time transactions for a vast number of users.

2. A smart contract forum to allow enterprise use cases for all industries.

3. A trusted database for connecting remote data islands around the globe.

4. An open network to give voting rights to any contributor or participant. 

5. A secure vault to fight the increasing hazards to data privacy.

As per the whitepaper, the blockchain design is subjected to scalability issues: only three to seven transactions can be performed per second, far below the number of transactions processed in other transaction-based systems. The most noteworthy disadvantage is its absence of finality. Finality suggests that once an action or transaction is executed on the blockchain, it is perpetually recorded and is impossible to change. 

Cypherium’s blockchain is developed to achieve commercialization viability by maximizing scalability and decentralization without sacrificing one for the other. Cypherium’s proprietary agreement algorithm, CypherBFT, seeks to overcome the disadvantages of the issues by delivering a dispersed transaction system that includes a validator nodes group known to each other in the network but unnoticeable to the different nodes in the network. The group of validator nodes is known as a committee of validator nodes. In some models, the system reconfigures one or more than one validator node in the committee based on the proof-of-work (POW) problems.

CPHtoken is native to the Cypherium platform. The traders utilize the CPH token for performing transactions to trade products and services.  The Cypherium platform was founded by Sky Guo in October 2016.