CyberMiles CMT
$0.0063 1.65%
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Updated at 12:55$0
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$0 100%
-$0.0001 1.65%
-$0.00008 1.32%
What about CyberMiles?
CyberMiles (CMT) is a public blockchain designed specifically for e-commerce. It was developed by 5miles, a leading online marketplace platform, and aims to address the challenges faced by existing e-commerce platforms such as high transaction fees, slow transaction speeds, and lack of trust.
CMT uses a Proof-of-Stake (PoS) consensus mechanism, which allows for faster transaction processing and lower fees compared to Proof-of-Work (PoW) blockchains like Bitcoin. This makes it ideal for use in e-commerce, where fast transaction processing and low fees are critical.
One of the key features of CMT is its Smart Business Contract (SBC) system. This system allows businesses to create and execute complex smart contracts on the CMT blockchain. These smart contracts can be used for a wide range of purposes, such as facilitating payments, managing inventory, and tracking shipping and delivery.
Another notable component of CMT is its Decentralized Identity (DID) system. This system allows users to create a unique digital identity that can be used to securely and transparently manage their personal data and transactions on the CMT blockchain.
In addition, CMT has a built-in reputation and review system that allows buyers and sellers to rate each other based on their transaction history. This helps to build trust between parties and encourages honest and fair dealings.
CMT also has a number of partnerships with leading e-commerce platforms and marketplaces, including 5miles, Mercari, and Gifto. These partnerships help to increase the adoption and use of CMT in the e-commerce industry.
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