Lead blockchain cryptographers have banded together with experts from companies such as Google, Amazon & Microsoft to create Cypherium. Building off Emin Gun Sirer and Bryan Ford’s work on the Bitcoin-NG and ByzCoin protocols, Cypherium aims to be a market-ready solution for scalability. Cypherium is comprised of experienced technologists possessing extensive background in cryptography, decentralized networking and software architecture.
Cypherium will be leveraging a hybrid PBFT/PoW consensus mechanism to provide optimal on-chain scalability, enabling thousands of transactions per second. This novel consensus mechanism adopts the idea of decoupling key block mining from micro blocks for faster transaction processing, first pioneered in Bitcoin-NG. Cypherium also borrows from ByzCoin to elect a group of validators from recent key block miners, ultimately allowing said groups to commit transactions collectively.
Additionally, Cypherium has a light-weight sandbox environment that separates testing and production, while supporting consensus self-upgrades. By bringing governance on chain, Cypherium will avoid hard-forks and ultimately allow network participants to adaptively adjust transaction block sizes as well as other proposed protocol upgrades.
|Total raised||25,000,000 USD|
|Token supply||200,000,000 CYPHER|
|Fundraising Goal||25,000,000 USD|
|Restricted countries||China , United States of America|
|Know Your Customer (KYC)||Yes|
- Idea born
- Won 3rd place at the first ever blockchain hackathon sponsored by the US government
- Invited to Congressional Blockchain Education Day
- ICO launch
- ICO ends, token listed in exchange
- Test net ready
- Main net ready
|Total raised||25.0 million USD|
|Alexa rank||170,800 th|
|Bitcoin Talk views||8,263|
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