About Cypherium Airdrop
Cypherium Airdrop is a highly scalable & permissionless blockchain platform, with a hybrid consensus mechanism that utilizes both proof-of-work and HotStuff Byzantine fault tolerance. The software is designed to achiee commercialization viability through maximizing both decentralization and scalability, without sacrificing one for the other. Unlike many second and third generation blockchains.
Cypherium abandon Satoshi Nakamoto’s original permissionless, trustless consensus mechanism, we at Cypherium try to build on the valuable innovations of previous blockchains. Cypherium’s unique consensus mechanism provides unprecedented transaction throughput and contract execution time through HotStuff, while leveraging an ASIC-resistant PoW system that maintains a thoroughly decentralized node election.
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Mining in traditional Proof-of-Work protocols like Bitcoin takes on two related yet distinct functions. First, mining involves electing a leader who is responsible for generating the newest block. The second function consists of verifying the transaction data that exists within the block body. However, there is nothing inherently beneficial about using a single process to complete both of these actions.
Cypherium Airdrop technology separates these two processes into two distinct blockchains in order to improve the efficiency of both. An election chain chooses Proof-of-Work leaders to write new blocks, while a transaction chain uses HotStuff consensus to verify the transaction data within those blocks. Building off Bitcoin-NG and ByzCoin protocols, the Cypherium blockchain is optimized for both on-chain scalability & permissionless mineability through this hybrid approach to consensus.
CBDC Update: The New Trillion-Dollar Opportunity
Approximately $37 trillion USD in circulation around the world. In the next few years, we believe that all paper fiat currencies will be digitized. Cypherium is integrating its solutions to the newly realized CBDC financial system and will capitalize in this multi-trillion dollar market opportunity.
The Season of Killer Apps
We have already shifted our focus from general consensus about “thousands of TPS”, “blockchain trilemma”, or “sharding” to real killer apps, which are considered the Holy Grail of blockchains.
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