CyberMiles (CMT) is a blockchain that is focused on the e-commerce market. The idea is to open up the online market place, by allowing ordinary people to create and execute smart contracts. The question then arises, what makes it any different from Bitcoin or Ethereum? Well, CyberMiles happens to be more efficient than these two on multiple aspects. Just to give you perspective on how good CyberMiles is, here are 5 reasons why it dwarfs Ethereum, and has better chances of growth.
- It is cheaper
While Ethereum can be used in e-commerce, it gets more expensive as the network grows. This makes it inconvenient for use in large-scale ecommerce applications. On this front, CyberMiles is way ahead of the curve. It is designed to keep transaction costs low irrespective of the size of the network. This is part of what will drive its adoption in the multibillion dollar e-commerce industry and push up its long-term value.
- It supports multiple languages
For someone to develop a smart contract in Ethereum, they have to first learn solidity programming language. That’s quite limiting because it takes time to learn a new programming language and, more so, create a smart contract. Again CyberMiles (CMT) dwarfs Ethereum on this front given that it allows developers to create smart contracts in multiple programming languages. For instance, a developer can create a smart contract in Java, Java Script and Python. This places CyberMiles way ahead of the curve, when it comes to adoption in the e-commerce space.
- It has higher TPS than Ethereum
One of the most limiting aspects of Ethereum is that it is quite slow. This makes it inconvenient for launching large-scale decentralized applications, such as those created for e-commerce purposes. On this front, CyberMiles is way ahead given that it is over 100 times faster than Ethereum. This makes it the perfect blockchain for adoption in ecommerce, when compared to Ethereum. That’s a major plus to its long-term value.
- It has a proactive anti-bug mechanism
One of the greatest issues with Ethereum is that it is prone to bugs. This has happened to the network in the past, making it quite ineffective for large-scale applications. CyberMiles solves this problem because it has an inbuilt anti-bug mechanism. In essence, any funds on the CyberMiles blockchain can never be lost. And in the case that they get lost, there is a consensus mechanism for recovering them.
- Users can use Cyber Miles to release their own tokens
One of the best things about CyberMiles (CMT) is that it enables users to execute smart contracts using the CyberMiles token. This is one aspect to CyberMiles that could see it get adopted by a wide range of entities looking to make use of smart contracts for e-commerce purposes. Besides, CyberMiles (CMT) intends to launch in the United States, one of the largest e-commerce markets in the world. This in itself is great for the value growth of this crypto.
This information should not be interpreted as an endorsement of cryptocurrencies or a recommendation to invest. Historic performance is no guarantee of future returns. As an investment class, cryptocurrencies are speculative investments and investing in cryptocurrencies involves significant risks – they are highly volatile, vulnerable to hacking and capital loss and sensitive to secondary activity. Before investing you should obtain advice and decide whether the potential return outweighs the risks.