Providing the building-blocks for the future of applications
Bringing Blockchains Mainstream
We're focused on addressing key shortcomings of current public blockchain infrastructures. Presently, transaction scalability comes largely at the cost of decentralization, and the commercial adoption of blockchain technology has been impeded by insufficient infrastructure. By providing fundamental building blocks for developers to create groundbreaking applications, and an intuitive interface for users to access these functionalities, we aim to provide a comprehensive foundation for the future of blockchain technology.
Cypherium is a highly scalable & permission-less hybrid blockchain platform based on proof-of-work and Byzantine fault tolerance consensus. The design goal of Cypherium focuses on achieving the apex of scalability, decentralization, and commercialization viability.
Cypherium’s unique consensus mechanism provides unprecedented transaction throughput and contract execution time through PBFT, while leveraging an ASIC-resistant PoW system for decentralized node election. By providing fundamental building blocks for developers to create groundbreaking applications, and an intuitive interface for users to access these functionalities, Cypherium aims to provide a comprehensive foundation for the future of blockchain technology.
Building off Bitcoin-NG and ByzCoin protocols, Cypherium is optimized for both on-chain scalability & mineability through a hybrid PBFT/ PoW consensus mechanism.
The new block is then broadcasted to all nodes
How it works
The leader node (crown) proposes a block, waiting to be verified by validating nodes
If 2/3 quorum is reached, the block is accepted into the blockchain
Honest nodes will reject messages from nodes without PoW
Cypherium hence achieves unprecedented scalability by electing the voting committee to separate PoW from the transaction verification process; with bandwidth limited only by the capacity of the individual nodes and latency limited only by the propagation time of the network.
Sybil attacks practically impossible
No minimum fees for smart contract execution
A highly scalable blockchain - thousands of transactions per second
No waiting on transaction confirmation
No fixed block size
What is Governance?
Cypherium’s governance is composed of multiple layers, where protocol level governance and application level governance are separated. While protocol layer is decentralized, it could support centralized application layer suitable for situations that requires such measure like central bank issued digital currency.
Distributed Version Control
Upgrading all nodes through distributed protocol. This is the embodiment of the foundation of governance model
Duo sandbox custom made for smart contract; one for testing and one for deployment to ensures security
Implemented as ED-25519. Faster, smaller, and more reliable than the current ECC algorithm
An interview with Richard Jacob on Cypherium’s decentralized technology and its application.