CyberMiles (CMT) is currently ranked as the 95th best cryptocurrency as per the official ranking list, counting over 63 million dollars in market capitalization with promoting decentralized blockchain –based e-commerce environment.
CyberMiles is said to be able to process over 10.000 transactions per one second, represented as a unique environment that can match the high demands of e-commerce transactions.
CMT is also showing signs of progress against the dollar as it marked almost 10% of gains during the last 24 hours as recorded on August 23rd, despite the fact that the market is still acting sluggish on the majority of currencies.
CyberMiles E-commerce and CMT
CyberMiles blockchain and CMT tokens were introduced back in October of 2017 as a unique ecosystem for e-commerce, announcing CyberMiles (CMT) project as the next generation of Ethereum smart contract operations.
The team behind CMT claims that the new technology for smart contract execution, Smart Business Contract technology is set to become the next powerful thing in the domain of smart contract operations. The team plans on achieving the mentioned goal by offering easy-to-use tools available through CyberMiles network that allows users to create a decentralized application for business and e-commerce purposes.
During the announcement of CMT as the initial coin offering almost a year ago, the team behind CyberMiles also added that their decentralized e-commerce network has an integral partnership with 5miles, which brought the network 12 million users based in the US to the CMT e-commerce network.
Moreover, the network is set to provide a safe and secure experience without a central data center, so all users can enjoy the perks of decentralization as the network is offering user identity management as well as enabling credit history records, simultaneously providing users with fast transactions through the network.
Transactions through the CyberMiles environment can be made with the native token, CMT and the team behind the project claims that the network is able to process around 10.000 transactions per one second.
To ensure the users are able to take advantage of all the perks of e-commerce collided with blockchain technology, CyberMiles network, just like Ethereum (ETH), enables users to create and issue their own ICOs through using CMT tokens, which additionally contributes to an increased value of the project.
To ensure that all the requirements of e-commerce are met through the network, CyberMiles also enables peer-to-peer transactions between financial institutions that are supported through the system, and e-commerce market, presenting a promising blockchain-project to a seemingly growing number of users and investors.
CyberMiles Presents a New Programming Language for Smart Contract Development
In order to improve efficiency, performance, dynamics, as well as to enhance security in the segment of blockchain-based VM technology, CyberMiles (CMT) announced adding a new programming language to the network.
The new programming language represents a unique and fully functional extraction from Solidity, while enabled to run the existing applications on the network which are based on Solidity, without requiring additional changes in the network.
The program extraction is called Lity, and this programming language actually consists of a compiler, extensible dynamics, and VM runtime.
With the new programming language, the overall performance of smart business contract operations is significantly improved, while making up for a safer option when compared to Ethereum smart contract technology, as claimed by the team.
Additionally, Lity merges Library and the native interface of Ethereum, which makes smart contract operations faster and better-performing. The team was also able to identify the basic functionality issues that are said to be found within Ethereum smart contract operations, creating Lity with the idea of preventing such security issues.
Since Lity programming language can be easily modified with new language constructions, this language is considered to be extremely flexible, thus making a perfect option for business-ready decentralized applications for e-commerce.
CMT in the Market
Despite the bearish market, CMT is seen progressing against the dollar as it had collected gains of nearly 10% in a single day, while also going above ETH and BTC by 8% and 9% on August 23rd.
CyberMiles (CMT) token met its all-time high of around 0.50$ back in January 2018 but has ever since seen a drop of nearly -85%, now being traded at the price of 0.091$.
During the course of the last 7 days, CMT showed quite a flattering progress despite the market crisis, collecting nearly 25% of gains.