As of the most recent data, the price of CyberMiles (CMT) stands at $ 0.00287629. In the past 24 hours, CMT price has increased by +0.00%.
CyberMiles is a groundbreaking blockchain platform constructed to expedite swift e-commerce transactions. It's an innovation from the minds behind 5miles, a highly ranked e-commerce company and application in the U.S. With CyberMiles, 5miles plans on establishing the protocols and introducing a collection of smart contracts designed to shape the future of e-commerce. It manages to achieve these objectives through a high-throughput delegated proof of stake consensus and a unique virtual machine, much like Ethereum's Virtual Machine.
The CyberMiles project is an initiative taken by 5miles, one of the most prominent e-commerce applications in the U.S. Boasting a gross annual revenue of around $3 billion, 5miles has a strong base of 12 million users. They believe that CyberMiles will be a breakthrough in facilitating easy, secure and efficient e-commerce transactions.
CyberMiles uses a Delegated Proof of Stake (DPoS) consensus mechanism to facilitate faster confirmations and transactions. This consensus mechanism allows for high throughput, which is critical in e-commerce scenarios where there might be a significant amount of transactions every second. It also introduces a new virtual machine, much like Ethereum’s virtual machine which aids in executing complex interactions like advanced smart contract capabilities.
The success of CyberMiles depends largely on its acceptance by the 5miles user base. As 5miles is among the top 10 most renowned e-commerce applications in the U.S., the adoption of CyberMiles can be a significant step towards blockchain e-commerce. If a small fraction of the $3 billion transacted on 5miles begins to use CMT, it could be highly beneficial for the token as well as the concept of blockchain in e-commerce.
The current circulating supply of CyberMiles (CMT) is 800.0M, out of a total supply of 1000.0M.
CyberMiles (CMT) is available for purchase on the following exchanges: CoinEx, DigiFinex, Binance. Please remember to do your own research before investing in any cryptocurrency.
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