Following weeks of diligent effort, we’re thrilled to announce the arrival of the eagerly anticipated mainnet upgrade. This marks a significant milestone, showcasing the innovative features our developers have meticulously crafted over the past few years. Given the scope and depth of this update, the development team has opted for a strategic migration of all coins to a new blockchain. This fresh platform is fully compatible with all Ethereum and Solidity tools, ensuring a seamless integration for developers.
Below, we outline the key features of Mainnet 2.0:
- ECDSA Integration
The Elliptic Curve Digital Signature Algorithm (ECDSA) stands as the premier signature algorithm within the cryptocurrency realm, utilized by major platforms such as Bitcoin and Ethereum. While Cypherium currently employs the Ed25519 signature, which offers numerous benefits over the traditional ECDSA, our commitment to enhancing usability has led us to embrace both algorithms. Notably, ECDSA’s adoption extends beyond the crypto sphere, evidenced by its use in digital fingerprinting for the EU passport. By incorporating ECDSA for Decentralized Identifiers (DID) and Real-World Assets (RWA), Cypherium is strategically positioning itself for broader mainstream applications.
2. Single Chain Architecture
The initial version of Cypherium, Cypherium 1.0, was characterized by a dual-chain architecture, comprising a key blockchain and a transaction blockchain. This innovative design was instrumental in preserving permissionless decentralization while simultaneously achieving scalability. However, it also introduced additional complexity and increased storage requirements. The revamped data architecture in the latest update consolidates these into a streamlined, logically unified single chain, enhancing efficiency and simplifying the overall structure.
3. Universal Interoperability
As cryptocurrencies and electronic payments gain widespread adoption, navigating the complexities of diverse ledger systems has emerged as a formidable challenge. The latest upgrade transforms Cypherium into a sophisticated mother-and-child architecture. This design enables virtual machines and smart contracts to operate seamlessly on child chains, while the mothership chain acts as the foundational layer for transaction verification. Furthermore, the ability for child chains to interconnect expands Cypherium’s usability and capacity, fostering an ecosystem where diverse applications and systems can effortlessly interact.
4. CypherBFT+
We’ve meticulously refined the communication protocols and state verification processes within the original CypherBFT consensus, significantly accelerating transaction speeds. This optimization, coupled with our streamlined single-chain architecture, has propelled Cypherium’s capabilities, enabling it to surpass a remarkable threshold of 200,000 transactions per second, with potential for even greater performance.
5. AI Infrastructure
Artificial Intelligence (AI) represents the forefront of innovation, captivating attention for its potential in the years ahead. Cypherium, maintaining its commitment to a Proof-of-Work (PoW) consensus mechanism, is set to continue amassing computational power. This power is not only pivotal for blockchain operations but also plays a crucial role in AI data training and provenance tasks. Cypherium is poised to empower AI developers by offering them access to its substantial computing resources, facilitating the creation of intelligent applications. We are actively investigating a “proof-of-useful-work” model, which aims to incentivize miners by rewarding them for contributing to successful AI training sessions. This innovative approach allows miners to allocate their computational resources to AI development efforts, receiving compensation for their contributions. This functionality is anticipated to be integrated into future iterations of Cypherium, marking a significant evolution in how blockchain technology supports and advances AI development.
6. Tokenization
The digital representation of real-world assets on the blockchain is one of the most significant applications of this technology. Recognizing its potential, central banks and international financial institutions are venturing into the tokenization of conventional paper currencies. Mainnet 2.0 introduces an enhanced feature set with customizable fields designed to store and manage critical information related to real-world interactions, including identity verification and asset ownership. This advancement not only elevates regulatory compliance but also facilitates seamless transactions across different jurisdictions, paving the way for a more interconnected and efficient global financial system.
In conclusion, the evolution of Cypherium through its Mainnet 2.0 upgrade heralds a new era in blockchain technology, addressing key challenges and unlocking unprecedented possibilities. By incorporating ECDSA integration, transitioning to a single chain architecture, and enhancing interoperability, Cypherium sets a new standard for efficiency and usability in the blockchain space. Furthermore, the introduction of CypherBFT+, AI infrastructure, and advanced tokenization capabilities demonstrates Cypherium’s commitment to innovation, offering scalable solutions and fostering a more inclusive and interconnected digital economy. These advancements not only solidify Cypherium’s position as a leading blockchain platform but also pave the way for future developments that will continue to shape the landscape of digital transactions and asset management. Onwards and upwards!
About Cypherium
Cypherium is a decentralized smart contract platform for bridging the web3 and real world, providing RWA solutions. Cypherium is one of the first blockchain companies with tangible blockchain applications, use-cases, and partnerships with industry-leading enterprises and government institutions.
