DUAL INFASTRUCTURE
CYPHERIUM BLOCKCHAIN
CYPHERIUM PLATFORM — AN IMPROVEMENT FOR THE CHAINLINK SYSTEM
The aim for the development of advanced technologies is for the improvement of the world system, as it will help change the way things are done in the different sectors which constitute the global system.
The Blockchain for instance, has been developed to drive the digital revolution as well as elevate the global financial system, and right from when it was created, a lot of financial tools have been developed, which are being used in the different financial systems to better their performance.
Numerous platforms have been birthed through the emergence of the Blockchain, all of which are meant to add more value to the global system and its users.
CYPHERIUM BLOCKCHAIN EXPLAINED
Cypherium platform is a decentralized and highly scalable smart contract system which has been developed to provide the necessary Blockchain features such as security and scalability, with which systems can leverage on, to improve their systems.
Cypherium unlike the other Blockchain systems who use just a single and an inefficient consensus mechanism, Cypherium uses a hybrid Proof-of-Work (PoW) and HotStuff consensus, with a high processing capability as well as an intriguing speed.
Its scalability feature allows it to be improved when need be, and this feature ensures that it is made accessible to millions of users, all over the world.
Cypherium can be considered as the next generation Blockchain system, which when integrated into different systems, will enhance their performance.
CHAINLINK ADOPTS THE CYPHERIUM BLOCKCHAIN
Chainlink, a fully decentralized Oracle network which is designed to give Blockchain smart contracts, the ability to gain unrestricted access to different data feeds, especially off-chain feeds, which will help systems perform effectively in their different operations. It provides oracles for consistent and reliable data to numerous platforms, in a secured way.
It has indicated its interest to adopt the Cypherium Blockchain, an interest which was made known in an announcement issued by both systems on its different channels.
Chainlink will adopt the Cypherium Blockchains, instead of the numerous Blockchains in the industry because Cypherium possesses the features and capabilities which it needs to function effectively.
Features such as high speed of processing transactions offered by the Cypherium Blockchain, which reduces the user’s wait time, as well as high transaction throughput which gives it the ability to process thousands of transactions at a time, are few of the reasons why Chainlink has resolved to exploiting the Cypherium Blockchain.
This will ensure that the global users of the both Chainlink and Cypherium oracles have access to smart contracts which are fully functional and a state-of-the-art security as well as a possibility for real life use be created for the benefits of the users of the Chainlink system.
BENEFITS OF THE PARTNERSHIP
High transaction capabilities will also become possible through the adoption of Cypherium, as it will help the Chainlink system to execute multiple operations at a time and with a great speed, reducing the time that the users have to wait during transactions.
Privacy and security of operations carried out are also ensured by Cypherium, seeing as it is important to protect the user’s interest.
Cross-chain transactions will now be possible as facilitated by the Cypherium smart contract system, allowing for data feeds to be gotten from different sources, with ease.
CONCLUSION
The partnership between Cypherium smart contract system and the Chainlink oracle network, will facilitate the creation of advanced smart contract oracles which are indeed efficient to handle digital transactions, to the global masses.
This will ensure that the global users can benefit greatly from the services of the Chainlink platform and the Cypherium smart contract system, as it adds more values to both systems.
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