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Cypherium Information

Cypherium Blockchain
Founded2017
Founder Sky Guo ( CEO)
Headquarters
United States
Products
Website www.cypherium.io

Cypherium is a New York based third-generation blockchain startup and smart contract platform, that focuses on enterprise blockchain. In 2017, Sky Guo ( CEO) founded Cypherium with the aim of repairing existing shortcomings in blockchain technology, which prevent widespread adoption by organizations and industries [1].

The company, that has established partnerships with all the tech giants - Google [2] [3] [4], Microsoft [5] [6], Amazon [7] [8] and IBM [9] [10], has developed the world's first cross-chain interoperability solution and has developed a solution to facilitate interoperability between Central Bank Digital Currencies (CBDCs) [11].

Overview

Cypherium has branded itself as an enterprise blockchain intrastructure platform. Cypherium is a highly scalable and robust smart contract platform, their hybrid design features an improved Practical Byzantine Fault Tolerance (PBFT) consensus mechanism that can achieve thousands of transactions per second [12] [13]. Cypherium uses a combination of proof-of-work and HotStuff consensus algorithms (also used by Facebook’s Libra project) [14].

Cypherium Token (CPH) serves to allocate network resources to participants.Cypherium's Gas mechanism resemble to Ethereum's and charge a smart contracting fee, and each CPH represents one share of the total network resources [15] [16].

Cypherium Virtual Machine (CVM) for smart contracts runs on Java ( Dalvik architecture), the most widely-utilized and reliable programming language in the world [17].by using this type of lightweight architecture Cypherium virtual machine is enable to operate on mobile devices too [18].

CypherSwap a cross-chain compatible Decentralized Exchange (DEX) based on the Cypherium public chain.CypherSwap is expected to launch by the end of 2020 [19] [20].

Cypherium goals

  1. To enable enterprise use cases for all industries with smart contract platform [21].
  2. To create a secure vault to combat the increasing threats on data privacy [21].
  3. To connect isolated data islands around the world to a trusted database [21].
  4. To create an open network to enfranchise for everyone [21].
  5. To create an instant ledger to process transactions for billions of users in real-time [21].

History

Cypherium was founded in 2017 [22] by former software developers at Google, Microsoft, Amazon and Tencent, whose expertise encompasses cryptography, virtualization, network security and artificial intelligence [23] [24]. The company raised 32$ million in capital via token (CPH) sale constitutes three rounds [25]:

The first round was conducted in early 2018 (Institutional participants, notably Pantera Capital and Blockfolio, and the Founding Community) - 24$ million [25].

The second round was the Final Pre-sale that was opened in September 2020 [26] [27] [28] - 4$ Million [25].

The final round was the Public sale in Q3 - 3.5$ Million [25].

Cypherium Mainnet Has Launched on October 31, 2020 [29].

Major Events

In January 2018 Cypherium and IC3 declared on their partnership and their goal to develop new blockchain scaling solutions and to advance the integration of blockchain technology as a service [30] [31] [26].

In January 2019 Cypherium begun their Public test net and explore. on that test net launch Cypherium also presented the public release of the Cypherium Virtual Machine (CVM) [32] [33].

In May 2019 Cypherium, IBM and Amazon declared on their collaboration [34] [35] and in June 2019 the partnership with The Federal Reserve (the central bank of the U.S., that being in charge of the country’s monetary policy), has declared [36].

In August 2019, Google has announced on their partnership with Cypherium [37] [38] [39] [40].

In February 2020 Randstad has begun testing a combination of the Cypherium blockchain and Google Cloud in their platform [41] [42] [43] [44].

In April 2020 Cypherium joined Microsoft for Startups program to explore new use cases and becoming a part of the company’s blockchain as a service [14]. In may 2020 OMFIF and Cypherium declared on their partnership [45].

In July 2020 Suzhou City Municipal has signed a MoU with Cypherium to advance the city's development of blockchain Infrastructure [46] [47] [48] [49].

Cypherium Listed in August 2020 as a preferred startup at Société Générale’s Startup-Flow, the company will be invited to submit a proof of concept to introduce its innovative technologies to facilitate global CBDC interoperability [45] [50] [51] [52] [53].

On December 10, 2020 Cypherium participated in the "Future of Payments" panel that hosted by OMFIF, which was attended by PayPal, Master Card, S.W.I.F.T, Grab, Algrond, Citigroup and Novi [54].

Im 2021, Cypherium will participate in The FedNow Pilot Program that has formed by the Federal Reserve [55]

Team

Executive Team

Business Team

Advisors

2017 - Present

2019 - Present

2020 - Present

References

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External links

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