Introduction
Ever since the introduction of virtual assets, the expert people who took part in the process have known that the use of the cryptocoins would go a long way in the community. The DLT also have found its applications in so many ways in both currency and non currency use but it's roles in bringing up the online shopping sector will have handles by this protocol called CyberMiles. The project on its own is very much ready for the new turn around it would cause in the community through the use of all its solution components to achieve a good shopping network for all. It will be making use of contracts majorly to redefine the way commercial entities operate and provide services and will do much more to ensure that sphere is fully revolutionized.
WHAT IS CYBERMILES?
It is a big protocol with series of interesting codes for many companies to use and have a perfect operation in the online shopping sectorm. It will be the new smartcontract deployer for enterprises now and through that it would be ensuring that users have the best protocol for security through the contributions of its token (CMT) and a perfectly decentralised economy. It will be seen to have some similarities to the existing Eth but as a matter of fact well loaded than it in the aspect of ecommerce in achieving the perfect settlement of customers in the community. Its users are already scaling up to the millions by the day and that means it will have quite a lot of operations to execute per seconds of which it will not be hampered by any one neither will it slow down the rate at which it delivers its efficiency.
THE MODE OF OPERATIONS OF CYBERMILES
This protocol has a number of benefits to be enjoyed through its very reliable structure and it will be able provide the users with loans when they demand loans. The loans in this case will have to be given by another user of the protocol with both of them having their profiles set in the protocol and guided by a contract that ensures that they are both good to go in such scenario. As both the lender and borrower already have their reputations recorded as well as their full bio-data on the DLT, the contract or agreement that binds them will make them able to exchange necessary credentials and go ahead with the process giving and receiving the loans. This type of program is very secured by the protocol because both of them can have their financiaI processes commencing from that activity. With this design, the community of cryptocurencies and the shopping online will take a new form, distrubution of goods will be enhanced by the protocol for companies and all other activities that relates in one way or the other with online shopping will feel the impact of CyberMiles.
Online trades will be done differently and in a more secure and benefitial way such that the goal of this network will be achieved without much struggle because of the tech that is being employed.
THE ADVANTAGES OF THIS PROJECT
Other existing ecomy company will be able to function on this one. They will become an automatic subset of this innovation and be secured on every of their operations on it. This will be possible with the use of the CMT token
There is going to be an endless sea of smartcontracts in this ecosystem that cannot be exhausted. As they exist on this ecosystem, they will be maintained and used rightly alongside useful modules.
Encryptions will be the style for storing users credentials and all other data that should be kept in the community. This will ensures the proper keeping of the credentials and provide real protection for them.
All kinds of applications of the online shopping will work on this protocol. This will include the old models and the new while the ICO will also be supported on the ledger chain tech. The system will be subjected to a 5miles customer to customer market to boot it and then new apps or contracts will be made available for any entity to use. Activities that are done financiaIly in the protocol will be managed very easily in it and at the same time, the CMT token would take part in those operations for companies involved.
CONCLUSION
The token will either be used as a form of payment or a way to bypass the heavy billings from any operation done on other protocols. Store owners will begin to enjoy the automation of their tedious tasks while they will just relax to see how all the operations are handled with no much effort inputted by them. Then connecting to all chains of the different process in the online shopping network will become very easy through the contracts that are involved in those kind of works.
USEFUL LINKS
Website: https://cybermiles.io/
Whitepaper: https://cybermiles.io/en-us/cmt/whitepaper/
Telegram: https://t.me/cybermilestoken
Twitter: https://twitter.com/cybermiles
Facebook: https://www.facebook.com/cybermiles
Beginners Tutorial: https://www.cybermiles.io/en-us/blog/hello-world.
AUTHORS DETAILS
Bitcointalk username- Uju4real
Bitcointalk profile link- https://bitcointalk.org/index.php?action=profile;u=2202971
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