CyberMiles is the empowered decentralized online marketplace that has been working as a blockchain network for cryptocurrency transaction. They have made the service easier for e-commerce sites by launching Smart Contracts that have been activated by Travis TestNet.

It has already in use as validators nodes. CyberMiles has Open Source of software available to run full node. It is very useful for cryptocurrency network services as it ensures security by preventing scams, spam, false advertising, conflicts of interest, and network degradation. The foundation of CyberMiles has a vetting process for validators for the community members. With all these ideas advancement they have created an ecosystem that works for the betterment of the e-commerce site holders.

CyberMiles Foundation

The ecosystem for CyberMiles in envisioned to be a community of partners. It includes blockchain node operators, validators, service providers, marketplace operators, businesses as well as the end users. The organization also provides and utilizes the network services in exchange for CMT on the platform.

The foundation is intended as an independent, not-for-profit company. It also maintains and facilitates the democratic governance for the members of the ecosystem. They have a mission to decentralize c2c marketplace platforms and developing blockchain solutions for the real world and online marketplace applications.

Structural Principles

The CyberMiles foundation has three structural principles that make their service providing much more rational. The three principles are:

1. Impartiality: CyberMiles have developed this principle into three stages:

• It has exclusively managed to develop the CyberMiles blockchain applications

• It has separated all the legal entities from 5miles and from any other member company as well

• It also acts as independent for the directors of 5 miles and also well-respected within the technological community

Not-for-Profit Governance: CyberMiles has made their not-to-profit governance in three ways:

• It serves the interests of CMT holders for developing a robust and scalable system

• It has made up the collaboration with 5miles on arms-length commercial agreement based

• It has issued tokens and also distributed that has been managed by the CyberMiles foundation

1. Strong Governance: CyberMiles also has built a strong a governance among the ecosystem that has been processed in four steps:

• The foundation is separate from the legal entity and it also has distinct operations. It also has its own governance framework

• They are being advised by the top-tier professionals

• The foundation has been implemented with the best practices from the other established foundations

• They also have additional measures in the response to regulatory changes and requirements.

CyberMiles foundation also follows some functions for making the organization work at its absolute phase. The functions include:

• An open governance of the resources they have together with the other ecosystem partners

• The support and advanced technology that relates to the CyberMiles blockchain with Network’s implementation

• The matters that are related to the membership ecosystem

TESTNET of Cybermiles

CyberMiles TestNets are to honor heroes of the Texas Revolution. They are to acknowledge our roots in Texas, and the revolutionaries and misfits who changed history. William B. Travis is a commander of the Republic of Texas and a lieutenant colonel in the Texas Army.

He died at the Battle of Alamo, where he famously wrote the letter, ‘Victory or Death. The CyberMiles Foundation has a vetting process for validators to ensure that the community members have the accurate information before voting/staking for validators. Subsequently, all validator candidates are voted up by the community to become official validation. Cybermiles software is Open Source and available from Github. You are welcome to run a full node and make yourself a validator candidate. To prevent scams, spam, false advertising, conflict of interests, and network degradation

CyberMiles foundation has been assisting with the governance throughout the network development. The assisted governance includes a decentralized platform with strong involvement by the members of the ecosystem. They are on their way to ensure the security and trusted into the business services for and by the members of the ecosystem.

Website : http://www.cybermiles.io/ Whitepaper : http://www.cybermiles.io/vision/ Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=1151852