African CBDCs To Integrate Cypherium Blockchain Solutions For Enterprises in 2022

in #cypherium3 years ago

Disclaimer: This is not intended to be an advise, but for information use only. Be guided by the information therein which also point you to the official links for a more detailed information about this products. Give due diligence to do your own research well. Enjoy as you read.

Keywords: Cypherium, Financial Interoperability, CBDC,

Good News: Exit Inefficiencies
One reason that necessitate the writing of this short piece is to break the good news clouding the business enterprises across the continent of Africans having seen ineffectiveness in operations of institutions and enterprises, as various aspects of governance, financial institutions, business enterprises have suffered several setbacks over the decades. In a bid to break out of this menace, individuals, banking institutions, government authorities of African countries are venturing into integrating operational aspects of governance and enterprises to adoption of Cypherium Hybrid Blockchain Solution, considering the core advantages it provides enterprises and governance in handling efficiencies issues. That makes a serious consideration for choosing Cypherium method of creating financial inclusion between enterprises, banks, government institution beginning with DCIF, meaning Digital Currency Interoperability Framework, which is cypherium propriety achitecture for permitting any asset on-chain or cross-ledger.

What is CYPHERIUM?
Let me put it this way, for understanding

CYPHERIUM is a layer 1 blockchain protocol with charging objective to deliver institutional and enterprise efficiency in operation for all their partners both now and prospective partners including offering financial solution to local and international businesses and institutions.

This Cypherium Blockchain makes use of hybrid consensus mechanism to achieve the commercial resourcefulness and viability while sustaining all necessary features of decentralization and DLT (Distributed Ledger Technology). Let me say CYPHERIUM IS THE EVOLUTION OF DECENTRALIZE FINANACE. How?

Cypherium is highly scalable, permissionless hybrid blockchain which is based on PoW (Proof of Work) and of course Byzantine fault proof consensus. This does not mean it is to be classified as security as this may block your interconnected advantages in this hybrid blockchain, even though it is Byzantine faulty tolerant.

Cypherium have a method of creating financial inclusion between enterprises, government, financial banks, even individuals beginning with our Digital Currency Interoperability Framework.(DCIF), which allows any asset at all including our Central Bank Digital Currencies (CBDCs) to get receipt and distributed on-chain or cross ledger.

ADVANTAGES YOU GET ON CYPHERIUM BLOCKCHAIN
● An instant ledger to process real-time transactions for billions of users.globally
● A smart contract platform to enable enterprise use cases for all industries.
● A trusted database and queries to connect CBDCs, digital assets, and dApps around the world.
● An open network to enfranchise any participant or contributor.
● A secure vault to combat the increasing threats to data privacy.

CYPHERIUM create a true financial interoperability i.e. not just for a singular asset but for all assets because it interoperate on-chain and cross-ledger. This is what I am saying, it is good to have Bitcoin, Ripple and others which run on their own chains in their own wallets. But it becomes a problem where I cannot pay staff salaries in ethereum to bitcoin wallets which ultimately shows inefficiency of the bitcoin ledger as it is incompatible with ethereum assets, and vice versa.

With CYPHERIUM Hybrid Blockchain, that true financial interoperability is been taken care of because the Cypherium Blockchain Ledgers allows all financial assets to go through up to billions of users globally. This is much better than what we have been battling with. That was why I earlier said the enterprise operations was inefficient and needed a blockchain solution that is scalable, and offers true financial interoperability. That is CYPHERIUM.

This interoperability protocol will be the quickener or catalyst for this new generation of blockchain technology more effective than former generation Bitcoin, Ethereum, whereby innovative assets like CBDCs, existing digital assets, as well as-yet-to-be tokenized legacy assets like real-estate, securities, and equities can be easily exchanged across one decentralized ecosystem. Can you see the future of enterprises here?

INNOVATION THAT DRIVE CYPHERIUM

Everything that is great rides on innovations. Innovation comes in the long period of innovative thinking. In the case of Cypherium, interoperability protocol paid the price for this innovative protocol for three (3) years to develop. Let me share some of this innovation with you, dear readers,

LEVERAGING THE LEGACY WEB: Cypherium smart contracts are written in Java, most popular computer programming language in the world. Cypherium is compatible with Ethereum’s solidity, but by adopting Java as its programming language, the Cypherium network introduces the Java community of developers and machines to this decentralized ecosystem. This is important step for the crypto community toward achieving scalable adoption.
The Cypherium Virtual Machine (CVM), which was used to execute the smart contracts, added to achieving scalability. The CVM is based on the Dalvik architecture formerly used in Google’s Android operating systems. It is lightweight and operable in mobile systems, unlike the current standard smart contract virtual machine of Ethereum, which is more centralized, and so, slower. This architecture, along with fixed-point representation allows Cypherium smart contracts to run on devices as simple as chip-bearing cards.
Other primary innovations of the Cypherium Virtual Machine include faster data types and built-in safety checks. All Ethereum Virtual Machine data types are based on 256-bit words. Cypherium Virtual Machine supports native 64-bit integers, which are exponentially faster than the EVM. Cypherium also performs safety checks at the virtual machine level. So, vulnerabilities commonly found in EVM are detected by CVM.

CYPHERIUM ENTERPRISE: As opposed to this public chain, Cypherium Enterprise private blockchain use as an enterprise solution for the immanent 2.0 era. Several organizations can participate in this kind of blockchain, where permissions can augment pre-existing governance where you enjoy efficiency in decision making, faster transactions, greater autonomy and stronger data confidentiality are few benefits this technology offer to private organizations and industries.

INDUSTRY INTEGRATION where Cypherium have demonstrated our technology through a use case with Randstad, one of the world’s largest HR providers. Cypherium have established partnerships with IC3, Google Cloud, IBM, AWS, Microsoft, OMFIF, US Faster Payments Council, and most recently, Chainlink. What is more?

In summary, 2022 is a time African countries are waiting for as there is going to be a major shift in adoption of digital assets and currencies. Not only adoption of cryptocurrencies but also enterprises and instition shall be integrating their processes into this hybrid blockchain innovation stated above.

As I drop my thoughts, I hope you see the greater efficiency awaiting you with the true financial interoperability opportunities you get with CYPHERIUM, considering this detailed report herein. Thanks for coming to the end.

For more details on CYPHERIUM: Kindly consult and make your enquiries only with the below listed links

Official Website: https://www.cypherium.io/
Twitter: https://twitter.com/cypheriumchain
Telegram Group: https://t.me/cypherium_supergroup
LinkedIn: https://www.linkedin.com/company/cypherium/
Instagram: https://www.instagram.com/cypherium_official/
Medium: https://medium.com/cypherium
Reddit: https://www.reddit.com/r/Cypherium/