Hello to all members of this wonderful crypto community, in this my write up today I will be sharing another incredible achievement in the world of blockchain innovation towards bringing the technology to be adopted by the masses in their everyday lives. The focus of it will be on data migration of the already operational 5miles ecommerce platform with more than 15 million users in the US into Cybermiles blockchain protocol built for decentralized ecommerce adventures.
About 5Mile
As you may know, 5miles has been in presence since 2014 and effectively working before 2017, 5Miles was created so as to change the current commercial center and enhance internet business sector giving purchasers and dealers chance to appreciate issue free transactions. To accomplish this point, 5Miles has been effectively in research, improvement and headway of the blockchain innovation and the utilization of cryptocurrency and how the interesting highlights of the blockchain innovation which incorporate straightforwardness, decentralization, immutabity, trust and security could be utilized in giving solutions to challenges confronting the ecommerce business sector globally.
5Miles is not strange to ecommerce business and they have existed for more than 15 million customers already who are using their platform. The centralized application of 5Miles is rated by users in the United States as one of the ten most used shopping application in the country and this rating was done by calculating the amounts of time people spend on it daily which is 24 minutes per day by at lease 5 million people and with this, it's regarded to be among the 10 most used e-commerce applications in the United States. Also, when it comes to sale annually 5miles is not doing that bad because they do sell more than 3 billions yearly and this show that in the nearest future, they will soon be among the top 5 most used e-commerce platform in the United States.
About CyberMiles Blockchain & Its Outstanding Features
5MILES intended to be the primary ecosystem to use on the highlights of the blockchain innovation to give clients an extraordinary encounter utilizing cryptocurrency. Considering this, Cybermiles establishment had made a token known as CMT (Cyber miles Token that runs on the ecosystem. CMT was initially based on the Ethereum blockchain , yet after much research , the team found that none of the current blockchains could give the correct limit that will almost certainly handle the immense transactions that happens on 5miles ecommerce platform. This is on the grounds that they were not made with highlights that can deal with that, and the present usage of smart contracts are too achaic to deal with so colossal web based business exchanges.
Consequently they develop their extraordinary cutting edge blockchain protocol CyberMiles ecosystem, with remarkable highlights and a high limit and a smart business contract that will empower a decentralized online business transaction. Likewise, the new CyberMiles blockchain is intended to successfully, securely, safely oversee activities of users on the platform. I won't likewise neglect to make reference to that the CyberMiles blockchain protocol is so inventively intended to utilize ( PoS) concensus which successfully underpins more than 40 thousand transactions in a second and other imaginative highlights .
The Migration Of 5Miles Data To CyberMiles Blockchain
With the partnership between CyberMiles and 5miles, CyberMiles has been able to migrate 5miles platform data which includes its users based and products details to the newly created CyberMiles blockchain protocol customly built for ecommerce business. Through this data migration, 5miles users will be able to transact on the new decentralized system and enjoy all the numerous benefits that comes with the innovative blockchain technology. The smart contract address of this awesome feat is 0xa3f1e99c46d1d7e6cc96f71b6116cee8160fa4d3 and it was successfully done on the 9th of May, 2019.
I also need to let my readers know that as a new blockchain platform, it will also have its own coin which will platform its operations so there will be exchange of CMT token which was created on ethereum Blockchain network as ERC20 token with the new CyberMiles coin which has been done in October last year when they launched the platform Mainet before this new feat of Data Migration. For more information about this, you can go through any of resources links that I will add at the tail end of this article.
Conclusion
This 5MILES migration of its entire data into Cybermiles blockchain network worth sharing with members of this community and it is one of the feat in the industry which will accelerates the innovation of blockchain technology and its decentralized currency. With this, merchants and online shoppers on the platform will be able to enjoy all the goodies of blockchain technology and be part of the new digital world order. I therefore persuade every member of this community to take a look at this and share it with others.
Links To CyberMiles Resources
http://www.cybermiles.io/
https://cybermiles.io/en-us/cmt/whitepaper/
https://bitcointalk.org/index.php?topic=2344875
https://bitcointalk.org/index.php?topic=3179247
Bitcointalk Username: ichazumi
Bitcointalk Link: https://bitcointalk.org/index.php?action=profile;u=1719852
ETH address : 0x8D28f4f2caA709B5A9973442A1861dEf030A5a8f