The Ethereum blockchain has become known as the platform of choice for cryptocurrency entrepreneurs. The open-source nature of Ethereum, along with its ease of development, has made it possible for cryptocurrency startups to build smart contracts, create decentralized autonomous apps (DApps), and launch new cryptocurrencies with relative ease.
Unfortunately, like most new technologies, the Ethereum blockchain has its share of problems. While there was early praise for the technical innovations of Ethereum, questions have been raised recently about its security and scalability.
After the popular CryptoKitties blockchain game was released on November 28 of last year, Ethereum experienced some of its largest network congestion to date. The CryptoKitties game developers publicly noted that the game had been created as a “key step” in making blockchains more accessible, yet Ethereum’s lack of scalability was brought to light as thousands of pending transactions clogged up the network.
As a result, the Ethereum blockchain has been viewed as being inefficient for many use cases, specifically within the e-commerce sector. The Ethereum blockchain currently supports roughly 20 transactions per second. This is quite low in comparison to the 2,000 transactions per second processed by the Visa global network.
A PUBLIC BLOCKCHAIN BUILT FOR E-COMMERCE
In an attempt to solve the issues facing the Ethereum blockchain, the CyberMiles Foundation has created the CyberMiles public blockchain specifically for the e-commerce sector. The CyberMiles blockchain testnet for developers is expected to launch on March 30.
https://themerkle.com/cybermiles-launches-blockchain-for-e-commerce-thats-compatible-with-ethereum-but-faster-and-more-secure
How will the testnet take place? I have seen the advantages of cybermiles over the ETH network. And I was going to participate in this event. It's good that people are joining me. Unfortunately, like most new technologies, the Ethereum blockchain has its share of problems. While there was early praise for the technical innovations of Ethereum, questions have been raised recently about its security and scalability.
After the popular CryptoKitties blockchain game was released on November 28 of last year, Ethereum experienced some of its largest network congestion to date. The CryptoKitties game developers publicly noted that the game had been created as a “key step” in making blockchains more accessible, yet Ethereum’s lack of scalability was brought to light as thousands of pending transactions clogged up the network.
As a result, the Ethereum blockchain has been viewed as being inefficient for many use cases, specifically within the e-commerce sector. The Ethereum blockchain currently supports roughly 20 transactions per second. This is quite low in comparison to the 2,000 transactions per second processed by the Visa global network.
A PUBLIC BLOCKCHAIN BUILT FOR E-COMMERCE
In an attempt to solve the issues facing the Ethereum blockchain, the CyberMiles Foundation has created the CyberMiles public blockchain specifically for the e-commerce sector. The CyberMiles blockchain testnet for developers is expected to launch on March 30.
https://themerkle.com/cybermiles-launches-blockchain-for-e-commerce-thats-compatible-with-ethereum-but-faster-and-more-secure