Latest Cypherium updates on February 13th

CypheriumChain has been working hard to improve their cryptocurrency project in the past few months. On February 12th, the wallet had been fixed by the developers and the coins were now displayed correctly. On February 10th, the wallet server was under troubleshooting due to an error caused by the web host resulting in service interruption. On the same date, the SEC made clear that Proof-of-Stake and staking are subject to security regulations. Furthermore, the Cypherium team has visited the BIS centre and introduced their blockchain platform. They also announced that Cypherium uses Proof-of-Work. On January 27th, the good tech was declared a winner. Additionally, the Federal Reserve hinted that the dollar CBDC could be provided through the FedNow system. Cypherium is capable of connecting all the networks and in the past year, validator nodes were elected from thousands of miners making Cypherium the most decentralized and secure. Finally, the SNB and Cypherium have co-authored a research study on the design of a CBDC, focusing on the options for a central bank digital currency.

What is Cypherium ?

Cypherium is a revolutionary blockchain platform that enables real-time transactions for billions of users around the world. Built upon a hybrid consensus mechanism that utilizes both Proof-of-Work and HotStuff, Cypherium is designed to achieve commercialization viability by maximizing both decentralization and scalability without sacrificing one for the other. It is an open network that enfranchises any participant or contributor and a secure vault to combat the increasing threats to data privacy.

Cypherium provides a truly decentralized and scalable framework, combined with an accessible and intuitive user interface, which enables developers to create groundbreaking apps capable of transforming the future of business, law, and enterprise solutions. It is a smart contract platform to enable enterprise use cases for all industries and a trusted database to connect CBDCs, digital assets, and dApps around the world.

To capitalize on the CBDC revolution, Cypherium has been engaging with world leaders of the financial industry to bridge the gap between CeFi and DeFi. We have been advising a series of virtual discussions on the “Future of Money” with the world’s leading Central Banks and actively participating in panels and roundtables discussing CBDC, blockchain interoperability, and DeFi.

We are proud to offer a range of services including blockchain solutions, cloud consultation, and software licensing. Our comprehensive blockchain SaaS consultation and full-stack blockchain integration solutions are tailored to the needs of enterprises of all sizes. With our premium support, we aim to help enterprises democratize the development of smart contracts and lower the barrier to blockchain adoption.

This article was published on 2023-01-29 by Marc Endevor. Information shown in this article was gathered from the project’s website and Twitter account. Coinvestigate cannot guarantee the accuracy of this information, or any news that may have impacted the project in the meantime.