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Cypherium

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Cypherium Blockchain
Founded2017
FounderSky Guo (CEO)
Headquarters
Products
Websitewww.cypherium.io

Cypherium is a New York based third-generation blockchain startup and smart contract platform, that focuses on enterprise blockchain. In 2017, Sky Guo (CEO) founded Cypherium with the aim of repairing existing shortcomings in blockchain technology, which prevent widespread adoption by organizations and industries[1].

The company, that has established partnerships with all the tech giants - Google[2][3][4], Microsoft[5][6], Amazon[7][8] and IBM[9][10], has developed the world's first cross-chain interoperability solution and has developed a solution to facilitate interoperability between Central Bank Digital Currencies (CBDCs)[11].

Overview

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Cypherium has branded itself as an enterprise blockchain intrastructure platform. Cypherium is a highly scalable and robust smart contract platform, their hybrid design features an improved Practical Byzantine Fault Tolerance (PBFT) consensus mechanism that can achieve thousands of transactions per second[12][13]. Cypherium uses a combination of proof-of-work and HotStuff consensus algorithms (also used by Facebook’s Libra project)[14].

Cypherium Token (CPH) serves to allocate network resources to participants.Cypherium's Gas mechanism resemble to Ethereum's and charge a smart contracting fee, and each CPH represents one share of the total network resources[15] [16].

Cypherium Virtual Machine (CVM) for smart contracts runs on Java (Dalvik architecture), the most widely-utilized and reliable programming language in the world[17].by using this type of lightweight architecture Cypherium virtual machine is enable to operate on mobile devices too[18].

CypherSwap a cross-chain compatible Decentralized Exchange (DEX) based on the Cypherium public chain.CypherSwap is expected to launch by the end of 2020 [19][20].

Cypherium goals

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  1. To enable enterprise use cases for all industries with smart contract platform[21].
  2. To create a secure vault to combat the increasing threats on data privacy[21].
  3. To connect isolated data islands around the world to a trusted database[21].
  4. To create an open network to enfranchise for everyone[21].
  5. To create an instant ledger to process transactions for billions of users in real-time[21].

History

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Cypherium was founded in 2017[22] by former software developers at Google, Microsoft, Amazon and Tencent, whose expertise encompasses cryptography, virtualization, network security and artificial intelligence[23][24]. The company raised 32$ million in capital via token (CPH) sale constitutes three rounds[25]:

The first round was conducted in early 2018 (Institutional participants, notably Pantera Capital and Blockfolio, and the Founding Community) - 24$ million[25].

The second round was the Final Pre-sale that was opened in September 2020 [26][27][28] - 4$ Million[25].

The final round was the Public sale in Q3 - 3.5$ Million[25].

Cypherium Mainnet Has Launched on October 31, 2020[29].

Major Events

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In January 2018 Cypherium and IC3 declared on their partnership and their goal to develop new blockchain scaling solutions and to advance the integration of blockchain technology as a service[30][31] [26].

In January 2019 Cypherium begun their Public test net and explore. on that test net launch Cypherium also presented the public release of the Cypherium Virtual Machine (CVM)[32][33].

In May 2019 Cypherium, IBM and Amazon declared on their collaboration[34][35] and in June 2019 the partnership with The Federal Reserve (the central bank of the U.S., that being in charge of the country’s monetary policy), has declared[36].

In August 2019, Google has announced on their partnership with Cypherium[37][38][39][40].

In February 2020 Randstad has begun testing a combination of the Cypherium blockchain and Google Cloud in their platform [41][42][43][44].

In April 2020 Cypherium joined Microsoft for Startups program to explore new use cases and becoming a part of the company’s blockchain as a service[14]. In may 2020 OMFIF and Cypherium declared on their partnership [45].

In July 2020 Suzhou City Municipal has signed a MoU with Cypherium to advance the city's development of blockchain Infrastructure[46][47][48][49].

Cypherium Listed in August 2020 as a preferred startup at Société Générale’s Startup-Flow, the company will be invited to submit a proof of concept to introduce its innovative technologies to facilitate global CBDC interoperability[45][50][51][52][53].

On December 10, 2020 Cypherium participated in the "Future of Payments" panel that hosted by OMFIF, which was attended by PayPal, Master Card, S.W.I.F.T, Grab, Algrond, Citigroup and Novi [54].

Im 2021, Cypherium will participate in The FedNow Pilot Program that has formed by the Federal Reserve[55]

Team

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Executive Team

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Business Team

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Advisors

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2017 - Present

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2019 - Present

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2020 - Present

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References

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  1. ^ "Cypherium Listed as Preferred Startup on Société Générale Startup-Flow". AP NEWS. 2020-08-26. Retrieved 2020-11-05.
  2. ^ Pollock, Darryn. "Google Makes Another Move Towards Blockchain as Cloud Wing Partners with Cypherium". Forbes. Retrieved 2020-11-01.
  3. ^ Munro, Andrew (2019-08-14). "Google Cloud offers Cypherium blockchain. But what are you actually getting?". finder.com.au. Retrieved 2020-11-01.
  4. ^ Karaivanov, Doncho (2020-01-09). "A Timeline of Defining Blockchain Events in 2019". The Chain Bulletin. Retrieved 2020-11-01.
  5. ^ "Cypherium Blockchain Joins Microsoft for Startups". Cointelegraph. Retrieved 2020-11-01.
  6. ^ "Cypherium Releases Scalable, Enterprise-Ready Blockchain in Beta". GlobeNewswire. 09/04/2018. {{cite news}}: Check date values in: |date= (help)CS1 maint: url-status (link)
  7. ^ "Cypherium Partners with Amazon Web Services to Launch Enterprise Blockchain-as-a-Service". www.businesswire.com. 2019-05-10. Retrieved 2020-11-01.
  8. ^ "Enterprise blockchain firm Cypherium secures Google Cloud partnership, adding to AWS deal". Cloud Computing News. 2019-08-16. Retrieved 2020-11-01.
  9. ^ "CYPHERIUM (CPH) FINAL PRE-SALE".{{cite web}}: CS1 maint: url-status (link)
  10. ^ "Cypherium to Assist China in Advancing Blockchain City Infrastructure". Cointelegraph. Retrieved 2020-11-01.
  11. ^ "Cypherium blockchain to raise capital via token sale hosted on TokenSoft » CryptoNinjas". CryptoNinjas. 2020-09-11. Retrieved 2020-11-01.
  12. ^ "Cypherium Announces Development Scalable Hybrid Blockchain". NewsBTC. Retrieved 2020-11-05.
  13. ^ GmbH, finanzen net. "Cypherium's talented team is building a double-chained infrastructure for the future | Markets Insider". markets.businessinsider.com. Retrieved 2020-11-05.
  14. ^ a b "Cypherium Blockchain Joins Microsoft for Startups". Cointelegraph. Retrieved 2020-11-01.
  15. ^ Uncovered, Markets (2020-08-13). "Will Cypherium (CPH) Be The First Token To Reach $1 Trillion?". Medium. Retrieved 2020-11-05.
  16. ^ Cypherium (2020-06-29). "Cypherium |The Role of Cypherium Tokens (CPH)". Medium. Retrieved 2020-11-05.
  17. ^ Chijamz, Iam (2020-08-27). "SMART CONTRACTS: THE CYPHERIUM WAY". Medium. Retrieved 2020-11-01.
  18. ^ "Cypherium's Virtual Machine Guarantees Success of Smart Contracts". www.accesswire.com. Retrieved 2020-11-01.
  19. ^ "Cypherium launches CypherSwap, a cross-chain compatible DEX". IBS Intelligence. 2020-10-13. Retrieved 2020-11-01.
  20. ^ "Cypherium Launches CypherSwap: One of the First Cross-Chain Compatible DEX". Financial IT. Retrieved 2020-12-16.
  21. ^ a b c d e Oguzie, Wisdom (2020-08-15). "What is CYPHERIUM". Medium. Retrieved 2020-11-05.
  22. ^ Munro, Andrew (2019-08-14). "Google Cloud offers Cypherium blockchain. But what are you actually getting?". finder.com.au. Retrieved 2020-11-01.
  23. ^ "Cypherium Releases Scalable, Enterprise-Ready Blockchain in Beta". GlobeNewswire. 2018-09-04.{{cite news}}: CS1 maint: url-status (link)
  24. ^ "Blockchain Startup Cypherium Partners with IC3 for Scaling Research". CoinDesk. 2018-01-16. Retrieved 2020-11-01.
  25. ^ a b c d Cypherium (2020-12-15). "Cypherium raises $32M for its token sale to build a decentralized smart contract platform for…". Medium. Retrieved 2020-12-16.
  26. ^ a b "CYPHERIUM (CPH) FINAL PRE-SALE".{{cite web}}: CS1 maint: url-status (link)
  27. ^ "Cypherium blockchain to raise capital via token sale hosted on TokenSoft » CryptoNinjas". CryptoNinjas. 2020-09-11. Retrieved 2020-11-01.
  28. ^ "Cypherium CEO Blames 'Lack of Regulatory Clarity' for Postponing Their ICO | Finance Magnates". Finance Magnates | Financial and business news. 2018-04-09. Retrieved 2020-11-05.
  29. ^ Cypherium (2020-11-01). "Cypherium Mainnet Has Launched". Medium. Retrieved 2020-11-01.
  30. ^ "Blockchain Startup Cypherium Partners with IC3 for Scaling Research". CoinDesk. 2018-01-16. Retrieved 2020-11-01.
  31. ^ "Enterprise blockchain firm Cypherium secures Google Cloud partnership, adding to AWS deal". Cloud Computing News. 2019-08-16. Retrieved 2020-11-01.
  32. ^ cypherium/cypherTestBin, Cypherium Blockchain, 2020-10-27, retrieved 2020-11-01
  33. ^ Cypherium (2020-05-08). "Cypherium | Testnet Live". Medium. Retrieved 2020-11-01.
  34. ^ "Presenting the Top 5 Cloud Computing News: September 2019". Cloud Management Insider. 2019-09-04. Retrieved 2020-11-01.
  35. ^ "Everest Group enterprise managed blockchain analysis places IBM and Microsoft at the summit". The Block. 2020-01-14. Retrieved 2020-11-05.
  36. ^ "FedNow — US Federal Reserve Payment Tool a Threat to Banks, Not Crypto". Cointelegraph. Retrieved 2020-11-01.
  37. ^ Pollock, Darryn. "Google Makes Another Move Towards Blockchain as Cloud Wing Partners with Cypherium". Forbes. Retrieved 2020-11-01.
  38. ^ "Presenting the Top 5 Cloud Computing News: September 2019". Cloud Management Insider. 2019-09-04. Retrieved 2020-11-01.
  39. ^ "Human Resources Giant Randstad Explores Blockchain to Quickly Match Talent With Recruiters". CoinDesk. 2020-02-28. Retrieved 2020-11-05.
  40. ^ "Google Cloud teams up with Theta Labs for blockchain-based video delivery". Cloud Computing News. 2020-05-27. Retrieved 2020-11-05.
  41. ^ "Randstad Case Study". Google Cloud. Retrieved 2020-11-01.
  42. ^ "World's Largest Human Resources Firm Adopts Smart Contracts Platform". Cointelegraph. Retrieved 2020-11-01.
  43. ^ Pollock, Darryn. "Human Resources Giant Randstad Looks To Blockchain And Google Cloud For Talent Matching". Forbes. Retrieved 2020-11-05.
  44. ^ "HR firm Randstad enhances automation and security with Google Cloud and Cypherium smart contracts » CryptoNinjas". CryptoNinjas. 2020-03-03. Retrieved 2020-11-05.
  45. ^ a b "Xangle". xangle.io. Retrieved 2020-11-01.
  46. ^ "Cypherium to Assist China in Advancing Blockchain City Infrastructure". Cointelegraph. Retrieved 2020-11-01.
  47. ^ "How Suzhou is Taking Steps to Become China's Leading Blockchain District | The Fintech Times". Retrieved 2020-11-01.
  48. ^ CBNEditor. "Cypherium Signs MOU with Suzhou for Blockchain Infrastructure Development Following Launch of Chinese CBDC Trials | China Banking News". Retrieved 2020-11-05.
  49. ^ "Suzhou Signs MOU with Cypherium to Develop the City's Blockchain Infrastructure | NEWS.8BTC.COM". Retrieved 2020-11-05.
  50. ^ "Cypherium Listed as Preferred Startup on Société Générale Startup-Flow". MarketWatch. Retrieved 2020-11-01.
  51. ^ "Cypherium Listed as Preferred Startup by French Investment Bank | Finance Magnates". Finance Magnates | Financial and business news. 2020-08-26. Retrieved 2020-11-01.
  52. ^ "Cypherium Listed as Preferred Startup on Société Générale Startup-Flow". News Break. Retrieved 2020-11-01.
  53. ^ "Cypherium Listed as Preferred Startup on Société Générale Startup-Flow". Bloomberg.com. 2020-08-26. Retrieved 2020-11-01.
  54. ^ "The future of payments". OMFIF. Retrieved 2020-12-16.
  55. ^ "Federal Reserve Announces Creation of FedNowSM Pilot Program". FedPayments Improvement. 2020-10-13. Retrieved 2020-12-16.
  56. ^ a b c d e f g h i "About Us". Cypherium. Retrieved 2020-11-01.
  57. ^ "Sky Guo". PaymentsSource. Retrieved 2020-11-05.
  58. ^ "Solomon Zhang - Crunchbase Person Profile". Crunchbase. Retrieved 2020-11-05.
  59. ^ thrillerpodcast.simplecast.com https://thrillerpodcast.simplecast.com/episodes/thriller-convo-s2ep-06-james-orbison-or-972dcd33. Retrieved 2020-11-05. {{cite web}}: Missing or empty |title= (help)
  60. ^ A, Amusa Basheer (2020-09-21). "CYPHERIUM-A Decentralized Framework". Medium. Retrieved 2020-11-05.
  61. ^ "Jeremy Gardner". angel.co. Retrieved 2020-11-05.
  62. ^ Haring, Bruce (2018-01-30). "Blockchain Firm Cypherium Adds Jeremy Gardner, Emin Gun Sirer As..." BlockTribune. Retrieved 2020-11-05.
  63. ^ "Bryan Ford's Home Page". bford.info. Retrieved 2020-11-05.
  64. ^ "Victor T. Samuel, JD, MBA". American Banker. Retrieved 2020-11-05.
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