Cypherium: A centralized platform leading financial innovation with blockchain technology

Author: Cypherium

Compiled by: ChainCatcher

The ensuing DeFi boom has clearly placed blockchain technology at the forefront of financial innovation. Globally, major institutions in both the private and public sectors are participating in this new digital finance craze; approximately 80% of central banks are exploring use cases involving Central Bank Digital Currency (CBDC), with 40% already testing proof of concept. The fundamental idea behind this development is financial inclusion.

As a business-centric blockchain platform, Cypherium has embodied the sound economic principles of DeFi since its inception. Our hybrid dual-chain consensus mechanism achieves a public and decentralized implementation of proof of work, providing fair compensation for miners' efforts while offering decentralized services at a fraction of Ethereum's costs. The Cypherium Virtual Machine (CVM) provides Ethereum Virtual Machine (EVM) compatibility and can run on mobile devices, significantly lowering the adoption barrier. As a Layer 1 blockchain platform, we further realize our commitment to decentralization by facilitating cross-chain bridges across various Layer 1 blockchains, addressing the blockchain trilemma while providing liquidity and interoperability.

Although our work to date may seem distant from many major developments in DeFi, our efforts have always been closely related to making blockchain technology more accessible to everyone. Decentralization is at the core of our identity; the only difference is that we started by serving public institutions.

We unconsciously believe that public institutions are the foundation for driving significant paradigm shifts, namely the DeFi revolution. As an industry, we have reached an unprecedented market capitalization of $2 trillion, with Bitcoin surpassing Visa and Samsung to become the 11th most valuable asset globally. Our partnerships with large corporate groups such as Microsoft, Amazon, IBM, Randstad, Societe Generale, and Google, as well as industry pioneers like Chainlink and the Official Monetary and Financial Institutions Forum (OMFIF), further strengthen our position and relevance in the industry.

As many governments around the world explore blockchain technology and its potential to disrupt traditional financial systems, we can't help but envision a future where regulation and policy will influence the next phase of growth; currently, there are no clear or universally recognized regulatory bodies or standards. To facilitate institutionalization, we have partnered with the Official Monetary and Financial Institutions Forum (OMFIF) and participated in multiple roundtable discussions with central banks alongside parties like Facebook's Diem, Algorand, Paypal, and Mastercard to bridge the information gap with traditional financial institutions.

Our next phase of growth largely depends on the availability of our token CPH, which can be widely used by the public. CPH is essential for utilizing services on the platform, and the most logical way to spread our token is through centralized exchanges. However, given the sensitivity of collaborating with major government institutions, we have been cautious in choosing licensed exchanges that comply with domestic and international KYC/AML laws.

Therefore, we are pleased to announce that Cypherium (CPH) will officially list on Japan's first fully regulated and licensed exchange on October 14, 2021, which meets the strictest security standards set by the Financial Services Agency of Japan, Liquid.

https://blog.liquid.com/buy-cypherium-cph

In times of regulatory uncertainty, partnering with exchanges that take compliance seriously is reassuring. Liquid has applied for a license with the Monetary Authority of Singapore (MAS) under the Payment Services Act (PSA). The license is currently under review, and in the meantime, Liquid can operate under exemption conditions. Despite implementing strict anti-money laundering and transaction cleaning measures, Liquid's focus has always been on providing top-notch high-speed deposit and withdrawal services. Liquid's philosophy aligns closely with ours as we strive to innovate and offer the latest trends in products and services without compromising the security of our valuable assets.

Specific details regarding the listing will be provided soon through our official communication channels. This is an important milestone following our strategic alliances with China's Digital Currency/Electronic Payment (DC/EP) and the European Central Bank (ECB). All our users around the world will be able to seamlessly access our token to leverage the decentralized services offered by the platform.

At Cypherium, we aim to demonstrate that blockchain can make the world faster, cheaper, and fairer at the same time. The listing of CPH is a leap in that direction. Our goal is to enable all network stakeholders and companies, big and small, to grow and unleash their full potential.

About Cypherium

Cypherium is a Layer 1 blockchain protocol designed to provide financial inclusion for its users while offering operational efficiency for its enterprise and institutional partners. The Cypherium blockchain employs a hybrid consensus mechanism aimed at achieving commercial viability while retaining the characteristics of decentralization and DLT.

Cypherium's approach to establishing financial inclusion among civilians, banks, governments, and enterprises begins with our DCIF (Digital Currency Interoperability Framework). The DCIF is Cypherium's proprietary architecture that allows for the reception or distribution of any asset on-chain or across ledgers, including CBDCs, stablecoins, and digital assets.