Whitepapers CyberMiles CMT White Paper Explained Summary

CyberMiles CMT White Paper Explained Summary

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CyberMiles CMT White Paper

Summary:

-The CyberMiles (CMT) White Paper is an informational document that provides in-depth information about a specific solution.

-The aim of the CyberMiles (CMT) White Paper is to help organizations create a blockchain based “virtual machine” that is suitable for business developers to create distributed applications.

-The CyberMiles (CMT) White Paper outlines the philosophy behind the creation of the CyberMiles (CMT) blockchain protocol and how it aims to address the shortcomings of Ethereum.

-The key to the success of the CyberMiles (CMT) protocol lies in its standardized libraries and frameworks that allow for software encapsulation and reuse.

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Without wasting any further time lets get started to dive right in and lets understand white paper first.

What is white paper?

A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.

A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.

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CyberMiles CMT White Paper White Paper

CyberMiles CMT White Paper white paper will be going to provide you, all the information that is needed to get started with CyberMiles (CMT) White Paper, including the inspiration for creating, the problem it is trying to solve and the solution proposed by CyberMiles (CMT) White Paper.

Introduction

To address the shortcomings of Ethereum and create a blockchain based virtual machine” that is suitable for business developers to create distributed applications, we propose a new blockchain protocol to support what we term as Smart Business Contract”. The protocol not only would include a virtual machine, but would also define the middleware software stack outside of the blockchain (which is today handled by DApps in a non-standard way).

Every node in the blockchain would not only run the blockchain ledger but also supports standardized middleware. Borrowing a page from past successful enterprise softwares playbook, the key is not to create an all-powerful virtual machine or programming language, but to build an extensive library of reusable software components, and then standardize the whole stack of software. A good example is the Linux operating system.

It is widely adopted by enterprise users only after the community has extended the core OS with thousands of business-friendly software packages, and after Fedora / Red Hat came along to standardize the stack. Other past examples include the Java 2 Enterprise Edition platform, or the LAMP stack, or the Ruby on Rails platform. The strengths of those enterprise platforms lie in their standardized libraries and frameworks. Software encapsulation and reuse are the most important best practices in enterprise software. It is time for us to apply this best practice to blockchain platform as well.

White Paper Link: CyberMiles (CMT) White Paper White Paper

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