Cypherium Network — Developments and Partnerships made over the past month

3 min readOct 23, 2021

Cypherium is basically a layer- 1 chain network protocol which was developed to provide financial offers to their individuals while granting ensuring operational simplicity to it’s institution and business partners. Through the usage of the Hybrid- consensus Functionality, the chain network is structured to acquire commercial- viability whilst preserving the properties of DLT with Decentralization.

Cypherium’s aim to develop financial- inclusion within various businesses, banks, firms and the government starts with their Digital Currency Interoperability Framework (DCIF). This DCIF structure was placed in Cypherium to allow any type of assets, stable- coins, and CBDCs to be transferred and received on the chain or cross- ledger.

In today’s article, we’ll be highlighting some of the developments and partnerships achieved by the network over the past month, in order to fully appreciate and comprehend the success, principles and values of this blockchain network.

Liquid Exchange Collaboration

Liquid was established back in 2014 and is currently one of the largest crypto- Fiat trading platforms catering to millions of people globally. Liquid is continuously ranked among the top- 10 crypto trading mediums worldwide, which is based on the daily exchange volume and the deep (BTC/ JPY) liquidity. Liquid’s main focus is to ensure amazing user- experiences along with global scale services.

On the 14th of October, the platform team announced and informed their users that Cypherium will for the 1st time be listed on Japan’s 1st regulated licensed trading medium, meeting the harshest security standards by “Liquid” Japan Commercial Agency.

BCG Collaboration

Boston Consulting Group (BSG) is a simply a worldwide Consulting company which collaborated with prominent leaders in various enterprises to avert or eliminate their most essential challenges while capturing their best opportunities. The Group was established back in 1963. Currently in the ecosystem, the BCG supports various clients with complex transformations, organization growth and competitive advantage Development.

The CBDC (Central Bank Digital Currency) is a really complex phenomenon that has developed a vast array of questions associated with the future of monetary policies, payments mechanisms, with Central- banking activities, thus demanding an active discussion and thorough analysis. In order to gain access to the long- term benefits and advantages of the CBDC, Cypherium network and BCG have initiated a research- study on the present state of improvement concerning the CBDC network, including the system of implementation, issues and of course benefits.

Cypherium’s Ambassador Program

On the 30th of September, Cypherium’s network announced the release of their ambassador program, which is an opportunity for the platform to work with the community and drive their narrative forward. Cypherium is looking to reward community individuals who are really dedicated to the platform’s vision. The reason for the release of the program is to amplify the development of the ecology. They’re two main types of roles as an ambassador, they are; Content and Ecosystem- Ambassadors. Those individuals who submit their application in order to participate will have to undergo an evaluation process made by Cypherium’s Core personnels.

TO CONCLUDE

Cypherium block- chain network is not only looking to develop their network but also reward users who are willing to support or promote them through the Ambassador program. With their network being listed on liquid, more emphasis is placed on their diversification schemes. As a game changing block- chain network, they’ll continue to develop and optimize the ecosystem for the user’s benefits.

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