CyberMiles is a blockchain protocol specifically targeting business and marketplace applications. The protocol consists of a blockchain-based virtual machine and defined modules of middleware software stacks, which operate outside the chain to support decentralized processes governed by smart contracts implemented on the network.
The CyberMiles blockchain utilizes Delegated Proof of Stake (DPoS) to reach network consensus.
Besides the 19 validators, the CyberMiles blockchain has 5 backup validators in case a validator resigns, is hacked, or otherwise drops off, after being slashed. The CyberMiles DPoS protocol divides the total block award pool into two distinct parts: validators and their delegators collectively receive 90% of the total block awards while backup validators and their delegators collectively receive 10%.
The CMT token is used to reward and incentivize community members to contribute computing power and maintain the integrity of the network via staking and voting, and to facilitate transactions.