Cybermiles is a blockchain designed specifically for the facilitation of fast e-commerce payments Much like the Cardano token, CMT also uses “proof-of-stake” in the creation of new tokens. Cybermiles hopes to create protocols and a whole database of smart contracts for the future of e-commerce. CMT token holders can delegate their tokens to “validators” on the network; these validators compete for the privilege of validating transactions on the CyberMiles network (and hence maintaining its integrity). In return, the validators receive newly minted CMTs. Delegating CMTs to the right validator can also see a sizeable return on the token holders’ investment if their validator succeeds in the task.
