Cypherium, which has promised to provide highly scalable smart contract platform to market without sacrificing decentralization has recently partnered with Amazon Web Services to enable Blockchain-as-a-Service for enterprise customers. With the launch of Cypherium Enterprise on AWS Marketplace, the adoption of tomorrow’s blockchain-based business solutions begins now.
While blockchain represents a veritable paradigm shift for financial technologies and the future of commerce, until Cypherium Enterprise, there hasn’t been a smart contract toolset ready-made for businesses getting to work today. Cypherium seamlessly processes thousands of transaction per second with instant finality, meaning that once a transaction is confirmed, it can’t be modified down the road.
Given Cypherium’s qualities of being instantly final and capable of blazing fast transaction throughput, enterprise users can rest assured the blockchain solutions they implement using Cypherium Enterprise are Armored in a robust ironclad security and capable of scaling to the demands of real-world business needs
Cypherium clocks in at 2,500 to 5,000 transactions per second . As the network is fine-tuned, those numbers will strengthen and remain incredibly capable at maximally decentralized node settings.
Just how vital is transaction-per-second speed, really? To put Cypherium’s numbers in perspective, it’s important to note that Visa, the world’s largest payment network and the largest credit payment rail, claims up to 20,000 TPS. Despite the bold claim, their network rarely tops out above 1,500 TPS, and is completely centralized, making it vulnerable to attack and a poor monopolized option for users. Cypherium’s network not only competes with Visa in terms of speed, but also outdoes it concerning decentralized security and the user-oriented transparency that belongs to blockchain.
Finally, Cypherium Enterprise runs a frictionless Turing-complete Java Virtual Machine to encourage the widespread adoption and development of smart contracts in a way that maximizes the practical usefulness of blockchain. Launching the smart contract platform on Amazon Web Services Marketplace is a first step toward dispensing blockchain tools and solutions to a new enterprise audience that has hitherto relied on traditional technologies.