FAQ
Common questions about Cypher Blockchain and their answers
Last updated: 2024-03-20
Frequently Asked Questions
What is Cypher Blockchain?
Cypher Blockchain is a next-generation Layer 1 blockchain platform designed specifically for industries like:
- Gaming
- Artificial Intelligence (AI)
- Real-World Assets (RWA)
It leverages Proof of Engagement (PoE) consensus, ensuring scalability, low gas fees, and security for decentralized applications (dApps) and projects.
What is Proof of Engagement (PoE) and how does it work?
Proof of Engagement (PoE) is the unique consensus mechanism used by Cypher Blockchain. Unlike traditional Proof of Work or Proof of Stake models, PoE rewards validators and network participants based on their meaningful contributions and engagement within the ecosystem.
Key Benefits:
- Fair and decentralized network
- Reduced energy consumption
- Prioritized active participation
Is Cypher Blockchain EVM-compatible?
Yes, Cypher Blockchain is fully EVM-compatible. This means developers can seamlessly migrate their Ethereum-based dApps and smart contracts to Cypher Blockchain without requiring extensive modifications.
Compatible Development Tools:
- Solidity
- Hardhat
- Truffle
What industries does Cypher Blockchain target?
Cypher Blockchain focuses on three key industries:
Gaming
- • Tokenized in-game assets
- • Play-to-earn ecosystems
- • Seamless microtransactions
Artificial Intelligence
- • Decentralized AI marketplaces
- • Tokenized datasets
- • AI-powered dApps
Real-World Assets
- • Fractional ownership
- • Asset tokenization
- • Real estate and IP
How can I create my own token on Cypher Blockchain?
Cypher Blockchain provides a no-code token minting platform that allows users to create their own tokens effortlessly.
Customizable Parameters:
- Token Name
- Token Ticker
- Decimals
- Total Supply
- Advanced features (burning, staking, minting)
Note: Token creation will be available once the Testnet goes live.
When will the Testnet and Mainnet of Cypher Blockchain be launched?
Cypher Blockchain is currently in development, with the following launch phases:
Alpha Testnet
Coming soon - Internal testing phase
Beta Testnet
Following Alpha - External developer testing
Mainnet
After thorough testing and community feedback
How are gas fees optimized on Cypher Blockchain?
Cypher Blockchain optimizes gas fees through several advanced mechanisms:
- Advanced transaction batching
- Lightweight data structures
- Scalability improvements
How can I participate in the development of Cypher Blockchain?
You can contribute to Cypher Blockchain's development in several ways:
Community Participation
- • Join discussions on Discord
- • Participate in Telegram groups
- • Engage in community forums
Technical Contribution
- • Testnet participation
- • Code contributions
- • Bug reporting and testing
Governance Participation
Help shape the future of Cypher Blockchain by contributing to governance decisions
How is Cypher Blockchain different from other blockchains like Ethereum or Solana?
Cypher Blockchain differentiates itself through several unique features:
Proof of Engagement (PoE)
Rewards based on meaningful engagement rather than just staking or computational power
Industry Focus
Specifically designed for Gaming, AI, and RWAs
Developer Experience
No-code token creation platform and comprehensive SDKs
Cost Efficiency
Optimized for high-frequency transactions with minimal costs
How can I stay updated on Cypher Blockchain's development?
Stay connected through our official channels:
Social Media
- • Telegram
Community Channels
- • Discord community
- • Newsletter subscription
- • Official blog
What tools and resources will Cypher Blockchain provide for developers?
Cypher Blockchain offers a comprehensive development toolkit:
Development Tools
- • SDKs and APIs
- • No-code token minting platform
- • Developer dashboard
Documentation
- • Detailed technical docs
- • Tutorials and guides
- • Code examples
Note: These resources will be available during the Beta Testnet phase.