Place/Date: Shanghai - September 1st, 2018 at 10:56 pm UTC · 3 min read
Contact: MarziPR Rostik Rusev, Source: CPChain
Cyber-Physical Chain (CPChain), the full-scale decentralized data infrastructure for the next generation of the Internet of Things (IoT), is debuting an unparalleled masternode ecosystem structure called RNode to help further scale its network.
The RNode ecosystem structure will help transform the industry by increasing the levels of profit, decentralization, trust, and transparency offered to users/CPC token holders. This will ultimately improve the overall efficiency, security, and privacy associated with cross-chain transactions.
Dr. Long Chengnian, CEO of CPChain stated,
“Launching the RNode ecosystem structure represents a huge step towards helping to improve the effectiveness of cross-chain transactions and level of accountability provided to users/ CPC token holders. By leveraging the IoT and adding on a new reputation verification layer to the typical masternode structure, we are helping to ensure more efficiency and alleviate any of the concerns typically associated with these types of cross-chain transactions.”
In order to become RNode holder, users will need to deposit CPC tokens to CPChain platform. Then, based on existing data from the blockchain, CPChain will conduct the node reputation evaluation to better calculate and assess the Reputation Value (RV) of every RNode holder in the system.
This first-of-its-kind reputation model will be divided into 5 parts: Account Balance, Buying History, Proxy Reputation, Data Contribution, Blockchain Maintenance Record, and will help to certify all participants involved. Those deemed as reputable will then be rewarded with a higher ranking, and have an increased potential for being elected onto a committee, which is expected to consist of 30 to 35 members and supervise over 200 assignments a day.
The RNode ecosystem structure release comes on the heels of CPChain’s buyback plan announcement, which will allow the CPC token to retain its value by being removed from current market conditions, which demonstrates the company’s commitment to increasing the value offered to CPC token holders.
It will enable users to manage all of their data when making these types of purchases through the company’s already-established PDash platform, placing a focus on the data’s value and its sharing lifecycle. The marketplace allows users to view and purchase data or upload it for sale. Utilizing its unique reputation model rewards valid transactions and punishes fraudulent ones.
CPChain closed via a private sale in less than 48 hours for $30 million and has garnered attention and support from investments and partners such as the Trusted IOT Alliance (TIOTA), Qtum, Metaverse, High-Performance Blockchain (HPB) and VeChain.
CPChain has also partnered with MarziPR lead by Rostik Rusev, for global scale PR campaign. Fully backed by an international team with experience in IoT, finance, security and commercial operations, CPChain is led by Dr. Long Chengnian, Founder and CEO of CPChain and Dr. Zhao Bin, CoFounder, who has secured three patents on IoT inventions.
Cyber Physical Chain (CPChain) is a China-based distributed infrastructure platform for the next generation of the Internet of Things (IoT). CPChain’s goal is to integrate blockchain and encryption via cloud storage to enable IoT devices to interact with different data sets over cross-chain applications.
It can reduce the cost of system interconnection, increase the value of data sharing, and improve end-user privacy and system security. CPChain focuses on the scalability, security and real-time issues that blockchain faces in the IoT industry.
Disclaimer CPChain is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.