No, Cybermiles uses the Proof-of-stake algorithm. Apart from mining Cybermiles, you can use this platform to build a next-generation e-commerce site. Cybermiles uses highly optimized smart business contracts. With the help of cyber-miles, you can settle the peer-to-peer transaction with the help of CMT tokens. Market size of e-commerce is $1 trillion and it is estimated that Cybermiles can be bigger than Ethereum.
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Another simple method of earning Cybermiles coins is to just purchase Cybermiles tokens and earn for the stake as it is a DPOS consensus coin. Each stakeholder and masternode running will receive the appropriate amount of interests on holding coins in an active wallet.