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Cipher

CPR

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Cipher Whitepaper

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
IndoExCPR/USDT000476,768.740.01cex17/9/2025, 6:21 AM
IndoExCPR/BTC000435,965.260.01cex17/9/2025, 6:21 AM
IndoExCPR/BNB000221,581.780cex17/9/2025, 6:21 AM
IndoExCPR/ETH000202,373.780cex17/9/2025, 6:21 AM
AzbitCPR/POL042.456.850.630cex25/29/2025, 8:57 AM
KoinBXCPR/USDT00000cex06/11/2025, 9:57 AM
KoinBXCPR/INR00000cex06/11/2025, 9:57 AM
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Cipher FAQ

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What is Cipher?

Cipher (CPR) is distinguished in the cryptocurrency sector as a utility token representing partial ownership of the company Cipher. Unlike numerous other digital assets, Cipher was not introduced through an ICO or IEO. Instead, tokens are allocated through active participation in the project, nurturing a uniquely community-driven approach. The project began on April 9th, 2018, initially utilizing the Ethereum Blockchain but later transitioning to the Polygon PoS network to improve scalability and efficiency. The team behind Cipher is spread across India, the United Kingdom, and New Zealand, with a focus on developing a transparent, accountable, and secure business environment. This global team is committed to creating business applications that are not only user-friendly but also highly scalable and secure. Cipher's mobile applications aim to provide personalized content, real-time application access, and interactive user experiences. Beyond its utility token, Cipher Mining Inc. is a key player in the bitcoin mining sector, continuously expanding its operations and increasing its hash rate. The company aims to achieve a hash rate of 8.2 EH/s by the end of the year, demonstrating its commitment to growth and innovation. Cipher's business model emphasizes a unified ecosystem without the reliance on traditional fundraising methods. Transactions within this ecosystem are crafted to be efficient, transparent, and easily tradable, aligning with the company's overarching goals of transparency and accountability. Use Eulerpool to track Cipher's performance and trends.

What technology underlies Cipher?

The technology behind Cipher (CPR) represents a captivating fusion of blockchain innovation and practical business solutions. Fundamentally, Cipher operates on the Ethereum and Polygon PoS (Proof of Stake) networks, which are renowned for their strong security features and efficient transaction processing abilities. Ethereum serves as a decentralized platform that facilitates smart contracts and decentralized applications (dApps), ensuring they operate without downtime, fraud, control, or third-party interference. Meanwhile, Polygon enhances Ethereum's functionality by offering scalable, instantaneous blockchain transactions. Cipher is distinguished by its dedication to forging a unified ecosystem for business applications without conducting an Initial Coin Offering (ICO) or Initial Exchange Offering (IEO). This approach underscores transparency and accountability, enabling users, customers, investors, and traders to engage in the project without traditional fundraising methods typical of other cryptocurrency initiatives. Instead, Cipher allocates its tokens when users access its services or programs, ensuring the token's value remains intrinsically tied to the platform's utility. Security is of utmost importance within the blockchain arena, and Cipher harnesses the protective strengths of the Ethereum and Polygon networks to defend against potential threats from malicious actors. The decentralized framework of these blockchains results in data being stored across a vast network of nodes, rendering it exceptionally hard for any single entity to alter or compromise the data. Furthermore, the Proof of Stake consensus mechanism employed by Polygon is both energy-efficient and less vulnerable to certain attack types compared to the Proof of Work system used by Bitcoin. Cipher also addresses the environmental impacts associated with cryptocurrency mining. Traditional Bitcoin mining data centers consume substantial amounts of energy, potentially affecting the environment. By utilizing the more energy-efficient Proof of Stake mechanism, Cipher contributes to climate tech efforts to develop eco-friendly solutions. Launched on September 4, 2018, the project is supported by a team located in India, the United Kingdom, and New Zealand. This international collaboration is dedicated to developing business applications that are not only transparent and accountable but also scalable and secure. Cipher's mobile applications are designed to deliver personalized content, fast interactions, easy maintenance, and real-time application access, making these apps highly user-friendly and accessible to a diverse audience. Functionally, Cipher (CPR) bears similarity to owning equity in a company. It signifies partial ownership and enables users to engage in the project's growth and success. This model fosters community and shared responsibility among participants, further enhancing the platform's credibility and trustworthiness. Cipher's technology places a strong emphasis on efficient and transparent transactions. By leveraging the capabilities of Ethereum and Polygon, Cipher ensures that all transactions are secure, rapid, and cost-effective. This efficiency is crucial for building trust and reliability within the digital asset space, where transaction speed and security are top priorities for users. Moreover, Cipher's strategy of establishing a unified ecosystem without an ICO or IEO differentiates it from many other projects in the cryptocurrency landscape. This non-ICO business model ensures that token distribution is directly associated with platform usage, encouraging a more organic and sustainable growth path. This approach also reduces the risks linked to speculative investments, offering a more stable and predictable environment for all stakeholders. With a focus on developing superior digital applications, Cipher aims to provide a seamless, integrated experience for its users. The platform's dedication to high scalability and data security ensures it can accommodate a growing user base and increasing transaction volumes without sacrificing performance or safety. This emphasis on scalability is especially crucial as blockchain technology adoption increases, necessitating solutions that can meet rising demand. Cipher's commitment to creating a transparent and accountable ecosystem is reflected in its business model and technological strategies. By leveraging the strengths of Ethereum and Polygon, the project ensures its platform is secure, efficient, and environmentally conscious. This comprehensive approach to blockchain technology positions Cipher as a forward-thinking and responsible entity in the digital asset sphere.

What are the practical applications of Cipher in the real world?

Cipher (CPR) is a utility token designed to transform various elements of the digital and business sectors. Launched on September 4, 2018, and developed by a team from India, the United Kingdom, and New Zealand, Cipher is dedicated to promoting transparency, accountability, and secure business practices. One of its key applications is enhancing business operations through mobile apps, which provide personalized content, accelerate transactions, and ensure secure data access. In the cryptocurrency domain, Cipher enables transactions through public keys, guaranteeing secure and transparent exchanges. This is crucial for safeguarding the integrity of financial transactions and preventing fraud. Additionally, Cipher participates in mining Bitcoin using hash ciphers, enhancing the security and efficiency of the Bitcoin network. This mining activity supports verifying and adding transactions to the blockchain, thereby bolstering the broader cryptocurrency ecosystem. Cipher also represents partial ownership in the company, akin to holding shares or stock. This feature renders it a valuable asset for investors and traders aiming to engage in the company's growth. The token's tradability adds an additional layer of utility and flexibility for its holders. Furthermore, Cipher's business applications are engineered to be user-friendly and scalable, ensuring adaptability to users' evolving needs. The apps are designed to offer real-time application access, facilitating businesses in managing their operations with greater efficiency. This is particularly advantageous for companies seeking to streamline processes and enhance overall productivity. Cipher's adherence to a non-ICO business model distinguishes it from many other cryptocurrencies. Rather than conducting an Initial Coin Offering (ICO) or Initial Exchange Offering (IEO), Cipher distributes its tokens as users engage with its services or programs. This strategy ensures tokens are earned through active participation, aligning user interests with the platform's growth. In conclusion, Cipher (CPR) presents multiple real-world applications, making it a versatile and valuable digital asset. From augmenting business operations to reinforcing the Bitcoin network's security, Cipher is designed to deliver numerous benefits to its users.

What significant events have occurred for Cipher?

Cipher (CPR) has emerged as a notable entity in the cryptocurrency landscape since its inception on April 9th, 2018, utilizing the Ethereum Blockchain. This marked the start of its journey towards establishing a transparent and accountable digital ecosystem. The team, based in India, the United Kingdom, and New Zealand, focused on developing business applications that are user-friendly and scalable, deliberately opting not to conduct an ICO or IEO. A critical milestone for Cipher occurred on December 19th, 2021, when the project transitioned from the Ethereum Blockchain to the Polygon PoS network. This strategic move was aimed at enhancing transaction efficiency and scalability, in line with the project's objective of offering secure and real-time application access. In terms of public engagements, Cipher has made significant appearances at various industry events. It was featured at the 4th Annual Needham Virtual Crypto Conference, which highlighted its growing influence in the crypto community. Furthermore, Cipher Mining CEO Tyler Page participated in McNallie Money Interviews, offering insights into the company's vision and operations. The Second Quarter Decipher 2022 gathering was another noteworthy event for Cipher, where stakeholders and enthusiasts discussed the project's progress and future plans. This event emphasized Cipher's commitment to maintaining transparency and engaging with its community. Looking to the future, Cipher is slated to participate in several high-profile events in 2024, including the Crypto 2024 conference and the 44th Annual International Cryptology Conference. These events are expected to further strengthen Cipher's position in the cryptocurrency space and provide platforms for discussing advancements and innovations. Cipher's journey is marked by strategic decisions and active community engagement, reflecting its dedication to building a robust and transparent digital ecosystem.

Who are the founders of Cipher?

Cipher (CPR) was introduced as a utility token on April 9, 2018, with a core vision centered on transparency and accountability. The creators of Cipher include Tyler Page, Vincent Moscaritolo, and Kuberan Marimuthu. This team is internationally diverse, with members operating across India, the United Kingdom, and New Zealand. The founders bring a wealth of experience from the cryptocurrency sector, having successfully launched multiple previous ventures. With Cipher, they aim to establish a cohesive ecosystem that does not depend on ICOs or IEOs, but rather focuses on token distribution through the utilization of services.

Investors interested in Cipher are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.