Cypherium is a cryptocurrency-based startup founded by a team of engineers from Amazon, Google and Microsoft. Cypherium is a highly scalable & permission-less hybrid blockchain platform based on proof-of-work and Byzantine fault tolerance consensus. The design goal of Cypherium is to address the flaws and scalability in the current blockchain by focusing on achieving the apex of scalability, decentralization, and commercialization viability. The startup is partnering with the Initiative for Cryptocurrencies and Contracts (IC3) research group to develop new blockchain scaling solutions. The company is surrounded with industry leaders and advisors Emin Gun Sirer and Jeremy Gardner. The company is also utilizing the Bitcoin-NG technology pioneered by IC3 co-director Emin Gün Sirer. Bitcoin-NG was designed to solve scaling issues with blockchains by using two different types of blocks.