CyberVein is a revolutionary crypto project that aims to leverage blockchain technology to address the challenges of data economy in multiple aspects. The project is designed to serve as a problem-solving product/platform (BASS) that can successfully resolve issues unsolvable in traditional networks. CyberVein employs the characteristics of blockchain technology, coupled with elements from economics, software technology and applied mathematics.
The Business Logic of CyberVein
The business logic of CyberVein centers on three main concepts: the value of passive data, the definition of data exchange value, and the ownership of data. The platform argues that passive data, such as Cookies, only become valuable when they are exchanged. The exchange value of data can be defined via a carrier and medium for quantifying data value and enabling data transfer. Lastly, CyberVein champions a unique approach to data ownership, arguing that being able to control the dissemination, sharing and delivery of data defines its ownership.
Technical Solutions of CyberVein
CyberVein employs various technologies and innovative solutions to realize its design goal. It uses a distributed ledger of DAG architecture, an improved smart contract programming language and a database virtual machine. It also introduces a new consensus mechanism - PoC (Proof of Contribution) and a novel inter-ecological smart contract architecture. With the use of a DAG architecture of distributed books and a virtual machine with database functions, anyone can write to the database, release smart contracts and Dapps, and define their data ownership, data exchange format and data conversion function rules.
CyberVein Programming Language and Virtual Machine
CyberVein uses its own programming language, Vein, and a virtual machine, CBVM (CyberVein Virtual Machine), to offer superior smart contract performance. The Vein language is based on Solidity and improves the running mechanism with the help of extensive libraries related to database operations. CBVM, on the other hand, defines data value in ecology and metastasis, providing a safe, reliable and high-performance environment for running smart contracts. CBVM also serves as a database operation system with an independent sandbox at each node to prevent data or usage conditions from affecting the chain.
Proof of Contribution: CyberVein’s New Consensus Algorithm
CyberVein introduces a new consensus mechanism known as Proof of Contribution
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