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Technical characteristics
Access System

In modern production and economic activities, "liability" is a concept with nearly the same significance as asset, with the two constituting the fundamental of a modern financial system. Liabilities access relates ValueCyber to real social activities, allowing the influence of an account behavior in ValueCyber to reach outside of the system. In this way, ValueCyber not only has the normal function of encrypted digital currency, but also can be used for the operation of more types of economic activities with the concept of liability as the core.

Process Uncertain Matters

Under the circumstances that an oracle machine (called the "privilege group" in ValueCyber) is introduced for administrating the liability-related transactions, the decentration of the entire system is maintained. As a privilege group exists, ValueCyber does not need to set any rule for liability management in advance,and the system runs in non-deterministic form (the same debt transaction input can get completely different processing results). At the same time, through a deterministic mechanism, ValueCyber users can prevent privileged groups from making unfavourable actions on the system; and even if the privileged group's actions are completely blocked, the system as a whole can still maintain most of the functions.

Collective consensus

Allow the will of any collaborative community to directly implement VCT's transactions:Through a collective account that applies a discrete log cryptography scheme, elements in VCT can be attributed to the entirety of the collaborative community. A special witness transaction associated with this collective account requires a majority vote in the community to be approved by the VCT network.

Cross-chain mechanism

In a world where numerous blockchains co-exist, each blockchain serves one community independently for the accomplishment of certain cooperation, instead of functioning as a huge blockchain that could do everything. Different blockchains can have their consistency under trusteeship, and interact with other blockchains in a certain manner, thus achieving mutual cooperation among communities.

Elastic system

VCT introduces the concept of elasticity to realize the self-evolution of the system through the ability of non-deterministic transaction processing, at the same time, in order to solve the problem of token and economic system detachment, and through the regulation of token supply and liquidity, the evolution from simple digital money system to digital economic system is realized.

Consensus framework

Provide a variety of consensus mechanisms, such as POW, POS, PBFT, etc., to facilitate the community to make the best choice in efficiency, cost, security; unique configuration consensus and protocol consensus, used to solve soft and hard bifurcation problems.

Technical Advantages
High availability
Underlying architecture iteration
VCT can usually be upgraded under the consensus of the access system and the miner consortium. The loopholes need to be analyzed, tested and audited by the Code Committee and submitted to the Decision Committee for reporting in order to ensure safety.
High flexibility
Business iteration
Allowing third-party operators to join, VCT will select a variety of third-party operators, including risk assessment agencies, microfinance financial institutions, and pawnshops, to work together for the iteration of commercial applications.
High scalability
Developing iterations
All kinds of third-party developers including various industry alliances and associations, various enterprises and individuals are selected to cooperate in the iteration of commercial applications. The application is led by a third party, and VCT provides technical support.
Block chain digital economic system framework
Compatible with history、express the future,connect the real world