CyberVein AIRDROP ANNOUNCEMENT
Our development team is hard at work to get the CyberVein test-net live as soon as possible, and to demonstrate the groundbreaking possibilities decentralized databases pose for industry, research, and smart city administration.
Before we hit the ground running, we want to invite you to participate in the CyberVein airdrop and become an official part of the CyberVein community.
About CyberVein
The CyberVein network is the first Distributed Ledger System allowing for the decentralized management of complex databases on the blockchain itself, without requiring centralized storage providers. This novel implementation of blockchain technology is only possible thanks to improvements to DAG ledger design developed by CyberVein.
Just as the Internet is a public network of networks, CyberVein is a public network of immutable databases, on which information can easily be traded, interconnected, and transformed into structured knowledge.
Why do we need decentralized databases?
Maintaining databases with qualities that are normally attributed to blockchains -meaning immutability, security, and transparency - makes enormous sense in a variety of industry, research and governance use cases.
Players in the global market often need to share information and rely on data they pool and maintain collectively. Supply chain management is one obvious scenario, but there are
many more. This can be very problematic if these players have good reasons not to trust each other. Immutable, decentralized databases solve this gracefully.
For academia, research and the public sector,
use cases are virtually limitless. Scientific processes such as peer review can be revolutionized in the truest sense of the word, while making collaborative research much more efficient.
Smart governments and smart cities rely on the collection of vast amounts of data generated by the public, providing city administrators with enormous power and knowledge which aren’t necessarily shared with the public. CyberVein allows this data to be stored in public, decentralized databases, protecting it from malevolent manipulation as well as from attacks, while providing an immutable record of how said data is processed and used.
What is CyberVein’s Larger Vision?
CyberVein’s eventual goal is to create a universal “Internet of Data”, inter-connecting databases of entire industries, and hence increasing the overall value and connectivity of human knowledge.
CyberVein databases are equipped with innate monetization functions, allowing owners of data to define its value. With this, CyberVein incentivises the sharing and trading of data - even among competing entities or organizations that otherwise wouldn’t have the budget to maintain large data sets in the public domain.
Technological Innovation
Traditional blockchains are not designed to store vast amounts of structured data, especially if this data is being constantly processed by many participants in parallel. In order to build a network of decentralized databases, CyberVein has reinvented fundamental blockchain principles, transforming distributed ledgers into a powerful data management network.
To optimize DAG ledgers for the handling of databases, CyberVein improves on Directed Acyclic Graph architectures by introducing a resource conserving consensus algorithm, as well as a smart contracting language and virtual machine, optimised for the management of massive amounts of data.
