CyberVein

Overview of CyberVein

CyberVein is planning on releasing an interesting feature that will allow the owners of the data to monetize it for revenue similar to the YouTube scene, where content is provided to the public if the content is valuable more users will engage so more people are reached with advertisements which mean money for the data owner.

CyberVein aims to create a true, trustworthy, and efficient enterprise-level big-data platform, promote blockchain applications to empower the real world economy, and achieve greater data usage and monetization at a lower cost, not only to make data credible and usable, but also to make data truly valuable assets.

CyberVein recently announced multiple new developments, which include the DAVE Alliance – the company’s technology alliance, aimed at connecting big data, cloud storage, blockchain, and Artificial Intelligence (Ai) companies, associations, universities, and outspoken data activists.

CyberVein's big-data solution is based on the PISR (private, interlink, secure, robust) distributed database, database operations are stored on CyberVein blockchain network which runs on a Proof-of-Contribution (PoC) consensus mechanism.

CyberVein is a decentralized platform designed to unify the storage, management and monetization of data through the blockchain, DAG and AI technologies, which solves the issues with scalability, speed and privacy issues.

CyberVein avoids creating inflation in the supply of tokens, a technique used in a few token economies, as this method implies that the token holders subsidize the applications’ activity on the network.

CyberVein public chain has reached a strategic cooperation with Poly Network, a cross-chain interoperability agreement, and the two parties will jointly deploy a safe and efficient cross-chain bridge.

CyberVein’s solution allows research institutions to be able to tap into more data sources and data sets, and improves the process of research by using the models results from federated learning.

CyberVein is a Chinese company, and while China has been tough on ICOs and crypto, they’re actually big supporters of blockchain tech, which probably gives extra weight to this ambitious project.

CyberVein, the next generation big data and analytics company, announced yet another major technological breakthrough during its Third Anniversary and Re-branding Conference in Shanghai today.

Blockchain

“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,” says Arthur Yu, CyberVein founder who previously worked with J.P.Morgan in London and holds finance and computer science degrees from Imperial College there.

Network

Blockchain technology is not designed for storing massive amounts of data in order to solve this problem CyberVein have come up with a solution in order to allow a network of decentralized databases.Contracts are private this allows network congestion to not become a problem, however, these private contracts allow for communication and exchange of value and information with ease.This is done by modifying the smart contract language so it is ideal for database management.

Support

If the Chinese government is allowing CyberVein to develop their own chain, that’s probably a good sign.

Transactions

CyberVein is on a mission to make data credible in the same way Bitcoin made transactions credible or how Ethereum made codes credible.

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How do I buy CyberVein?

It is not possible to buy all cryptocurrencies with U.S.dollars.Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S.dollars using Coinbase or BlockFi.Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including CyberVein.

How Many CVT Coins Are There in Circulation?

CyberVein launched its project on March 26, 2018 with 2,147,483,648 (~2.1 billion tokens) CVT tokens created at genesis.The token is pre-mined and has a fixed supply.CyberVein avoids creating inflation in the supply of tokens, a technique used in some token economies, as this method implies that the token holders subsidize the applications’ activity on the network.Instead, CyberVein is designed to operate in the long term in a sustainable fashion relying on big-data service fees from DAVE alliance.To subsidize network activities during the network’s bootstrap phase, a capped pool was allocated (see “Long-term Reserves” below) and dedicated for both expanding the ecosystem and for providing proof-of-contribution token rewards.

How Many CyberVein Coins Are There?

There are currently 1,060,404,496 CyberVein coins circulating out of a max supply of 2,147,483,648.

Qu'est ce qu'un Masternode ?

Un masternode est un nœud de réseau (serveur) dont le rôle est d’apporter des fonctionnalités supplémentaires sur une Blockchain.

Qu'est ce qu'un Mineur ?

Un mineur est un ordinateur dont le rôle est de valider des transactions sur le réseau blockchain.Cette dernière reçoit des récompenses contre son travail.

Qu'est ce que le staking ?

Le staking est un mécanisme de validation sur la blockchain consistant à immobiliser une quantité de cryptomonnaies en échange de récompenses créditées à intervalle régulier.

What coins are similar to CyberVein?

The following coins use the same hashing algorithm (Ethash) as CyberVein: Sentinel, U Network, eosDAC, AdHive and Daneel.

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What hashing algorithm does CyberVein use?

CyberVein is a coin that uses the
Ethash algorithm.

What Is CyberVein (CVT)?

CyberVein's big-data solution is based on the PISR (private, interlink, secure, robust) distributed database, database operations are stored on CyberVein blockchain network which runs on a Proof-of-Contribution (PoC) consensus mechanism.The solution is focusing on enterprise-level "blockchain + big-data" customized services.

What Is CyberVein Cryptocurrency?

Currently hovering at #141 on CoinMarketCap, CyberVein is a decentralized database network that’s built on the DAG.Before you start to yawn at the prospect of yet another blockchain startup evolving around data, the CyberVein team has a lot of powerful new tech to offer and a very clear premise.Individuals don’t get paid for their data.They should.Moreover, their data should be secure.It isn’t.

What Is CyberVein's Price Today?

CyberVein (CVT) is trading at $0.20535 USD, decreasing by -9.36% since yesterday.CyberVein has traded $5,829,837 USD in the last 24 hours.

What is CyberVein?

The CyberVein network will be the first Distributed Ledger System allowing for the decentralized management of complex datasets on the blockchain itself, without requiring centralized storage providers.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.

What is CyberVein?

CyberVein's big-data solution is based on the PISR (private, interlink, secure, robust) distributed database, database operations are stored on CyberVein blockchain network which runs on a Proof-of-Contribution (PoC) consensus mechanism.The solution is focusing on enterprise-level “blockchain + big-data” customized services.CVT is the native utility token that is used for: Storage payment: The data owner pays the corresponding storage fee based on the file size and bandwidth consumed in such a process.Computing power payment: Payments from user to owner for usage, and remuneration for software developers is going to be exclusively conducted in CVT.Data exchange: On CyberVein's federated learning platform, the data acquirer trades the data at a price contracted between the two parties for distributed modeling applications.CROSS NFT issuance payment: Dapp businesses are obligated to pay for Storage and Data Exchange in light of network resources occupied, and may set up CyberVein token as a means of payment to issue NFT or conduct business in accordance to their desired business model.

What is the Reddit page for CyberVein?

The official Reddit community (subreddit) for CyberVein is r/CyberVeinOfficial.

What is the value of CyberVein?

One CyberVein (CVT) is currently worth $0.21 on major cryptocurrency exchanges.You can also exchange one CyberVein for 0.00000380 bitcoin(s) on major exchanges.The value (or market capitalization) of all available CyberVein in U.S.dollars is $218.02 million.

What Makes CyberVein Unique?

Rather than a blockchain project, CyberVein is more of a blockchain based big-data solution, therefore CyberVein is more focused on securities concerns on enterprise level database usage, as well as feasibility of standardized and legalized data monetization.Since nowadays there’s growing concerns over data privacy breach and data losses due to database failure.

Where Can I Buy CyberVein Token (CVT)?

CVT is available through Poloniex, Bittrex Global, OKEx, MXC, Bitbns and many other exchanges.Some services will allow you to use fiat currencies to make a purchase, either through a bank transfer or a credit card.

Where can I get CyberVein wallet?

CyberVein produces its own wallet software that is available for download on its website, which allows you to store CyberVein on your computer.For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X.If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

Who Are the Founders of CyberVein?

CyberVein big-data solution was created by CV Technology Foundation, and it's whitepaper was authored by Arthur Yu and Jack Ge.Both will continue to be members of CyberVein’s executive team, with Arthur serving as Global Director and Jack as Global Ambassador.

Why the DAG?

Many people are calling the DAG (Directed Acyclic Graph) the next wave in blockchain development, or Blockchain 3.0.Since Bitcoin does not allow blocks to be created simultaneously and Ethereum faces scalability issues as more users adopt, the DAG presents significant improvements.

History of CyberVein