The core concept (Core Concepts) of the Vexanium Blockchain consists of accounts (accounts), wallets (wallets), Permissions (authorization / permission)
Account
Account / Account is the name of the account in the Vexanium blockchain usually in the form of 12 characters and only in the form of numbers 1-5, the account (account) That can be owned through authorization by individuals or groups (Multi Signature) depending on the configuration of permissions on the account
Wallet
Wallet (Folder) or Folder that holds the key in the form of Public Key and Private Key that may Ideally Wallet or wallet has a status of locked (encrypted) and not locked (decrypted) which is protected by a high entropy password. , one Wallet Folder can have several accounts (accounts) from 1 to hundreds of accounts in one wallet, Inside the Wallet there will be Public Key and Private key
Public Key: VEX232321222ereer (Public Key starts with VEX in front)Private Key: 5Kk933kk (Public Key usually starts with number 5)
Account Permission (autorisasi & Signature)
Permission to perform Actions or Transactions made on Permits that can be given to authorities for certain contract actions by linking authorization or Signature, the signature function on the vexanium blockchain can be single signature or multi signature (such as a signature on a bank account)
Permision can also be a requirement for transactions sent on behalf of the permit. Permission can be given to authorities for certain smart contract actions by linking authorization or linkauth.
An explanation of Account Permission can be seen more clearly in the Protocol section
SmartContract
adalah bagian dari kode yang dapat dieksekusi pada blockchain dan menjaga status eksekusi kontrak sebagai bagian dari sejarah abadi dari contoh blockchain itu. Oleh karena itu, pengembang dapat mengandalkan blockchain itu sebagai lingkungan perhitungan tepercaya di mana input, pelaksanaan, dan hasil dari kontrak pintar adalah independen dan bebas dari pengaruh eksternal.
Delegated Proof of Stake (DPOS)
Vexanium Blockchain Platform implements a decentralized consensus algorithm that is proven capable of meeting application performance requirements on the blockchain called Delegated Proof of Stake (DPOS). Under this algorithm, if you hold a VEX (coin / token) on a Vexanium-based blockchain, you can choose Block Producers through a continuous approval voting system. Anyone can choose to participate in block production and will be given the opportunity to produce blocks, provided they can invite users / or token holders to vote for them.
System Resources
The Vexanium Blockchain Resource System consists of RAM, NET and CPU
NET is NETWORK BANDWITH, measured in bytes, from transactions and is called Netweb bandwidth, in a simple concept this NET will be the seat available on every train that departs and enters the blockchain. Your chair will always be provided, and if you need it, it will be yours. But if there is no one on the train, you can lie on a lot of chairs because it’s free! So NET is a way to make sure you have a seat when the train goes.
CPU The CPU, in a VEXANIUM-based blockchain, represents the processing time of an action and is measured in microseconds (μs). The CPU is referred to as cpu bandwidth, the concept of CPU if we analogize in Kerta Trip CPU is how often you take the train, and works like NET as far as the allocation goes. You may have a train ticket, but of course tickets can only be used on certain days and times. Now the VEX train is relaxed enough, so that any unused space is free for reuse (CPU and NET), free for use by people who pay to get more space. CPU and NET are shared resources called BANDWIDTH.
RAM, in a Vexanium-based blockchain, is one of the important system resources consumed by blockchain accounts and smart contracts. RAM acts as a permanent storage and is used to store account names, permits, token balances, and other data for fast on-chain data access. RAM needs to be purchased and not based on betting because this is a limited persistent resource. is your storage room on the train. If you need to carry a ton of luggage, you need to pay per bag to check your bag on the train. If you don’t carry a lot of luggage, you can sell your storage space to other people who take the train.
CPU and NET can be obtained with VEX stake, which basically locks your token for a certain time. When users want to transfer their VEX, they can release their tokens, basically doing free transactions. RAM cannot be obtained through archiving but can be bought and sold and used to store other tokens for example.
