Whitepaper
ivault Homepage
English
English
  • Welcome to ivault
  • About ivault
    • The world as we see it
    • Why ivault?
      • A track record of success
      • Blockchain pioneers
      • Tried and tested technology
    • ivault's history
      • Then: ivault app 1.0
      • Now: ivault app 2.0
    • Awards & Recognition
  • Market Analysis
    • Four problems
    • One solution
    • Market opportunity: shareconomy
    • Market opportunity: sustainability
    • ivault's user base
    • Why people will use ivault
      • To live an easier and more affordable life
      • To live more sustainably
      • To meet people and share experiences together
    • Example use cases
      • Alex, 20, university student
      • Madelaine, 41, software engineer
      • George, 55, carpenter
      • Jia Li, 36, DJ
  • ivault App
    • How ivault works
      • Step 1: Create account
      • Step 2: Add items
      • Step 3: Share and connect
      • Step 4: Earn and save
    • Key Features
      • 1. Fair and transparent: Peer-to-peer marketplace
        • 1.1 Low publishing costs: a shareconomy for everyone
        • 1.2 Accurate value estimates: fair pricing is built in
        • 1.3 Trust certification: know what you’re borrowing
      • 2. Neighborhood-first social features: building togetherness
      • 3. Rewarding sustainable actions: measure impact and earn points
        • 3.1 Earn reward points for using the app
        • 3.2 Track positive impact
        • 3.3 Learn and earn: gamification meets incentivization
      • 4. User control: non-custodial wallet for blockchain access
        • 4.1 Enhanced security: users control their data
        • 4.2 Enhanced privacy: users have private keys
        • 4.3 Trust and confidence: ensured through the Vault
  • ivault’s Blockchain Ecosystem
    • Why we use Blockchain
    • Architecture
    • The ivault Chain
      • Key functions
    • Public Networks
    • Token Swap
    • TEOS
  • The ivault Token
    • Earning ivault Tokens
    • Using ivault Tokens
    • Reward Points
    • Tokenomics
    • Token Sale
      • How we’ll use funds
        • ivault’s marketing approach
  • Security & Privacy
    • User Control
    • Privacy
    • KYC & AML
    • Industry Standards
  • Roadmap
  • Our Team and Advisors
    • Management Team
  • Disclaimer
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  1. ivault’s Blockchain Ecosystem

The ivault Chain

The ivault Chain is based on CoreLedger SparkNet.

SparkNet is an independent blockchain that runs on Ethereum technology. This network runs on the Proof of Authority (POA) algorithm. It powers 10-20 transactions per second, has a scalability of 1,000 transactions per second, and generates blocks in 5 seconds.

The ivault Chain benefits from all the security improvements that come from being part of the highly secure Ethereum mainnet.

And because it’s a hybrid blockchain, it’s:

  • Public read: anyone can read transactions using the block explorer

  • Permissioned seal: only approved addresses can validate transactions and create new blocks

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Last updated 1 year ago

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