# Vertisan Whitepaper Vertisan is a digital currency that operates without the need for banks or governments, which is intended to function as a unit of exchange for the general population in daily life. In simple terms, Vertisan is the incarnation of true peer-to-peer anonymous money. ## Abstract In society's current evolutionary state, currency is not effective without a payment solution. Worldwide differences in technological adoption necessitate a payment solution that functions both with internet-connected devices and in isolated, offline, analog states. There were no concepts of computers, networks, encryption, or decentralized finance when Ludwig Von Mises authored his theories on money and credit in 1912 and in later works. Vertisan still holds up to Mises' Regression Theorem even though there are no physical backing assets. The integrity of the network and its resistance to corruption is what provides the stability of value. Money is any item or medium of exchange that symbolizes perceived value. Fiat money is government-issued currency that is not backed by a physical commodity, but by the stability of the issuing government. Vertisan as a currency is backed by the stability of the underlying network technology Fractal and it's ability to safeguard stored value indefinitely into the future. The value of both fiat currencies and cryptocurrencies is set by supply and demand, as well as people's faith in its worth. Today, the value of most monies and currencies are decided purely by its purchasing power, as dictated by inflation. Vertisan is free from inflation, based upon it's fixed supply and the inability modify any parameters detailed in the Sovereign Entity Protocol. Vertisan serves as both money and currency. Those terms are interlaced, but have different meanings; currency is one form of money. Money refers more broadly to a system of perceived value which allows for the exchange of goods and services. Vertisan provides additional value because it allows the economy to grow as financial transactions can be completed at exponentially greater speeds and with a significantly greater volume. Not against the dollar, euro, yen, or other fiat currencies Believe in individual rights and individual freedom. People being in charge of their own destiny. More economic freedom equals more economic growth. A way for people to conduct business: to buy goods and services privately without being controlled. To have control over their own money. Autonomy. Simple Fast When considering if a global currency is viable, it's notable to quote Ludwig von Mises, "It is impossible to have a money that is only government-made, made by the world government, if it is not once and for all limited in its quantity." The context of that statement supports the notion of a global currency, provided that the supply is fixed and permanently immutable. Quoting Ludwig von Mises, "We must realize that money can operate, it can work, only if we have a system in which the government is prevented from manipulating the value of the money. We need not ask whether it is better to have a money with a higher or lower purchasing power per unit. What we must realize is that we ought not to have a system of money in which the value of the monetary unit is in the hands of the government so that the government can operate, manipulate the money market in the way it wants to." ## Vertisan Pillars ### Utility Vertisan has a broad spectrum of utility, which makes it unique in its overall value proposition. - Everyday use by all people - Hedge against inflation - Permanent, persistent store of value #### Vertisan Pay ### Financial Liberty - strong anonymity - Ledger visibility flags - Simple self-custody for all ### Consensus #### VeNNeM Protocol - zero trust - verify, don't trust - still low energy consumption - don't sacrifice zero trust in an effort to achieve energy efficiency and transaction processing speed. - ### 100 Year Solution (Longevity) Data exists on a network level, not on an app level. Plugin architecture ### Quantum Resistence - Vecton - VeNNeM - Particle Lattice - Digital DNA - CQRS - Plugin architecture - Quantum-safe transmission protocol ### Threat Protection - Vertisan Particle - No Sybil attacks possible - No DDoS ### Accountability (Anti-Fraud) - "fraud reversal protection" - Biometric cards - FIDO keys - Send with rollback ring contracts - Certified send ring contracts #### Liquidity Pools - Liquidity pools with automated market makers - Federated liquidity pools with a single source of truth - Autonomous and anonymous - Must register with, and be approved by the network - Follow a contract of rules and requirements. Network verifyable by users. Ejected for violation. - Liquidity is a measure of how quickly an asset can be converted into legal tender. For clarification, liquidity pools for Vertisan do not provide a direct conversion of Vertisan currency units to any legal tender; the liquidity pools facilitate defi to defi conversion in an autonomous manner. ### Governance - Sovereign Entity Protocol - Bake the operating parameters and key structures into the data lattice itself, not in the source code. Human beings are a vulnerability and an opportunity for corruption; specifically referring to the programmers that maintain and improve the source code of the network. For example, it's not possible for programmers to change the source code to increase the total supply. Whatever operating parameters specified in the Sovereign Entity Protocol will forever be immutable. ## Fractal Technology Fractal is a secure resilient financial infrastructure. It offers the world the ability to seamlessly execute and track digital asset transactions. Fractal can be considered a successor to block chain, but not in a derivative way. Fractal is a novel architectural paradigm for decentralized computing that solves all the limitations of Gen1 decentralized persistence. The name "Fractal" for the persistence technology stems from fractal geometry, which lies within the mathematical branch of measure theory. A generalized definition of a fractal is an "infinitely repeating, self-similar pattern". Regardless of the zoom level or granularity, the same structure is repeated over and over. - Fractal curves are analogous to the arms of an octopus, which have their own nervous system and can operate autonomously. - Fractals can be forcebly dissected in a process known as Amoebization and the resulting parts will continue to operate independently, eliminating the possibility of losing assets or monetary value. - Sovereign Entity Protocol is at the heart of every Fractal instance. - ## Previous Notes Perpetrated Calculus People care about if they can use it as a daily financial instrument without an excessive learning curve or altering their existing routines. Vertisan is the tip of a revolutionary technology stack that was purposely designed to serve as a global financial architecture. Core tenets of a global financial system - conceptually simple (use and value) - functionally easy to use - cryptographically secure - Immutability of data - survivability of data - global scale - resource efficiency Drill down through the layers: ## The Vertisan Currency (VTSN) There won't be any additional cryptocurrencies powered by fractal ### Utility ### Tokenomics Vertisan has an immutable global supply of 1B currency units. The total supply quantity is hard-baked into Vertisan's Sovereign Entity Protocol, which renders it impossible to alter or dilute the supply. The total supply of VTSN has already been minted, but only a limited quantity are in circulation. The majority of Vertisan is 'locked up' for various durations up to a decade, with a tiny fractional amount being unlocked daily for trading. ### Addressing Regular addresses Short addresses Universal routing by address ### Sovereign Entity Protocol ### Card Integration Vertisan Card Operating System ## Transactions Cost of one dark energy unit ### Basic Transaction Flow ### Atomic ## The Vertisan Particle ### The Math - achieving surface symmetry - achieving triadic synthesis - ### Digital DNA ### Creation Process - Scaffolding - Framing - Populating - Fusing - Decorating - Connecting ### Inaccons ### Searchability ### Reconstitution ## Fractal Technology I implemented a schema version which eliminates the possibility of a hard fork Separation of responsibility ### The UUID ### Logical Structure ### Ring Contracts Live contracts exist in a pool Contracts raise events ### Universal Transactions ### Bridges and Interconnectors ## Solving the Double Spend ## VeNNeM Consensus Protocol The VeNNeM Protocol is the consensus protocol used by VTSN, which is part of the Fractal technology stack. VeNNeM provides a true solution to the "double spend" and "Byzantine Generals" problems, unlike bitcoin which only employs a workaround. It all starts with discrete packets of data known as Particles. Those are the fundamental building blocks of the underlying technologies Coretex and Fractal. Particles cryptographically coalesce into matrices which become data objects, which then in turn attach to an immutable data lattice that exists in seven dimensions. The attachment process to the lattice is completed using inaccons, which are dioptic substrates that regulate and control traversal of the lattice. The end result is an infinitely scalable, impenetrable, multi-dimensional data structure that allows unlimited asynchronous access without compromising immutability or speed. Millions of transactions can be processed simultaneously worldwide while maintaining strong data consistency and eliminating the possibility of a double spend. ### Distributed Workload ## Neurons and Hives ## Power Consumption ## Cryptocase Digital Asset Storage Multi signature transactions. Global address verification registry ### Self-Custody Multiple choices ## Nebula neural fabric ### DDHT ### Particle Persistence Engine ### Bit-Level Abstraction ## Vecton Encryption ## The Higgs ## Validation and Auditing ### Edge Workers ## List of Figures - Overall layered architecture - NCUs - Particles