Vcity Alliance Chain
According to the video weekly report of Ms. Xie Zhang, founder of Vcity, on November 18, 2024 Beijing time, it was learned that in order to further develop the Chinese Metaverse market, the Vcity platform strictly follows relevant Chinese standards and has simultaneously launched the relevant application process in China. At present, the platform is building the Vcity China version (Meta Five), and the overseas version of the public chain nodes has entered the testing stage. At the same time, the Vcity public chain R&D team is actively developing a domestic alliance chain for the Chinese market.

This article mainly introduces the relevant content of "Vcity Alliance Chain".

1. Definition and Basic Concepts
Vcity Alliance Chain is a blockchain jointly managed and maintained by multiple institutions or organizations. These institutions or organizations typically share common goals or interests. Unlike public blockchains, consortium blockchains are not open to everyone. They are permissioned blockchains, and only authorized nodes can participate in the network's consensus process and ledger maintenance.

2. Characteristics
2.1. Partial decentralization
The Vcity consortium chain falls between the complete decentralization of public chains and the high centralization of private chains. Its nodes are composed of multiple pre selected nodes that jointly maintain the operation of the blockchain. Although it is not like a public chain where anyone can join as a node, it also avoids the situation where a single entity in a private chain has complete control.
2.2. High performance and high scalability
Due to the limited number of nodes in the Vcity consortium chain compared to the public chain and their authorization, these nodes typically have high performance and reliability. The selection of consensus algorithms is also more flexible, allowing for the selection of more efficient consensus mechanisms based on actual business needs, thereby achieving higher transaction processing speeds and throughput.
2.3. Good privacy protection
The data access and sharing in the Vcity alliance chain are controlled among alliance members. Members can decide which data can be accessed by other members and which data is confidential based on pre-defined rules and permissions. This is very important for industries that involve sensitive information such as trade secrets and personal privacy.
2.4. Compliance and Regulatory Convenience
Vcity Alliance Chain is more likely to meet regulatory requirements from different industries. Because the members participating in the alliance are usually known enterprises or institutions, regulatory authorities can collaborate with these members to develop corresponding regulatory rules and audit mechanisms. The consortium chain can record detailed information about data access, modification, and other operations, which is convenient for supervision and auditing.