When forming a transaction in Blockchain Ventureon, you can check the wallet prefix for account status

As we already reported earlier, the VNN address space assumes that each user has a primary and 254 additional addresses. But this is not all: before the address is also an alphabetic prefix. This prefix is intended for the orientation of the user regarding the status of trust of its counterpart in the system.

‘In simple words, a prefix is needed to determine who you are dealing with. By using prefixes, the level of trust to the wallet that the user uses to make a transaction increases, which is more than relevant. This will simplify and accelerate the definition of the status of the counterparty’s trust. It should be noted that all our developments are focused on creating the highest quality innovative solutions for the convenience of holders of VNN wallets’, said Igor Brikov, the leading IT developer of the Blockchain Ventureon project.

The letters used in VNN users’ wallet prefixes have their meaning, and this will help to immediately orientate themselves regarding the level of trust and possible risks. For example:

 U - simple user

P - premium user

V - verified user

K - collective wallet

C - legal entities and cross-border companies

 Service accounts for VNN:

E - emission pool

N - notary

 In order to understand how it works, and what you can learn from the prefixes, consider the different examples of a hundred-millionth address:

Example 1 - U: AVSsQ7K3MQpKmTUWTFXFV

  • The address of a simple anonymous user with a minimum level of trust.
  • All transactions with such accounts are made at your own risk.
  • The wallet of such a user is not recoverable in the case of loss of keys.

Example 2 -  P: AVSsQ7K3MQpKmTUWTFXFV and V: AVSsQ7K3MQpKmTUWTFXFV

  • These addresses belong to premium users and users verified through Notaries.
  • As you have already understood, such accounts should be trusted. Technically, the difference between them is insignificant.
  • Premium accounts belong to people who provided invaluable assistance in the creation and development of the Ventureon project. Such wallets can be restored in the case of loss of keys.

Example 3- K: AVSsQ7K3MQpKmTUWTFXFV

  • This is how the collective account looks. As it is already clear from the name, this address belongs to and is managed by a group of individuals.
  • It is difficult to lose keys, but you can. It is not subject to restoration.
  • The level of trust is doubtful, which is, in principle, obvious according to the characteristics listed.

    Example 4 - KV: AVSsQ7K3MQpKmTUWTFXFV

    • And a whole other story with this address: it is a collective verified address. This account status is assigned if there are verified users or companies in the group.
    • You can trust this address. Wallets can be restored.

Example 5 - C: AVSsQ7K3MQpKmTUWTFXFV

  • Such an address is received by legal entities and cross-border companies.
  • You can obtain such a prefix after verification from the Notary Ventureon, which indicates a significant status of trust.
  • As you can see, the level of trust is high. Wallets can be restored.

 Example 6 - E: AVSsQ7K3MQpKmTUWTFXFV

  • Addresses belong to owners of emission pools.
  • The level of trust is high.
  • Wallets can be restored.

 Example 7 - N: AVSsQ7K3MQpKmTUWTFXFV

  • Address of the Notary / Arbitrator of the Ventureon blockchain. One might say, the "guru" of trust among the addresses.
  • The level of trust is the highest.
  • Wallets in the event of loss of keys can be restored, but only by decision of at least 5 Arbitrators.

 In the VNN address space, there can be combinations of letters:

NP - Notary, premium user.

NE - Notary, the owner of the emission pool.

NEP - Notary, the owner of the emission pool, premium user.

EP - Emission pool, premium user.

EK - Collective emission pool.

 We recall that when creating a transaction for users of VNN addresses, there will be a possibility to check the wallet prefix for compliance with the status of the account. Such an opportunity is provided by the developers of the project, in order to guide the user regarding the status of trust of its counterparty in the system.