Terms

For starters, the things you should know before you use or invest in CYBEX：

• Security and Control over accounts and funds

No one can access your funds unless you let them, intentionally, or unintentionally. With the power to be independent from 3rd parties, comes the responsibility to protect what belongs to you.

• Can interact with people directly

With CYBEX it becomes possible to interact with people directly without needing to go through a middleman. Hence, CYBEX is a platform of free speech that implements a payment platform and exchange for digital goods.

• Decentralized Committee

Decisions that can affect the CYBEX ecosystem are made using an on-chain committee voted upon by shareholders. Hence, no single entity can change the deal retroactively.

Let's quickly clarify the blockchain wallet terms here:

• Account

Keys refer to the cryptography used to secure access to your account and funds. It is of importance to prevent others from gaining access to these. This is why you have to provide a passphrase that is used to store the keys in an encrypted way.

• Wallet

Each user has at least one account that can be used to interact with the blockchain. In the end, this can be seen as a single banking account with an individual balance, transaction history, etc. The advantage of using account names is that people can identify you by using a readable and memorable word instead of cryptographic addresses.

• Key

Since users can (if they have a lifetime membership) register multiple accounts in parallel, all of them are stored in a single wallet. Hence, a wallet can carry many accounts. Furthermore, users can create multiple wallets to organize their accounts properly.