Vacuum energy density has been defined and mass formation from “space-time” has been viewed from a different perspective. This explanation for vacuum energy is based on “space-time” and conversion of space into time keeping “space-time density” as constant. Equations for “space-time” and mutual conversion of space and time have been derived. As a result, new concept of mass creation has been explained. By postulating that space time density of universe is constant, low and high values of cosmological constant has been shown as the exchange of energy between space, time and matter. The concept has been used to explain dark energy concept of the universe. It concluded a result that velocity of light is changing with the apparent expansion of the universe. The derived equation is possible for experimental verification. Obviously it is a contradiction to Big bang model. So the derived equation with the help of quantum concepts explained the 2.7 K cosmic micro wave background radiation. Theoretical value of Hubble’s constant has been proposed which is useful for calculation of experimental results appropriately.
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