破解《伏尼契手稿》关键：其字符、词与空格均非字母、单词或分隔符。

The Voynich manuscript (Beinecke MS 408) is usually analysed on three unstated assumptions: that its glyphs are letters, that the strings between blanks are words, and that every blank is a word space. We test all three against the Zandbergen-Landini transliteration with matched prose, cipher, and pseudo-text controls and quire-level resampling. None holds, and the failures share a shape: the order in Voynichese sits at the edges of tokens and at graded boundaries between them, not in the succession of tokens themselves. Glyph regularity is too strong for one-to-one substitution of any tested plaintext (conditional entropy 2.7 bits against about 3.5 for Latin, Italian, and English) and resolves instead onto a quire-stable scale of recurrent multi-symbol units. Tokens form a plausible vocabulary, yet the identity of one token predicts the next by under 1% of token entropy, below every matched control (2-10%), while the glyphs at token edges share 0.2 bits of mutual information, more than in any prose control. Blanks fall into two regimes: the separators transcribers marked uncertain behave like word-internal junctures, are physically narrower on the page (AUC 0.905 from independent image coordinates, with the same sign in a small blind ink audit), and are crossed by learned units even when every space is erased before learning. This profile is also what discriminates. A published Voynich-imitating cipher and a self-citation text generator both reproduce the low entropy, the unit scale, the weak token order, and the null result of a calibrated substitution attack; neither reproduces the edge-glyph coupling or the open, hapax-rich vocabulary (70% singleton types against 41% and 59-60%). Any account of the manuscript must therefore earn, rather than assume, the step from glyphs, tokens, and separators to letters, words, and word spaces, and these are the measurements on which to do so.