Viction Chain Overview
Viction blockchain data on Dune
What is Viction?
Viction is a people-centric blockchain designed to make Web3 accessible and secure for all users. With zero-gas transactions and enhanced security, Viction empowers a wide range of applications, from decentralized finance to social networks and beyond. Viction introduces the Viction World Wide Chain, a groundbreaking network of app chains anchored by a common settlement layer, enabling extensive scalability and a seamless user experience.
Key Features of Viction
Viction’s infrastructure centers around security, scalability, and ease of use, ensuring a smooth experience for both developers and end-users across the Web3 ecosystem.
Zero-Gas Transactions
Viction removes cost barriers for users, enabling frequent and effortless in-chain transactions without the need for gas fees, making it an ideal platform for consumer-facing applications.
App Chain Scalability
The Viction World Wide Chain supports a network of app chains that operate concurrently, anchored to Viction’s main chain. This allows each app chain to scale independently, enhancing overall network capacity while maintaining secure, frictionless interactions across chains.
EVM Compatibility
With support for all EVM-compatible smart contracts, Viction allows Ethereum-based developers to build seamlessly on its platform, leveraging familiar tools like Solidity, Hardhat, and Remix.
Network Architecture
Viction’s architecture is optimized for high performance, low-latency transactions, and robust security, accommodating a diverse ecosystem of decentralized applications.
- 150 Masternode Network: Viction operates through a Proof-of-Stake Voting (PoSV) consensus with 150 masternodes, providing stability and incentivizing participation.
- Interchain Connectivity via WWCP: The Viction World Wide Chain Protocol (WWCP) facilitates seamless asset and data transfer between app chains, creating a cohesive ecosystem.
Consensus Mechanism
Viction’s PoSV consensus combines security and scalability, incentivizing active participation from token holders and ensuring an equitable validation process.
- Double Validation: This feature enhances security by requiring each block to be validated by two independent masternodes, reducing the risk of forks and other attacks.
- Fair Voting Mechanism: All Viction token holders have the power to vote for masternodes, supporting a community-driven governance structure that aligns with Viction’s decentralized mission.
Security and Reliability
Viction incorporates advanced security measures, including slashing and bailout options, to maintain network reliability and incentivize responsible behavior among validators.
- Randomization for Security: Randomized validator selection further secures the network by preventing collusion and increasing resilience to targeted attacks.
- Validator Slashing and Bailout: Misbehaving validators face slashing penalties, while a credit system allows recovery from unexpected downtime, promoting stability across the ecosystem.
Token Economy
The native VIC token powers Viction’s economy, supporting staking rewards, governance, and ecosystem incentives.
- Staking and Rewards: Validators and delegators receive rewards for participating in block production and governance, encouraging ongoing involvement.
- Governance Participation: VIC token holders can delegate their stake to preferred masternode candidates, helping shape the future of the Viction network.
Data Catalog
Logs
Access transaction logs and other activities on Viction, providing transparency into the chain’s operational data.
Blocks
Information on block production and finality, demonstrating Viction’s capacity for high-throughput operations.
Transactions
Transaction data showcasing Viction’s zero-gas approach, enabling low-cost interactions across applications.
Decoded
Decoded transaction data, facilitating insights into Viction’s app chain interactions and economic activity.
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