Viction: A Deep Dive into the Zero-Gas Layer-1 Blockchain

Viction, formerly known as TomoChain, is a layer-1 blockchain designed for speed, scalability, and efficiency. Its standout feature is its innovative Zero-Gas mechanism, enabling near-costless transactions. This article delves into Viction’s architecture, ecosystem, tokenomics, and potential, providing a comprehensive overview for investors and developers.

How Viction Works

Viction’s core functionality revolves around a unique consensus mechanism and its groundbreaking Zero-Gas technology.

Consensus Mechanism: Double Validation

Viction employs Proof-of-Stake Voting (PoSV) with double validation. This process enhances security and transparency by requiring two Masternodes to sign off on each block before it’s added to the blockchain. This mitigates risks like 51% attacks and double-spending.

The double validation process unfolds in two stages:

1. Block Creation: A Masternode proposes a new block.
2. Block Validation: A randomly selected Masternode from the 150 active Masternodes validates the proposed block before adding it to the chain.

Viction Zero Gas: Enabling Cost-Free Transactions

Viction Zero Gas, an evolution of TomoChain’s TomoZ, allows projects to cover user gas fees via a smart contract called VRC25Issuer. Projects deposit VIC tokens into this contract, enabling users to interact with their applications without incurring transaction costs. For example, Baryon Network utilizes this mechanism to offer gas-free transactions to its users.

Masternode Rewards: Incentivizing Network Participation

Viction’s network is maintained by 150 Masternodes operating under the PoSV consensus. Aspiring Masternodes must stake a minimum of 50,000 VIC tokens and be elected by VIC holders. Their responsibilities include maintaining the blockchain, proposing blocks, and validating transactions.

Block rewards are distributed evenly among Masternodes, regardless of their staked amount. Every 900 blocks (an epoch), a checkpoint is created, and Masternodes validate previous blocks and receive rewards. Voters who supported elected Masternodes also receive a share of the rewards. The reward distribution is as follows:

• Infrastructure Rewards: 40% to Masternodes.
• Staking Rewards: 50% to voters and the initial 50,000 VIC staked by Masternodes.
• Foundation Rewards: 10% to a DAO managed by the Masternode Foundation.

This structure ensures Masternode profitability even with minimal transaction fees.

The Viction Ecosystem: A Suite of Tools

Viction boasts a comprehensive ecosystem of tools designed to enhance user experience and developer accessibility.

VIC Scan: Exploring the Blockchain

VIC Scan is a blockchain explorer allowing users to track transactions, monitor balances, and access on-chain data. While user-friendly, it’s still under development, with plans to incorporate more advanced features comparable to Solscan or SnowTrace.

VIC Master: Managing Masternodes

VIC Master provides information on active Masternodes, allowing users to vote for candidates and track their performance and staking ROI, currently around 11%.

VIC Issuer: Token Creation Simplified

VIC Issuer enables users and developers to create VRC25 tokens easily, facilitating the implementation of the Zero-Gas feature.

Viction Wallet: Your Gateway to the Ecosystem

Viction Wallet is a Web3 wallet designed for seamless interaction with the Viction network. Currently available on mobile, it offers a user-friendly interface for managing assets, transacting, and interacting with DApps. The desktop version includes staking and voting functionalities.

VIC Stats: Monitoring Network Health

VIC Stats provides real-time data on gas fees, Masternode performance, and network node count, offering insights into the overall health and infrastructure of the Viction blockchain.

Viction’s Advantages: Key Differentiators

Viction inherits and expands upon the strengths of TomoChain, offering several key advantages:

• EVM Compatibility: Simplifies DApp development for Ethereum developers.
• High Transaction Speed: Processes 2,000 transactions per second with fast block and transaction times.
• Zero Gas Transactions: Enables near-costless interactions for users.
• Fair Masternode Rewards: Ensures sustainable incentives for network participants.