PoSV Consensus

Viction uses an innovative consensus method called Proof-of-Stake Voting which provides an incentive to all VIC holders to play an active part in staking across a network of 150 Masternodes.

Overview

Viction is an EVM-compatible blockchain powered by the scalable Proof-of-Stake Voting consensus mechanism that allows every Ethereum smart contract to run with almost instant transaction confirmation. 150 Masternodes secure the Viction blockchain and allow for the following:

• Token holders deposit 50,000 VIC to become a Masternode Candidate

• Token holders vote for Masternode Candidates

• Most voted Candidates are selected as Masternodes

• Masternodes create blocks in a round-robin and use double validation to prevent collusion

• Masternodes finalizing blocks are incentivized

High Performance

Massive acceleration of blockchain performance is one of the most important key features of the Viction public chain. With the PoSV consensus protocol, the Viction network provides:

• At least 2,000 TPS while still enhancing security through Double Validation

• 2-second block time and transaction confirmed within 4 seconds

Double Validation

Double validation provides a trustworthy validation layer for security enhancement through provable uniform distribution decentralized randomization. Specifically, when a Masternode creates a block, it must be verified by another Masternode that is randomly selected among the set of Masternodes before being added to the blockchain. Double validation strengthens Viction’s security, and reduces the risk of forks, and nothing-at-stake attacks, making Viction unique among Proof-of-Stake based blockchains.