VINU Whitepaper
Search
K

VinuChain

The world's first zero fee EVM compatible L1
VinuChain is a novel EVM chain started by the founders of Vita Inu (VINU), that represents a significant advancement in blockchain technology.
  1. 1.
    Foundation: VinuChain is based on the Directed Acyclic Graph (DAG) architecture, which is known for high scalability and speed. It's an EVM (Ethereum Virtual Machine) compatible platform, enabling compatibility with Ethereum's ecosystem.
  2. 2.
    Determinably Feeless Model: A standout feature of VinuChain is its "Determinably Feeless" transaction model. This model is made possible through the innovative Quota System, which allows holders of the native VinuChain coin (VC) to perform a certain quota of transactions without incurring fees, based on their stake.
  3. 3.
    Mission and Goals: VinuChain aims to address critical concerns in the crypto space, including speed, scalability, decentralization, security, cost, and carbon footprint. It prioritizes eliminating fees and network spam while being energy-efficient.
  4. 4.
    Stake-Based Benefits: Stakers can enjoy a fee-less network, which not only increases the Total Value Locked (TVL) but also reduces spam risks. Non-stakers still benefit from minimal fees compared to traditional blockchains, with the option to stake for zero fees.
  5. 5.
    Proof of Liquidity (PoL): VinuChain employs a unique anti-spam mechanism called Proof of Liquidity to prevent spam attacks prevalent in low-fee or no-fee networks.
  6. 6.
    Scalability and Efficiency: The platform boasts near-infinite scalability with goals of achieving high transaction throughput (up to 5000 transactions per second) while being energy efficient, avoiding the high carbon impact of traditional Proof of Work (PoW) algorithms.
  7. 7.
    Fast Transaction Finality: VinuChain ensures one-second finality for transactions, enabling fast and secure transaction processing for a seamless user experience.
  8. 8.
    Consensus Mechanism: It uses a Proof of Stake (PoS) consensus mechanism, which is more energy-efficient compared to PoW.
  9. 9.
    Use-Cases: The platform is designed to support a variety of applications, including P2P payments and remittances, microtransactions, supply chain management, decentralized applications (dApps), and gaming.
  10. 10.
    Layer 1 Protocol: As a Layer 1 protocol, VinuChain provides the foundational infrastructure for transactions, consensus, and smart contract execution.
  11. 11.
    Governance and Gas Coin: VC, the native token, serves as both the governance and gas coin of the platform, supporting smart contracts, dApps, and ensuring near-instant scalability and throughput.
  12. 12.
    Environmental Sustainability: With no reliance on energy-intensive mining, VinuChain maintains a lower carbon footprint compared to traditional blockchains, aligning with environmental sustainability goals.
  13. 13.
    Vision for the Future: VinuChain aims to be at the forefront of a sustainable, frictionless society as a fast, secure, and accessible network that modern users demand.
In summary, VinuChain distinguishes itself with its EVM compatibility, feeless transaction model, DAG-based architecture, energy efficiency, and wide range of potential applications, aiming to make blockchain technology more accessible, cost-effective, and environmentally sustainable.