viction

Viction, formerly known as TomoChain, is a public blockchain platform designed for decentralized applications (dApps) and token issuances. It aims to provide a scalable, low-cost, and high-performance infrastructure for the growing Web3 ecosystem. Viction focuses on enabling fast transaction speeds and reducing energy consumption compared to some other blockchain technologies.

The platform utilizes a Proof-of-Stake (PoS) consensus mechanism, specifically a variation known as Proof-of-Authority (PoA) with a rotating masternode structure. This approach allows for a high transaction throughput while maintaining a degree of decentralization. Viction supports smart contracts and is compatible with the Ethereum Virtual Machine (EVM), making it easier for developers to migrate existing dApps or build new ones.

Viction's native cryptocurrency, VIC, serves as a utility token within the network. It is used for transaction fees, staking, and rewarding masternodes. The project has been working on various enhancements to its network, including scaling solutions and features to improve user experience and developer adoption. Its rebranding from TomoChain to Viction signifies an evolution in its strategy and a broadened focus on the future of decentralized technologies.