pages/wicchain.mdx

WicChain Network

WicChain is a high-performance, EVM-compatible blockchain that powers the WicSwap ecosystem. Built for speed, scalability, and low costs, WicChain provides the perfect foundation for decentralized finance applications.

What is WicChain?

WicChain is a next-generation blockchain network designed specifically for DeFi applications. It combines the security and decentralization of Ethereum with the speed and cost-effectiveness required for mainstream adoption.

Key Features

• EVM Compatibility: Full Ethereum Virtual Machine support
• High Throughput: 10,000+ transactions per second
• Low Fees: Average transaction cost under $0.001
• Fast Finality: 2-second block times with instant finality
• Interoperability: Native bridges to major blockchains
• Developer-Friendly: Easy migration from Ethereum

Network Specifications

Technical Details

Network Information

Consensus Mechanism

Proof of Stake Overview

WicChain uses a Delegated Proof of Stake (DPoS) consensus mechanism that provides:

• Energy Efficiency: 99.9% less energy consumption than PoW
• Scalability: Handle high transaction volumes
• Security: Economic incentives align validator behavior
• Decentralization: 101 validators from around the world

Validator Network

Active Validators

• Total Validators: 101
• Geographic Distribution: Global presence across 6 continents
• Minimum Stake: 1,000,000 WIC
• Reward Rate: 8-12% APR for validators
• Slashing Conditions: Downtime and malicious behavior penalties

Validator Selection

Validators are elected through:

1. Self-Staking: Minimum 1M WIC required
2. Delegation: Community members delegate WIC to validators
3. Performance Metrics: Uptime, block production efficiency
4. Community Voting: Reputation and contribution factors

Block Production

Block Production Cycle:
├── Validator Selection (every epoch)
├── Block Proposal (2-second intervals)
├── Consensus Voting (BFT mechanism)
└── Block Finalization (instant finality)

WIC Token (Native Asset)

Token Overview

WIC Utilities

1. Transaction Fees

• All transactions require WIC for gas
• Dynamic fee model based on network congestion
• Average cost: $0.0005 per transaction

2. Validator Staking

• Minimum 1M WIC to run a validator
• Delegation available for smaller holders
• Staking rewards: 8-12% APR

3. Governance

• Network parameter voting
• Validator selection influence
• Protocol upgrade decisions

4. Bridge Operations

• Cross-chain transaction fees
• Liquidity provision rewards
• Bridge validator staking

Network Architecture

Layer Structure

WicChain Architecture:
├── Application Layer (DApps, WicSwap)
├── Contract Layer (Smart Contracts, EVM)
├── Consensus Layer (DPoS, BFT)
├── Network Layer (P2P, RPC)
└── Storage Layer (State, Blockchain Data)

EVM Compatibility

WicChain provides full Ethereum compatibility:

• Smart Contracts: Deploy Solidity contracts without changes
• Web3 APIs: Standard JSON-RPC interface
• Development Tools: Hardhat, Truffle, Remix support
• Wallet Integration: MetaMask, WalletConnect compatible

Interoperability Features

Cross-Chain Bridges

Native bridges to major networks:

Bridge Security

• Multi-Signature: 7-of-11 validator multi-sig
• Time Delays: 24-hour delay for large transfers
• Rate Limits: Daily withdrawal limits per user
• Emergency Pause: Circuit breakers for security incidents

Network Performance

Transaction Throughput

Current network statistics:

• Peak TPS: 12,847 transactions per second
• Average TPS: 2,341 transactions per second
• Daily Transactions: ~200 million
• Network Utilization: 23.4% average

Gas Fee Analysis

Network Health Metrics

DeFi Ecosystem on WicChain

Major Protocols

DEXs (Decentralized Exchanges)

1. WicSwap: Leading AMM with $45M TVL
2. QuickSwap WIC: Cross-chain DEX aggregator
3. SushiSwap WIC: Community-driven AMM
4. 1inch WIC: DEX aggregator for best prices

Lending Protocols

1. WicLend: Native lending and borrowing
2. Compound WIC: Interest rate protocol
3. Aave WIC: Money market protocol
4. Venus WIC: Algorithmic money market

Yield Farming

1. WicSwap Farms: Native yield farming
2. Beefy WIC: Auto-compounding strategies
3. Harvest WIC: Yield optimization
4. Alpha WIC: Leveraged yield farming

Total Value Locked (TVL)

Developer Resources

Getting Started

1. Development Environment Setup

# Install Node.js and npm
npm install -g @wicchain/cli
 
# Create new project
wic-cli init my-dapp
cd my-dapp
 
# Install dependencies
npm install @wicchain/web3 @wicchain/contracts

2. Network Configuration

// Hardhat config for WicChain
module.exports = {
  networks: {
    wicchain: {
      url: "https://rpc.wicchain.org",
      accounts: [process.env.PRIVATE_KEY],
      chainId: 8899,
      gasPrice: 1000000000 // 1 gwei
    },
    wicchain_testnet: {
      url: "https://testnet-rpc.wicchain.org",
      accounts: [process.env.PRIVATE_KEY],
      chainId: 8898,
      gasPrice: 1000000000
    }
  }
}

3. Smart Contract Deployment

// Sample contract deployment
pragma solidity ^0.8.0;
 
contract MyDApp {
    // Your contract code here
    // Fully compatible with Ethereum
}

Development Tools

Supported Frameworks

• Hardhat: Full support with WicChain plugin
• Truffle: Native WicChain network support
• Remix: Direct deployment to WicChain
• Foundry: Testing and deployment framework

Libraries and SDKs

• Web3.js: JavaScript blockchain interaction
• Ethers.js: Modern Ethereum library
• WicChain.js: Native WicChain SDK
• Wagmi: React hooks for Ethereum

Testing and Debugging

• WicChain Testnet: Free testing environment
• Local Node: Run WicChain node locally
• Block Explorer: Transaction and contract inspection
• Faucet: Free testnet WIC tokens

Documentation and Support

Developer Resources

• Official Docs: https://docs.wicchain.org (opens in a new tab)
• GitHub: https://github.com/wicchain (opens in a new tab)
• Discord: https://discord.gg/wicchain-dev (opens in a new tab)
• Tutorials: Step-by-step guides and examples

Grant Programs

• Builder Grants: Up to $50K for promising projects
• Hackathon Prizes: Regular hackathon events
• Ecosystem Fund: $10M fund for strategic projects
• Technical Support: Direct team assistance

Network Governance

Governance Model

WicChain uses a hybrid governance approach:

On-Chain Governance

• Parameter Changes: Gas prices, block size, etc.
• Validator Set: Election and removal of validators
• Protocol Upgrades: Non-breaking improvements
• Treasury Management: Ecosystem fund allocation

Off-Chain Governance

• Major Upgrades: Hard forks and consensus changes
• Strategic Decisions: Partnership and integration choices
• Community Proposals: Feature requests and improvements
• Emergency Responses: Critical security measures

Governance Process

Proposal Lifecycle:
├── Discussion Phase (7 days)
├── Formal Proposal (48 hours)
├── Voting Period (5 days)
├── Execution Delay (24 hours)
└── Implementation

Voting Power Distribution

• Validators: 40% voting weight
• WIC Stakers: 35% voting weight
• DApp Developers: 15% voting weight
• Community: 10% voting weight

Security and Audits

Network Security

Validator Security

• Slashing Conditions: Penalties for malicious behavior
• Redundancy: Multiple validator nodes per operator
• Monitoring: 24/7 network health monitoring
• Incident Response: Rapid response team for issues

Smart Contract Security

• Audited Contracts: All core contracts audited
• Bug Bounty: $1M maximum reward program
• Formal Verification: Mathematical proof of correctness
• Continuous Monitoring: Automated security scanning

Audit History

Roadmap and Future Development

2025 Roadmap

Q2 2025

• Ethereum L2 Integration: Connect with major L2s
• Enhanced Bridge Security: Multi-party computation
• Developer Tooling: Improved debugging and testing
• Mobile SDK: Native mobile development kit

Q3 2025

• Sharding Implementation: Horizontal scaling solution
• Zero-Knowledge Proofs: Privacy-preserving transactions
• Institutional Features: Enterprise-grade infrastructure
• Cross-Chain DEX: Native cross-chain trading

Q4 2025

• Quantum Resistance: Post-quantum cryptography
• AI Integration: Machine learning for optimization
• Carbon Neutrality: Fully carbon-negative network
• Global Expansion: Regional validator programs

Long-Term Vision

WicChain aims to become the preferred blockchain for:

• DeFi Applications: Low-cost, high-speed financial services
• Enterprise Solutions: Scalable blockchain infrastructure
• Cross-Chain Interoperability: Universal blockchain bridge
• Sustainable Finance: Environmentally conscious blockchain

Getting Started with WicChain

For Users

1. Setup Wallet: Configure MetaMask for WicChain
2. Get WIC Tokens: Use faucet or bridge from other chains
3. Explore DApps: Try WicSwap and other ecosystem protocols
4. Join Community: Participate in governance and discussions

For Developers

1. Read Documentation: Start with official developer docs
2. Join Testnet: Deploy and test your applications
3. Apply for Grants: Get funding for your project
4. Launch on Mainnet: Deploy to production network

For Validators

1. Technical Setup: Prepare validator infrastructure
2. Stake WIC: Meet minimum staking requirements
3. Community Building: Attract delegator support
4. Apply for Validation: Submit validator application

Ready to build on WicChain? Join the fastest-growing blockchain ecosystem optimized for DeFi at WicChain.org (opens in a new tab)!