Technical Specifications

Blockchain Architecture: LycanChain employs a layered architecture comprising the base protocol layer, the consensus layer, the execution layer, and the application layer, ensuring modularity and scalability.

Consensus Mechanism: Utilizes Delegated Proof of Stake (DPOS) with a unique Validator/Delegator protocol. Validators are elected through voting by delegators, who stake their tokens in support.

Transaction Throughput: Capable of handling up to 5000 transactions per second, ensuring high-speed processing and efficiency.

Block Time: Approximately 3 seconds, enabling rapid confirmation of transactions and maintaining network fluidity.

Security Features: Implements advanced cryptographic algorithms, multi-signature wallets, and undergoes regular security audits to safeguard against threats and vulnerabilities.

Smart Contract Support: Fully compatible with the Ethereum Virtual Machine (EVM), allowing the deployment and execution of Ethereum-based smart contracts.

Tokenomics: LycanChain has a total supply of 721 million LYC tokens with an automated burning protocol that reduces supply by up to 25% to enhance scarcity and value.

Interoperability: Secure cross-chain bridges facilitate interoperability with other blockchain networks, promoting a connected and versatile blockchain ecosystem.

Developer Tools: Offers comprehensive SDKs, APIs, and developer documentation to support the creation and integration of dApps within the LycanChain ecosystem.

Governance: Employs a decentralized governance model that enables token holders to participate in decision-making processes, ensuring a community-driven approach to network development and upgrades.