📌Consensus Mechanism

Epic Blockchain introduces an innovative consensus mechanism called Proof-of-Stake Velocity which provides an incentive to all $EC holders across a network of 100 Masternodes.

PoSV Consensus

Overview

Epic Blockchain is an EVM-compatible blockchain powered by the scalable Proof-of-Stake Velocity consensus mechanism that allows every Ethereum smart contract to run with almost instant transaction confirmation. PoSV, or Proof of Stake Velocity, is a consensus algorithm to enhance the traditional Proof of Stake (PoS) mechanism. It integrates the concepts of coin age (stake) and transaction frequency (velocity) to determine rewards for validators. 100 Masternodes secure the Epic blockchain and allow for the following:

• 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 Epic blockchain. With the PoSV consensus protocol, Epic blockchain provides:

• At least 20,000 TPS while still enhancing security

• 1-second block-time and transaction confirmed within 5 seconds