Vecno Blockchain - A New High-Performance Layer 1Vecno is a cutting-edge blockchain platform built to address the key limitations of traditional consensus mechanisms. By combining
Proof of History (PoH),
BlockDAG structure, and an optimized consensus protocol, Vecno aims to deliver exceptional scalability, speed, and security. In high-security scenarios, it selectively incorporates
Proof of Work (PoW) for transaction validation, creating a robust, low-energy system that remains fully decentralized. This hybrid approach challenges the trade-offs of pure PoW (high energy use) and PoS (centralization risks), offering real-time transaction processing without compromising on decentralization.
Key Features:- High throughput via BlockDAG (parallel block processing)
- Fast confirmations and congestion-resistant network
- Energy-efficient design with selective PoW
- Built in Rust for performance and security
- Developer-friendly: SDKs, APIs, documentation, and tools for building dApps
Specifications:- Symbol: VE
- Decimals: 8 (for precise micro-transactions)
- Total Supply Cap: 200,000,000 VE
- Emission: Gradual block rewards with halving-like reduction over ~50 years for controlled inflation and long-term stability
- Utility: Gas for transactions, smart contracts, and network security
Premine AllocationThe Vecno Foundation manages the blockchain's financial resources with a total premine of 15 million coins, representing 7.5% of the total supply. Here's how these funds are distributed:
- Community Donation Fund: 10 million coins (5%) dedicated to the community, aiming to raise capital and increase community involvement in the project.
- Vecno Foundation Development Fund: 3 million coins dedicated to covering future development costs, operational expenses, and other foundational activities.
- Vecno Foundation Listing Fund: 1 million coins set aside to cover exchange listing costs (paired with capital raised from the community fund).
- Vecno Foundation Team Treasury: 1 million coins reserved for the Vecno Blockchain Development team and founders.
MemHash - ASIC-Resistant PoW AlgorithmMemHash is a memory-hard Proof-of-Work algorithm tailored for Vecno, promoting true decentralization by favoring standard CPUs and GPUs over specialized ASICs. Built on
BLAKE3 (one of the fastest and most secure modern hash functions), MemHash adds unpredictable memory accesses to make it inefficient for ASIC dominance while remaining lightweight for general hardware.
Algorithm Overview:- Inputs: Previous block hash (32 bytes), timestamp, nonce
- Phases:
- Initialization: Dynamic S-box generation and variable rounds (16-23) via BLAKE3
- Pre-Mixing: Intensive BLAKE3 hashing with bit manipulations
- Main Mixing (Memory-Hard Core): Per-round BLAKE3 computations, XOR mixing, arithmetic/rotation operations, and scattered S-box lookups
- Finalization: Final BLAKE3 hash for the 256-bit output
Miners adjust nonce/timestamp until the hash meets the difficulty target. MemHash is fast to verify, tunable, and highly resistant to specialized hardware.
Vecno FoundationThe Vecno Foundation is a registered Norwegian cooperative (Samvirkeforetak) responsible for development, maintenance, and ecosystem growth.
Launch InformationMinersOfficial Links
