Bitica Coin Docs
  • Summary
  • DOCUMENTATION
    • Learn about the Bitica Platform
      • Bitica Overview: vision, strategy and platform components
      • The Bitica Blockchain
        • Discovering the Network
        • Bitica Consensus
        • Delegation through Staking with Validators
        • Ethereum (EVM) Compatibility and Smart Contracts
        • Boosting Bitica's Scalability
      • Bitica Token (BDCC)
        • BDCC Tokenomics
        • Exchanges, Wallets, On-Ramps and DeFi Tools Supporting BDCC
        • BDCC on Other Chains
      • Interoperability
      • Bitica Governance and Development
        • Bitica Assembly
        • Bitica Improvement Proposals (FIPs)
      • Wallets supporting Bitica
    • Bitica for Business
    • Things you can do on Bitica
      • Interacting with the Bitica Blockchain
      • Bitica Ecosystem
      • Community
      • Grants and Bounties
    • Bitica Mobile Infrastructure Use Cases
  • Developers
    • Network Details
      • Bitica Mainnet
      • Bitica Testnet Bitica
      • Token Faucets
      • Network Upgrades
        • Upgrade Guide
        • Upgrade Guide (explorer nodes)
        • Block 13,800,000 Fork
        • FIP's
    • Bitica Consensus
      • Contracts Overview
      • Stake, Delegate and Withdraw
      • Vote
      • End-of-Cycle Flow
      • Contract Addresses
    • How to run network nodes
    • Resources & Tools
      • TheGraph
      • WalletConnect on Bitica
    • Important smart contracts
      • Bitica Token
      • Bitica Dollar
      • Major Deployed Contracts
      • Bridges
        • Ethereum ↔ Bitica GoodDollar Token
        • Ethereum ↔ Bitica BDCC20 Tokens
        • BSC ↔ Bitica BNB
        • BSC ↔ Bitica Native
        • BSC ↔ Bitica BDCC20
        • Ethereum ↔ Bitica Native
    • How to become a validator
      • Getting started as a validator
      • Getting started as on the Bitica testnet
  • Links
    • Instagram
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    • GitHub
    • LinkedIn
    • Telegram
    • Staking Telegram
    • Twitter
    • Twitter
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  1. DOCUMENTATION
  2. Learn about the Bitica Platform

The Bitica Blockchain

PreviousBitica Overview: vision, strategy and platform componentsNextDiscovering the Network

Last updated 1 year ago

Network Overview and Key Metrics

Bitica is the decentralized EVM-compatible public blockchain that powers the Bitica platform and ecosystem. It is fully compatible with Ethereum meaning that any smart contract that can be deployed on the latter can also run on top of Bitica.

The Bitica blockchain uses a variant of delegated Proof of Stake (dPoS) for achieving . The consensus is secured by a significant number of independent validators, only one of which is run by the Bitica core team.

Validators are also responsible for the most important type of governance on Bitica, namely, adopting the network protocol changes via (FIPs).

The native token of the network is called BDCC. New BDCC tokens are issued with every added block and are also use to pay for gas, just like ETH on Ethereum.

The Bitica blockchain is designed to ensure fast block confirmation times and a low cost of transactions. The average block interval on Bitica is around 5 seconds, and it currently costs much less than $0.01 to get a transaction confirmed.

In its present capacity, the Bitica blockchain is capable of processing around 120 native token transfers and 60 BDCC20 token transfers per second. The faster processing of native token transfers is due to the fact that they do not involve computations run on the network's virtual machine.

consensus
Bitica Improvement Proposals