Blokista Docs
  • Summary
  • DOCUMENTATION
    • Learn about the Blokista Platform
      • Blokista Overview: vision, strategy and platform components
      • The Blokista Blockchain
        • Discovering the Network
        • Blokista Consensus
        • Delegation through Staking with Validators
        • Ethereum (EVM) Compatibility and Smart Contracts
        • Boosting Blokista's Scalability
      • Blokista Token (BCC)
        • BCC Tokenomics
        • Exchanges, Wallets, On-Ramps and DeFi Tools Supporting BCC
        • BCC on Other Chains
      • Interoperability
      • Blokista Governance and Development
        • Blokista Assembly
        • Blokista Improvement Proposals (FIPs)
      • Wallets supporting Blokista
    • Blokista for Business
    • Things you can do on Blokista
      • Interacting with the Blokista Blockchain
      • Blokista Ecosystem
      • Community
      • Grants and Bounties
    • Blokista Mobile Infrastructure Use Cases
  • Developers
    • Network Details
      • Blokista Mainnet
      • Blokista Testnet Spark
      • Token Faucets
      • Network Upgrades
        • Upgrade Guide
        • Upgrade Guide (explorer nodes)
        • Block 13,800,000 Fork
        • FIP's
    • Blokista Consensus
      • Contracts Overview
      • Stake, Delegate and Withdraw
      • Vote
      • End-of-Cycle Flow
      • Contract Addresses
    • How to run network nodes
    • Resources & Tools
      • TheGraph
      • WalletConnect on Blokista
    • Important smart contracts
      • Blokista Token
      • Blokista Dollar
      • Major Deployed Contracts
      • Bridges
        • Ethereum ↔ Blokista GoodDollar Token
        • Ethereum ↔ Blokista BCC20 Tokens
        • BSC ↔ Blokista BNB
        • BSC ↔ Blokista Native
        • BSC ↔ Blokista BCC20
        • Ethereum ↔ Blokista Native
    • How to become a validator
      • Getting started as a validator
      • Getting started as on the Blokista testnet
  • Links
    • Discord
    • Facebook
    • GitHub
    • LinkedIn
    • Medium
    • Telegram
    • Twitter
    • YouTube
Powered by GitBook
On this page
  1. DOCUMENTATION
  2. Learn about the Blokista Platform

The Blokista Blockchain

PreviousBlokista Overview: vision, strategy and platform componentsNextDiscovering the Network

Last updated 1 year ago

Network Overview and Key Metrics

Blokista is the decentralized EVM-compatible public blockchain that powers the Blokista 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 Blokista.

The Blokista 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 Blokista core team.

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

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

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

In its present capacity, the Blokista blockchain is capable of processing around 120 native token transfers and 60 BCC20 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
Blokista Improvement Proposals