Vanar Chain is a decentralised Layer 1 blockchain ecosystem focused on real-world adoption, primarily in the gaming, entertainment, and brand solution sectors. It aims to provide a secure and scalable environment for decentralised applications (dApps) and the metaverse, addressing challenges such as scalability, interoperability, and energy efficiency.
Vanar Chain operates as a Layer 1 blockchain platform, utilising a hybrid consensus mechanism combining Proof of Authority (PoA) and Proof of Reputation (PoR) to enhance network security and trustworthiness. It supports Ethereum Virtual Machine (EVM)-compatible smart contracts, allowing developers to deploy applications similar to those on the Ethereum network. Vanar Chain also offers fixed gas fees, ensuring predictable costs for operations, and prioritises sustainability by operating on carbon-neutral data centres.
Vanar Chain's potential use cases include:
Vanar Chain was founded by Jawad Ashraf and Gary Bracey, originating from Virtua, a VR company. Significant milestones include an Initial Exchange Offering in December 2020, the token swap from $TVK to $VANRY, and strategic partnerships with various tech and security giants. The Vanguard testnet launch showcased its capabilities, achieving substantial transaction and wallet interactions, indicating readiness for wider adoption.