Network Specifications

Verychain Parameters

Basic Information

• Network Name: Verychain

• Chain ID: 4613

• Currency Symbol: VERY

• Block Time: 12 seconds

• Consensus: Proof of Authority (PoA)

Network Parameters

• Block Size: Depends on Blocksize (8,000,000 gas per block)

• Gas Limit per Block: 8,000,000 (Genesis), Maximum(9,223,372,036,854,775,807)

• Minimum Gas Price: [To be specified] 1 Gwei

• Maximum Gas Price: [To be specified] 500 Gwei

RPC Endpoints

• Mainnet: https://rpc.verylabs.io

• Testnet: null

Network Explorer

• Mainnet Explorer: https://veryscan.io

• Testnet Explorer: null

Development Environment

Required Tools

1. Node.js: v14.0.0 or higher

2. MetaMask: Latest version

3. Hardhat/Truffle: Latest version

4. Solidity: 0.8.19 or lower

Network Configuration

// Example network configuration
module.exports = {
  networks: {
    very: {
      url: "RPC_ENDPOINT",
      chainId: CHAIN_ID,
      accounts: ["PRIVATE_KEY"]
    }
  }
}

Gas Fees

Transaction Types and Costs

1. Simple Transfer: 1 Gwei

2. Contract Deployment: 1 Gwei (Depndss on SmartContract)

3. Contract Interaction: 1 Gwei (Depndss on SmartContract)

Gas Optimization Tips

1. Use appropriate data types

2. Minimize storage operations

3. Batch transactions when possible

4. Use events for off-chain tracking

Security Considerations

Network Security

• Regular security audits

• Bug bounty program

• Emergency response team

Best Practices

1. Always verify contract code

2. Use audited libraries

3. Implement proper access controls

4. Regular security updates