VirBiCoin Whitepaper
The EVM-Compatible Blockchain for the Metaverse Generation
1. Abstract
This paper details VirBiCoin (VBC), a Layer 1 blockchain protocol designed to be the foundation for next-generation decentralized applications (dApps) and the rapidly growing Metaverse economy. Today's digital society is at the dawn of the Metaverse, where the physical and virtual worlds converge. However, its potential is constrained by the challenges facing existing blockchains. Specifically, Ethereum, the pioneer of smart contracts, faces issues of network congestion, soaring transaction fees, and a complex upgrade path. These factors hinder the seamless experiences and microtransaction economies essential for the Metaverse.
VirBiCoin presents a practical and forward-thinking solution to these challenges. Our vision is "to evolve with the Metaverse and explore new possibilities." To realize this vision, we have strategically combined Ethereum's extensive developer ecosystem with a proven technological foundation. VirBiCoin adopts "Go VirBiCoin (gvbc)," an execution layer derived from Go Ethereum (Geth), ensuring full EVM compatibility. This allows Ethereum developers worldwide to build applications and experiences for the Metaverse using their familiar tools.
To prioritize network stability and rapid initial deployment, VirBiCoin is currently professionally managed and operated on Enterprise-grade cloud infrastructure by Digitalregion, Inc. This approach provides developers with stable, high-performance infrastructure from day one. For its consensus algorithm, VirBiCoin employs Proof-of-Work (PoW), renowned for being the most decentralized and censorship-resistant, to maximize network security and reliability. This is the first step in our "progressive decentralization" roadmap, starting with centralized management and gradually transitioning to a community-driven decentralized network. We plan to migrate to the more energy-efficient Proof-of-Stake (PoS) in the future.
The native token, VBC, serves as the lifeblood of the VirBiCoin ecosystem, especially its Metaverse economy. Its primary utilities are paying for transaction fees (gas) and participating in on-chain governance to decide the protocol's future. VBC adopts an inflationary model with no supply cap, ensuring the network's security is perpetually maintained through mining rewards.
VirBiCoin's ultimate goal extends beyond providing a mere technical platform. We aim to build a stable, secure, and scalable economic foundation for Metaverse creators and participants. By removing barriers to innovation in the digital space, we strive to realize an open virtual world where everyone can enjoy its benefits.
2. Introduction
The State of dApp Platforms and the Dawn of the Metaverse
2.1. The Ethereum Paradigm and Its Limitations
Blockchain technology, particularly the concept of smart contracts, made a quantum leap with the advent of Ethereum, conceived by Vitalik Buterin. It evolved from a mere transaction ledger for cryptocurrencies into a platform for programmable decentralized applications (dApps). Ethereum boasts the world's largest developer community, a rich set of development tools, and robust security proven by numerous projects, making it the undeniable pioneer that laid the groundwork for today's DeFi and NFT ecosystems. Its success demonstrated the transformative potential of blockchain to the world.
However, this success has come at a price. Ethereum faces structural challenges rooted in the "Blockchain Trilemma"—the difficulty of simultaneously achieving maximum scalability, security, and decentralization. By prioritizing security and decentralization, Ethereum has encountered severe limitations in scalability.
Scalability Issues and Soaring Transaction Costs:
As Ethereum's popularity grew, transaction demand consistently outstripped the protocol's processing capacity. Consequently, the network became congested, and transaction fees (gas fees) skyrocketed. This issue is a particularly serious barrier in the context of the Metaverse, where economic activity relies on countless microtransactions such as item purchases, service usage, and tips to creators.
Complexity of the Upgrade Path:
The Ethereum community is aware of these challenges and is planning a series of ambitious upgrades. However, this roadmap is a complex, multi-year process during which the protocol will remain in flux. For developers aiming to build long-term Metaverse projects on a stable foundation, this uncertainty represents a significant risk.
2.2. Proposing VirBiCoin: A Practical Foundation for the Metaverse
Against this backdrop, VirBiCoin proposes a clear concept: to provide a practical and stable platform "to evolve with the Metaverse and explore new possibilities."
We aim to solve the real-world problems faced by today's developers rather than pursuing experimental technologies. To this end, we have adopted the following strategic approach:
- ●EVM-Compatible Execution Layer: We place the EVM, the world's most widely used and tested smart contract execution environment, at the heart of our protocol.
- ●Proven PoW Consensus: We adopt Proof-of-Work (PoW), whose robustness and decentralization have been proven by Bitcoin and early Ethereum.
- ●Stability Through Professional Initial Operation: The network infrastructure is professionally managed on Enterprise-grade cloud infrastructure by Digitalregion, Inc.
3. Protocol Architecture
The VirBiCoin protocol is founded on the design principles of maximizing stability, security, and developer productivity. Its architecture constructs a robust foundation for Metaverse development by combining Ethereum's mature execution layer with the proven Proof-of-Work (PoW) consensus, further enhanced by professional infrastructure management in its initial phase.
Technical Specifications
| Chain ID | 329 |
| Consensus | Proof of Work (Ethash) |
| Block Time | 12-14 seconds |
| Block Reward | 8 VBC |
| Gas Limit | 30,000,000 |
| EVM Version | Paris |
Network Configuration
| RPC URL | https://rpc.digitalregion.jp |
| WebSocket | wss://ws.digitalregion.jp |
| RPC Port | 8329/tcp |
| WS Port | 8330/tcp |
| P2P Port | 28329/tcp |
Protocol Architecture Diagram
3.1. Foundation Layer: Go VirBiCoin (gvbc)
The core client software of the VirBiCoin network is "Go VirBiCoin (gvbc)." It is the official execution layer implementation, derived from Go Ethereum (Geth), Ethereum's official Go language implementation. By building on Geth, VirBiCoin inherits several critical advantages from day one:
- ●Robustness and Proven Track Record: Geth is an incredibly robust and battle-tested codebase that has supported the world's largest smart contract platform for years.
- ●Full EVM Compatibility: gvbc is fully compatible with the Ethereum Virtual Machine (EVM). Smart contracts written in Solidity or Vyper can be deployed without modifications.
- ●Rich JSON-RPC API: It fully supports Geth's comprehensive JSON-RPC API. MetaMask, Hardhat, Truffle, Remix, Ethers.js, and Web3.js work seamlessly.
- ●Standardized Data Structures: It adopts Ethereum's account model, transaction format, and internal data structures directly.
3.2. Consensus Mechanism: Proof-of-Work (PoW)
VirBiCoin adopts Proof-of-Work (PoW) as its initial consensus layer. This choice is based on the clear intention to prioritize maximum decentralization and security during the network's launch phase.
- ●Proven Security: The security model of PoW has been proven over many years by Bitcoin and early Ethereum. Attacking a PoW network requires controlling over 51% of the network's total computational power.
- ●Permissionless Participation: In PoW, anyone can participate in the network as a miner and contribute to block generation.
- ●Future Migration to PoS: We recognize the energy consumption challenges of PoW and plan to migrate to Proof-of-Stake (PoS) in line with our project roadmap.
3.3. Initial Network Operation: Management by Digitalregion, Inc.
Network stability and high performance are crucial for a project's success, especially in its early stages. Currently, the main infrastructure of the VirBiCoin network is professionally managed and operated by Digitalregion, Inc. on Enterprise-grade cloud infrastructure platform.
- ●High Availability and Reliability: Leveraging Enterprise-grade cloud's robust infrastructure minimizes network downtime and provides stable service 24/7.
- ●Optimized Performance: A dedicated team constantly monitors and optimizes network performance.
- ●Developer Focus: Developers can fully concentrate on creating innovative dApps and Metaverse experiences.
This centralized management model is a strategic choice for the initial phase. Our ultimate goal is complete decentralized operation by the community.
3.4. Smart Contract Architecture
3.5. Security Model
Contract Security
- • ReentrancyGuard
- • Ownable
- • Pausable
- • Solidity 0.8.x
Economic Security
- • Minimum Liquidity Lock
- • Fee Checks (K-value)
- • Slippage Protection
Operational Security
- • Multi-sig wallets (Planned)
- • Timelock upgrades (Planned)
- • Community audits
3.6. Contract Addresses
| Contract | Address |
|---|---|
| SimpleFactoryV2 | 0x663B1b42B79077AaC918515D3f57FED6820Dad63 |
| SimpleRouterV2 | 0xdD1Ae4345252FFEA67fE844296fbd6C973B98c18 |
| WVBC | 0x52CB9F0d65D9d4De08CF103153C7A1A97567Bb9b |
| MasterChefV2 | 0x12A656c2DeE0EA2685398d52AcF78974fCD67B27 |
| TokenFactoryV2 | 0xE2008c44Bc077eFc1c6B5A3274ACC805c7F03b73 |
| VBCG | 0xac7F60af25C5c4E23d1008C46511e265A8c9B6cF |
| USDT | 0xdf136683B118E95c04A61FEC091c65736d9de059 |
4. VBC Tokenomics
The Economic Engine of VirBiCoin
Tokenomics is one of the most critical factors in determining a blockchain protocol's sustainability, security, and participant incentives. VirBiCoin's native token, VBC, is designed to play an indispensable role in the network's function and growth, particularly in the development of the Metaverse economy.
4.1. Core Utility of the VBC Token
⛽ Gas - The Fuel of the Metaverse Economy
VBC is the sole native token used for payments for all operations on the network. This includes all economic activities within the Metaverse, such as token transfers, smart contract execution, and NFT minting and trading.
🗳️ Governance - The Right to Decide the Future
VBC represents voting power in VirBiCoin's on-chain governance system. VBC holders can directly participate in crucial decisions regarding the digital world's rules.
🔒 Future Staking - Network Security
VirBiCoin plans to migrate to Proof-of-Stake (PoS) in the future. After the migration, VBC will function as a staking asset to maintain network security.
4.2. Supply, Issuance, and Distribution
VBC's tokenomics aim to secure initial security while promoting long-term growth and decentralization.
VirBiCoin emphasizes a fair launch and does not conduct large-scale pre-sales or allocations to VCs. 1 VBC was pre-mined in the genesis block, and 180,427 VBC were mined for testing and network stabilization before the official mainnet launch.
VBC Initial Token Allocation (180,428 VBC)
- 50% Ecosystem & Community90,000 VBC
- 25% Foundation Treasury45,428 VBC
- 25% Initial Liquidity45,000 VBC
4.3. Economic Security
The security of a PoW network directly depends on the economic value of the rewards paid to miners.
- ●Role of Block Rewards: In the network's early stages, inflationary block rewards constitute the majority of the security budget. This incentivizes many miners to join the network, increasing the overall hashrate.
- ●Path to Sustainability: Over time, the proportion of miner revenue from fees will grow. The future migration to PoS will realize a more energy-efficient and sustainable security model.
4.4. VBCG: VirBiCoin Gold
VBCG is the governance and reward token of the VirBiCoin ecosystem.
Utility
- 1.Governance Voting Rights (VIPs)
- 2.Farming Rewards for LP providers
- 3.Protocol Fees (Future)
Supply & Value
- •Max Supply: Unlimited (Inflationary)
- •Issuance: Farming rewards from MasterChef
- •Backed by DEX liquidity & Governance
4.5. WVBC: Wrapped VirBiCoin
WVBC is a wrapped version of native VBC compatible with ERC20, enabling DEX trading and DeFi integration.
- ✓deposit(): VBC → WVBC (1:1)
- ✓withdraw(): WVBC → VBC (1:1)
- ✓Fully Backed
4.6. Stablecoin Integration
VirBiCoin supports stablecoins including USDT for a stable medium of exchange.
- •USDT Decimals: 6 (Same as Ethereum)
- •DEX Pair: USDT-VBC
- •Contract: 0xdf136683B118E95c04A61FEC091c65736d9de059
4.7. Stablecoin Integration: Fully-Backed USDT
✅ vUSDT is a 1:1 Fully-Backed Stablecoin with On-Chain Proof of Collateral
💡 1:1 Backed Stablecoin Model
VirBiCoin USDT (vUSDT) adopts a full reserve model, where every token issued on VirBiCoin is backed by an equivalent amount of real USDT locked in the Ethereum "Bank Wallet." This model ensures that vUSDT maintains a stable 1:1 peg with USDT, backed by verifiable on-chain collateral.
📋 vUSDT Technical Specifications
| Token Name | VirBiCoin Tether USD |
| Symbol | USDT (vUSDT) |
| Decimals | 6 |
| Network | VirBiCoin (Chain ID: 329) |
| Contract Address | 0xdf136683B118E...5736d9de059 |
| Total Supply | 100 USDT |
| Backing Ratio | 100% |
| Collateral Type | Ethereum USDT |
🏗️ Collateral Architecture
Collateral Details
| Ethereum Collateral Address | 0x717ac1A51760Cc7Dc91b7be67c977C0635BDF117 ↗ |
| Network | Ethereum Mainnet (Chain ID: 1) |
| Collateral Token | USDT (Tether) |
| Collateral Amount | 100 USDT |
| VBC USDT Issued | 100 USDT |
| Backing Ratio | 100% (Fully Collateralized) |
| Collateral Status | 🔒 Permanently Locked (Burned) |
🛡️ Collateral Guarantees
- ✓1:1 Backing - Every VBC USDT backed by real USDT
- ✓Permanent Lock - Cannot be withdrawn
- ✓Transparent - Publicly verifiable on Etherscan
- ✓No Fractional Reserve
🚀 Future Expansion
- ○Additional USDT collateral deposits
- ○USDC collateral support
- ○Multi-sig governance
- ○Third-party audits
🔄 Issuance and Redemption Process
📥 Mint Process (Issuance)
- 1.User deposits USDT to Bank Wallet (Ethereum)
- 2.Operator confirms transaction on Etherscan
- 3.Operator mints equivalent vUSDT on VirBiCoin
- 4.vUSDT is transferred to user's VirBiCoin address
📤 Burn Process (Redemption)
- 1.User sends vUSDT to operator (VirBiCoin)
- 2.Operator burns the vUSDT tokens
- 3.Operator sends equivalent USDT from Bank Wallet
- 4.User receives USDT on Ethereum
🔐 Security Model
Bank Wallet Security
- • Cold wallet storage with hardware security
- • Limited operational access
- • All transactions publicly auditable
vUSDT Contract Security
- • Operator-only mint/burn permissions
- • No unauthorized token creation possible
- • Transparent on-chain operations
✅ Collateral Proof - Verification Guide
Anyone can verify the collateral backing at any time using these public resources:
Collateral Ratio = Bank Wallet USDT / vUSDT Total Supply = 100%
4.8. Token Flow
5. DeFi Ecosystem
VirBiCoin provides a comprehensive DeFi ecosystem to support the Metaverse economy.
5.1. Ecosystem Overview
5.2. VirBiCoin DEX
VirBiCoin provides its own AMM (Automated Market Maker) based decentralized exchange.
Core Features
- • SimplePairV2: Uniswap V2 compatible LP tokens
- • SimpleFactoryV2: Permissionless pair creation
- • SimpleRouterV2: Unified swap interface
Specs
- • Swap Fee: 0.3%
- • Min Liquidity: 1000 wei (Locked)
- • Formula: x * y = k
5.3. Yield Farming
Liquidity providers earn VBCG tokens via MasterChef V2.
- • Reward Token: VBCG
- • Allocation: Proportional to pool allocPoint
- • Security: Transfer-based rewards, Emergency withdraw
5.4. Launchpad: TokenFactoryV2
TokenFactoryV2 allows anyone to easily create ERC20 tokens.
- • Custom Name, Symbol, Supply
- • OpenZeppelin ERC20 Compliant
- • Instant DEX listing ready
- • Creation Fee: 10 VBC
6. On-Chain Governance
VirBiCoin's long-term vision is to realize a truly decentralized platform that does not depend on a single organization. While the current network is managed by Digitalregion, Inc. for stability and rapid development, this is merely the first step towards the ultimate goal of "progressive decentralization."
6.1. VirBiCoin DAO: Governance by the Community
Once the project matures and the network is sufficiently decentralized, administrative authority will be transferred from Digitalregion, Inc. to the "VirBiCoin DAO (Decentralized Autonomous Organization)," which will be operated entirely on-chain. This DAO will function as the supreme authority for all critical decisions concerning the network.
6.2. VirBiCoin Improvement Proposals (VIPs)
Changes to the protocol must be made through a transparent and structured process. The framework for this is the "VirBiCoin Improvement Proposals (VIPs)."
Changes to consensus rules, EVM upgrades, and protocol fundamentals.
Adjusting block reward amounts, gas limits, and other settings.
Allocation of ecosystem funds to specific projects.
6.3. Voting Mechanism
All voting to approve or reject VIPs will be conducted on-chain in a trustless and verifiable manner.
6.4. Governance Flow
7. Project Roadmap
The VirBiCoin project is driven by a phased development roadmap based on a clear vision and achievable milestones. This roadmap shows our journey, starting from centralized management and evolving into a community-led, decentralized Metaverse infrastructure.
Phase I: Genesis
✓ COMPLETEDBuilding a Stable Foundation (Year 1-2)
Phase II: Cultivation
IN PROGRESSFostering the Metaverse Ecosystem (Year 3-4)
Phase III: Evolution
PLANNEDProgressive Decentralization (Year 5-6)
Phase IV: Horizon
FUTURERealizing the Open Metaverse (Year 7+)
8. Use Cases
Metaverse Economy
- 💰VBC/VBCG as in-game currency
- 🖼️Trading of NFT assets
- 🏆Creator reward systems
DeFi Applications
- 💧Passive income through liquidity provision
- 🔄Token swaps
- 🌾Yield farming
Token Launch
- 🪙Issuance of project-specific tokens
- 📈Fundraising via IDO
- 👥Community building
Governance Participation
- 📝Protocol improvement proposals
- ⚙️Voting on parameter changes
- 💵Ecosystem fund allocation
9. Conclusion
The era of the Metaverse, where the boundaries between the digital and physical dissolve, is upon us. This new frontier holds infinite potential to fundamentally change our economy, society, and personal identities. However, realizing this grand vision requires a robust, scalable, and economically viable technological foundation.
VirBiCoin was born as a practical solution to bridge this gap, aiming "to evolve with the Metaverse and explore new possibilities." We have chosen to take realistic steps rather than getting lost in idealism.
Enterprise-grade cloud infrastructure managed professionally
EVM compatibility and Proof-of-Work consensus
Progressive decentralization and PoS migration
VirBiCoin does not aim to be just another fast blockchain. Our goal is to build the foundation of an open Metaverse economy where creators are duly rewarded, users truly own their digital assets, and everyone can participate freely.
The future of the Metaverse should be built not by a few giant corporations, but by the cooperation and creativity of a decentralized community. We wholeheartedly invite developers, creators, investors, and future citizens of the Metaverse to join us on this journey. Together, let's build a new chapter for the open digital world on VirBiCoin.
Published: Jun 1, 2025
Last Updated: Dec 20, 2025
Version: 1.2
Author: Digitalregion, Inc.
This whitepaper is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security or other financial instrument.