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210M
Max Supply (NVM)
~3s
Block Time
~$0.001
Avg TX Cost
209
Peak TPS (measured)
50.7yr
Emission Period

Abstract

NovaMoney is a Layer 1 blockchain designed for speed, low cost, and full compatibility with the Ethereum ecosystem. Built on Cosmos SDK with CometBFT — the BFT consensus stack that secures more than 50 production chains — and the go-ethereum EVM, NovaMoney offers instant finality in ~3 seconds, negligible transaction fees, and seamless integration with existing Ethereum tooling — MetaMask, Solidity, Hardhat, ethers.js, and thousands of deployed smart contracts.

With a fixed maximum supply of 210,000,000 NVM and a sustainable ~50-year emission schedule, NovaMoney provides a predictable monetary policy that rewards long-term participation while maintaining network security through Proof of Stake consensus.

NovaMoney is purpose-built for real-world asset tokenization (RWA), decentralized finance (DeFi), and enterprise applications that demand Ethereum compatibility without Ethereum costs.

1. Introduction

The Problem

The blockchain industry faces a persistent trilemma: decentralization, security, and scalability. Ethereum, the dominant smart contract platform, achieves strong decentralization and security but suffers from high transaction costs ($5–50+ per transaction) and 12-second block times that limit its applicability for everyday use cases.

Alternative Layer 1 chains have emerged — BSC, Avalanche, Solana — each making different trade-offs. However, most either sacrifice decentralization for speed, use proprietary virtual machines that fragment the developer ecosystem, or carry the technical debt of rapid development without rigorous engineering.

The Solution

NovaMoney takes a different approach: build on the most battle-tested infrastructure in the industry and get the fundamentals right.

Rather than reinventing consensus from scratch, NovaMoney combines Cosmos SDK and CometBFT — the framework and BFT engine behind Cosmos Hub, Osmosis, dYdX and dozens more — with the go-ethereum EVM, delivering full Ethereum compatibility on top of proven Byzantine fault-tolerant consensus.

Transaction Cost Comparison
Ethereum
$5 - $50+
Expensive
BSC
$0.10
Moderate
Avalanche
$0.05
Low
Solana
$0.003
Very Low
NovaMoney
$0.001
Near Zero
Block Time Comparison
Bitcoin
600s
10 min
Ethereum
12s
12 sec
BSC
3s
3 sec
NovaMoney
4s
4 sec
Solana
0.4s
400 ms

2. Design Philosophy

Ethereum Compatibility First

Every design decision prioritizes compatibility with the Ethereum ecosystem. Same RLP encoding, same transaction format (EIP-155, EIP-1559, EIP-2718), same JSON-RPC API, same EVM opcodes. A developer who knows Ethereum already knows NovaMoney.

Simplicity Over Complexity

A modular Cosmos SDK application: each capability — staking, slashing, EVM, fee market — is an isolated, audited module. The entire node ships as a single binary. Simplicity reduces attack surface and accelerates auditing.

Performance Through Engineering

NovaMoney uses the go-ethereum EVM for execution, CometBFT for consensus and networking, and an IAVL Merkle store with snapshots and state-sync. Every component is production-grade and battle-tested.

Sustainable Economics

Designed for a 50-year horizon. No pre-mines beyond a transparent 10M genesis, no inflationary surprises: emission is zero today and any future emission must pass through the on-chain inflation module under the 210M cap. Simple, transparent rules.

3. Technical Architecture

3.1 System Overview

Crypto
secp256k1, keccak256, signing
Core
blocks, txs, accounts
Storage
IAVL store, snapshots, pruning
VM
go-ethereum EVM, EIP-1559
Consensus
CometBFT, staking, slashing
Network
CometBFT P2P, gossip, PEX
RPC Layer
JSON-RPC (EVM) | CometBFT RPC | gRPC | REST (Cosmos)

3.2 Module Architecture

ComponentResponsibilityTechnology
CometBFTBFT consensus: block production, instant finality, P2P gossipCometBFT
Cosmos SDKAccounts, bank, staking, slashing, distribution, governanceCosmos SDK
State storePersistent state, IAVL Merkle tree, snapshots, state-syncIAVL + LevelDB
EVM moduleEVM execution, gas metering, full opcode compatibilitygo-ethereum
Fee marketEIP-1559 dynamic base fee market
JSON-RPCEthereum JSON-RPC layer for MetaMask, ethers.js, Hardhat

3.3 Transaction Lifecycle

1. User signs transaction (MetaMask / ethers.js) | 2. eth_sendRawTransaction -> JSON-RPC layer -> wrapped as Cosmos tx | 3. CheckTx validation: nonce (strict order per sender), balance, gas, chain ID | 4. Mempool, nonce-ordered per sender | 5. Gossip to peers via CometBFT P2P | 6. Block proposer includes txs from mempool | 7. EVM execution (go-ethereum): state transitions, contract calls | 8. 2/3+ of bonded stake precommits -> block committed | 9. Committed = FINAL. No confirmations, no reorgs | 10. Receipts and logs available via eth_getTransactionReceipt

3.4 State Management

NovaMoney persists state in a Merkle-ized IAVL store whose root hash every validator must agree on, while the EVM layer exposes the standard Ethereum roots:

State is persisted in LevelDB with periodic snapshots. New nodes join in minutes via state-sync — downloading a verified snapshot instead of replaying the whole chain.

4. Consensus Mechanism

4.1 Proof of Stake

Validators secure the network by bonding NVM through the on-chain staking module; delegators can stake to existing validators and share their rewards. Proof of Stake eliminates the energy waste of Proof of Work and aligns validator incentives with network health.

4.2 Validator Selection

CometBFT selects block proposers in a deterministic rotation weighted by bonded stake. If a proposer misses its turn, consensus simply moves to the next round and another validator proposes — the chain never stalls waiting for a single node.

4.3 Instant BFT Finality

A block is final the moment validators representing more than 2/3 of the bonded stake precommit it — every ~3 seconds. There are no confirmations to wait for and no reorganizations, ever. This was verified on the live network with fault-injection tests: with 2/3 of stake online the chain produces at full rate; below that threshold it halts safely instead of forking, and resumes within seconds once quorum returns.

4.4 Fork Choice: Not Needed

CometBFT commits exactly one block per height — there are no competing chain tips, no uncle blocks and no fork-choice rule. Fork resolution is structurally impossible by design, not a recovery mechanism.

4.5 Slashing

OffensePenaltyDetection
Double signingStake slashed + permanent tombstoneTwo signatures for the same height
Downtime~1% slash + temporary jailMissing too many blocks in a sliding window

4.6 On-Chain Staking

Staking is managed by the Cosmos SDK staking module. Anyone can create a validator or delegate NVM to an existing one; the active set is formed by the top validators by bonded stake. Validators that misbehave are jailed automatically and can rejoin after the jail period with an unjail transaction.

5. Tokenomics

5.1 Supply Parameters

210M
Max Supply
10M
Testnet Supply
0%
Current Inflation
2%
Community Tax on Fees

5.2 Genesis Distribution

Genesis Allocation (10,000,000 NVM — 4.76% of Max Supply)
AllocationAmount% of MaxPurpose
Initial Validators2,000,000 NVM0.95%Bonded stake securing the network
Faucet / Distribution3,000,000 NVM1.43%User onboarding, airdrops
Team / Development3,000,000 NVM1.43%Fund ongoing development
Strategic Reserve2,000,000 NVM0.95%Partnerships, listings
Total Genesis10,000,000 NVM4.76%
Reserved for Future Emission200,000,000 NVM95.24%Not yet minted — mainnet emission via the on-chain inflation module

5.3 Emission: Live Network vs Mainnet Design

On the live network (testnet) the inflation module is disabled: no new NVM is minted and the supply is fixed at the 10M genesis allocation — in practice slightly deflationary, since slashing burns have already reduced it to 9,998,999 NVM. The 210M maximum supply with the ~50-year emission curve below is the mainnet design, to be activated through the on-chain inflation module and adjusted by governance.

Mainnet Design — Circulating Supply Projection (50 Years)
YearCirculating NVM% of Max SupplyMined (cumulative)
0 (Genesis)10,000,0004.76%0
113,942,0006.64%3,942,000
529,710,00014.15%19,710,000
1049,420,00023.53%39,420,000
25108,550,00051.69%98,550,000
50207,100,00098.62%197,100,000
~50.7210,000,000100%200,000,000

5.4 Live Network Parameters (Testnet)

Mainnet Design — Production Rate
ParameterValue (verified on-chain)
Total supply today9,998,999 NVM
New emission (inflation module disabled)0 NVM
Validator incomeEIP-1559 priority fees
Community tax on fees2%
Bonded stake~2,100,000 NVM / 3 validators
Average block time~3 s

5.5 Transaction Fees (EIP-1559)

NovaMoney implements EIP-1559 dynamic fee pricing. Base fee adjusts automatically based on network utilization. Base fee is burned (deflationary), priority fee goes to the block proposer.

OperationGas CostFee at 20 GweiApprox. USD
NVM transfer21,0000.00042 NVM~$0.001
ERC-20 transfer~65,0000.0013 NVM~$0.003
ERC-20 deploy~1,500,0000.03 NVM~$0.06
Complex DeFi tx~500,0000.01 NVM~$0.02

6. Smart Contract Platform

6.1 Full EVM Compatibility

NovaMoney executes the exact same bytecode as Ethereum. Any contract compiled with Solidity, Vyper, Huff, or any EVM-targeting language will run identically.

StandardSupportUse Case
ERC-20FullFungible tokens, stablecoins
ERC-721FullNFTs, unique assets
ERC-1155FullMulti-token (gaming, collectibles)
ERC-4626FullTokenized vaults (DeFi)

6.2 Developer Tooling

Every Ethereum development tool works out of the box:

MetaMask

Wallet & signing

Hardhat

Test & deploy

Foundry

Fast testing

ethers.js

JS/TS integration

OpenZeppelin

Audited libraries

7. API & Developer Experience

NovaMoney provides five API layers for maximum flexibility:

APIPortProtocolUse Case
JSON-RPC8545JSON-RPC 2.0MetaMask, ethers.js, standard Ethereum tooling
REST8546HTTP GET/POSTWeb/mobile apps, simple integrations
Cosmos REST1317HTTPStaking, governance and bank queries
gRPC9090gRPCHigh-performance backend integrations
CometBFT RPC26657HTTP/WSConsensus state, validator set, raw blocks
// Connect to NovaMoney with ethers.js const provider = new ethers.JsonRpcProvider('https://rpc.novamoney.site'); const balance = await provider.getBalance('0xAddress...'); console.log('Balance:', ethers.formatEther(balance), 'NVM');

8. Security

8.1 Battle-Tested Stack

CometBFT

BFT engine securing 50+ chains and billions in value

Cosmos SDK

Audited framework behind Cosmos Hub, Osmosis, dYdX

go-ethereum EVM

The most battle-tested EVM implementation in existence

Fault-Injection Tested

BFT halt and recovery verified on the live network

8.2 Protocol-Level Security

MechanismProtection
PoS slashingPenalizes malicious validators
Nonce validationPrevents transaction replay
EIP-155 chain IDPrevents cross-chain replay
Gas limitsPrevents computational DoS
Merkle proofsEnables state verification
Encrypted P2P (CometBFT)Encrypted P2P communication

9. Use Cases

Real-World Assets (RWA)

  • Fractional property ownership (ERC-20)
  • On-chain bonds and securities
  • Commodity-backed tokens
  • Invoice factoring

DeFi

  • DEX (Uniswap-style AMMs)
  • Lending & borrowing
  • Stablecoin protocols
  • Yield aggregators

Enterprise

  • Supply chain tracking
  • Digital identity
  • Voting & governance
  • Cross-border payments

Gaming & NFTs

  • In-game currencies (ERC-20)
  • NFT items (ERC-721)
  • Multi-token economies (ERC-1155)
  • On-chain game logic

10. Roadmap

Phase 1 — Foundation COMPLETED

  • Core blockchain on Cosmos SDK + CometBFT
  • EVM execution via go-ethereum
  • Tendermint BFT Proof of Stake with instant finality
  • CometBFT P2P networking with state-sync
  • JSON-RPC server (22 methods, MetaMask compatible)
  • On-chain staking with slashing and jail
  • Block explorer and API dashboard
  • REST, GraphQL, Oracle, and Indexer APIs

Phase 2 — Testnet IN PROGRESS

  • Public testnet with 3 validators across two datacenters
  • Faucet web application
  • External security audit
  • Performance benchmarking (measured: 209 TPS peak, 125 sustained)
  • Documentation portal

Phase 3 — Mainnet PLANNED

  • Genesis ceremony with founding validators
  • Mainnet launch
  • Exchange listings
  • Bridge to Ethereum (wNVM <-> NVM)

Phase 4 — Ecosystem PLANNED

  • Developer grants program
  • DeFi protocol partnerships
  • RWA pilot projects
  • Mobile wallet

Phase 5 — Scale PLANNED

  • Validator set expansion beyond 100
  • Cross-chain bridges (Solana, Polkadot)
  • Light client implementation
  • EIP-4844 blob support for rollups

11. Conclusion

NovaMoney is not another Ethereum fork with a new logo. It combines the two most battle-tested stacks in the industry — CometBFT BFT consensus and the go-ethereum EVM — into a fast, low-cost, fully Ethereum-compatible Layer 1 built for the long term.

With 210 million tokens distributed over 50 years, a Proof of Stake consensus that rewards honest participation, and full compatibility with the world's largest smart contract ecosystem, NovaMoney provides the infrastructure for the next generation of decentralized applications.

The code is open. The rules are transparent. The network is ready.

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