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Greetings to one and everyone… To get a better idea of what WaykiChain is and what it can do for you, check out the review I’ve put together below, and In the comments box below, please tell me what you think. Let’s get right down to the business at hand.
Defintion of WaykiChain?
You may find out more about WaykiChain’s work on blockchain technology and related projects here. It is WaykiChain’s third-generation blockchain commercial public chain that is leading the way in the industry.
WaykiChain provides enterprise-grade blockchain infrastructure and industrial solutions thanks to its high-performance transaction processing, efficient consensus mechanism, robust smart contract engine, and blockchain upgrade management features.
Currently, the lowest layer of the WaykiChain public chain has been constantly upgraded and optimized by the team’s constant R & D investment and the active participation of users and community ecological developers. Incredibly, developers and application layers have been continually empowered.
For a long time, WaykiChain’s stablecoin project, built on public chain’s bottom layer, has been steadily improving decentralized business growth opportunities.
Blockchain technology, which is constantly evolving and innovating, is frequently employed in corporate applications and has the benefit of proper governance.
The following are areas where WaykiChain has a distinct advantage over the competition:
WaykiChain has a well-established and well-trained technology team. The members of this team have extensive experience in a variety of industries, including finance, entertainment, and information technology. Blockchain technology R&D and implementation were also pioneering breakthroughs for them.
Asset management, foreign exchange trading, and guessing are all represented on the WaykiChain team, which also includes specialists with extensive knowledge of the latest advances in each of these fields.
There will also be strategic agreements signed between WaykiChain and prominent companies in the target industry, and WaykiChain’s link to the target industry will be strongly supported, as will the actual deployment of the WaykiChain application.
WaykiChain, unlike other new ventures, has a well-defined business plan that focuses on the industry to which it is aiming. For example, WaykiChain will take advantage of blockchain technology capabilities such as decentralization, irreversibility and encrypted security. WaykiChain will rapidly expand its market share by entering the target business with professionalism and consistency.
WaykiChain will closely adhere to the ideals of justice, fairness, and openness in managing funds, with the primary focus being on WaykiChain growth. The WaykiChain team promises to keep the WaykiChain development fund safe and secure under the newly formed WaykiChain Foundation. All allocations of funds in the WaykiChain project will be published to all investors on a regular basis in order to ensure transparency in the usage of funds.
A trillion-dollar market potential for each business WaykiChain aims to disrupt. In 2017, the market value of the guessing game sector reached USD 1.3 trillion, according to conservative estimates.
WaykiChain has been able to maintain its long-term expansion by creating a comprehensive governance structure that allows the team to effectively administer general procedures, code management, financial management, compensation management, and the privilege operation scope, among other things.
Using WaykiChain as its foundation, the next generation of the blockchain will be able to not only build on the strengths of the old blockchain ecosystem, but also overcome its own technological limitations. Aside from that, WaykiChain puts a lot of money into financial technology innovation and R&D, with a particular focus on blockchain technology.
For WaykiChain, based on its current successes, developing “Blockchain+” and appreciating conventional as well as non-traditional industry values is critical to creating a 21st century blockchain ecosystem that benefits all parties involved.
The Features of the Technology
Overall performance and consensus efficiency are balanced by WaykiChain (WICC) using the DPoS+pBFT consensus method. Every three seconds, a new block is generated by randomly selecting one of the network’s 11 super nodes. WaykiChain’s trading capacity reached an average of 3300+ TPS and a peak of 7800+ TPS after stress testing the most recent version of the mainnet.
Dual Machine Smart Contracts: WaykiChain provides lower-layer LuaVM + WASM VM, which implement Turing-complete computing capabilities. DAPP developers may quickly create smart contracts using Lua, a lightweight and compact scripting language. With the WASM VM, developers may create DApps with cutting-edge features using a variety of different programming languages.
Decentralized Atomic Technologies: WaykiChain will support heterogeneous cross-chain and decentralized cross-chain technologies such as Bitcoin
in addition to Ether, which enables a number of WaykiChain’s fundamental technology isomorphic subchains (eg high-frequency DEX sub-chains). There will be separate sub-chains developed into WaykiChain for industrial grade applications.
Data from different applications can run in parallel without interfering with one another. For example, sidechain assets, block intervals, and consensus techniques for sidechains can all be defined by application sidechains.
Using the WaykiChain public chain’s lowest layer as a foundation, the stablecoin system is able to maintain its value over time. It’s possible to create stablecoins by committing twice the worth of the assets in your chain. When dealing with various high-level apps, this currency can be freely moved between different user accounts.
Decentralized feed prices and reference feed prices are used to compute the chain’s stability, which ensures that the results remain consistent. There will be a mechanism to liquidate the collateral asset when the price of the collateral asset fluctuates (artificial liquidation and systematic liquidation).
This mechanism will ensure that stablecoins throughout the ecosystem may back the collateral asset. Exchange and circulation of Stablecoins is completely unrestricted between users.
A decentralized exchange (DEX) on the chain will implement automatic pending orders and matching as part of the stablecoin system. Some of the interest and penalties paid by users and created during the liquidation process will be repurchased and destroyed in a decentralized exchange, while the remainder will be repurchased and destroyed.
The WaykiChain bottom layer serves as the foundation for this decentralized exchange, allowing it to handle all aspects of order matching, settlement, and resolution. Decentralized Exchange In order to obtain a completely auditable transaction account, all transactions are linked together. In addition, a variety of WaykiChain-issued crypto assets can be used to make DEX transactions.
Standard for Asset Issuance: WaykiChain’s basic application has been completed. WaykiChain DApps are being promoted by the team. To assist users issue assets on the chain more quickly and safely, a more sophisticated standard for asset issuance than the ERC20 token was established. WaykiChain’s standardized formulation breaks through the barrier between traditional finance and crypto assets.
Underlying assets, collateral, user-issued assets, cross-chain mapping assets, and smart asset types are all supported by WaykiChain at the public chain’s lowest tier. So that it can meet the settlement and circulation needs of various commercial and financial industries by becoming a powerful and measurable settlement layer.
WaykiChain’s Block Browser is a data display system for the application. It will show information like transfer records and address account balances based on the blockchain application data. Transparency and immutability characterize all information.
Web Browser Wallet Plug-ins: Web browser wallet plug-ins (like WaykiMax) let users interact with WaykiChain smart contracts and other decentralized WaykiChain applications from within their web browsers. Future releases and exchanges of assets will have fewer hassles and more simplicity of use.
WaykiTimes is a mobile wallet for the WaykiChain network, and it’s free to download. For investors, developers, and industry partners, it provides a straightforward way to manage digital assets, experience De-Fi, and other applications.
Conclusion
One of WUSD’s primary goals is to assist the growth of public chain ecosystems and blockchain technology as a whole. It has the potential to improve the flow of value in other industries as well. It is expected that the system will be continuously improved by the team and the community. In order to gradually attain the aforementioned long-term goals, we expect WUSD to be employed in more diverse scenarios with greater risk control, governance, and user experiences.
You can use social media for information:
WEBSITE: https://www.waykichain.com/
WAYKITIME: http://wicc.me/officialweb01
WHITEPAPER: https://www.waykichain.com/Whitepaper-en.pdf
TELEGRAM: https://t.me/WICCWorldCupOfficial
TWITTER: https://twitter.com/wayki_chain
FACEBOOK: https://www.facebook.com/waykichainofficial
DISCORD: https://discord.com/invite/GWhzn8t
GITHUB: https://github.com/WaykiChain/WaykiChain
YOUTUBE: https://www.youtube.com/channel/UCjudZhgPcAX74LVxi23kKvg
Author
Bitcointalk username :ItekKuneng
Bitcointalk profile url : https://bitcointalk.org/index.php?action=profile;u=1423632
BEP-20 wallet address: 0x5B361eBf3626A340b538eeb1Ff4491f53d0F2D68