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Preliminary research and production of the 3rd generation of blockchain business have hit the industry's leading standard, with high-performance payment processing technologies (TPS avg. 4500+), an effective coordination system (DPoS + pBFT), a powerful and smart engine (Lua + WASM) system, as well as a decentralized blockchain management capability. WaykiChain will offer infrastructure resources and business innovations to experience in key areas of the vertical industry.
Currently, with the ongoing involvement of the team in research and innovation and also the active engagement of the group of developers and consumers, the WaykiChain foundation has been updated regularly and refined. One of the main financial origins of the blockchain created by WaykiChain, the stablecoin WUSD (built at the base of the public chain) is also improving the future leverage of decentralized business growth.
What is WaykiChain?
WaykiChain is a block public chain focusing on blockchain technology development and related operations. WaykiChain has positioned itself as an infrastructure that is based on both Ethereum and Blockchain, intending to trigger a collective growth of different industries by presenting an enterprise solution.
Determined to build a world-class decentralized platform and ecosystem, WaykiChain launched the first smart-contract-based game prediction DApp in May 2018 with over 130,000 install volume, token WICC listed in 100+ exchanges, peaking at ＄3, community members over 300K, is believed to be innovating a new business model in the new era.
WaykiChain, a team focused on blockchain industry’s foundation and application development, now consisting of nearly 70 people, with core members from world-renowned companies such as Alibaba, Tencent, Morgan Stanley and Intel, is hoping to ultimately achieve an ecosystem that everyone can participate in the building and share the results.
WaykiChain’s Technology
Consensus Mechanism
Delegated Proof of Stake (DPoS) is a consensus algorithm maintaining irrefutable agreement on the truth across the network, validating transactions and acting as a form of digital democracy. Delegated through token holders’ vote, ledgers nodes will package all the transactions in the block and get corresponding reward. DPOS can maximize token holders’ interests and network performance, meanwhile minimize the maintenance and operation costs.
WaykiChain adopts DPoS, which is the most adaptive consensus mechanism for developing and operating applications on chain. The block is successively generated by 11 ledger nodes. Every 10 seconds, a new block will be generated on WaykiChain. Verified by WaykiChain mainnet operation, the transaction confirmation speed can reach 1000+tps.
Vote Mechanism
WaykiChain adopts DPOS consensus mechanism with 11 ledger nodes. When a block is generated, a node is elected with the most votes according to random perturbation algorithm from the 11 nodes. Then ledger node gains all of the transaction fee in its ledger block. Users can get proportionate votes by locking their WICC. Every node can be cast for 11 candidates at most. Every voted user will be awarded proportionate interest. When users’ corresponding accounts’ votes changes, the interest from voting will be received automatically. The first year’s rate of interest is 5% and it will decrease 1% annually during the following years. Finally, the annual rate of interest will be fixed at 1% permanently.
Smart Contracts
WaykiChain is a smart contract platform that supports Turing devices. These smart contracts can help in a variety of real-world applications including copyright issues, decentralized exchanges and asset problems. It adopts DPOS consensus mechanism, sets up 11 voting nodes, and generates a new block every 10 seconds. According to detailed calculation by WaykiChain team, currently, the confirmed transaction speed can reach 1000+tps.
WaykiChain’s smart contract can be built using the programming language Lua. Lua was developed in the early 1990s and has an extensive developer community. It has been used in desktop development, web development and the Internet of Things. It also is one of the easiest programming languages and hence it provides an incentive for developers to code on WaykiChain’s platform.
Where is WaykiChain Heading and the Future
WaykiChain's potential is a large community-driven shared chain network. WaykiChain seeks to create a decentralized development network that will provide consumers with a full on-line smart contract framework. Anyone may understand their business ideas about WaykiChain and create their own DApp and establish their own brand names.
WaykiChain uses decentralized forecasting, stock management, and forex trading as input sectors to broaden markets at an early level. After acquiring a lot of application users and creators, WaykiChain can eventually improve its upper blockchain apps.
The WaykiChain Team - About the Project
The WaykiChain team consists of industry-renowned builders who have had good project experiences as well as professional managers and consultants who have been working in the focus industry for several years.
The team focuses on the blockchain sector and seeks to build systems and landing technologies. The WaykiChain team now has a blockchain science, infrastructure, and company squad of around 90 people.
Conclusion: For today's new blockchain-related technologies, WaykiChain is one of the most influential and secure ventures based on its technology journey and growth.
Their recently unveiled DApp funding scheme is a decent and generous proposition to prospective developers who would like to commit to WaykiChain's growth. More than before, this will encourage any talent focused on blockchain technology to follow its skills to the next stage.
For More information :
Website: https://www.waykichain.com
Whitepaper: https://www.waykichain.com/Whitepaper-en.pdf
Twitter: https://twitter.com/wayki_chain
Telegram Group: https://t.me/wiccofficial
Youtube: https://www.youtube.com/channel/UCjudZhgPcAX74LVxi23kKvg
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