WaykiChain Is A Fully Decentralized Exchange For The Blockchain Industry

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Introduction

Research and development has been carried out from the third generation blockchain which has become the most important level on a platform, with average capabilities for very high performance transaction processing, efficient mechanisms (DPoS + pBFT), robust and intelligent system (Lua contracts + WASM ) , plus the potential for decentralized blockchain control. With WaykiChain, it can provide capabilities in the infrastructure service vertical industry and is an industrial solution.

By investing in research, development, and participation of the developer and user community, WaykiChain is constantly being developed and maximized. An important cornerstone of WaykiChain's enhanced blockchain, the WUSD stablecoin (built on a public chain) will provide potential business synergies from a decentralized platform.

WaykiChain aims to improve its technology, the basis of the public chain and according to the platform to facilitate technology research and development, as well as platform travel.

What is Wayki Chain?

WaykiChain is an innovative technology company focused on blockchain technology development and related project operations. The third generation blockchain commercial public chain independently researched and developed by WaykiChain is at the forefront of the industry. With high-performance transaction processing capabilities, efficient consensus mechanism, powerful smart contract engine, and blockchain upgrade management capabilities, WaykiChain is able to provide enterprise-grade blockchain infrastructure and industry solutions.

At present, with the team's vigorous investment in R & D and the active participation of users and developers of community ecology, the bottom layer of the WaykiChain public chain is constantly being improved and optimized. Great results have been achieved to continue to empower developers and the application layer. As one of the critical infrastructures for the De-Fi field promoted by WaykiChain, stablecoin projects built at the bottom layer of the public chain continue to increase the potential for decentralized business development.

Thanks to the ever-evolving and innovative blockchain technology, widely used business applications, and the advantages of proper governance.

Features on the WaykiChain platform:

  • Technology : WaykiChain has modern technology and is strong against all hacks. this team has brought together all experienced industry and technology people who have intelligence in finance, entertainment and IT sectors, etc.

  • Industry resources : The WaykiChain team is a combination of several people who have been perfectly assembled from professionals who have had high experience in their respective fields for many years in three industries including assets and foreign exchange, and individuals who have professional knowledge of understanding depth for the future development of the industry.

  • Business management : Unlike other platforms, WaykiChain creates clear and accurate goals about the target industry. WaykiChain leverages modern digital blockchain technologies such as decentralization, irreversibility, encrypted security and point-to-point value transfer.

  • Fund management : in managing funds, WaykiChain will strictly follow the understanding of fairness, and transparency which has the main focus on developing the WaykiChain platform in the future.

  • Market potential : Each trading platform WaykiChain targets has a trading volume of trillions of dollars. According to conservative circles in 2017, the market value of the gaming industry reached USD 1.3 trillion.

Technology Characteristics

  • Consensus Algorithm : WaykiChain (WICC) ​​uses the DPoS+pBFT consensus algorithm to balance overall performance and consensus efficiency. A total of 11 super nodes are arranged by voting, and a new block is generated every 3 seconds. After stress testing to the latest version of WaykiChain mainnet, it was agreed that WaykiChain's trading capability reached an average of 3300+ TPS and peaked at 7800+ TPS.

  • Multiple Instances : WaykiChain provides dual machine smart contract technology, which implements Turing's full compute capabilities: LuaVM + WASM VM, at the bottom layer. Lua is a lightweight and compact scripting language that allows DAPP developers to quickly develop smart contracts. The WASM VM is a powerful and highly efficient virtual machine that supports multiple programming languages, enabling developers to implement advanced functionality in DApps.

  • Cross-chain Technology : WaykiChain will support heterogeneous cross-chain and decentralized atomic technologies, such as Bitcoin and Ethereum, which supports several isomorphic sub-chains of core technologies in the WaykiChain ecology (eg high-frequency DEX sub-chains). Industrial grade applications targeted by WaykiChain will also have separate sub-chains built into WaykiChain. Application data are independent and parallel to each other. Application sidechains can define their own protocols, such as consensus algorithms, sidechain assets, and block intervals.

  • StableCoin Technology : The stablecoin system is based on the lower layer of the WaykiChain public chain. Stablecoins are pegged to market value, and can be generated by pledging twice the value of the assets on the chain. It can be freely circulated between accounts to meet the demands of various top-level applications. Stability is calculated by the decentralized feed price and the reference feed price of each block on the chain, to ensure that the values ​​are referenced. When the price of the collateral asset fluctuates, a liquidation mechanism will be triggered (artificial liquidation and systematic liquidation) to ensure that the overall value of the collateral asset can be backed by stablecoins throughout the ecosystem. Stablecoins can be freely exchanged and circulated between users. At the same time, the stablecoin system will implement automatic pending orders and matching on a decentralized exchange (DEX) on the chain. For the interest that users pay and the penalties generated during the liquidation process, some of them will enter the risk pool, and the rest will be repurchased and destroyed in a decentralized exchange.

  • Decentralized Exchange (DEX) : An efficient decentralized exchange based on the WaykiChain bottom layer, which supports the entire process of settling, matching, and settling pending orders. All transactions are chained to get a fully auditable transaction account. In addition, various types of crypto assets issued on WaykiChain can be used for transactions on the DEX.

  • Asset Issuance Standard : Currently, the basic application of WaykiChain has been completed. The team is making efforts to promote landing DApps on WaykiChain. A smoother asset issuance standard than the ERC20 token was introduced to help users issue assets on the chain faster and more securely. Break the barrier between traditional finance and crypto assets on WaykiChain through a standardized formulation. WaykiChain supports five asset types (underlying assets, collateral assets, user issued assets, cross-chain mapping assets, and smart assets) at the bottom layer of the public chain. So that it can become a strong and measurable settlement layer to meet the settlement and circulation demands of various commercial and financial industries.

  • Block Browser : Block browser is WaykiChain application data display system. Based on the blockchain application data, it will display information such as transfer records and account balance addresses. All data is open, transparent and immutable.

  • Browser Wallet Plug-ins : Browser wallet plug-ins (eg WaykiMax) are a kind of lightweight WaykiChain wallet that allows the web browser side to interact with smart contracts on WaykiChain, as well as various decentralized applications on WaykiChain. Barriers to use are greatly reduced and convenience is improved in future releases and transactions of assets.

  • Mobile Wallet : WaykiTimes is a mobile wallet for WaykiChain. It is designed primarily for crypto investors, blockchain developers and industry partners, helping users to more easily manage digital assets, experience De-Fi and other applications.

Token

WICC was launched in January 2018 with a supply of 210 million tokens, 15% (31.5 million) distributed to the development team, operations team and early investors for their assistance in the early launch of the platform. This WICC token was launched in July 2018, and then 10.5 million are distributed quarterly.

Allocation Token

  • 60% for public sale

  • 15% for development team, operations team and early investors

  • 15% for strategic planning

  • 10% for private investors

Conclusion

This is the end of my article that has discussed WaykiChain, in my opinion, which I have surveyed from several existing articles. I can conclude that a platform that has its own blockchain is a very good platform to invest your money in this token. by having its own team of WaykiChain platform security professionals there is no doubt about it. The token has also grown very rapidly since the token was launched. so don't hesitate to invest your money to WaykiChian platform.

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