| Fully Diluted Valuation | $102,751 |
|---|---|
| 24H Trading Volume | $665 |
| 24H Low / High | $0.00 / $ 0.00 |
| Circulating Supply | 210.00M |
| Total Supply | 210.00M |
| Max Supply | ∞ |
| Categories | DEAD 1 more |
|---|---|
| Founder | Anonymous |
| Website | linktr.ee |
| Socials | 4 more |
| Explorer | Waykiscan |
| Name | Pair | OG Score |
|---|
WaykiChain is a public blockchain platform designed specifically for the financial sector. Its main goal is to support decentralized finance (DeFi) applications by offering essential infrastructure, including decentralized exchanges (DEX) and a crypto-asset backed stablecoin called WUSD. The platform focuses on improving the efficiency, security, and interoperability of DeFi solutions.
Key Features of WaykiChain
At the core of WaykiChain's technology is a unique consensus mechanism that combines Delegated Proof of Stake (dPoS) with Practical Byzantine Fault Tolerance (pBFT). This hybrid approach allows for quick transaction processing, with an average of over 3300 transactions per second (TPS) and the ability to peak at 7800 TPS. Such high throughput is vital for DeFi applications, where speed and reliability are crucial.
WaykiChain also supports a dual Virtual Machine (VM) environment, which includes both LuaVM and WebAssembly (WASM) VM. This setup allows developers to create and run smart contracts, enabling the development of diverse decentralized applications (DApps) on the platform. The block submission and confirmation time is approximately 3 seconds, enhancing the overall efficiency of the network.
Security Measures
Security is a priority for WaykiChain. The dual consensus mechanism helps protect the network from malicious attacks while ensuring fast transactions. The platform also encourages user participation in its security through staking mechanisms, where users can stake their tokens for rewards, contributing to the network's stability.
Furthermore, WaykiChain is actively involved in the blockchain community, being recognized as the Vice President Unit of the Shenzhen Blockchain Association. This involvement highlights its commitment to advancing blockchain technology and ensuring a secure environment for users.
Use Cases
WaykiChain is more than just a transaction platform; it serves as a foundational layer for technology research, project operations, and industry-specific solutions. It is designed to support innovation in digital asset management and DeFi services. The WaykiTimes mobile wallet simplifies asset management and provides access to various services within the WaykiChain ecosystem.
To promote DApp development, WaykiChain has initiated a funding program with $1.5 million allocated to support developers creating valuable applications on the platform.
Recent Developments
Since its launch, WaykiChain has achieved several milestones. The mainnet went live on December 30, 2017, marking a significant step in its journey. Subsequent developments include the launch of WaykiScan v.2.0, improved token listings on various exchanges, and active community engagement through events and updates.
Looking ahead, WaykiChain is set to participate in major events like ETHDam and Blockchain Life in 2024, showcasing its ongoing commitment to innovation and community involvement.
Conclusion
WaykiChain stands out in the blockchain space as a high-performance platform focused on decentralized finance. With its robust infrastructure, security measures, and support for developers, WaykiChain aims to foster the growth of blockchain technology in the financial industry. As always, potential investors should conduct thorough research and consider the risks before engaging with any cryptocurrency project.
WaykiChain is unique for its finance-centric public blockchain that combines a dual consensus mechanism of Delegated Proof of Stake (dPoS) and Practical Byzantine Fault Tolerance (pBFT), achieving high transaction speeds of over 3300 TPS, with peak performance reaching 7800 TPS.
WaykiChain was founded by a team of blockchain enthusiasts and industry experts, though specific individual names are anonymoys.
WaykiChain has received backing from various investors, including BlockoxFund, which supports the project’s development and growth in the decentralized finance sector.
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