WaykiChain focuses on the research and development of the underlying core technology of the blockchain and the corresponding ecological technology and related project operations. Its self-developed third-generation blockchain commercial public chain is at the leading level in the industry and has high-performance transaction processing capabilities (TPS 3300), efficient consensus mechanism (DPoS+pBFT), powerful smart contract engine (Lua+WASM), and blockchain ecological decentralized governance capabilities, which can provide blockchain basic service facilities and Industry-grade solutions.

1. Project introduction

WaykiChain makes full use of the characteristics and advantages of decentralization, immutability and fairness of blockchain technology to realize the construction and development of new business models under the background of the new era, which will completely subvert the existing data The traditional quiz game industry with a market size of trillions of dollars, the traditional asset trading platform, and the traditional foreign exchange market acceptance industry. Committed to building a third-generation blockchain underlying system based on Bitcoin and Ethereum with new and powerful technological features, WaykiChain aims to provide enterprise-level blockchain infrastructure and industry solutions, so as to finally build an independent and Self-sufficient business ecosystem.

Project Features

Smart Contract:
WaykiChain is a smart contract platform that supports Turing completeness. It adopts the DPOS consensus mechanism and sets up 11 voting nodes to generate a new block every 10 seconds. After the operation test of WaykiChain mainnet, the transaction confirmation speed can reach 1000+tps.
Voting mechanism:
WaykiChain adopts the DPOS consensus mechanism. Users lock their own WikiCoins to have corresponding votes. Each vote can choose up to 11 candidates. Users who participate in voting can get corresponding Voting proceeds.
Side chain technology:
WaykiChain will adopt a side chain architecture, each application will have its own independent side chain, and application data will be independent of each other and will not affect each other. The application side chain can define its own consensus mechanism, side chain assets and block interval and other protocols. When the user decides to use an application, the user only needs to download the side chain data of the application.

Technical Overview

Consensus mechanism:
WaykiChain adopts DPoS+BFT consensus mechanism, taking into account overall performance and consensus efficiency. A total of 11 super nodes are selected through voting, and a new block is fixed every 3 seconds. After running stress tests on the latest version of WaykiChain Pig King, WaykiChain’s transaction capacity has reached an average of 3300+TPS and a peak value of 7800+TPS.
Cross-chain technology:
WaykiChain will support heterogeneous decentralized atomic cross-chain technology for well-known public chains such as Bitcoin and Ethereum, and support multiple core and timely isomorphic classes in the WaykiChain ecosystem Sub-chain (such as DEX high-frequency sub-chain). The industry-level applications targeted by WaykiChain will also have independent sub-chains built on WaykiChain. Application data are independent of each other and do not affect each other. The application side chain can define its own consensus mechanism, side chain assets and block interval and other protocols.
DEX:
An efficient decentralized trading platform based on the bottom layer of WaykiChain, which supports the entire process of pending orders, matching, and settlement on the chain. And all transactions are recorded on the face to form a complete and auditable transaction account. In addition, all kinds of encrypted assets issued on WaykiChain can be traded on DEX.
CDP:
Anyone can use the collateralized debt positions (Collateralized Debt Positions) provided by the bottom layer of WaykiChain to mortgage the digital assets held on the chain and generate stable currency assets anchored to legal currencies such as US dollars. At the same time, a decentralized price feeder, a built-in exchange on the chain, a liquidation system and a dual risk protection mechanism are set up to ensure the relative stability of stablecoins relative to fiat currencies.
Dual virtual machines:
WaykiChain bottom layer provides intelligent contract dual engine technology that realizes Turing's complete computing power: LuaVM+WASM VM. As a lightweight and compact scripting language, Lua allows DAPP developers to quickly develop contracts. WASM VM is a powerful and efficient virtual machine that supports multiple programming languages, allowing developers to implement various advanced DAPPs with rich and powerful functions.

Two. Comment

WaykiChain will greatly expand the breadth and depth of blockchain applications. The pain points of traditional industries are very obvious, which restricts its further development. Take target industry as an example. Traditional quiz platforms have the following industry pain points: credit problems, high commissions, and lack of product categories. Centralized asset exchanges: security issues, unfairness, and high transaction fees. International remittances and foreign exchange transactions: long settlement times, exchange rate risk, opacity, and high transaction fees. The decentralized application built on the WaykiChain system inherits the characteristics and advantages of blockchain technology. It will perfectly solve the irrationality of the target industry and promote the healthy and sound development of the target industry.
As the third-generation blockchain underlying system, WaykiChain perfectly inherits the characteristics and advantages of the traditional blockchain ecosystem technology, and realizes the combination of blockchain and commercial applications in a true sense, thus greatly improving the traditional industry. Value, and promote the vigorous development of blockchain technology in various industries.

Related Links:

https://www.waykichain.com/
http://www.qukuaiwang.com.cn/szhb/2445.html###
https://www.dprating. com/project/86
http://www.bite5.com/index.php/viewnews-165
http://www.lianmenhu.com/blockchain-421-1