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WaykiChain Stock

WaykiChain

WICC

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WaykiChain Whitepaper

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
Gate.ioWICC/USDT00000cex14/8/2025, 6:32 AM
Gate.ioWICC/ETH00000cex14/8/2025, 6:32 AM
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WaykiChain FAQ

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**What is WaykiChain?** WaykiChain is a blockchain platform that focuses on fostering decentralized applications (DApps) and smart contracts. It aims to provide solutions that promote transparency, security, and efficiency within various industries. WaykiChain utilizes its own consensus mechanism to process transactions and sustain network integrity. For more detailed information on WaykiChain, including market trends and updates, you can refer to Eulerpool.

WaykiChain is a public blockchain platform specifically designed for the financial sector, with a focus on transforming decentralized finance (DeFi) through its robust infrastructure. This platform's infrastructure supports the core-layer implementation of decentralized exchanges (DEX) and the issuance of a crypto-asset-backed stablecoin called WUSD. WaykiChain is engineered to improve the efficiency, security, and interoperability of DeFi applications. Central to WaykiChain’s technology is its unique consensus mechanism, which integrates Delegated Proof of Stake (DPoS) with Practical Byzantine Fault Tolerance (pBFT). This innovative system ensures swift transaction processing, with the blockchain averaging over 3300 transactions per second (TPS) and peaking at up to 7800 TPS. This high throughput is crucial for DeFi applications, where speed and reliability are essential. WaykiChain features a dual Virtual Machine (VM) environment, supporting both LuaVM and WebAssembly (WASM) VM. This configuration enables the execution of smart contracts, allowing developers to build advanced DeFi applications on the platform. The 3-second block submission and confirmation speed further enhance the platform’s efficiency, making it an appealing choice for developers and users. Additionally, WaykiChain has developed WaykiTimes, a mobile wallet that improves user interaction with the blockchain. This wallet not only simplifies digital asset management but also acts as a gateway to various services and applications within the WaykiChain ecosystem. WaykiChain demonstrates its dedication to advancing the DeFi sector through ongoing development and strategic partnerships. By concentrating on providing a decentralized finance infrastructure, WaykiChain aims to foster broader adoption and growth of blockchain technology in the financial industry. As with any investment in the crypto sector, it is important to conduct comprehensive research and assess the associated risks. WaykiChain's innovative approach to DeFi and its technical accomplishments make it a notable project within the blockchain community. For more information, please refer to Eulerpool.

What measures are in place to secure WaykiChain?

WaykiChain implements a comprehensive strategy to ensure the security of its network, drawing upon the advantages of blockchain technology, smart contracts, and a decentralized ecosystem. At its foundation, WaykiChain is a public blockchain primarily aimed at providing infrastructure for decentralized finance (DeFi) applications, including decentralized exchanges (DEX) and a crypto-asset-backed stablecoin, WUSD. The platform's security is enhanced by employing a dual consensus mechanism that integrates Delegated Proof of Stake (dPoS) with Practical Byzantine Fault Tolerance (pBFT). This innovative strategy facilitates quick block submission and confirmation, substantially mitigating the risk of malicious attacks while maintaining high transaction throughput. With an average transaction per second (TPS) rate of 3300 and peaks reaching up to 7800, WaykiChain showcases its ability to manage large transaction volumes efficiently and securely. To further enhance its security, WaykiChain supports a dual Virtual Machine (VM) environment, consisting of both LuaVM and WebAssembly (WASM) VM. This configuration enables the execution of smart contracts, allowing developers to build secure and sophisticated decentralized applications (dApps) on the platform. Beyond its technical security measures, WaykiChain promotes user involvement in network security through staking mechanisms. Users who stake their cryptocurrency on the platform are rewarded, generating a strong incentive for participants to contribute to the network's overall security and stability. WaykiChain's dedication to security is also reflected in its proactive engagement within the blockchain community, as evidenced by its role as the Vice President Unit of the Shenzhen Blockchain Association. This position highlights the platform's commitment to advancing blockchain technology and providing a secure and resilient ecosystem for its users. In summary, WaykiChain achieves its security objectives through an amalgamation of advanced blockchain technologies, efficient consensus mechanisms, smart contract execution environments, and community participation. These elements collectively aim to create a secure, efficient, and decentralized financial ecosystem.

What are the potential applications of WaykiChain?

WaykiChain is positioned as a finance-centric public blockchain, offering a robust infrastructure for decentralized finance (DeFi) applications. Its core functionalities encompass the implementation of decentralized exchanges (DEX) and the issuance of a crypto-asset backed stablecoin, enhancing the stability and liquidity within the ecosystem. The blockchain employs a dual consensus mechanism, dPoS+pBFT, ensuring fast and secure transactions with a block submission and confirmation time of approximately 3 seconds. This efficiency is reflected in its high transaction per second (TPS) capacity, averaging 3300 TPS with the ability to peak at 7800 TPS, demonstrating its capability to handle high volumes of transactions efficiently. The platform supports a dual virtual machine (VM) environment, integrating LuaVM and WASM VM for executing smart contracts. This versatility facilitates developers in creating diverse decentralized applications (DApps) by providing them with a developer-friendly environment that supports various programming paradigms. WaykiChain's utilization extends beyond a transactional platform. It serves as a foundational layer for technology research and development, project operations, infrastructure services, and industry-specific solutions. The ecosystem is designed to foster innovation in digital asset management, utilizing DeFi services, and exploring various applications through its WaykiTimes mobile wallet. This comprehensive approach aims to streamline the integration and adoption of blockchain technology across different sectors. To encourage the development of valuable blockchain applications, WaykiChain has initiated a DApp Funding Program, allocating 1.5 million USD as an incentive for developers. This program underscores the platform's commitment to nurturing a vibrant ecosystem of DApps that can contribute real value to the blockchain community. In summary, WaykiChain is a high-performance blockchain platform that emphasizes DApp development and DeFi services. Its advanced infrastructure, coupled with a supportive ecosystem for developers, positions it as a promising platform for a wide range of applications across various industries. As with any investment in the crypto space, individuals are advised to conduct thorough research to understand the risks and opportunities associated with WaykiChain and its offerings.

What significant events have occurred for WaykiChain?

WaykiChain has established a significant presence in the blockchain and cryptocurrency sphere through a series of impactful events and developments, demonstrating its dedication to innovation and community involvement. Since its inception, WaykiChain has concentrated on delivering a robust decentralized finance infrastructure, utilizing its finance-centric public blockchain to enable core-layer implementations such as decentralized exchanges and crypto-asset-backed stablecoin technologies. One of the pivotal milestones for WaykiChain was the launch of its mainnet on December 30, 2017, which laid a strong foundation for its future innovations and services. This was succeeded by a notable technical achievement, the introduction of WaykiScan v.2.0 on May 27, 2019, which improved the transparency and user experience of the blockchain's functions. The platform has successfully achieved the listing of its native token, WICC, on various exchanges, enhancing its accessibility and liquidity for users globally. This development was further supported by the release of WaykiTimes Update Log, ensuring the community remains informed and engaged with the latest progress and features. Community engagement remains a primary focus for WaykiChain, as demonstrated by a range of activities designed to build a strong and vibrant community. These include the release of WaykiNews Episode 9, numerous community giveaways, and events tailored to regions like the Philippines, Turkey, and Korea. An offline fan meetup in Michigan further underscored the platform's dedication to fostering a global community. In addition to these community-focused initiatives, WaykiChain has also concentrated on technical and operational advancements. This includes the development and release of various versions of WaykiBet and WaykiChain Wallet DApp, as well as the open sourcing of DApp-IOS V2.0. The platform's involvement in significant industry forums, such as the Global Blockchain Elite Forum and the China Development Forum, highlights its position as a thought leader in the blockchain sector. Looking forward, WaykiChain is set to participate in major events like ETHDam and Blockchain Life in 2024, demonstrating its ongoing commitment to innovation and global community engagement. With an impressive average TPS of 3,300+ and a peak of 7,800+, alongside a dual-VM environment for smart contract execution, WaykiChain continues to push the boundaries of what is possible in decentralized finance. As with any investment in the cryptocurrency domain, it's essential to conduct thorough research and consider the inherent risks. WaykiChain's journey illustrates a trajectory of continuous growth and community-focused development, contributing significantly to the broader blockchain ecosystem.

Investors interested in WaykiChain are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.