WaykiChain's ecology will accommodate heterogeneous cross-chain technology,

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Overview

Stablecoin is the first generation of digital currency asset-backed stable currency. It is a new type of digital currency that maintains a constant price, and it is used to represent the value of other assets such as other cryptocurrencies and fiat currencies. The underlying assets used in stablecoins are usually fiat currencies or gold.

The most well-known stablecoins are USDT (Tether) and TUSD (TrueUSD). USDT, which is issued by Tether Limited, is pegged to US dollar at 1:1 ratio. TUSD, which is issued by TrustToken, is pegged to US dollar at 1:1 ratio. The value of TUSD is based on TrueCoin's blockchain infrastructure, the underlying assets are in custody by multiple custodians with professional auditing firms and verified by independent third parties.

The value of the asset is based on WaykiChain's blockchain infrastructure and the underlying assets are in custody by the custodian partners with professional auditing firms. With the advantages of transparency, non-speculative property, safe custody and high-speed circulation, WaykiChain's stablecoin is expected to become the media for asset preservation and daily payment and pricing in blockchain field.

WaykiChain has concentrated its efforts on researching, creating, and disseminating the Blockchain 3.0 infrastructure that underpins our application services and solutions. WaykiChain's mission is to enhance the security and performance of our application services and solutions, while also providing deep integration and ease of use for our clients, allowing them to focus on their business rather than the underlying infrastructure. WaykiChain is committed to the industry's long-term development through the provision of infrastructure services.

WaykiChain's services are available to developers, merchants, and users worldwide.

WaykiChain is a public chain based on the DPoS+PBFT consensus mechanism that intends to provide the public blockchain infrastructure for the next generation of distributed smart apps. We'll elevate the public chain and assist the entire industry in overcoming obstacles and expediting the process of turning dreams into reality.

From smart contracts to vertical industry solutions, WaykiChain will serve as an incubator for the development of blockchain technology, providing consultancy and technical help in areas such as architecture design, development planning, and implementation.

WaykiChain is a high-performance, highly secure blockchain platform that enables the development of a decentralized ecosystem. WaykiChain uses a Delegated Proof of Stake (DPoS) consensus mechanism inspired by Bitshares and Steemit's Graphene technology. WaykiChain employs a BFT-DPoS consensus method that combines the benefits of DPoS and pBFT, significantly increasing TPS to 4,500+.

The WaykiChain system was created to lower the entrance barriers to blockchain technology and to propel it forward, with an emphasis on usability and scalability. Its infrastructure will be designed in such a way that it can support any sort of DApp and any type of smart contract.

WaykiTimes is a mobile wallet. It is built on block chain technology and intends to assist investors in digital assets, blockchain developers, and industry partners in managing their digital assets and collaborating on decentralized finance and apps.

Our mission is to simplify, facilitate, and secure digital assets. We will contribute to the digital currency market by developing WaykiTimes and WaykiChain and by offering a better user experience to our users!

WaykiWallet will be a multi-chain wallet capable of storing over 500 different cryptocurrencies. It will have over 8000 nodes worldwide, offering users with a high-quality service at an affordable price. Apart from serving as a wallet, WaykiWallet will assist users in discovering, analyzing, and monitoring a variety of digital assets. Additionally, it will create a plethora of decentralized applications (DAPPs) to fulfill the diverse needs of consumers.

That is why we created a program to fund DApps. We will reward each submitted DApp with a total of 50,000 WIC tokens. If you're interested in blockchain technology or decentralized apps, or simply enjoy technology in general, WaykiChain invites you to participate!

WaykiChain will provide a comprehensive framework for developing and managing DApps. WaykiChain provides this platform, which includes but is not limited to technical architecture design, brand creation, marketing support and promotion, community building and operation, to DApp developers.

The Blockchain's Fundamental Technology

The WaykiChain Technology's Characteristics

WaykiChain achieves the best of both worlds when it comes to consensus methods by combining DPoS and pBFT algorithms. Every three seconds, a new block of data is generated by selecting one of the 11 pre-installed super nodes at random. The current version of WaykiChain's mainnet has been tested and determined to have an average trading capacity of 3300+ transactions per second (TPS) and a peak trading capacity of 7800+ transactions per second.

To enable Turing-complete computation, WaykiChain provides two virtual machines at the bottom layer: the LuaVM and WASM VMs. Lua, a lightweight and concise programming language, enables the rapid development of smart contracts. WASM VM is a strong virtual machine.

developers to take advantage of a powerful virtual machine that supports a wide variety of programming languages.

DApps should be capable of sophisticated functionality.

WaykiChain's ecology will accommodate heterogeneous cross-chain technology, such as Bitcoin and Ethereum, enabling for the implementation of numerous isomorphic sub-chains of core technology (e.g. high-frequency DEX sub-chain). The applications developed by WaykiChain will have a significant impact on the industry.

Sub-chains of WaykiChain can be created individually. Each application's data is distinct and separate from the others. Apart from defining their own protocols and assets, application sidechains have the option of specifying their own consensus mechanisms and

time intervals.

The stablecoin system is developed on top of the WaykiChain public chain. Stablecoins are created by pledging twice the value of the asset on chain. It can be freely exchanged between accounts in order to meet the requirements of various upper-level applications. Stability is calculated using decentralized feed prices and a reference feed price, which assures that the value may be used as a benchmark.

When the price of the collateral asset changes, an artificial or systematic liquidation process will initiate, guaranteeing that the total value of collateral remains consistent. Stablecoins can be used to safeguard assets across the network. Stablecoin is available for free trade and circulation. As part of the stablecoin system, the decentralized exchange (DEX) on chain will provide automatic pending orders and matching. A risk reversal pool will receive a portion of the interest and penalties paid by users, while a decentralized exchange will purchase and destroy the remaining.

The bottom layer of WaykiChain serves as the foundation for a decentralized exchange that enables the fulfillment of pending orders, order matching, and settlement. All transactions are logged on chain in order to maintain a fully auditable transaction account. Additionally, WaykiChain tokens can be used to conduct transactions on the DEX.

At the moment, this is the standard for issuing assets on the WaykiChain network. The WaykiChain team is putting forth a lot of effort to spread the news about the upcoming DApps. To aid users in swiftly and securely issuing assets on the blockchain, standards that are more refined than ERC20 tokens have been created. Establish standards to bridge the divide between traditional finance and WaykiChain's crypto assets. At the public chain's most fundamental level, support is offered for five distinct types of assets: underlying, collateral, user issued, cross-chain mapping, and Smart Assets via Wayki Chain. As a result, it will be equipped with a robust settlement layer capable of addressing the needs of varied commercial and financial industries.

You can access data from the WaykiChain application using the Block Browser. It will provide information about the addresses' transfer history and account balances based on data from the blockchain's app. The data itself is unalterable, transparent, and open. The wallet in the 2.8 browser

Plug-in Web browsers can now interact with smart contracts and other decentralized applications on the WaykiChain blockchain using a WaykiMax browser wallet plug-in. As a result, the barrier to entry to the system is reduced, and transactions become more convenient.

WaykiTimes is the name of WaykiChain's mobile wallet. Crypto investors, blockchain engineers, and other industry partners will benefit the most from the platform's ease of use and other capabilities, such as De-Fi.

Partner

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How to make a new wallet on WaykiChain with WaykiMax

Dapp is an abbreviated form of decentralized applications. As the blockchain technology continues to develop, the number of decentralized applications will continue to increase. It is expected that more and more people will use dapps in their daily lives. However, there are still some problems to be solved before dapps can go mainstream.

The biggest problem with dapps today is that they are not user-friendly at all. Currently, it takes a lot of time and effort to get into a dapp. The first step is downloading torrent software or using a virtual machine to access decentralized application networks. Then you need to purchase ETH tokens from an exchange like Coinbase or Binance and transfer ETH tokens to some ETH addresses in order to use specific DAPPs. This process involves multiple steps, which makes it difficult for users without technical background to get started with dapps.

To solve this problem, WaykiChain designed a plugin for leading web browsers - Chrome and Firefox is WaykiMax- so that users can easily access their favorite dapps without downloading any additional software or purchasing any tokens. The WaykiMax plugin includes two parts: one is the extension, which is used for signing transactions; the other is the wallet functionality. With these two parts

Here is Step By Step create wallet using WaykiMax

Step 1: Install WaykiMax on Chrome or Firefox. After installing the plugin, you can use it to interact with dapps.
Step 2: Click the "WICC Token Or WGRT" button in the plugin and click "Add Token". Scan the QR code of a token and input the token name and number of decimal places.
Step 3: Click on "Send WICC Or WGRT ", input your mnemonic phrase, enter your password, confirm transaction details again and click "Send token". You can send token from your account to another account.