WaykiChain focuses on the research and development of core blockchain technology and related ecosystem technologies, as well as the operation of associated projects. Its independently developed third-generation commercial public blockchain is at the forefront of the industry, featuring high-performance transaction processing (3,300 TPS), efficient consensus mechanism (DPoS + pBFT), powerful smart contract engine (Lua + WASM), and decentralized governance capabilities for the blockchain ecosystem. It can provide infrastructure services and industry-level solutions for various sectors and key vertical fields.

Introduction to the Project

WaykiChain fully leverages and maximizes the decentralized, tamper-proof, and fair attributes of blockchain technology to build and develop new business models in the context of the new era. It will revolutionize traditional industries with trillions of dollars in market size, such as traditional guessing games, asset trading platforms, and foreign exchange settlement markets. By building a third-generation blockchain underlying system with new and powerful technological characteristics based on Bitcoin and Ethereum, WaykiChain aims to provide enterprise-level blockchain infrastructure and industry solutions to ultimately construct an independent and self-sufficient business ecosystem.

Project Features

Smart Contracts:
WaykiChain is a Turing-complete smart contract platform that adopts the DPoS consensus mechanism, with 11 voting nodes set up, generating a new block every 10 seconds. The mainnet operation of WaykiChain has proven that it can achieve a transaction confirmation speed of over 1,000 TPS.
Voting Mechanism:
WaykiChain uses the DPoS consensus mechanism, where users lock their held WaykiCoins to gain corresponding votes, with each vote able to select up to 11 candidates. Users participating in voting can receive corresponding voting rewards.
Sidechain Technology:
WaykiChain will adopt a sidechain architecture, with each application having its own independent sidechain. Application data remains separate and does not affect each other. Application sidechains can define their own consensus mechanisms, sidechain assets, and block generation intervals among other protocols. When a user decides to use a specific application, they only need to download the data from that applications sidechain.

Technical Overview

Consensus Mechanism:
WaykiChain employs the DPoS + BFT consensus mechanism, balancing overall performance and consensus efficiency. A total of 11 super nodes are set up through voting elections, generating a new block every 3 seconds. Stress testing of the latest version of WaykiChains mainnet has shown that the transaction capacity reaches an average of over 3,300 TPS and a peak of over 7,800 TPS.
Cross-chain Technology:
WaykiChain will support heterogenous decentralized atomic cross-chain technology compatible with famous public chains like Bitcoin and Ethereum, while also supporting homologous sub-chains within the core of the WaykiChain ecosystem (e.g., DEX high-frequency sub-chain). Industry-level applications aimed by WaykiChain will have their own independent sub-chains built on the WaykiChain. Application data remains separate and does not affect each other. Application sidechains can define their own consensus mechanisms, sidechain assets, and block generation intervals among other protocols.
DEX:
A highly efficient decentralized trading platform built on the WaykiChain foundation, supporting the entire process of order placement, matching, and settlement on-chain. All transactions are recorded on the chain, forming a complete, auditable transaction ledger. Additionally, various types of cryptographic assets issued on the WaykiChain can participate in trading on DEX.
CDP:
Anyone can generate stablecoin assets pegged to fiat currencies like the US dollar through collateralized debt positions provided by the underlying WaykiChain after staking digital assets held on-chain. A decentralized oracle machine, on-chain built-in exchange, liquidation system, and dual risk protection mechanism are established to ensure the relative stability of stablecoins against fiat currencies.
Dual Virtual Machines:
WaykiChain provides dual engine technology for achieving Turing-complete computing capabilities in smart contracts: LuaVM + WASM VM. Lua, as a lightweight scripting language, allows DAPP developers to rapidly develop contracts. WASM VM is a powerful and efficient virtual machine that supports multiple programming languages, enabling developers to create various rich and powerful high-level DAPPS.

Commentary

WaykiChain will significantly expand the breadth and depth of blockchain applications. Traditional industries face very apparent pain points that restrict their further development. Taking target industries as an example, traditional guessing platforms suffer from issues of trust, high commissions, and lack of product variety. Centralized asset exchanges face problems of security, unfairness, and high transaction fees. International remittances and foreign exchange transactions are plagued by long settlement times, exchange rate risks, lack of transparency, and excessively high transaction fees. Decentralized applications built on the WaykiChain system inherit the characteristics and advantages of blockchain technology, perfectly addressing the unreasonable aspects of target industries and promoting their healthy and positive development.
As a third-generation blockchain underlying system, WaykiChain perfectly inherits the characteristics and advantages of traditional blockchain ecosystem technologies, truly achieving the combination of blockchain and commercial applications, thereby significantly enhancing the value of traditional industries and promoting the vigorous development of blockchain technology applications across all sectors.

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