What Is Waykichain

A blockchain 3.0 based on bitcoin and ethereum that is brand new with underlying powerful system that is committed to providing enterprise-level blockchain that is both industry solutions and infrastructure. Waykichain fully integrating unique features of smart contract, programmable digital currency, value transfer protocol and distributed ledger. With the innovative blockchain technology, waykichain has major advantages in technology, target industry resources, business governance, funds management, market potential and sustainable growth.

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A public chain that’s secure and perform highly with public blockchain that infrastructure for the future generation. With distributed intelligent applications. A blockchain platform with performance that enhances and encourages the decentralize ecosystem. Waykichain uses (DPoS) delegated proof of state consensus mechanism inspired by bitshares and graphene steemit technologies. BFT-DPoS consensus method used by waykichain enables the combination of DPoS and Pbft benefits that’s highly scaling up the Tps to 4500+. The system of the waykichain was built to lessen the hindrances to entry into blockchain technolohgy and increasing its focus on scalability and usability. The next generation infrastructure design will encourage various types of DApps and different smart contracts.

Vision

It seek to enhance public network, by overcoming hindrances and up scaling processes to achieve great dreams, By making it possible. Waykichain as a blockchain technology will develop and provide advice , technical assistance to architectural design, implementation and development planning.

Waykichain stable coin

The WUSD is an acronym for the waykichain stablecoin that is a collateral instrument with cryptocurrencies ETH, BTC and WICC. These are seen as collateral assets thatcan aquire proportional amount of WUSD by coupling the WICC. The rate of collateralization is the raio of 1:1, that is between the value of WICC assets and value of the obtained WUSD. Overcollateralization is a system rule, which implies that, for the transaction to be complete, coupled form must pay the WICC more than the value of the WUSD. Sufficient decentralization will enable the maintaining of stability of the value of currency. A system that involve clearing is also introduced to settle insolvent Dpcs. with waykichains introduction and launching of the WUSD stablecoin, the coin been called WGRT. A first generation of an asset-backed stablecoin. Making it reliable, hence it generates different backups asset for many investments.

WUSD is a digital currency that maintain a constant price and it also can be used to represent value of other assets like fiat currencies and cryptocurrencies. Value of assets that is based on the waykichain blockchain infrastructure, held by responsible partner with professional audit firm. With advantages of transparency, secure storage, non-speculative properties and high-speed circulation. WUSD waykichain stablecoin will be channels of daily payments, pricing and saving assets in the blockchain field.

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Solutions To Limitations In Target Financial Ecosystem

The betting Industry

Limitations

The centralized business platform adopted by several betting organisations where the game assets are managed by those centralised platform posses a lot of limitations. The reliability and qualifications of the platforms are not guaranteed, putting the participants at a considerable risk. Lack of legal protection enabling some platforms to defraud their users and escape. Inadequate user data protection, transaction history tempering prevention, and user identity theft have made the platform vulnerable to hackers. Differences in the perspective and regulations of various countries towards the gambling industry significantly limits It's ability to develop and evolve. Other limitations include high percentage of commission fees recieved by betting platforms which reduces the return that should be enjoyed by users, limited events available for users to choose from and so on.

Solutions

With the characteristic features of the blockchain technology, the waykichain is able to build a decentralized betting platform that provides solutions to the limitations of the centralized traditional betting industry. The decentralized platform will be open to all and not controlled by any central authority hence it is reliable and transparent. The gamers' information is stored by a secured smart contract and cannot be hacked, or altered, this also provides an anonymity that helps users to participate safely. Participants will use waykichain's digital currency which cannot be destroyed or influenced the country's legal authorities. High percentage of commission fees by betting platforms would also be eliminated since the platform is decentralized and opened all users.

The Asset Exchange System

Limitations

The centralized nature of the transaction system leaves the network vulnerable to malicious attacks and hacks which affect the transactions on the network as in turn adversely affect the users. The assets disposition right is transferred from the owner to the centralized assets exchange upon choosing the centralized assets exchange. As a result, users' transaction data is available in the exchange, allowing them access to all of the users' transactions as well as the authority to sell their assets. This increases the risk of unfair transactions and insider trading scandals which have been seen in several major exchanges. Other limitations in the centralized exchange system include very high transaction fees in form of handling charges, inefficient transaction speed and regulations such as trading time limits, daily cash withdrawal quotas, and even the requirement of evidence of a user's assets income.

Solutions

All transactions in the WaykiChain decentralized assets exchange are carried out using smart contracts, ensuring that no fraud or malicious attacks thereby enabling more efficient and safe digital asset transactions. The decentralized exchange platform eliminates the interference of an insider or middleman by allowing the asset publisher and investor to trade directly. This also allows users to have complete control over the disposition of his or her assets with no restrictions on cash withdrawals and no expensive fees in form of handling charges . Users do not have to worry about their transaction details or the dealer's counterpart transactions being spied on because transactions may be made anonymously on the exchange.

Forex Market

Limitations

One of the major limitations in the forex market, is uncertainty and transaction completion time delays. One trading party sends its funds to the intermediary according to standard procedure. CLS, a foreign currency settlement service, will, for example, retain the funds until the counterparty provides its fund, so before the settlement is finalized, the originating party's funds are generally frozen in the transaction for one day, if not longer. Forex traders must also deal with the dangerous risk of exchange rate fluctuations, due to the transaction's time delay. Every country prioritizes the supervision of foreign exchange activities, but increasing supervision efficiency while cutting expenses is difficult.

Solutions

WaykiChain's smart contract will assure the transaction is faster and more secure while also lowering the transaction costs. WaykiChain does not charge any handling fees, unlike standard trading platforms. And the actual rate will be quite similar to the official rate.

The blockchain Eco-system

On WaykiChain's usable and extendable blockchain infrastructure platform, any developer can submit their applications and turn their company ideas into reality.

In order to expand the market, WaykiChain will initially focus on three major applications: decentralized betting, decentralized assets transaction, and decentralized forex. The upper-layer blockchain applications will thereafter be gradually increased and perfected. The WaykiChain system will also enable development platforms for a variety of systems and users. The WaykiChain Team will as well continue to build and supply mobile terminal services, such as a mobile wallet and a mobile smart contract application. It is projected that implementing blockchain mobile terminal services in its entirety will not only influence current APP marketplaces and business models, but will also benefit a larger population of internet users.

Conclusion

According to the the white paper, they have a team comprising of developers with established reputations and successful project experiences in the sector, as well as experienced operators and specialists in the target industries. Also, the Team will be evaluated on a regular and planned basis through project development, application development, and fund returns in order to preserve the team's positive attitude and efficiency, as well as WaykiChain's project progress. When looking at the team's accomplishments, it's clear that they've made significant progress. For these and many more reasons, I believe the WaykiChain platform is very credible and worth investing in.

Official Contact

Website: https://www.waykichain.com/

Whitepaper: https://www.waykichain.com/Whitepaper-en.pdf

Twitter: https://twitter.com/wayki_chain

YouTube: https://www.youtube.com/channel/UCjudZhgPcAX74LVxi23kKvg

Facebook: https://www.facebook.com/waykichainofficial

My bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1633818

My Wayki chain Wallet: WTvM7tcGLYke9HeyMjCDB7xQULwdmMWYBu