What is WaykiChain? WaykiChain is a Blockchain platform that allows users to create their own decentralized applications (dApp). cryptocoin.com In this article, we have answered the questions that investors wonder, such as what WaykiChain is, what it offers, what is WICC coin for, how to buy it. Let’s examine the project together.
What is WaykiChain?
Much like popular altcoin projects like Ethereum, WaykiChain is a decentralized application (dApp) based Blockchain platform. Launched before more well-known projects like Tron and EOS, Wayki is therefore a third-generation blockchain. On this platform, users have the opportunity to create their own dApps. They do this with WaykiChain’s custom Turing smart contracts.
However, dApp development for users has been made easy compared to other networks. The WaykiChain team provides convenience to its users thanks to the unique templates it creates. Templates allow developers to easily create their dApps without deep knowledge of smart contract programming languages.
What does WaykiChain offer?
At the heart of the Waykichain protocol is a proprietary Proof-of-Stake consensus mechanism. This Delegated PoS mechanism allows the network to run faster than its competitors such as Ethereum. There are 11 voting nodes in the mentioned mechanism. With these nodes, a block is created every 10 seconds in the network. This means that transaction speeds on the Waykichain network can currently reach over 3,200 TPS. So the scalability and speed of the network is extremely high.
Waykichain also implements sidechain technology as part of their network infrastructure. This allows certain applications to run on their own sidechain without slowing down the network on the main chain. In this way, it is possible for the network to work fast even at high density. Finally, on Wayki, users do not pay gas fees for running dApps, unlike Ethereum. The gas fee paid for running the dApp is only paid by the smart contract owner.
What is WICC coin? What does it do?
At the heart of the Waykichain ecosystem is the WICC native token. This altcoin powers the network and allows users to access applications and transactions on the system. The WICC coin started as an ERC-20 token as the network originally ran on Ethereum. However, they moved away from this standard when they launched the project mainnet in June 2018. From that point on, WICC became an altcoin with its own Blockchain.
Basically WICC is used for some specific DeFi purposes. Among them, staking comes first. In Wayki using the DPoS model, WICC holders can lock their assets into the platform’s smart contracts. This lock-in happens with a certain maturity and is similar to investing your money in interest. WICC staking earns additional token rewards at maturity. Also, WICC coin stands out as a payment method for gas fees paid for running smart contracts on the network.
What is WaykiChain? How to get WICC?
WaykiChain, which is especially popular in Asia as it was launched in Hong Kong, is not well known in other regions. Investors who want to buy WICC coins need access to exchanges such as Gate.io, CoinTiger, CoinW and BKEX, especially Huobi. They must then create and verify an account and deposit funds into their wallets. Thus, they can access WICC coin pairs and buy the altcoin.
