WaykiChain (WICC) Review, Price, Market Cap and more | Coinopsy

WaykiChain (WICC)

WaykiChain (WICC) - WaykiChain

The main goal of the WaykiChain (WICC) platform is to offer you a stable as well as secure gambling environment. It is also decentralized which means that there are fewer chances...
Pros Cons Related Cryptos Review Conclusion
WaykiChain's current price is $0.207 USD. In the past 24 hours, WaykiChain's price has increased by +6.8 percents..
WICC
Name (Ticker)
WaykiChain (WICC)
Price (USD)
$0.20723966337
Rank
158
Active Supply
189.0 million
Total Supply
210.0 million
Volume(24H)
983514
Market cap
39.2 million
Fun Name
WaykiChain
Meta Tags
Website Links
Social Links

Chart

Pros

  • Decentralized

Cons

  • No backing (asset, profits, commodity)

Review

If you are looking for a gambling platform that is bitcoin based, then look no further than the one called WaykiChain (WICC). It supports Turing devices and makes use of Delegated Proof-of-Stake or DPoS consensus mechanism. The nice thing about WaykiChain (WICC) is it generates new blocks every ten seconds and it also makes use of 11 voting notes. It is also capable of handling more than a thousand transactions per second.

  • Stable and secure gambling environment
  • Very transparent
  • Versatile

The main goal of the WaykiChain (WICC) platform is to offer you a stable as well as secure gambling environment. It is also decentralized which means that there are fewer chances of the system being corrupted or affected by types of illicit profits which are something that affect this industry quite a lot. Being a decentralized platform WaykiChain does not allow data to be controlled by any party of interest. In addition, the data cannot be altered to provide wrong and false betting results.

There are other reasons to use WaykiChain (WICC) including the fact that it is highly transparent and in addition the operational costs are also low. You won’t need to pay 3rd party commissions and there will be a ninety-nine percent rate of return. The platform is open to new investors as well as users and so anyone is able to use the WaykiChain infrastructure to build strong blockchain apps.

The WaykiChain (WICC) platform is also very versatile for app development. However, the platform mostly aims to provide opportunities to build betting apps including sports betting and event betting. The WaykiChain Betting is a Windows based decentralized app that acts like a wallet. You can use this to transfer your funds and also to quickly publish the betting smart contract.

The WaykiChain (WICC) platform will soon be available on IOS and Android platforms and will probably start working towards the second half of this year (2018). These apps are designed to give users a chance to conveniently store Wayki coins on mobile terminals.

If you wish to purchase the WaykiChain (WICC) coin, then you must first purchase BTC or EGC from any exchange that accepts those coins. After that, you need to find a marketplace selling WICC in exchange for these coins. To store your WICC coins, you will need to use the official WICC wallet. Though there are not too many exchanges dealing with WICC, the fact is you can use Houbi and BCEX as well as ChaoEX and Hotbit to trade in WICC.

Conclusion

This project is not the most popular in the cryptospace but it does have the potential to grow and expand its reach. If you are into gambling, then this may well be the right platform for you.

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Sidechain Tech DAPPS Consensus Protocol Smart Contracts Technical Overview

Sidechain Tech

Currently, the most popular Ethereum smart contract platform has been drawn the market’s attention and has been highly recognized by the market. However, there is still huge potential improvement for Ethereum, which could be seen from the recent network congestion. In history, Ethereum had been stuck from network congestion or hacked frequently. WaykiChain would apply its own sidechain technology, which allows the applications based on WaykiChain to have its own sidechain. Sidechains are mutually exclusive and are able to set up its own consensus. Sidechain will be required to download specific blocks when using the sidechain application. Therefore, it will enhance the efficiency and reduces the resources waste. Sidechain will transfer and receive information from the main chain to ensure the information security by registering its hash on main chain

DAPPS

WaykiChain’s decentralized game prediction application is the first smart contract released by WaykiChain team. Every term of game prediction will be triggered by the initiator through the smart contract transaction. During the valid period stimulated by the contract, the user may initiate the game prediction contract transaction, and all of the transactions can be searched in the block browser and can never be revised.  All of the WaykiChain coins in the game prediction will be frozen in the smart contract. When a certain term of game prediction is over, the predicting initiator will publish final game prediction results through the contract transaction. Then the smart contract will issue awards to the correct predictors based on final results from official authorities.

 

After WaykiChain’s infrastructure app is completed, the team will try its best to push for blockchain application’s landing on WaykiChain. Firstly, WaykiChain will publish more detailed assets issuance standard than that of ERC20 tokens so it can help community users to distribute assets on the chain faster and safer. Through the formulation of these standards, we will break the barriers between traditional finance and digital assets on WaykiChain. Secondly, once these digital asset certification and assessment standards are established. After the assets on the WaykiChain are enriched, the assets on WaykiChain can be graded on these criteria, and those undesirable assets will be eliminated by the market.

Consensus Protocol

WaykiChain adopts DPOS consensus mechanism with 11 accounting nodes. When each block is generated, each accounting node is elected according to the random perturbation algorithm from the 11 nodes with the most votes. Then the accounting node gains all of the transaction handling fee in its accounting block. When a user locks his WaykiChain coin (WICC), he will earn corresponding votes. Every vote can be cast for 11 candidates at most. Voted users will be awarded corresponding interest. When their corresponding accounts’ votes change, the interest from voting will be received automatically. The first year’s rate of interest is 5% and the annual rate of interest will be decrease by 1% during the following years. Finally, the annual rate of interest will be fixed at 1% permanently

Smart Contracts

WaykiChain is a smart contract platform that supports Turing devices. It adopts DPOS consensus mechanism, sets up 11 voting nodes, and generates a new block every 10 seconds. According to detailed calculation by WaykiChain Team, currently, the confirmed transaction speed can reach 1000+TPS. WaykiChain’s smart contracts are compiled with Lua scripts. Lua was innovated in Brazil in 1993. After 30 years of development, Lua is widely used in various kinds of fields, such as games, internet of things and built-in devices, etc. It is easy to learn and use by community developers because of its detailed development materials, and thus enjoys global support from developers and enterprises. With only a small number of WaykiChain coins, community developers can publish their Lua smart contracts into WaykiChain’s decentralized blockchain networks

Technical Overview

WaykiChain focuses on the core technology of public chain bottom layer and the corresponding ecosystem technology research and development as well as related project operation. The independent research and development of the third generation of blockchain business reached the leading level in the industry, with high-performance transaction processing capabilities (TPS3300), efficient mechanism of consensus (DPoS + BFT), strong ismart engine (Lua + WASM) contract, as well as the blockchain ecological decentralized control ability, WaykiChain can provide various major industries and key areas of vertical industry with infrastructure services and industry solutions.

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Buying WICC Online/Web Wallets

Buying WICC

Credit card and bank transfer options are fairly limited and we wouldn't trust many of the current option. The safest way to buy WICC, the main net version of the token, is by buying some ETH or BTC through Coinbase and then exchange it for Seele on Huobi

Huobi

Founded in 2013, Huobi is a cryptocurrency exchange with over a million users and more than $1 billion in assets under its custody. Headquartered in Singapore, the company has an international presence. Huobi offers competitive trading fees when it comes to its commissions, as the broker charges 0.2% on major crypto pairs such as BTC/USDT, whether your order is helping to create liquidity or take it away.

Online/Web Wallets

WaykiMax

WaykiMax is the browser plugin for WaykiChain. Allow users to manage their account information, add tokens, check balances, create/import/export mnemonics, WICC&token transfers etc. Meanwhile, WaykiMax provides developers with the WICC Wallet interface.Developers can integrate when developing DAPP so they can sign and broadcast WaykiChain transactions. This makes it possible to use DAPP in your browser.

 

We wouldn't recommend using any other wallets as we aren't very familiar with their legitimacy.

Wayki recently transitioned to main net so not any recognized, legitimate wallets support the main net version of its token.

 

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