Bachelor's Degree.Public Accounting / MSc.Science of Higher Education.
Author:@dgalan, through Power Point 2010, using official images from the waykichain portal.
Greetings dear and dear friends of this important and prestigious platform, as I mentioned in my previous publications, WaykiChain technology Ltd, is an organization that is consolidating in the world of cryptocurrencies that has made an important leap in the Blockchain world occupying an important position among the best Blockchain ecosystem in the world. In this publication I will show you a little more about the cutting-edge technology it is applying.
¿What technology does WaykiChain have?
1.- StableCoin Technology:
We can say that the stablecoin system is based on the bottom layer of the WaykiChain chain. The stablecoin is tied to the market value and can be generated at any time by pledging twice the value of the asset on the chain. It can be freely circulating among several accounts to meet the demand of various higher-level applications.
It should be noted that its stability is calculated using two prices; the decentralized feed price and the reference price of each block in the chain, thus ensuring that the value is referenceable. When the value of the underlying asset fluctuates, a settlement mechanism (systematic settlement and artificial settlement) will be triggered to ensure that the overall value of the underlying assets can be backed and protected by the stablecoin throughout the ecosystem.
Importantly, the stablecoin can be exchanged and have no restrictions to be able to circulate freely among users. At the same time, the stablecoin system will implement automatic pending orders and matching on decentralized exchange (DEX) on a blockchain.
Its technology also has a DEX where there is an efficient decentralized exchange based on WaykiChain's lower layer and can support the entire process, from completion of pending orders, through to matching and settlements.
All transactions are recorded and can be reviewed on the blockchain for an auditable transaction account at any time in the instance of being desired. In addition, various types of cryptoassets issued on WaykiChain, can be used for purchases on DEX.
It is important to note that at this time, WaykiChain's core applications are complete. We are on a quest to promote DApps to land on WaykiChain. In addition, even more refined asset issuance standards than ERC20 tokens were introduced to help users issue assets on the blockchain faster and more securely.
It is of utmost importance to know that WaykiChain supports five types of assets.
All of these assets are supported on the lower layer of the public blockchain so that it can become a strong and scalable settlement layer to meet the sorting and circulation demand of various commercial and financial industries.
4.- Governance systems:
With the introduction of stablecoin technology within WaykiChain, WaykiChain needs a governance token for two purposes as they ar:
A) That it serves as a balance to continuously earn interest incurred and accrued through stablecoin activities (collateralization, redemption and settlement).
B) It allows to offer value to liquidate those PDCs that are under-collateralized through the system's real-time inflation process.
In my next posts we will be covering more about WaykiChain's technology.
I hope you like my article and I would appreciate all your comments.
