With the Blockchain technology development and effective applications are gradually accepted by the international community. This is a trend of the future. Blockchain is an ideal form of Internet of Things (IOTs). With the advantages of transaction speed, security and special ability to bring passive income for everyone with the accompanying applications. The Wechain network is an example of which, with its decentralized social networking platform, Blockchain is pioneering a multi-billion dollar business. We can look at the evolution of social networking in recent years, it is growing at a rapid pace. Can refer to Facebook, Twitter ... is one of the typical names in this field. That further confirms Wechain is choosing a very practical direction and investors to buy and keep these WCN. Be wise investors like Warren Buffett, the billionaire said.
Wechain Networks is a global Decentralized Social Networks on the blockchain and smartcontract to help users control their sharing data.
WeChain Network Solution:
The line of the network blocks application filesystem is not allowed to be found, where no Facebook database is currently now.
Since its early inception, social media has quickly gone from a simple novelty used only to keep friends updated and included on our daily lives to becoming a grow-ing source of entertainment, news, and community. And as nearly three billion people now utilize social media in some shape or form, its impact on life cannot be denied. From those nearly billion active users, volumes upon volumes of data are generated, saved, and often sold to the highest bidder. Essentially selling people’s personalities, secrets, and lives to corporations that utilize that information to create targeted ad campaigns. And this happens every moment of every day.
WeChain Network aims to change that and redefine how social media interacts within our lives.
Gone is the large collection of centralized servers that are vulnerable to hacking, storing troves of sensitive data to be used as companies see fit. In their place, a more transparent, honest, and open blockchain format that allows every user to hold WeChain Network accountable for data.
WeChain Network is built upon the main prin-ciples of privacy and security as an undeniable right, giving each user unprecedented protection and security and allowing you to connect with everyone you know safely, and most importantly, securely.
More than just a social network:
Blockchain platforms are bringing to life the concept of a consensus computer - a distributed network of computers carrying out useful tasks. One of the most pressing problems facing these platforms is their lack of scalability, i.e., the ability to handle a larger number of transactions per second as the network grows. A number of works have noted how existing blockchains are handicapped in their ambition to scale the next generation of Internet-style applications. An oft cited example is the 3-7 TX/s available in Bitcoin and Ethereum today, and the demands of payment processing in centralized operators (e.g., VISA, MasterCard) for supporting thousands of TX/s.
WeChain Network is a new blockchain platform that is designed to securely scale in an open, permissionless distributed network. The core feature that makes WeChain Network scalable is sharding the division of the network into several smaller component networks capable of processing transactions in parallel. As a result, the transaction rate in WeChain Network increases as the mining network expands. WeChain Network aims to rival traditional centralized payment methods such as VISA and MasterCard. In fact, with a network size of 10,000 nodes, WeChain Network will enable a throughput which matches the average transaction rate of VISA and MasterCard with the advantage of much lower fees for the merchants.
WeChain Network is so much more than another simple addition into the growing line of social media networks available. It is the beginning of a digital revolution.
Aptly named Social Activity Tokens, or WCNs for short: this brand new form of cryp-tocurrency can be used for a wide variety of uses and can even be utilized to fund grass roots campaigns and movements, allowing them to reach more people and larger audiences. To celebrate the launch and welcome the coming digital revolu-tion, WeChain Network is holding an open offering to all those ready to join something spe-cial and different.
This special occasion, only available now, will set the precedent for the entire value of the WCNs. And once it’s over, no more WCN tokens will ever be produced.
You can receive WCN from ads just by clicking on and viewing the ads. We want to help you to enjoy some benefits whenever you choose to share your data. By holding WCN tokens, you will receive WCN from each and every ad contract according to the amount of your WCN. We share 100% of the value with our community.
So if you are ready to be a part of something special and ready to take the power back, join us in the digital revolution.
How does WeChain Network Work?
WeChain Network dynamically splits the network of blockchain nodes into different subgroups, called shards, with each shard formed to process and reach consensus on a subset of transactions. This way, disjoint subsets of transactions can be processed in parallel, and significantly boost the transaction throughput by orders of magnitude. Eventually, such transactions are merged into a new block that is committed to the blockchain.
The primary challenge in realizing such network sharding is how to ensure the security of the protocol. The naive approach would suffer from much higher susceptibility to compromised blocks as the size of the consensus groups is smaller under network sharding. To address security implications from it, we invent a new protocol that achieves scalability with strong security guarantees.
The gist of our network sharding key protocol is to leverage a proof-of-work (PoW) puzzle to elect and update a directory service committee in a decentralized and democratic manner. The directory service committee is tasked to coordinate the sharding process, as well as validate the blocks of transactions proposed by each shard and verify if they have received approval from a sufficiently large quorum within the shard.
Unlike several existing blockchain platforms (such as Ethereum and Bitcoin), WeChain Network does not employ PoW to achieve consensus. In fact, PoW is used only to prevent sybil attacks and perform sharding key. As a result, it can potentially be replaced by any other sybil resistance mechanism such as proof-of-stake (PoS). Our choice of PoW is motivated by the fact that its security guarantees have been well studied in the literature unlike PoS which is still under active research.
Roadmap:
TokenSales Detail:
WCN Crowdsale
Name of token: WeChain
Network Symbol: WCN Token
Standard: ERC20
Standard Decimals: 2
Token contract address: 0xafe8ba38ec668db1d30c805c40983839bf8b4278
Role of Token: Utility Token. Use for purchase goods and services on social media platform
Total supply: 10,000,000,000 WCN Available token for sale: 4,500,000,000 (45% of supply) Emission: All unsold and unallocated tokens will be destroyed, and additional release of tokens will not be possible
Period of Sale:
22nd July 2018 at 21:00 UTC to 23rd September 2018 at 21:00 UTC
Cost of 1 WCN: 01 ETH = 100,000WCN
Softcap/Minimum Goal: $5 million - Softcap goal reached
Hardcap/Maximum Goal: $25 million
Accepted currencies: Ethereum
For more information:
Website: https://www.wechain.network/
Whitepaper: https://www.wechain.network/WeChain-Whitepaper-En.pdf
Telegram Channel: https://t.me/wechainnetworkchannel
Telegram Group: https://t.me/wechainnetwork
Twitter: https://twitter.com/WechainN
Facebook: https://www.facebook.com/wechainnetwork
Author info:
Email: [email protected]
Bitcointalk username: icoinvesting
Bitcointalk URL profile: https://bitcointalk.org/index.php?action=profile;u=1696919
