Waykichain(WICC) Looks into Future: The Key to a Long-lasting Blockchain Project
Blockchain Projects Are Mushrooming Globally But the Average Life Span Is Only 1.22 Year.
More than 80,000 projects claiming to utilize blockchain technology have launched worldwide since Bitcoin’s underlying technology became the hottest buzzword in business. Of those projects, only a mere eight percent are still active, and the average lifespan of any given project is roughly 1.22 year, according to the China Academy of Information and Communications Technology (CAICT) in May.
What’s more, shown from a research commissioned by Invest in Blockchain in August, of the top 100 listed by market capitalization, only 36 actually had working products that are providing real value.
In this circumstance, He Baohong, the director of CAICT’s Cloud Computing and Big Data Research Institute said, “Governments globally are accelerating their efforts to establish unified standards in order to help blockchain projects to achieve real-life applications.”
Putting Application Into Actual Use Is the Key to A Long-Lasting Blockchain Project.
Great Minds think alike. When asked what’s the biggest problem blockchain is facing worldwide in an interview in 2018 “Belt and Road” Internet Technology Sub-forum, WaykiChain CTO Richard Chen declared that the application putting into practical use should be the very first step. Blockchain evolved to where it is today, is fully capable of carrying numerous applications, technically speaking. However, projects with many promises on the table and not many people who have seen it with their own eyes, are exhausting people with empty Powerpoints. A good project, on the contrary, puts its application into practical use and provide real value to the public. And only in this way will the society accept and embrace blockchain technology and in turn stimulate the development of blockchain technology.
Undeniably, there are strict requirements for blockchain technology, performance and security to launch an application. Therefore, WaykiChain has been keeping track of the most cut-edge blockchain technology, including the smart contract of EOS based upon WASM, with the ambition of ascending to top 5 in public chain.
WaykiChain Is To Launch 2 New Products.
The first smart-contract-based game prediction WaykiChain DApp was launched in May 2018, attracting over 130,000 users to download and bet and has been upgraded to V2.1 ever since. The latest product DApp V2.5 is planned to launch in November along with a new WaykiChain wallet.
The new WaykiChain wallet, unlike the previous version, will retain only the original wallet functions, such as Lock Revenue Sharing and node voting. The newly added “community” feature gathers the core users of WaykiChain and blockchain together, will become the user community ecology of open communication. And there even will be a technology section to satisfy different users’ needs. In the future, the community will also try WaykiChain token economy to encourage the community to prosper and become autonomous.
WaykiChain DApp V2.5 Is Revolutionizing the Prediction Industry.
WaykiChain DApp V2.5 enables a new feature that everyone can be a bookmaker. With the authoritative event data and services provided by WaykiChain DApp, user even without any technical or product background can build a bet in simply one-click. And at the end of the game, DApp will automatically call the smart contract to calculate the bet results and deliver payouts, without any manual participation.
Besides, WaykiChain DApp 2.5 has exempted the betting fee through the structure optimization and allows the player to participate in the betting directly after creating a new wallet without activation to ensure users outside of the cryptocurrency industry can be involved in the easiest manner.
It Was the Best of Times, It Was the Worst of Times.
WaykiChain CTO said, “Just as the real Internet giants emerged after the bubble disappeared, blockchain projects are currently going through this stage. We hope we are one of the a few to stand out to make these applications and create value for society. Because we need to understand not only the value of blockchain but also the value of application in blockchain.”
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