Waykichain’s Technological Accumulation and Strategic Positioning in the Web3 Era: Shaping the New Possibilities of the Digital Economy

WaykiChain WICC
3 min readAug 11, 2023

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As the Web3 era approaches, the deep development and application of blockchain technology have gradually become the trend direction of the times. Against this backdrop, Waykichain, a public chain project focusing on the underlying core technology of the blockchain, has solidified its technological position in the blockchain field with innovative technology and continuous accumulation through three major upgrades, known as the “Dragon, Soar, Tiger” versions. These technological achievements not only consolidate Waykichain’s position in the blockchain field but also provide key support for the project’s strategic development in the Web3 era, demonstrating its essential role in shaping the future of the digital economy.

In the context of digital economic development, the speed and reliability of transactions have become critical factors in measuring the success of a project. By adopting the DPoS+pBFT consensus mechanism, Waykichain can quickly and accurately confirm transaction statuses. This feature is particularly vital in the Web3 era, as it not only facilitates the operation for application parties but also demonstrates obvious advantages in efficiently handling large-scale transactions, such as in exchanges.

The underlying public chain of Waykichain not only utilizes dual-engine smart contract technology with LuaVM and WASM VM but also offers developers flexible development options, laying the foundation for building robust ecosystem applications in the future. Smart contracts, as a key element in the digital economic ecosystem and decentralized applications, allow Waykichain’s Turing-complete virtual machine to provide great flexibility and scalability, aiming to attract more innovators to jointly advance the project.

Furthermore, Waykichain plans to promote heterogeneous decentralized atomic cross-chain technology with other public chains like Ethereum, eliminating single-chain limitations, thereby facilitating the interconnection within the blockchain ecosystem. In the Web3 era, cross-chain technology not only enables asset and data interchange but will also allow Waykichain to seamlessly integrate with other public chains, thereby expanding the application scenarios and user base of public chains.

Praiseworthy is Waykichain’s mature construction in the field of DeFi infrastructure, such as efficient decentralized trading platforms and stablecoin assets. Waykichain has the capacity to provide comprehensive DeFi services, enabling users to conveniently participate in financial activities, while ensuring transaction integrity and auditability. Decentralized oracles, on-chain exchanges, liquidation systems, and dual risk protection mechanisms collectively ensure stablecoin stability, providing solid support for Waykichain’s overall development and strategic positioning in the Web3 era.

Waykichain’s long-term technical achievements provide crucial support for its competitiveness and ecological development in the Web3 era. From consensus mechanisms to dual-engine smart contract technology, from heterogeneous decentralized atomic cross-chain technology to mature DeFi infrastructure, the strategic insight and practical strength demonstrated by Waykichain will play a vital role in shaping the future of the digital economy. As the Web3 era continues to evolve, Waykichain’s influence is expected to further expand, jointly shaping the new future of the digital economy.

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