WaykiChain and its emerging technology "Part 2". by dgalan

View this thread on steempeak.com
· @dgalan · (edited)
$5.06
WaykiChain and its emerging technology "Part 2".
<div class="text-justify"><strong>Written by:</strong>Diomer Antonio Galán Rincón.</div>
<div class="text-justify"><strong>Bachelor's Degree.</strong>Public Accounting / <strong>MSc.</strong>Science of Higher Education.</div>
<p></p>
<center><img src="https://i.postimg.cc/D0qtBn4w/Tecnolog-a-Wayki-Chain-docx.jpg"/></center>
<center> Author:<a href="/@dgalan">@dgalan</a>, through Power Point 2010, using official images from the waykichain portal.</a></center>
<p></p>
<div class="text-justify"> 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.</div>
<p></p>
<center><h2>¿What technology does WaykiChain have? </h2></center>
<p></p>
<h3>1.- StableCoin Technology:</h3>
<p></p>
<div class="text-justify"> 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.</div>
<p></p>
<div class="text-justify"> 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.</div>
<p></p>
<div class="text-justify"> 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.</div>
<p></p>
<center><img src="https://cdn.pixabay.com/photo/2017/07/02/09/10/stock-2463798_960_720.jpg"/></center>
<p></p>
<center>Image taken from:<a href="https://pixabay.com/es/photos/bolsa-comercio-financieros-2463798/"rel="noopener" title="This link will take you away from steemit.com">Pixabay</a></center>
<p></p>
<h3>2.- Decentralized Exchange (DEX):</h3>
<p></p>
<div class="text-justify"> 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.</div>
<p></p>
<div class="text-justify"> 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.</div>
<p></p>

<center><img src="https://cdn.pixabay.com/photo/2020/10/20/03/52/businessman-5669431_960_720.jpg"/></center>
<p></p>
<center>Image taken from:<a href="https://pixabay.com/es/illustrations/empresario-gr%C3%A1ficos-tendencia-5669431/"rel="noopener" title="This link will take you away from steemit.com">Pixabay</a></center>
<p></p>
<h3>3.- Asset Issuance Standard:</h3>
<p></p>
<div class="text-justify"> 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.</div>
<p></p>
<div class="text-justify"> It is of utmost importance to know that WaykiChain supports five types of assets.</div>
<div class="text-justify"> -Underlying assets
-Collateral assets
-User-issued assets
-Cross-chain mapping assets. 
-Smart assets.</div>
<p></p>
<div class="text-justify"> 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.</div>
<p></p>
<h3>4.- Governance systems:</h3>
<p></p>
<div class="text-justify"> With the introduction of stablecoin technology within WaykiChain, WaykiChain needs a governance token for two purposes as they ar:</div>
<p></p>
<div class="text-justify"> A) That it serves as a balance to continuously earn interest incurred and accrued through stablecoin activities (collateralization, redemption and settlement).</div>
<p></p>
<div class="text-justify"> B) It allows to offer value to liquidate those PDCs that are under-collateralized through the system's real-time inflation process.</div>
<p></p>
<div class="text-justify"> In my next posts we will be covering more about WaykiChain's technology.</div>
<p></p>
<div class="text-justify">I hope you like my article and I would appreciate all your comments.</div>
<p></p>
<center><h3>bibliography consulted:</h3></center>
<p></p>
<div class="text-justify"><strong>[1]</strong> WICC WaykiChain White Paper<a href="https://www.waykichain.com/Whitepaper-en.pdf" rel="noopener" title="This link will take you away from steemit.com"> Article: Online Access </a></div>
<p></p>
<center><img src="https://i.imgur.com/PWRlilq.png"/></center>
<p></p>
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 205 others
properties (23)
post_id90,670,259
authordgalan
permlinkwaykichain-and-its-emerging-technology-part-2
categoryhive-175254
json_metadata{"tags":["colmena","leofinance","waykichain","crypto","finance","blockchain","supernodos"],"image":["https:\/\/i.postimg.cc\/D0qtBn4w\/Tecnolog-a-Wayki-Chain-docx.jpg","https:\/\/cdn.pixabay.com\/photo\/2017\/07\/02\/09\/10\/stock-2463798_960_720.jpg","https:\/\/cdn.pixabay.com\/photo\/2020\/10\/20\/03\/52\/businessman-5669431_960_720.jpg","https:\/\/i.imgur.com\/PWRlilq.png"],"links":["\/@dgalan","https:\/\/pixabay.com\/es\/photos\/bolsa-comercio-financieros-2463798\/","https:\/\/pixabay.com\/es\/illustrations\/empresario-gr%C3%A1ficos-tendencia-5669431\/","https:\/\/www.waykichain.com\/Whitepaper-en.pdf"],"app":"steemit\/0.2","format":"markdown"}
created2021-04-24 02:39:51
last_update2021-04-25 14:08:18
depth0
children2
net_rshares5,330,765,007,301
last_payout2021-05-01 02:39:51
cashout_time1969-12-31 23:59:59
total_payout_value1.710 SBD
curator_payout_value3.348 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length5,618
author_reputation82,540,418,526,802
root_title"WaykiChain and its emerging technology "Part 2"."
beneficiaries
0.
accountph-fund
weight5,000
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (269)
@tocho2 ·
Hello @dgalan, I would particularly like to see in your next post also a broad detail about what a governance system is, this is not a very clear idea yet.

See you.
👍  
properties (23)
post_id90,671,380
authortocho2
permlinkqs1v8h
categoryhive-175254
json_metadata{"users":["dgalan"],"app":"steemit\/0.2"}
created2021-04-24 04:02:51
last_update2021-04-24 04:02:51
depth1
children1
net_rshares4,108,578,004
last_payout2021-05-01 04:02:51
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length165
author_reputation632,573,670,086,700
root_title"WaykiChain and its emerging technology "Part 2"."
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (1)
@dgalan ·
greetings @ tocho2, in the next publications I hope to expand much more about WayKiChain's technology and deepen a little more about the governance system.

Thank you very much for your comment and for reading my publications.
properties (22)
post_id90,691,456
authordgalan
permlinkqs3hhx
categoryhive-175254
json_metadata{"app":"steemit\/0.2"}
created2021-04-25 01:01:09
last_update2021-04-25 01:01:09
depth2
children0
net_rshares0
last_payout2021-05-02 01:01:09
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length226
author_reputation82,540,418,526,802
root_title"WaykiChain and its emerging technology "Part 2"."
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000