What Is WaykiChain (WICC)?
WICC is the native token of WaykiChain, which is a public blockchain that focuses on providing developers with a DeFi infrastructure for the creation of decentralized applications (dApps). It differs from other blockchain platforms used for dApp development since it’s based on both – Ethereum and Bitcoin.
If you want to see the current WICC price, check out the WaykiChain price chart above.
The WaykiChain crypto project provides developers with two virtual machines for smart contract creation – LuaVM and WASM VM. The former is better for beginners, since it features an easy scripting language that provides them with hassle-free dApp development. The latter is a more advanced and efficient VM that has multiple programming languages, thus, it’s a better option for seasoned developers.
Besides, it’s important to note that WaykiChain employs the Delegated Proof-of-Stake (DPoS) consensus mechanism combined with the Practical Byzantine Fault Tolerance (pBFT) mechanism. Overall, the WaykiChain network has a total of 11 super nodes that are elected by WICC stakers. They produce new blocks every 3 seconds.
The Purpose of WICC Tokens
Initially, WaykiChain tokens were developed on the ERC-20 token standard. However, when the WaykiChain mainnet launched in 2018, WICC tokens migrated from ERC-20.
Overall, WICC tokens are used to engage with the whole network. They can also be traded for other tokens on various exchanges. Besides, the WaykiChain coins are especially important for the consensus of the network. In order to elect the aforementioned super nodes, users have to stake WICC tokens. By staking, they receive voting rights, as well as staking rewards.
Interested in buying WaykiChain tokens? Before making any purchasing decisions, don’t forget to check out the aforementioned WaykiChain price chart. It features both – the previous and the current WICC price.
