CONSOLIDATION OF A LARGE PROJECT//WAYKICHAIN AND CHOICE OF SUPER NODES

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Author: @madridbg, through Power Point 2010, using official images from the waykichain portal.

Greetings dear members of this prestigious platform, especially those who are part of the @leoFinance community on a daily basis. This publication serves as a mechanism to address some guidelines that have been working from the WAYKICHAIN project, which aim to further consolidate an avant-garde project with encouraging projections in the short term.

In this sense, we will be sharing, the mechanism of election of the super nodes behind this great proposal, so we will begin by explaining some technical generalities on the subject that concerns us.

By way of instructing the reader, it is appropriate to remember that a node, is nothing more than what many know as miners, the same are responsible for storing all the data, ie, functions as a terminal or computer, that is why, that the super-nodes work as a conglomerate that allows to form a decentralized world that today is known as blockchain, it is expected that these processes provide accounting services of all transactions that are made in the ledger, in exchange for a minimum interest rate for their work.

Fig. 2. The super nodes represent the conglomerate of nodes. Author: rebcenter-moscow

The rewards obtained by the super nodes, go according to some obligations of common interest to be developed from the network operation point of view, among which stand out:

1. Provide a suitable server and collect, verify and package transactions from the entire network.

2. Disseminate transaction information to all other nodes.

3. When a verification is completed it is the responsibility of the super-nodes to add the new block to their local blockchain, a process that ensures the stable operation of the system.

Now, from the development and implementation point of view, it is the responsibility of the super-nodes to use their capabilities to develop resources of commercial interest. In the case of WaykiChain, the development of WUSD as a decentralized stablecoin has been achieved, as well as the creation of a decentralized Wayki-CDP collateral lending system, the Wayki-DEX decentralized exchange, and the Wayki-X decentralized protocol for synthetic assets.

Fig. 3. Public choice of super nodes. Author: waykichain

On the other hand, the project has left the door open for new innovators, especially super-nodes, to develop mechanisms that will expand the WaykiChain ecosystem, with the development of new products that meet the needs of users.

With respect to the community, Super Nodes must effectively promote WaykiChain's values, ecosystem and development goals. Super Nodes are representatives of the WaykiChain community. They have to be able to organize and lead the community, continuously expand it, make it more active and healthy together with the WaykiChain team, and establish a strong global consensus.

Undoubtedly, it is of great contribution the working mechanism of the super-nodes, so it is of utmost importance to develop a proper choice of them and to be understood throughout the blockchain, such process will give greater breadth and allow to offer guarantees of greater security, stability and efficiency, likewise, it will allow the development of products with greater demand and commercial adoption, and generate the construction of a community with its own criteria and broad consensus.

In the case of WaykiChain, 21 Super Nodes have been established as a balanced solution between decentralization and performance based on the total supply and circulation of the WICC public chain asset. We will elaborate on the details of these variables in a later publication.

In this regard, if you found this information timely I invite you to leave your contribution in the comments section.

BIBLIOGRAPHY CONSULTED


[1] WICC WaykiChain White Paper Article: Online Access


OF INTEREST


The design of the portal was made by @madridbg, using public domain images

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