Embracing Blockchain 3.0

Richard ChenWaykiChain CTO

2019-12-7

Bio Introduction

• WaykiChain Co-founder & CTO

• Served at Intel, Morgan Stanley & Alibaba & Several Startups before co-founding WaykiChain

• Received Intel Achievement Award, dubbed as Godfather of Intel Theft Deterrence Technology

• 4 US & Europe patents, 2 Chinese patents (being reviewed) in security, big data, communication systems and blockchain.

Blockchain Demystified

Myth-1: Cryptocurrency

• Cryptocurrency is Not Currency! It is an asset, stupid!

• Total amount capped!

• Highly unstable price!!

Bitcoin is not your money! Crypto Currency is Crypto Asset !

Myth-2: Decentralization is everything!

Most decentralizedLeast decentralized

PoWPublic Chain

Trust 51%(mining pool

centralization)

PoSPublicChain

Trust Coin

Stakers

DPoSPublic Chain

Trust Top-voted Delegates

Consortium

Chain

Trust DesignatedDelegates

Central System

Trust the

Central

Trust is the key to business!

Myth-3: Smart Contract Omnipotent!

Smart Contract Code

Transaction Invocation API

Core Modules(Tx Code)

Core Libraries & Common Resources

VM SandboxEnvironment

Core-team developed/accepted

code

External developerDeveloped & deployed

Unlimited limited

Legend

Blockchain Node SW Architecture

Smart Contract is not your silver bullet!

Myth-4: Blockchains are all the same!

IaaS

PaaS

SaaS

Blockchains differ in their scopes & purposes!

Vertical Chains(v3.0)

Massive Real-world Adoption

Horizontal Chains(v2.0)

Mainly DApp

Adoption

PrimitiveChains(v1.0)

Crypto InvestorsAdoption

Web3.0(UGV)

Myth-5: Crypto Tokens are the web3.0 asset!

Web2.0(UGC)

Crypto tokens & Stablecoins together are web3.0 assets!

(DID, Assets)

Myth-6: Blockchain 3.0 definition

Blockchain 3.0 = Blockchain 1.0 + 2.0 +

• Scalability

• Privacy

• Interoperability

Gaining mainstream adoption defines blockchain 3.0!

Blockchain Taxonomy

Blockchain Tech Stack

WaykiChain Technology to enable Blockchain 3.0

WaykiChain’s Blockchain Feature Roadmap

https://github.com/WaykiChain/WaykiChain

App (DeFi)Layer

WaykiChain v2.0 ReleaseNode Program Software

CDP

SettlementLayer

DEX (SaaS)

NA UIA

MPA XCA

BaseLayer

Consensus (DPoS + pBFT)

P2P

VM(Lua/WASM)

Persistence

WRC20

WaykiChain v2.0 Key Offerings

• UIA: You own your own tokens/assets!

• CDP/MPA: You own your own stable coins!

• SaaS DEX: You own your own asset trading & Exchange!

WaykiChain supports DeFi (loan/trading/…) inherently

TPS Comparison

Public Blockchain

CMC Ranking

Prigram Language

Consensus Algorithm

Officially Released TPS

Tested Avg.TPS

Tested Peak TPS

BTC 1 C++ PoW 3-6 　 　

Ethereum 2 C++ PoW 25 　 　

EOS 6 C++ DPoS 3000 2200 2400

TRON 11 Java DPoS 2000 441 694

NEO 17 C# dBFT 1000 62.3 73.6

Ontology 19 Go VBFT 3000 2800 3679

VeChain 24 Go PoA 10000 1000 1000

Qtum 30 C++ PoS 60-70 　 　

IOST 46 Go PoB 8000 854 1714

Bytom 56 Go AI-PoW 30-40 33 121

GXChain 75 C++ DPoS 5000 391 418

Nebulas 84 Go DPoS 2000 157 389

TureChain 98 Go fPoW + pBFT 8000 52 570

WaykiChain 99 C++ DPoS + pBFT 3300 3300 7800

WaykiChain TPS leads the pack!

WaykiChain Account/Balance Model

Acct#1

Asset#1

Free

Vote

CDP

DEX

Asset#2

Acct#2

DEX SaaS

ExchAPI

ExchMatch

WaykiChain

User

Place order

Submit Order

Tx

Exchange#0

UserUser

ExchAPI

UserUserUser

Exchange#1

Submit Settlement

Tx

Submit Order

Tx

Place order

ExchMatchExchMatch

ExchAPI

ExchAPI

Exchange#2 Exchange#3

Ex#1 Ex#2 Ex#3Ex#0

Submit Order

Tx

Submit Order

Tx

WaykiChain v3.0 - Dual VM

WaykiChain’s Three-layer Development Approach

WaykiChain Blockchain Technology

WaykiChain DApps

WaykiChainCore Team

CommunityDevelopers

WaykiChain Product Family

WaykiTimes CDP DEX

Plugin Wallet WaykiMix WaykiSDKs

Blockchain Explorer Official Site DevCenter

Thanks

2019 —> ∞

Future is Only Limited by Our Imagination!

Backup