First of all, a cordial greeting to the whole academic and scientific community of Hive, on the present opportunity on the WaykiChain breakthroughs, unveiled by Ms. Lu Vice President of WaykiChain at the 3rd Forum of the Information and Communication Industry Summit.
This May 14 at the WaykiChain platform's Digital Economy Talk, WaykiChain platform vice president Ms. Lu stated, "The essence of finance is to optimize resource allocation. This allocation will be greatly accelerated through fintech innovation, which will enable more members of society to join the macro production chain, which in turn will lead to better allocation of returns."
Likewise they expressed, that WaykiChain's development focus has shifted towards blockchain finance and decentralized trading. Which is intended to help reduce the cost of financial transactions, increase overall social efficiency, the lower the cost of financial transactions, the greater the number of beneficiaries.
Among the highlights of the conference, blockchain-assisted financial technology innovation was discussed, and Ms. Lu introduced a new concept currency proposed by WaykiChain founder Wayki Sun. It is called Energy Stablecoin.
For her part, Ms. Lu highlighted that, "The Energy Stablecoin concept came about due to several drawbacks in existing stablecoins. As blockchain technology develops, a more advanced anchoring mechanism will surely appear to bring stable value into the future."
It is worth noting that, the Energy Stablecoin is a new product backed by a special commodity needed and recognized globally, which is energy. Its pricing units are units of energy. It has three components, namely, on-chain collateral, central credit and a fixing algorithm, which has the ultimate goal of integrating the advantages of each stable fixing mechanism to offer a stablecoin of greater security and reliability.
References Consulted
- WICC WaykiChain - Whitepaper. Item available
Image Sources
