Wechain is currently offering Airdrop 1000 WCN to members who apply for KYC. The steps are as follows.
Wechain Networks is a global Decentralized Social Networks on the blockchain and smartcontract to help users control their sharing data.
How does WeChain Network Work?
WeChain Network dynamically splits the network of blockchain nodes into different subgroups, called shards, with each shard formed to process and reach consensus on a subset of transactions. This way, disjoint subsets of transactions can be processed in parallel, and significantly boost the transaction throughput by orders of magnitude. Eventually, such transactions are merged into a new block that is committed to the blockchain.
The primary challenge in realizing such network sharding is how to ensure the security of the protocol. The naive approach would suffer from much higher susceptibility to compromised blocks as the size of the consensus groups is smaller under network sharding. To address security implications from it, we invent a new protocol that achieves scalability with strong security guarantees
The gist of our network sharding key protocol is to leverage a proof-of-work (PoW) puzzle to elect and update a directory service committee in a decentralized and democratic manner. The directory service committee is tasked to coordinate the sharding process, as well as validate the blocks of transactions proposed by each shard and verify if they have received approval from a sufficiently large quorum within the shard.
Unlike several existing blockchain platforms (such as Ethereum and Bitcoin), WeChain Network does not employ PoW to achieve consensus. In fact, PoW is used only to prevent sybil attacks and perform sharding key. As a result, it can potentially be replaced by any other sybil resistance mechanism such as proof-of-stake (PoS). Our choice of PoW is motivated by the fact that its security guarantees have been well studied in the literature unlike PoS which is still under active research.
Name of token: WeChain
Network Symbol: WCN Token
Standard Decimals: 2
Token contract address: 0xafe8ba38ec668db1d30c805c40983839bf8b4278
Role of Token: Utility Token. Use for purchase goods and services on social media platform
Total supply: 10,000,000,000 WCN Available token for sale: 4,500,000,000 (45% of supply) Emission: All unsold and unallocated tokens will be destroyed, and additional release of tokens will not be possible
Period of Sale:
22nd July 2018 at 21:00 UTC to 23rd September 2018 at 21:00 UTC
Cost of 1 WCN: 01 ETH = 100,000WCN
Softcap/Minimum Goal: $5 million - Softcap goal reached
Hardcap/Maximum Goal: $25 million
Accepted currencies: Ethereum
For more information:
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1939693