WaykiChain Founder Wayki Sun Published an Article Proposing Energy-Based Stablecoin
- Written by Newsfile
Hong Kong, Hong Kong--(Newsfile Corp. - May 30, 2022) - Recently, Wayki Sun, the founder of WaykiChain, published an important paper titled, "Building a New Stablecoin which is energy-based" which for the first time proposed to build a new type of Energy-based Stablecoin (EBS) pegged to energy units as an internationally accepted currency and does not need to be converted into mainstream currency.
https://waykichainwicc-34783.medium.com/waykichain-founder-wayki-sun-building-a-new-stablecoin-pegged-to-energy-units-8aaa62cfb04b[1]
An energy stablecoin is an energy measure that anchors a stablecoin to 1 kilowatt-hour (KW·H). It integrates stable mechanisms such as on-chain mortgage, central credit and special algorithms, follows the law of energy conservation and conversion, and is the product of the fusion of the basic rules of the universe and the rules of computer programs.
Energy stablecoins no longer need to be priced in the legal currency of various countries, including application scenarios such as electric vehicle charging piles, mobile charging treasures, and life and industrial electricity consumption, instead electricity can be used to pay an equal amount of energy stablecoins.
It even breaks through the barriers of value exchange between the real and virtual worlds, providing a currency base for the Metaverse that will not depreciate. Even in the space age, interstellar residents can easily exchange value through future energy storage crystal cards.
It can also enter the Metaverse seamlessly to be used for value exchange between the real and virtual worlds without barriers and to provide the Metaverse with a non-depreciating currency base. Even in the space age, interstellar residents will be able to exchange value online and offline through storage crystal cards.
The proposal of the energy stablecoin breaks through the limitation of the "anchor" in the old international monetary system, and enables the digital stablecoin beyond sovereignty to have true application universality and value stability. The article listed some of EBS use cases and showed that in daily-life power consumption scenarios like electric vehicle charging stations, mobile power banks, and household and industrial electricity consumption, EBS eliminates the electricity price fluctuation problem.
The design mechanism of the proposed stablecoin differs from the existing ones: EBS integrates on-chain collateral, central credit, and specialized algorithms. A system solution from the perspective of macro operations along with the adjustment and stability mechanisms are offered.
It is concluded that EBS is the focus and manifestation of the universe's ultimate law of energy conservation and transformation. It is built on the energy system, has ultimately universal applications, and shows us that the historical development cannot be stopped.
Naturally, the process from proposal and proof of concept to final pilots, implementation, and global adoption of EBS will be long. However, we have a reason to believe that through long-term international research and feedback on stablecoins humans will accumulate the needed experience and optimize the EBS model according to the international needs. Ultimately, it will let the humanity share the economic prosperity driven by technology and the better life it has to offer.
ContactWaykichainName: Wayki SunEmail: marketing@waykichain.comTwitter: https://twitter.com/wayki_chainTelegram: https://t.me/WICCWorldCupOfficialWeb: https://www.waykichain.com/[2][3][4][5]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/124315[6]
References
- ^ https://waykichainwicc-34783.medium.com/waykichain-founder-wayki-sun-building-a-new-stablecoin-pegged-to-energy-units-8aaa62cfb04b (www.newsfilecorp.com)
- ^ marketing@waykichain.com (www.newsfilecorp.com)
- ^ https://twitter.com/wayki_chain (www.newsfilecorp.com)
- ^ https://t.me/WICCWorldCupOfficial (www.newsfilecorp.com)
- ^ https://www.waykichain.com/ (www.newsfilecorp.com)
- ^ https://www.newsfilecorp.com/release/124315 (www.newsfilecorp.com)