what is Wienchain :
Wienchain is a public blockchain managed by Decentralized autonomous organization(DAO) with focus on incubating and bridging businesses to enter the new era digital age with implementation of blockchain-based technology and DApps (decentralized applications) with the help of
(i) Direct Send, instantaneous transactions; (ii)Wien Governance, the decentralized autonomous organization that will distribute block rewards
to proposal that will shape and decide the future development of Wienchain; (iii) WienApp, applications can be built and transacted on the WIEN
network ensuring that the application permanently exist on a IPFS network; (iv) WienAsset, a platform for asset issuance with options to include
metadata for the need of business logics; (v) Wien Incubation, by using stake in the form of Asset, the shareholder can be easily traceable from the
blockchain and automatically distribute the profit to the shareholder.
How it work :
Wienchain is approaching the concept of DAOs from a user-centric perspective.
Our major goal is to create value for people and align incentives for all stakeholders. We are looking at creating a
new form of organization that can provide new options, solutions and innovative answers to a variety of trends in modern
society such as the increasing numbers of digital jobs, liquid careers, global teamwork, project-based, self-determined office hours
or even career limitations based on your nationality.
Proof-of-Work (PoW) and Proof-of-Service (PoSe) are two
common validation method used in blockchain technology.
Leveraging on the pro of both validation method, Wienchain is utilizing both PoW and PoSe based validation method in a hybrid
fashion to increase security and sustainability in blockchain. Block rewards are given to both PoW Miners and PoSe owners through
the Wien Masternode Network (WMN).
Wien Masternode process :
Masternodes are formed by depositing 25,000 WIEN to a wallet which will lead to the activation of the nodes, thus allowing it to multiply all across the network. A secondary backup key is then generated for signing all further messages. This key will lock the wallet while working on a standalone condition.
By using the secondary backup key, a cold mode is available on two different machines. The primary “hot” client submits 25,000 WIEN with the secondary backup key into the message. When the “cold” detects a message and the secondary backup key, the Masternode is activated. This will then deactivate the “hot” client and the 25,000 WIEN in the Masternode stands zero chances of getting attacked after activation. In the beginning, a Masternode sends a “Masternode
Information” message across the network, stating:
a.) 25,000 WIEN Collateral
b.) Public IP Address
c.) Masternode Signature (secondary public key)
A network message will be sent every 15 minutes to prove that the node remains activated. Once the time-to-live gets out to date, the network eliminates the inactive node from the system, stopping clients from using nodes. Network can
also be pinged by the nodes, however if the ports are closed, it will be marked as inactive and not be compensated.
Wien Masternode Network Incentive Program:
The node must store a minimum of 25,000 WIEN for the Masternode to get started. Once activated, clients on the network will receive services from the nodes and get an incentive bonus. These payments for Masternodes are taken from the same block reward that are shared among the governance, PoW and the masternodes, with an estimate of 49% of total block reward being assigned to Wien Masternode Incentive Program. Masternodes’ incentive tends
to differ according to the current total activated Masternodes, mainly because the incentive program has a fixed amount of percentage whilst Masternodes network fluctuates.
Mining on wenchain:
Wienchain maintains the validity and security of its chain with a unique, hybrid consensus algorithm.
The consensus is created through a combination of both miners and Masternodes. This article provides an in-depth outlook of how mining on Wienchain works
(Article on Masternodes coming soon). Like on many blockchains, transactions on the Wienchain network are secured using a cryptographic method known as Proof of Work (PoW)
mining. In this process, powerful computer processors search for solutions to a mathematically difficult problem defined by the X16Rv2 hashing algorithm.
BLOCK REWARD AND SUPPLY OF WIENCHAIN :
Instead of constantly halving the reward given to the miners and masternode operators
like many other public blockchain protocol that creates an exponential decay in the block reward. Wienchain will be
introducing a 6% inflation reduction of block reward every 525,600 blocks estimated 1 year. The block reward will start at
280 WIEN per block after the first 100,000.
The coins allocated for Foundation, Incubation Lab and Blockchain Ecosystem Building will be mined in the first 100,000 blocks.
how many exchange wienchain have :
1.25 march in 2020 Wienchain listed in WenX exchange
2.3rd july Wienchain listed in Atomars Exchange
please stick around their social media for more information.
Wien Hash :
Wienchain develop Wienhash masternode platform,their anyone can setup their masternode.Wienhash community has set up a website that can conveniently help users to set up Masternode on Wienchain.
Now, the collateral 25,000 Wien is made in your own wallet.
3 easy steps to start your masternode
1.register a account in Wienhash.com
2.Select a Plan have 3 different criteria
*6 month only 150 USDT
*12 month only 300 USDT
*18 month only 450 USDT
3.Receive Payout Every Day
More channel Link to know and understand this project.
Wienchain: https://wienchain.com/
Explorer
Blockchain Explorer - https://explorer.wienchain.com
Wallet
Wienchain’s Local wallet: https://wallet.wienchain.com
Mining Pool (Pow)
US Pool: https://us-pool.wienchain.com
Europe Pool: https://eu-pool.wienchain.com
South East Asia Pool: https://sea-pool.wienchain.com
China Pool: https://cn-pool.wienchain.com
Mining Software (PoW)
Nvidia CUDA: https://github.com/trexminer/T-Rex/releases
CPU: https://github.com/tpruvot/cpuminer-multi
Rig Rental: https://www.miningrigrentals.com
Masternode Setup (PoSe)
Masternode Registration: https://github.com/wienchain/wienchain-core/blob/master/doc/masternode-registration.md
Vps Setup :https://wienchain.com/vps-setup-guide-for-wienchain-masternodes/
Social Media
Facebook: https://www.facebook.com/wienchain
Instagram: https://www.instagram.com/thewienchainproject
Twitter: https://twitter.com/wienchain
Telegram: https://t.me/wienchain
Linkedin: https://www.linkedin.com/company/wienchain
Topic: Wienchain Ecosytem (Read 218 times)
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