WIZth

What is WYZth?

WYZth Chain is a blockchain platform designed to address the growing demand for high-performance solutions capable of efficiently supporting a wide range of decentralized applications (dApps). By leveraging Ethereum-compatible EVM (Ethereum Virtual Machine) distributed ledger technology, WYZth Chain offers developers a familiar environment to build and deploy smart contracts and dApps, while introducing unique tokenomic features to incentivize network participants.

Wyzth

Key Features of WYZth Chain:

• Consensus Mechanism: WYZth Chain employs a Proof-of-Staked Authority (PoSA) consensus mechanism, combining elements of Proof-of-Stake (PoS) and Proof-of-Authority (PoA). This approach ensures security, scalability, and energy efficiency by selecting validators based on their token holdings and reputation. Read the Wyzth Whitepaper.

• Block Time and Rewards: The platform features a block time of approximately 12 seconds, enabling faster transaction confirmations. Validators are rewarded with 2 WYZ Coins for each successfully validated block, incentivizing active participation and network security.
• Tokenomics: WYZth Chain's native utility token, WYZ Coin, serves multiple functions within the ecosystem, including governance participation, staking, transaction fee payments, and ecosystem incentives. The platform launched with a premined supply of 50 million WYZ Coins, allocated for network development, ecosystem incentives, marketing, and partnerships.
• Scalability and Interoperability: WYZth Chain supports multiple side chains, allowing businesses to have dedicated side chains connected to the public checkpointing layer. This design facilitates horizontal throughput scalability while preserving decentralization. Additionally, WYZth Chain aims to integrate with multiple leading smart contract platforms and cryptocurrencies to provide a universal platform for users to exchange assets across various blockchains.

Overall, WYZth Chain strives to offer a high-throughput, secure, and sustainable ecosystem for developers and users alike, aiming to shape the future of decentralized applications and blockchain technology.