Wayvy Chain TestNet Coming Soon!
Wayvy Chain TestNet Coming Soon!
As quantum technologies continue to advance, supercomputers will soon possess unprecedented computational power capable of decrypting and solving any hash-based cryptographic algorithm or security layer currently built on the internet, including SHA-256, which underpins SSL, TLS, and Bitcoin. This development presents a significant threat to the three main issues currently faced by cryptocurrencies: scalability, security, and privacy.
Security is the primary motivation behind Wayvy's creation, and not just any security, but future-proof security. The internet's infrastructure is a collection of centralized data centers connected via IP addresses, lacking a perimeter, which leaves centralized servers protected only by their individual owners and their security layers. Conversely, blockchain technology utilizes cryptographic algorithms that add extra layers of security, making centralized infrastructure unnecessary.
Quantum computers pose a danger to nearly every encryption algorithm ever devised, as they possess sufficient power to break even 4,096-bit key pairs in a matter of hours. As a result, quantum-resistant cryptography is necessary to provide secure cryptographic functions and protocols, ensuring censorship resistance and preventing hostile and criminal operations. RSA, DSA, and ECDSA remain secure due to the computational difficulties of factorization of large integers, the discrete logarithm problem, and the elliptic-curve discrete logarithm problem.
The future-proof blockchain architecture v0.2.1
Fully-Enabled Customization
Most secure, private, and scalable ecosystem
The biggest, cheapest, and fastest DLT
Have you ever considered why companies like Google, Facebook, and WhatsApp offer free applications? Their business model is centered around data mining, collecting, tracing, storing, and sharing. However, this sharing is not direct; companies like Google share traces of data with third parties, generating continuous revenue through licensing. Businesses and marketing agencies use this data to generate leads, target advertisements, convert sales, and increase awareness.
Unfortunately, users are left empty-handed, with no piece of the revenue generated and no control over whom the data is shared with or which portion is shared. This decreases the privacy framework and makes it less favorable for users, with the sole benefit being access to the platforms for free.
Wayvy aims to shift data ownership and control back to its users, with minimal risk of personal identification and liability against network attacks. Users will restrict data collection from entities, utilize their data for personal gain, eliminate traceability, shift the responsibility and liability of data storage to them, and make it selectively and temporarily accessible to desired entities.
This approach makes businesses, governments, and end-users the full owners and controllers of their data, securing their digital identity, and making it more accessible based on user authority. Through a well-defined and holistic approach, user data becomes the center of this process, which is achieved through on-chain smart contracts, enabled by the nature of blockchain technology.
Wayvy is a highly customizable, leaderless blockchain infrastructure that integrates Layer 0, Layer 1, and Oracle-like technology to serve as a platform for decentralized applications and custom blockchain networks. Its primary objective is to outpace other layer-1 blockchains by providing the quickest (achieving >1M Transactions), most secure (Quantum-resistant by design), and most private (using Zero-Knowledge proofs) solution to the blockchain trilemma for current and future use cases. Any attribute can be added by default or chosen as an option, including increased or decreased security options through encryptions that lead to quantum-resistant layers, scalability possibilities that can be controlled based on transaction rates, and transaction traceability with both shielded and unshielded privacy choices.
Wayvy grants decentralized programs or users complete control over which functionalities to use based on their individual needs.
Proof-of-Wave (PoWa), a pioneering Post-Quantum Resistant and Leaderless Consensus Mechanism that resolves the current flaws in Proof-of-Work and Proof-of-Stake techniques that put network security, data transmission privacy, and ecosystem scalability at risk among participants, is being introduced by Wayvy. WayVM, Wayvy's Virtual Machine, is also being launched, a software platform that allows developers to construct decentralized applications (DApps) on the Wayvy ecosystem. All Wayvy accounts and smart contracts are stored on this virtual machine, which can be used as a Trusted or Trustless Bridge.
o Agreement Layer: Wayvy has established a highly secure manner of initiating and concluding transactions through the use of a Post Quantum Cryptographic method. We refer to it as the Quantum Secure Agreement Protocol (QSAP), which is the first DeFi platform to create and implement it. Our QSAP is used both within and outside the ecosystem. When someone initiates a transaction, the sender and recipient sign a QSAP, which is then transferred to the appropriate block by our network engine. Wayvy benefits greatly from this QSAP, which can be bridged and integrated into the ecosystem of FinTech startups or established firms, and even used as a one-click deployment feature by non-technical users. Our QSAP is developed from a one-way Post Quantum mathematical function with a 15.61 entropy.
o AI-NaaS Model: Wayvy's AI-NaaS model, or Network as a Service, is an ideal network monitoring system that serves as an inspector in the ecosystem. It oversees every created block, transaction, and node, and can be used both as a monitoring function for the entire ecosystem and as a permissioned and permissionless ledger authority. Wayvy AI-NaaS increases AML security and prevents unauthorized users from participating in the ecosystem. Additionally, this model can be outsourced and used outside of the network.
o Advanced Cryptography: Wayvy uses Post Quantum Cryptography to make the ecosystem safer and more scalable. Our cryptography model generates only primes and composites of primes based on a one-way mathematical function, without any additional seasonings like salt or pepper. The algorithm constantly produces prime and composite of prime numbers, making it more difficult for quantum computers to breach or attack our ecosystem. Wayvy's network customization uses this cryptography, along with an MPLS framework and post-quantum VPN design, to increase security while remaining user-friendly. The network enables bespoke capabilities for organizations and individuals to install their own security layers on top of their dApp, allowing them to increase their protection.
o Metaverse: Wayvy's metaverse is a virtual world where users can visit intriguing destinations, meet people, acquire pieces of art, start a business, work from home, play games, and sell real estate. Non-fungible tokens and cryptocurrencies are used to create an ecosystem for generating, holding, and monetizing decentralized digital assets. The blockchain-based metaverse allows access to any digital place without the intervention of a centralized entity. Wayvy's Blockchain is an important part of the Wayvy metaverse because it allows users to protect their digital assets in virtual reality by allowing them to move assets between platforms without requiring permission from a centralized authority using their Self-Identity Authentication, which stores all data about a specific user such as age, activity, appearance, and other characteristics in the blockchain.
o Non-Custodial Wallet Security: Wayvy is an education initiative and ecosystem that provides trustless on-chain post-quantum security through the Wayvy wallet and cross-chain interoperability with WQRW (Wayvy Quantum Resistant Wallet) on sufficiently scriptable and supported blockchains. The Wayvy wallet is completely on-chain and non-custodial on the supported blockchain, where users own their assets and does not necessitate the use of WQRW MainNet in any form (the movement, purchasing, or selling of any asset on WQRW). Wayvy is a solution for consumers to safeguard their assets on the blockchain while also learning about quantum computing's impending danger to the blockchain ecosystem.
o Web 3.0 Accessibility: With the exponential increase in user traffic, major blockchain networks have become slower and more expensive to maintain due to network congestion. Scaling issues may arise from storage limitations and network expenses, commonly known as gas fees, associated with bitcoin transactions. Unlike web 2.0 storage networks such as Amazon Web Services or Google Cloud, web 3.0 systems are decentralized, with data replicated across multiple locations, leading to scalability challenges. Wayvy has developed an ingenious solution to address this problem, utilizing a mechanism that divides the blockchain's processing load into smaller units. Instead of verifying all data on the network, nodes will only validate data on specified segments, reducing the workload of individual nodes and easing network congestion. Our architecture boosts scalability by increasing TPS processing.
o Internet-of-Things (IoT): The Internet of Things (IoT) has garnered widespread attention around the globe in recent years. By leveraging a network of "smart," sensor-equipped devices that can communicate and collaborate with one another via the Internet, the IoT has the potential to revolutionize various facets of our lives, from conducting business and delivering healthcare to managing public resources. This transformative technology, however, presents a multitude of challenges, ranging from regulatory and market issues to security concerns. As the IoT expands into Industry 4.0, smart buildings, and automobiles, security will become an increasingly pressing concern. While traditional networks previously consisted of 50,000 to 500,000 endpoints, the introduction of IoT devices has resulted in tens of millions of endpoints, including numerous outdated and insecure devices.
Copyright © 2021-2024 Wayvy - All Rights Reserved.