Wish Chain’s Two-Tiered Blockchain Structure

Imagine a world where Bitcoin or any other cryptocurrency is widely used as a medium of exchange. You go to the local convenience store to purchase a pack of gum, and the clerk scans the item, saying to you, “That’ll be 0.000159 BTC.” You swipe your Bitcoin card, and after 10 minutes of waiting, the transaction goes through. You take your gum and start chewing. The next day, you come back for more gum, and today, it is priced at 0.000177 BTC. Looks like prices have fluctuated. You wait 10 minutes and take your gum and leave.









Does this seem like an ideal payment system to you? I don’t think so. In order for cryptocurrencies to find a place in society, they must exhibit scalability and price stability. Wish Chain’s two-tiered blockchain structure is the solution to both problems.


Wish Chain’s Public and Private Blockchain Network
Proponents of decentralization demand public blockchain networks that are decentralized, but in order for adoption to occur, scalability and price stability are necessary. That is why Wish Chain adopts a two-tiered blockchain structure that consists of a public blockchain and a private blockchain. Wish Chain is taking advantage of both blockchains by incorporating them into our ecosystem.


Wish Chain’s Public Blockchain
Wish Chain’s public blockchain is a decentralized network in which anyone can participate as a node. There are no restrictions to participation, for whoever wants to join the network and compete for the rewards for block production is free to do so. The public blockchain has all the advantages of blockchain technology, including a distributed ledger system for safety, transparency, and privacy. The currency used in the public blockchain is Wish Coin, a cryptocurrency that fluctuates in price in accordance with the market’s supply and demand. Wish Coin will be further explained in future articles.









The public Wish Chain, trust private blockchain, and dApps


Wish Chain’s Private Blockchain
The public blockchain needs assistance in scalability and price stability, and this is where Wish Chain’s private blockchain enters the scene. A private blockchain can accomplish the following things:

1. It can scale, which is necessary for an ecosystem in which payments are frequently made.

2. It is operable at all times with little down time.

3. It is easily repaired if a problem arises.

4. It allows for price stability through a stablecoin.


Scalability makes it possible for transactions and payments to go through quickly, much like a credit card payment does, and the stablecoin assures users that the price of a pack of gum will remain the same tomorrow as it is today. This price stability instills confidence in merchants, buyers, and sellers and encourages them to be a part of Wish Chain’s ecosystem.


In this way, Wish Chain’s public and private blockchains will coexist to be a network that is open to anyone while simultaneously providing the scalability and stability for transactions that occur at Wish Chain’s Future Stations. While some may be critical of the private blockchain, the Wish Chain plans to go public with the private blockchain once Ethereum’s Plasma technology is ready for use. Until then, we will actively work to improve the network in any way we can. Thank you for reading.


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[For more information, please visit our website at http://wishcoin.io/ ]