LONDON, ENGLAND / ACCESSWIRE / March 1, 2022 / Lycan Chain is named after the Lycan species, which is famed for its speed, immutability, and immortality. The team that brought us to the decentralized Defi ecosystem is now introducing the Lycan Chain, a more advanced version of Blockchain.

At a time when blockchain has become an inevitable application for organizations with cost constraints and difficulty adapting and integrating, the Lycan Chain adds a lot of understanding and feasibility to reaping the benefits of blockchain. Lycan Chain has been modified to ensure EVM compatibility, interoperability, high throughput, and modularity. It, like its predecessor, Werewolf, employs its native currency, LYC, for transactions.

Customers gain the ability to participate in future initiatives by using LYC. Aside from the governance mechanism, each blockchain is staked on the LYC.

Lycan Chain is developing the first-of-its-kind referral system, termed 'Proof of Bite,' in which a person can only be a Beta or a Delegator if he is bitten by or recommended to by an Alpha who is a Validator. The circulating supply of the coin will be controlled by burning 1000 Lycan coins from Alpha's wallet after each bite. Lycan Chain also contains a novel architecture known as "mixed proof of stake," which has never been seen before.

Lycan Chain is especially useful in the gaming metaverse since it provides the consumer with an unsurpassed real-time user experience. It also serves as a bridge for quickly migrating existing Ethereum-based DApps. It also allows for cross-communication between blockchains.

Stakes, NFTs, and werewolf assets are among the Defi items available to the werewolf. The werewolf coin, WWC, will be transformed into the Lycan Chain, which will migrate to the Lycan Chain and play an important role in extending the blockchain ecosystem. This can fairly infer that with the expansion of the blockchain ecosystem, the migration to the Lycan Chain will result in a visible transformation with a multitude of solutions for every blockchain requirement.

Media Details
Name - Nipoon Agarwal
Email - nipoon.agarwal@chainsense.in
City and Country - London, England

SOURCE: Lycan Chain

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