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The Technology Behind Wakweli

With Wakweli, we are building a powerful and innovative technological foundation to ensure trust, transparency, and authenticity in the digital world. Here’s how it works:

  • A Scalable and Decentralized Blockchain Solution
    • Our project is powered by a robust smart contract engine deployed on Base, a cost-efficient EVM Layer-2 Blockchain.
    • This ensures scalability and efficiency, allowing for high performance without compromising Wakweli's commitment to decentralization.
  • Proof-of-Democracy (PoD) Consensus Algorithm
    • At the heart of Wakweli is the Proof-of-Democracy (PoD) consensus, a unique mechanism designed to ensure authenticity through community-driven validation.


Waku

How It Works

1. Certificate Requests

  • Any holder of $WAKU tokens can initiate a certificate request to verify the authenticity of a digital information ((e.g., social media profile, URL or news article)
  • To submit a request, users must stake $WAKU tokens - the more tokens staked, the higher the trust level of the certificate.

2. Validation by Certifiers

  • Certifiers, elected by the Wakweli community, review certificate requests.
  • They must also stake the same amount of $WAKU tokens as the requester, with 50% of the staked amount provided by their elector.
  • Certifiers analyze the information carefully and decide whether to validate or reject the certificate.

Once a certificate is generated, a Wakweli tick mark Tickmark will appear through the Wakweli Chrome Extension. A green tick mark Green Tickmark indicates a legitimate certificate, while a red tick mark Red Tickmark highlights a potential scam, helping users navigate the digital ecosystem with confidence.

You can download the Chrome Extension here: Wakweli on Chrome Web Store

3. Rewards for Certificate Generation

Once a certificate is generated (whether it’s validated or rejected), rewards in $WAKU tokens are distributed over time to everyone involved:

  • Electors (who elected the certifiers) receive 30% of the total staked amount.
  • Certifiers (who reviewed the certificate request) receive 70% of the total staked amount.

Note: 3% of each share is allocated to the Wakweli treasury.

4. Community Challenge for Equilibrium

  • Wakweli’s system uses the certificate’s reward pool as a bounty, motivating the community to quickly challenge any certificate they think might be inaccurate before the rewards are given out.
  • If a challenge is successful and a certificate is proven false, the rewards linked to the certificate are redirected to the parties who provided the correct verdict.
  • This creates a self-regulating system that encourages participants to always seek and uphold the truth.

What Makes Wakweli Unique

By combining a scalable blockchain framework, the Proof-of-Democracy (PoD) consensus, and a token-incentivized validation process, Wakweli ensures that authenticity is community-driven, fair, and decentralized. This innovative approach creates a balanced ecosystem where trust is rewarded, and dishonesty is penalized. Together, we are building a trusted and fraud-free digital world!