WYZth

What is WYZth?

WYZth Chain is a **high‑performance, EVM‑compatible Layer‑1 blockchain** designed to support a wide range of decentralized applications with speed, security, and scalability. Operating on a Proof‑of‑Staked Authority (PoSA) consensus model—which merges Proof‑of‑Stake and Proof‑of‑Authority—WYZth selects a set of trusted, reputation‑based validators to produce blocks with minimal latency, lowered energy consumption, and strong security guarantees :contentReference[oaicite:1]{index=1}.

The network achieves approximately **10,000 transactions per second (TPS)** with a **block time of ~12 seconds**, enabling fast confirmations for enterprise-grade use cases like payment processing, gaming, or supply chain traceability :contentReference[oaicite:2]{index=2}. :contentReference[oaicite:3]{index=3} :contentReference[oaicite:4]{index=4}.

WYZth’s native token, **WYZ Coin**, serves multiple essential roles: gas payment for transactions, staking to secure the network, governance participation, and fueling ecosystem incentives. The chain launched with a **premined supply of 50 million WYZ**, allocated across network development, partnerships, and staking rewards :contentReference[oaicite:5]{index=5}.

The platform supports **multiple side‑chains**, allowing businesses to deploy dedicated chains connected to the public checkpoint layer—enabling horizontal scaling without compromising decentralization. Integrated cross‑chain tools and relayers facilitate interaction with other EVM‑compatible networks, helping organizations manage asset flows across ecosystems :contentReference[oaicite:6]{index=6}.

Developers familiar with Ethereum tooling—such as Hardhat, Truffle, or Remix—can seamlessly build and deploy smart contracts on WYZth’s `geth` fork without new learning curves. The built‑in JSON‑RPC, WebSocket, and IPC interfaces support smooth integration into enterprise workflows and tooling :contentReference[oaicite:7]{index=7}.

Despite limited visibility and low liquidity in public markets, WYZth remains focused on technical robustness, validator decentralization, and tooling support to become a backbone layer for enterprise and high‑throughput Web3 applications :contentReference[oaicite:8]{index=8}.

Integration with Cryptoworth

When integrated with Cryptoworth, WYZth Chain workflows are fully operationalized in financial contexts:

• **Block rewards** and staking income are tracked as periodic income events.
• **Gas usage** denominated in WYZ is assigned cost basis and reconciliation entries.
• **Cross‑chain asset movements** via side‑chains or relayers are categorized as transfers, preserving audit trails.
• **Validator participation metrics**—reward amounts, slashing events, validator rotations—are logged for reporting.

Cryptoworth transforms this raw data into a coherent subledger: assigning cost to gas, realizing staking income, and producing journal entries exportable into GL systems such as QuickBooks or NetSuite—making WYZth integration-ready for enterprise accounting and reporting.

Frequently Asked Questions

How fast and efficient is WYZth compared to Ethereum?

WYZth achieves **~10,000 TPS** with ~12‑second block times by leveraging PoSA consensus with a limited validator set, compared to Ethereum’s ~15 TPS. This makes it highly efficient for enterprise use cases such as real‑time payments, gaming economies, and supply chain activities. Cryptoworth ingests this high‑throughput data, assigning gas cost and network load to subledger entries for transparent operational accounting. Learn more on our Crypto Accounting Software page.

Can businesses track validator rewards and participation?

Yes—Cryptoworth captures all validator‑level events, including staking rewards, participation rates, and any slashing occurrences. Each reward payout is treated as income while staking and unstaking are tracked as balance changes. This enables finance teams to generate a complete audit trail and periodic validator performance reports. More details in our Crypto Audit pillar.

Does Cryptoworth support side‑chain and cross‑chain integrations?

Absolutely. WYZth’s side‑chain architecture with checkpointing is fully tracked: asset movements off and on side‑chains are labeled as inter‑chain transfers with gas usage, timestamping, and associated validator confirmations. Cryptoworth converts these events into journal entries ready for ERP or GL imports—underpinning our Accounts Receivable Automation Software solution.