Partnerships and team members

Wetez to Provide Wanchain Proof of Stake Delegation Services

Wetez is one of the most professional teams in the Proof of Stake field and is the largest Tezos baking node in the Chinese community. For institutions, we provide secure and efficient node management services, and for individual investors we provide convenient delegation services. Our full-feature mobile wallet for Android and IOS currently supports Cosmos, Tezos and Irisnet. Wetez services are offered through our mobile wallet specially designed for Proof of Stake. In addition to basic wallet features such as transactions and asset management, it includes delegations, rewards claiming, and other services.

On April 24th, Wanchain and Wetez reached a strategic partnership to offer Wanchain Proof of Stake based staking services. Both parties are committed to establishing a long term relationship and look forward to deeper cooperation on establishing and building up a strong and healthy staking ecosystem. Wetez will offer its users the chance to participate in Wanchain’s new Galaxy Consensus mechanism and earn rewards, and will work together with Wanchain to offer services such as delegation, cross-chain node services, governance, and PoS education.

Galaxy Consensus is the new, efficient, secure, and practical Proof of Stake consensus protocol proposed by Wanchain’s research team. It draws on the framework of Cardano’s provably safe Ouroboros consensus protocol, while also innovating with new features such as a more efficient and safe random number generation algorithm, and the new Unique Leader Selection algorithm which guarantees one unique valid block proposer and greatly reduces the possibility of natural forks. In accordance with Wanchain’s 2019 roadmap, Galaxy Consensus will go into public beta testing before the third quarter of this year, and it is expected that the main network will be officially migrated to the Galaxy Consensus in the fourth quarter. After launching on the mainnet Wetez will be among the first to offer Wanchain delegation services.

Wanchain is thrilled to form a strategic partnership with Wetez, one of the top PoS node operators in China. Wetez is currently a major Tezos validator, with millions of XTZ in combined stake and delegations. The Wetez wallet is the gateway to their proof of stake based services, and will gradually expand support for Tezos to other major PoS protocols such as Wanchain, Cosmos, Cardano, and others in order to offer their users a variety of options to participate in the blockchain ecosystem.