# What is WeChain?

#### Addressing Repetitive Challenges with WeChain

While building multiple fintech solutions, including remittances, neobanks, and card services, we've encountered the same repetitive challenges:

* Constructing financial ledgers from scratch
* Ensuring data consistency across platforms
* Integrating with various payment providers in a unified, seamless manner
* Navigating bureaucratic hurdles for businesses interacting with our solutions
* Limited access for community members to contribute or influence development, or to assist with everyday tasks without formal employment
* The need for transparency with regulators, often requiring extensive, duplicative reporting

**WeChain as a Purpose-Built Infrastructure Solution:**

To overcome these challenges, we created WeChain not as just another L1 blockchain with a standard feature set, but as a specialized infrastructure tailored to support our vision of decentralized, community-driven fintech innovation. WeChain is designed to address these recurring pain points efficiently and effectively:

* **Built on Cosmos SDK:**\
  Utilizing the Cosmos SDK allows us to leverage a robust, flexible L1 SDK that provides the freedom to build and customize without being dependent on the uptime or technology constraints of proprietary chains. This flexibility is essential for developing solutions that meet our unique requirements.
* **Cosmos Architecture for Mission Alignment:**\
  The architecture of Cosmos, with its validators, nodes, and reward mechanisms, aligns perfectly with our mission. It supports a decentralized, scalable model where:
  * **Validators** are responsible for maintaining the network and ensuring the integrity and accuracy of the data they handle. This decentralized validation model enhances transparency and trust across the network.
  * **Nodes** act as on-chain employees, extending human capacity to handle repetitive and complex tasks. These nodes are rewarded based on their performance, driving efficiency and reliability in task execution.
* **Early Token Distribution and Rewards:**\
  WeChain incentivizes early adopters and loyal users through token distribution, ensuring that those who contribute to the ecosystem’s growth are fairly rewarded. This approach not only builds a dedicated user base but also aligns incentives across all participants, from developers to end-users.

It's not just another hyped L1, it's a solution that will carry all of our products into the Beyond banking future. Crypto is simply lacking good Tier 1 products which are not another Swap, Defi or perps trading platform.

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