1. Intorduction

The pursuit of diversity in the blockchain ecosystem has continued in various ways since Bitcoin. In particular, the variety of blockchain-utilizing smart contracts, which has dramatically increased since Ethereum launched, has reached a stage where it can threaten traditional financial systems, moving away from Bitcoin’s original rarity and intensive mining. However, the limitations of transfer speed and rigidity limited by set rules are seen as limitations of blockchain-based financial systems. For these reasons, many blockchain service providers developing various services using blockchain are releasing different models that integrate existing database services with blockchain, breaking away from the formal restrictions of using blockchain alone.

In addition to pursuing the diversity of blockchain, blockchain development is progressing in various directions. The trading of digital assets represented by blockchain has mainly been conducted on Centralized Exchanges, which have a similar structure to traditional stock trading. However, since the launch of Uniswap, many people started to move to fully decentralized exchanges known as DEXs. There are indeed limitations to user growth due to difficulties in usability and other factors. Nonetheless, many people interested in the blockchain ecosystem do not doubt that DEX will be the future of digital asset trading.

As a result, the transaction of digital assets will increasingly rely on blockchain-based services, which means that digital assets will move closer to being more perfect cryptocurrencies. The term “cryptocurrency” itself did not come from the format or structure of blockchain. The “cryptocurrency” is derived from the ability to store digital assets in a so-called cryptocurrency wallet.

While this whitepaper will not express any political or policy views on cryptocurrencies, the WWR Foundation aims to build the WWR ecosystem based on the synergies that can arise from complementing and connecting digital assets with existing services. Therefore, it is essential to mention the fundamental composition of the blockchain ecosystem, which is stated above, to readers of this whitepaper.