What is Wanchain?

Wanchain, founded by Jack Lu and supported by President Dustin Byington, is a blockchain project that aims to create a distributed financial infrastructure. It connects and enables value exchange across different blockchain ledgers using a non-proprietary cross-chain protocol. The technology facilitates low-cost inter-ledger asset transfers and supports smart contracts along with token exchange privacy protection. The Wanchain ledger allows both public and private blockchains to integrate seamlessly, promoting decentralization and stability in transactions.

The Wanchain Foundation, a non-profit based in Singapore, oversees the project's development. WAN tokens were initially released as ERC-20 tokens during an ICO, and can now be exchanged for tokens on the Wanchain mainnet. The project uses a Locked Account Generation Scheme to secure funds, enabling multiple parties to manage key shares for transactions. This method enhances transaction execution even with offline validators, positioning Wanchain as a significant player within the blockchain ecosystem.