Wanchain profile
Wanchain Profile (WAN)
Rating: Good
Balanced Nano Cap
Project Safety Score

Thu, Mar 28, 2024 3:15 PM

Market Cap $40,170,403.6
Market Dominance 0.0034
24hr Volume $1,695,831.14
Price $0.2041
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Wanchain

coin

1stgen

Wanchain seeks to link the present to the future, through the exploration and implementation of blockchain technology. Wanchain aims to build a distributed “bank”. Just as traditional banks are the infrastructure of the current financial framework, Wanchain seeks to build a new, distributed infrastructure of digital assets to form an improved, modern framework - an ambitious goal indeed. Wanchain connects and exchanges value between different blockchain ledgers in a distributed manner. It uses the latest cryptographic theories to build a non-proprietary cross-chain protocol and a distributed ledger that records both cross-chain and intra-chain transactions. Any blockchain network, whether a public, private or consortium chain, can integrate with Wanchain to establish connections between different ledgers and perform low cost inter-ledger asset transfers. The Wanchain ledger supports not only smart contracts, but also token exchange privacy protection. With Wanchain, any institution or individual can set up their own virtual teller window in the “bank” and provide services such as loan origination, asset exchanges, credit payments and transaction settlements based on digital assets. Under the guarantee of “banks” based on the blockchain infrastructure, more people can participate in financial services based on digital assets. To describe it more accurately, Wanchain is a distributed super-financial market based on blockchain. Wanchain uses the Locked Account Generation Scheme to secure funds and keys when there are multiple parties involved. Based on Shamir’s Secret Sharing Scheme, it effectively breaks up a key into shares and distributes it to all included participants. The Storemen are responsible for maintaining and managing the appropriate key shares of the locked accounts for transactions. This method of key share distribution has a few benefits. Because Wanchain generates locked accounts through multi-party computations, there’s increased decentralization. And there’s more stability because you don’t need every key share to produce a signature for a locked account. If some of the Validators are offline, transactions can still be executed with a minimum number of shares. Finally, any transaction with a locked account is done via the original chain. This means that any chain can easily integrate and interact with Wanchain without the need for new transaction types or validators. The Wanchain Foundation is a non-profit organization primarily operating out of Singapore but also has a significant presence in Austin, TX. Wanchain was founded by Jack Lu, a respected player in the blockchain space. Before his current role, Lu co-founded Factom and started Wanglu Tech, a blockchain application development company. Wanglu Tech has been a primary contributor to the open-source Wanchain project. Dustin Byington serves as the Wanchain President. Byington is a blockchain veteran having founded Bitcoin College in 2014 as well as co-founding Tendermint, a software mechanism to securely and consistently replicate applications across machines. Byington also co-founded Satoshi Talent, a platform to connect blockchain entrepreneurs with developers. WAN tokens were initially distributed as ERC-20 tokens to ICO participants, but it’s now possible to exchange these for tokens on the Wanchain mainnet or buy them directly. It’s a common misconception that WAN is an ERC-20 coin. Wanchain is a pioneering and potentially disruptive project with its sights set on becoming a super financial market of the world. Although achieving its lofty goal(s) is going to require a lot more work, Wanchain is further along its roadmap than some projects. But there’s still a good bit of “in theory” going on here. As Wanchain is addressing the whole financial market, it has a number of competitors. Most notably Fusion, Pantos, Ark, and Qash; some may even consider big players the likes of Ripple, Stellar and Ethereum competitors. On the positive side, Wanchain has strong fundamentals, they’ve got a functional mainnet, the vitality of their use case is indisputable, the huge interest in their ICO showed a powerful vein of investor confidence, and the team has a track record of success.

Read more in the whitepaper:
  • Banking
  • Protocol
  • Marketplace
  • Privacy Coins
  • Cryptocurrency
  • Infrastructure
  • Interoperability
  • Blockchain Platform
  • Enterprise Solutions
  • Smart Contract Platform
  • Decentralized Finance (defi)
  • no technologies
  • Crosschain
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WAN
Community Ratings Wanchain WAN

5/5

(15 reviews)
Ratings and reviews left by our members do not impact the profile score.
HU

Hussain 2 years ago

Great Project, will go to the moon before end of 2021
0 0
 
BE

Bestlink 2 years ago

WANCHAIN is one of the best tech coin out there I think WANCHAIN will be the best blockchain technology coin for the future All I can say is don't delay do some research about WAN before it sky rockets
0 0
 
JU

jugalvaidya 2 years ago

Wanchain is one of the oldest project and have stron community as well as Development team behind them... It is the only one who has completely decentralized inter operable bridges to top 10 blockchains
0 0
 
MR

Mr.WANtastic 2 years ago

I have personally been using Wanchain and their Dapps for almost six months. Been viewing multiple interviews with the team behind Wanchain etc, so they are very transparent and open for everyone to see who they are and what they do. It's a great project and a coin that's far away from a scam. Wanchain has a track record of many years as they have been around since 2017. So everyone can enjoy all the use cases of this fantastic project without worrying about if it's a scam or not.
0 0
 
CR

CryptoJamm 2 years ago

Been following Wanchain since its ICO and during this time it has grown from strength to strength. During the last year they have released various products including a AMM DEX known as Wanswap and a dual farming NFT platform known as Zookeeper. Wanchain have integrated with various tokens such as BTC, ETH, XRP, EOS and LTC. They have also partnered with the largest utility company in the World- The State Grid Corporation of China.
0 0
 
IY

Iyiolapo 2 years ago

No, Wanchain isn't a scam but the True DeFi
0 0
 
MO

Mohammad Ramjan Ali 2 years ago

99% Crypto Garbage in the crypto world.. but Wanchain is most advanced & 100% Real Decentralized Crosschain DeFi Technology Project.
0 0
 
DE

DeFi Money 2 years ago

Wanchain IS NOT a scam. Project launched in 2017 and team has been building non-stop since then. Their initial vision is greatly being delivered with Wanchain 5.0 and bridges are constantly being built. The community is great, developers are top notch. Marketing can always use some work but this has been acknowledged. Soon Wanchain will connect all major blockchains and be the central hub for interoperable DeFi
0 0
 
CE

CelenaAnnie 2 years ago

Wanchain, the decentralised blockchain interoperability solution that connects the world's isolated blockchain networks, is the only decentralised finance (DeFi) project that enables truly decentralised cross-chain transactions between isolated heterogeneous blockchain networks. Wanchain's cross-chain infrastructure already supports Bitcoin, Ethereum, Wanchain, EOSIO, Binance Smart Chain and XRP Ledger. The addition of Litecoin reinforces Wanchain's position as the world's most advanced cross-chain solution.
0 0
 
KR

Kristiyan Georgiev 2 years ago

Wanchain is the best project I've ever seen!
0 0
 
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5/5

(15 reviews)
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Wanchain News

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    Fri, May 20, 2022 4:16 AM

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  • Wanchain (WAN) has a Bullish Sentiment Score, is Rising, and Outperforming the Crypto Market Thursday: What's Next?

    Fri, May 20, 2022 4:16 AM

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  • Polkadot, Moonbeam, Moonriver Now Connected by ...

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  • Wanchain Deploys New Integration With Moonbeam, Moonriver, Polkadot, and Wanchain

    Sat, May 7, 2022 4:33 AM

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