What Is Wanchain.org? (WAN) Complete Guide Review About Wanchain.org

What Is Wanchain.org? (WAN) Complete Guide Review About Wanchain.org

What Is Wanchain.org?

Wanchain.org is a distributed ledger that allows for cross-chain transactions and the interoperability of multiple chains. Although the facilitates transactions between blockchains, it is also a stand-alone blockchain that runs autonomously. The protocol acts as a distributed ledger that processes and maintains records of cross-chain transactions.

Transactions on they do not only occur between different public blockchains but between private chains as well. As an Ethereum (ETH) fork, enjoys some of the properties of the Ethereum blockchain. The protocol securely and autonomously processes applications via smart contracts. The use cases for include decentralized exchanges (DEXs), lending and borrowing platforms, stable coins, crowdfunding, multi-currency payments and settlements.

The platform is totally decentralized and requires no custodian party to manage or confirm transactions. Unlike other cross-chain systems, they does not rely on a third-party platform to authenticate transactions. The locked account mechanism is used to secure and manage accounts on the network, eliminating third-party interferences.

Wanchain.org Storage Key Points

Coin BasicInformation
Coin NameWanchain.org
Short NameWAN
Circulating Supply169,028,581 WAN
Total Supply192,128,581
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

How Does It Work?

  • Funds lock on original blockchain. Account’s private keys managed by the nodes.
  • Issue proxy token on company.
  • Use proxy tokens in company ecosystem
  • Burn the proxy tokens & unlock original tokens

Features

Wallet

 The Wanchain coin Wallet is an all-encompassing solution for managing, sending, and receiving your the -supported digital assets such as WAN. The wallet also supports cross-blockchain functionality and PoS staking.

Secured

The fork of Ethereum and uses proof-of-stake (PoS). the issued ERC-20 WAN tokens to all ICO participants. When the magnet launched in 2018, the ERC-20 token was adapted to the native chain.

The platform’s validation nodes are divided into Vouchers (verify cross-chain transactions), Storemen (manage locked accounts) and Validators (perform regular verifications). Nodes need to stake WAN before they can validate transactions on the network. The locked accounts are created through cryptographic encryption.

Blockchain Technology

Wanchain.org blockchain technology is rapidly changing the world as we know it, but public and private blockchain networks are still operating in isolation. Open Finance must be connected. Open finance is enabling financial freedom, empowerment, and connectedness that they never experienced in history. they seek to accelerate this change through global connectivity.

Unique

Trying to create a broader market for digital assets by establishing connections between various standalone chains. The platform has been able to develop a series of applications via smart contracts, security systems and its own coin (WAN). Most cross-chain transactions are completed through third-party platforms. They are uniqueness lies in its decentralization. The platform employs multi-party computing and threshold secret-sharing technology to manage accounts autonomously.

Wanchain coin the platform has three major cross-chain functionalities. One of these functionalities is the registration module. It also possesses a cross-chain transaction data transmission module and a transac tion status query module. The three components are involved from the start to the end of a connection. Similar projects to the include Ripple (XRP) and ICON (ICX).

Vision

Vision is to create the ultimate decentralized banking solution. they are envision an open finance cross-chain world with all chains connected, all industries integrated and where they are offers a one-stop shop for all financial services. they aim to achieve this goal by building infrastructure to establish cross-chain integration with all major public and private blockchains.

Meetups

Wanchain.org recently launched the global abider program where they have already selected over 60 individuals globally to represent the brand across 6 continents and 28+ countries to get involved in the growth and success of the project. These ambassadors will be leading Meetups globally, but they also want to open up the Meetup initiative to any interested community members and Validator Nodes around the world.

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