Wanchain (WAN)

Wanchain (WAN) widget

ICO date: 01.10.2017 - 01.11.2017
Industry: Blockchain Infrastructure
Description:

Wanchain supports cross-chain transactions between mainstream public chains, between private chains, and between public and private chains.

Wanchain is an Ethereum-based generic ledger that runs applications, with account models and smart contracts that implement various Ethereum functions.

Features:

Wancoin is the native coin of Wanchain. Both cross- and intra-chain transactions consume a certain amount of Wancoin. Wancoin (Wanchain token) is also used in security deposits for the cross-chain verification nodes. Wanchain adopts the Proof of Stake (POS) consensus algorithm, the description of which can be found in a series of papers from Ethereum.

Wanchain allows for importing digital currency into Wanchain, launching private transactions on Wanchain and transferring digital currency back to the original chain. To some extent, the privacy protection of the original chain is achieved by masking the fund tracking paths.

A user transfers ETH from the Ethereum blockchain to the corresponding Wanchain smart contract address through a cross-chain transaction. The deposit on Wanchain releases a corresponding voucher (tokens on Wanchain that are similar to deposit bank receipts) to the user’s account on Wanchain.

Wanchain onset in 2018.

Technical details:

Wanchain will provide an infrastructure for cross-chain transfers between different blockchain networks. Wanchain will be a distributed ledger that: - achieves the interconnection and interoperability between different blockchain networks. - completes records of cross-chain transactions. - maintains cross-chain transaction details. Wanchain supports cross-chain transactions between mainstream public chains, between private chains, and between public and private chains

Website: wanchain.org
Basic review: Basic review
Whitepaper: Whitepaper

Rating Review and Analytics

Investment rating
NA
Hype score
Medium 2.7 / 5.0
Risk score
Low

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See also