Wanchain WAN Price

What is Wanchain (WAN)?

Launched in 2021 and built upon the Ethereum codebase, Wanchain stands as a testament to blockchain innovation, ushering in a new era of decentralized finance (DeFi) and cross-chain functionality. At its core, Wanchain is a decentralized blockchain platform focusing on interoperability, privacy, and smart contract execution. What sets Wanchain apart is its commitment to decentralization, evident through its permissionless and non-custodial bridge nodes that facilitate seamless connections between diverse blockchains. These bridges, including Two-Way, Direct, and NFT bridges, enable the movement of assets and non-fungible tokens (NFTs) across platforms without relying on centralized hubs or intermediary parties.

One of Wanchain's standout features is its compatibility with the Ethereum Virtual Machine (EVM), utilizing Solidity as its programming language. This compatibility streamlines the process for developers to create cross-chain applications and smart contracts on the platform. Security is paramount within Wanchain, employing Secure Multiparty Computation and Shamir’s Secret Sharing cryptography to fortify its network. Moreover, its consensus mechanism involves Proof-of-Stake (PoS) validator nodes and Storeman validator nodes, ensuring the validation and verification of cross-chain transactions.

The platform's diverse use cases span across various sectors, encompassing DeFi applications like decentralized exchanges such as WanSwap, NFT marketplaces like OPENZOO, and low-cost cross-chain solutions exemplified by Instant Cross. Wanchain's approach to cross-chain interoperability, privacy-focused transactions, and its commitment to decentralization sets a precedent in the blockchain space, distinguishing it from similar projects like Ripple (XRP) and ICON (ICX).

What is unique about Wanchain (WAN)?

Wanchain stands out due to its decentralized approach, using non-custodial bridge nodes to enable seamless cross-chain transactions while focusing on privacy, interoperability, and smart contract execution.

Who are the founders of Wanchain (WAN)?

Wanchain was co-founded by Jack Lu, who previously worked on Factom, and Weijia Zhang, with a team including blockchain and financial technology experts.

Who are the backers/investors of Wanchain (WAN)?

Wanchain received backing from various investors, including Fenbushi Capital, River Capital, and Amino Capital, among others.

What is the consensus mechanism of Wanchain (WAN)?

Wanchain utilizes a hybrid consensus mechanism involving Proof-of-Stake (PoS) validator nodes and Storeman validator nodes to validate and verify cross-chain transactions.

Where can I buy Wanchain (WAN)?

You can buy Wanchain (WAN) on Binance, HTX, KuCoin, BitrueCoinEx cryptocurrency exchanges.