Wanchain is a distributed ledger that allows for cross-chain transactions and the interoperability of multiple chains. Although Wanchain 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 Wanchain do not only occur between different public blockchains but between private chains as well. As an Ethereum (ETH) fork, Wanchain enjoys some of the properties of the Ethereum blockchain. The protocol securely and autonomously processes applications via smart contracts. The use cases for Wanchain include decentralized exchanges (DEXs), lending and borrowing platforms, stablecoins, 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, Wanchain 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 platform aims to offer following functions: - Become a distributed platform for the exchange of various digital currencies. - Carry out deposit and loan business for different digital currencies. - Conduct transactions of digital assets using digital currency as a medium. - Issue and trade brand new digital financial assets.
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$36 000 000
Wanchain is a technology platform that aims to enhance the usability of blockchain for financial applications. The company is launching cross-blockchain protocols that will allow for the creation of complex applications – like applications that are based on multiple blockchains. It’s a unique concept that could fuel the widespread adoption of blockchain technology across the financial sector.
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