Wanchain addresses issues associated with transferring digital assets between blockchains. The asset transfer is achieved through a decentralized cross-chain mechanism and a universal cross-chain protocol. Based on the distributed blockchain concept without using a trusted third-party, Wanchain was designed using cutting-edge cryptographic theories that underlie its technology. In cross-chain trading, Wanchain's account locking mechanism and threshold key sharing technology support complete decentralization. This decentralization offers asset account management capability while eliminating the need for the involvement of a third party.
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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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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