Wanchain (WAN)

Last updated 19/08/2022

Official Website: https://www.wanchain.org/

What is Wanchain (WAN)?

Wanchain is a decentralized blockchain interoperability solution as well as a Layer 1 PoS blockchain with long-term viability. A complete Ethereum-like environment that supports widely used Ethereum tools, DAPPs, and protocols is the Wanchain Layer 1 PoS blockchain. Wanchain employs the Galaxy Consensus Proof of Stake consensus algorithm, which uses a number of cryptographic techniques, including as distributed secret sharing and threshold signatures, to enhance the random number generation and block production mechanisms. Galaxy Consensus is an extension of Cardano's Ouroboros, designed by top academics and researchers.

Wanchain bridges are direct, non-custodial, decentralized bridges that connect EVM and non-EVM networks without the need for centralized middlemen. To protect crosschain assets, these bridges use Secure Multiparty Computation (sMPC) with Shamir's Secret Sharing. Wanchain's wide area network of blockchains currently connects over 15 Layer 1 and Layer 2 networks.

What problem is Wanchain (WAN) solving?

While many of the blockchains of today are trying to innovate, others are just rehashing old mistakes. Each blockchain, or perhaps a group of blockchains, exists as a separate, isolated network that lacks a sense of connection to Web3 or the future. According to Wanchain, the goal of Web3 is to make peer-to-peer interactions the fundamental building block of a networked society. Furthermore, we think that the purpose of a networked society is to facilitate the unrestricted sharing of knowledge.

Therefore, the issue we're attempting to resolve is this:

How do we develop something that unites everyone and everything? The response? By developing a system that is both compatible and truly decentralized. a blockchain wide area network.

Team

The company's creator and CEO, Jack Lu, is a businessman and technological expert who is passionate about blockchain. In 2014, he served as the co-founder and CTO of Factom before joining Wanchain. Wanglutech, a blockchain technology centered on data deposit certificates and digital assets, was also founded by Lu.
The vice president of operations, Li Ni, is a computer scientist with more than 15 years of expertise in the tech sector. Additionally, he has sales, marketing, and company development skills. He formerly held positions with Delta Electronics, SuperMap Software, and ZTE.
The vice president of engineering, Weijia Zhang, is a software modeler, blockchain specialist, and expert in cognitive sciences. He spent a number of years as DELL's chief software engineer. Zhang holds more than twenty granted and pending tech patents.

Where to store Wanchain (WAN)

There are a wide variety of wallets that support Wanchain tokens.

WanWallet Desktop - all in one Desktop solution for managing mulptiple assets, nodes and applications
WanWallet Mobile - convenient multi-asset mobile wallet to manage your assets and applications on Android or iOS
Metamask - a leading browser wallet extension popular amongst DeFi platforms and highly praised by developers
Trust Wallet - a multi-currency mobile wallet that enables users to simultaneously store a variety of digital assets in one place

Leading hardware wallet providers such as Ledger and Trezor are integrated with Wanchain (WAN).

Where to Buy and Sell Wanchain (WAN)

You can Buy & Sell Wanchain (WAN) by heading over to the Buy Coins page of our website. Wanchain (WAN) is available on BC Bitcoin trading against major fiat currencies: GBP and EUR. Buying Wanchain (WAN) has never been easier, simply place your order and provide your wallet address. Once your payment arrives Wanchain (WAN) will be sent directly to your wallet.

If you choose to sell Wanchain (WAN) you can send us the coins and receive a payment to your bank account. Details and valuation can be found on the Sell Coins page.

Wanchain (WAN) Resources:

Website: https://www.wanchain.org/

Block Explorer: https://www.wanscan.org/

GitHub: https://github.com/wanchain

Whitepaper: https://www.wanchain.org/whitepaper

Twitter: https: //twitter.com/wanchain_org

Disclaimer: The information provided in this article is intended for informational purposes only. It is the readers responsibility to complete their own research and due diligence.