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coin summary Wanchain (wan)


- Wanchain seeks to link the present to the future, through the exploration and implementation of blockchain technology.
- Wanchain aims to build a distributed “bank”.
- Just as traditional banks are the infrastructure of the current financial framework, Wanchain seeks to build a new, distributed infrastructure of digital assets to form an improved, modern framework an ambitious goal indeed.Wanchain connects and exchanges value between different blockchain ledgers in a distributed manner.
- It uses the latest cryptographic theories to build a nonproprietary crosschain protocol and a distributed ledger that records both crosschain and intrachain transactions.
- Any blockchain network, whether a public, private or consortium chain, can integrate with Wanchain to establish connections between different ledgers and perform low cost interledger asset transfers.
- The Wanchain ledger supports not only smart contracts, but also token exchange #privacy protection.With Wanchain, any institution or individual can set up their own virtual teller window in the “bank” and provide services such as loan origination, asset exchanges, credit payments and transaction settlements based on digital assets.
- Under the guarantee of “banks” based on the #blockchain-infrastructure , more people can participate in #financial-services based on digital assets.
- To describe it more accurately, Wanchain is a distributed superfinancial market based on blockchain.Wanchain uses the Locked Account Generation Scheme to secure funds and keys when there are multiple parties involved.
- Based on Shamir’s Secret Sharing Scheme, it effectively breaks up a key into shares and distributes it to all included participants.
- The Storemen are responsible for maintaining and managing the appropriate key shares of the locked accounts for transactions.
- This method of key share distribution has a few benefits.
- Because Wanchain generates locked accounts through multiparty computations, there’s increased decentralization.
- And there’s more stability because you don’t need every key share to produce a signature for a locked account.
- If some of the Validators are offline, transactions can still be executed with a minimum number of shares.
- Finally, any transaction with a locked account is done via the original chain.
- This means that any chain can easily integrate and interact with Wanchain without the need for new transaction types or validators.The Wanchain Foundation is a nonprofit organization primarily operating out of Singapore but also has a significant presence in Austin, TX.
- Wanchain was founded by Jack Lu, a respected player in the blockchain space.
- Before his current role, Lu cofounded Factom and started Wanglu Tech, a blockchain application development company.
- Wanglu Tech has been a primary contributor to the opensource Wanchain project.
- Dustin Byington serves as the Wanchain President.
- Byington is a blockchain veteran having founded Bitcoin College in 2014 as well as cofounding Tendermint, a software mechanism to securely and consistently replicate applications across machines.
- Byington also cofounded Satoshi Talent, a platform to connect blockchain entrepreneurs with developers.
- WAN tokens were initially distributed as ERC20 tokens to ICO participants, but it’s now possible to exchange these for tokens on the Wanchain mainnet or buy them directly.
- It’s a common misconception that WAN is an ERC20 coin.Wanchain is a pioneering and potentially disruptive project with its sights set on becoming a super financial market of the world.
- Although achieving its lofty goals is going to require a lot more work, Wanchain is further along its roadmap than some projects.
- But there’s still a good bit of “in theory” going on here.
- As Wanchain is addressing the whole financial market, it has a number of competitors.
- Most notably Fusion, Pantos, Ark, and Qash; some may even consider big players the likes of Ripple, Stellar and Ethereum competitors.
- On the positive side, Wanchain has strong fundamentals, they’ve got a functional mainnet, the vitality of their use case is indisputable, the huge interest in their ICO showed a powerful vein of investor confidence, and the team has a track record of success..

Summary of the coin Wanchain

Summary of the coin Wanchain


market value (Market Capital) Ranked 646

Current Price: 0.23 $USD (+4.27%)
highest price statistics: 9.84 $USD
total number of coins(Supply): 210,000,000.00 coin
circulated (Circulated): 197,641,567.17 coin
94.12%
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Wanchain


THB <-> WANWAN<->USDT WAN<->BTC

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