Wanchain is a distributed ledger that enables cross-chain transactions and interoperability between multiple chains. It functions both as a standalone blockchain and as a facilitator of transactions between blockchains. The protocol acts as a decentralized ledger that processes and maintains records of cross-chain transactions.

Wanchain not only enables transactions between different public blockchains but also between private chains. As an Ethereum (ETH) fork, Wanchain inherits some of the properties of the Ethereum blockchain. The protocol securely and autonomously executes applications through smart contracts. Use cases for Wanchain include decentralized exchanges (DEXs), lending and borrowing platforms, stablecoins, crowdfunding, multi-currency payments, and settlements.

The platform operates in a completely decentralized manner and does not require a custodian party to manage or confirm transactions. Unlike other cross-chain systems, Wanchain does not rely on a third-party platform for transaction authentication. The locked account mechanism is employed to secure and manage accounts on the network, eliminating third-party interference.

Wanchain was founded by Jack Lu in 2017 and has its headquarters in Beijing, China, and Austin, Texas.

Jack Lu, the founder and CEO, is an entrepreneur and technical expert with a keen interest in blockchain technology. Prior to Wanchain, he co-founded Factom in 2014 and served as its CTO. Lu has also founded Wanglutech, a blockchain protocol focused on data deposit certificates and digital assets.

Li Ni, the VP of Operations, is a computer scientist with over 15 years of experience in the technology industry. He also possesses expertise in marketing, business development, and sales. He has previously worked at ZTE, SuperMap Software, and Delta Electronics.

Weijia Zhang, the VP of Engineering, is an engineer and R&D expert with experience in software modeling, blockchain, and cognitive sciences. He held the position of principal software engineer at DELL for several years and has over twenty pending and granted technology patents.

Wanchain aims to create a broader market for digital assets by establishing connections between various standalone chains. The platform has developed a range of applications through smart contracts, security systems, and its native coin (WAN).

Unlike most cross-chain transactions that rely on third-party platforms, Wanchain stands out for its decentralization. The platform utilizes multi-party computing and threshold secret-sharing technology to autonomously manage accounts.

The platform encompasses three major cross-chain functionalities: the registration module, cross-chain transaction data transmission module, and transaction status query module. These components are involved throughout the connection process. Ripple (XRP) and ICON (ICX) are similar projects to Wanchain.

WAN, the native token of the platform, is utilized for payments and on-chain governance. The total number of tokens sold during the initial coin offering (ICO) was 107,100,000, valued at approximately 120,000 ETH at the time. The maximum supply of WAN is 210,000,000 tokens, with a circulating supply of 169,028,581 WAN as of March 2021.

39% of the total token supply has been allocated to the project founders, 51% to investors, and 10% to airdrops and rewards. WAN is used for transactions within the parent chain as well as across chains.

WAN is an Ethereum fork that utilizes proof-of-stake (PoS) consensus. During the initial coin offering, Wanchain issued ERC-20 WAN tokens to all participants. When the mainnet launched in 2018, the ERC-20 token was migrated to Wanchain's native chain.

The platform's validation nodes consist of Vouchers (verifying cross-chain transactions), Storemen (managing locked accounts), and Validators (performing regular verifications). Nodes are required to stake WAN in order to validate transactions on the network. Locked accounts are created using cryptographic encryption.

WAN tokens can be purchased on exchanges such as:

• Binance
• BYDFi
• Huobi Global

Validators can also earn WAN as a reward for validating transactions.

Read our comprehensive guide to learn more about buying Bitcoin (BTC) and other cryptocurrencies.

Wanchain is a distributed ledger that enables cross-chain transactions and interoperability between multiple chains. It functions as both a standalone blockchain and a platform for facilitating transactions across different blockchains, including private chains. Wanchain, which is an Ethereum fork, leverages smart contracts to securely process various applications, such as decentralized exchanges, lending platforms, stablecoins, crowdfunding, and multi-currency payments. The platform operates in a decentralized manner, eliminating the need for a custodian party and relying on a locked account mechanism for enhanced security.

Wanchain was founded in 2017 by Jack Lu, who serves as the CEO. Prior to Wanchain, Jack Lu co-founded and worked as the CTO of Factom in 2014. The team also includes Li Ni, the VP of Operations, who brings over 15 years of experience in computer science, marketing, and business development, and Weijia Zhang, the VP of Engineering, an experienced engineer with expertise in software modeling, blockchain, and cognitive sciences.

Wanchain distinguishes itself by establishing connections between different standalone chains, aiming to create a broader market for digital assets. Unlike many cross-chain platforms that rely on third-party intermediaries, Wanchain achieves decentralization through multi-party computing and threshold secret-sharing technology. The platform offers three major cross-chain functionalities: a registration module, a cross-chain transaction data transmission module, and a transaction status query module. Comparable projects to Wanchain include Ripple (XRP) and ICON (ICX).

Wanchain's native token, WAN, is utilized for payments and on-chain governance. During the initial coin offering (ICO), 107,100,000 tokens were sold, equivalent to approximately 120,000 ETH at that time. The maximum supply of WAN is 210,000,000, with a circulating supply of 169,028,581 as of March 2021. The token distribution allocates 39% to the founders, 51% to investors, and 10% to airdrops and rewards. WAN is used for transactions within the parent chain and across chains.

Wanchain is a fork of Ethereum and utilizes a proof-of-stake (PoS) consensus mechanism. The platform issued ERC-20 WAN tokens during the ICO, which were later adapted to Wanchain's native chain upon the mainnet launch in 2018. The network's validation nodes consist of Vouchers, responsible for verifying cross-chain transactions, Storemen, managing locked accounts, and Validators, performing regular verifications. Nodes must stake WAN to validate transactions, and the locked accounts employ cryptographic encryption.

WAN tokens can be purchased on various exchanges, including Binance, BYDFi, and Huobi Global. Validators can also earn WAN as a reward for validating transactions. For more information on buying Bitcoin (BTC) and other cryptocurrencies, refer to our comprehensive guide.