Wanchain's main features include:
- Cross-chain smart contracts
- The ability to transact across blockchains
- Anonymous transactions
- It’s part of the Interoperability Alliance (WAN, ICX, AOIN)
Wanchain is a distributed financial network that aims to unite isolated digital assets (such as cryptocurrencies) with one another by using cross-chain smart contracts similar to those popularised by the Ethereum network. This enables tokens and assets to be traded between blockchains.
Wanchain's name is a play on words which reflects it's wider goals. In English, "WAN" stands for "Wide Area Network" a computing term that refers to connecting many computers over a vast area, similar to Wanchain's goal of connecting all blockchains together in a massive network. In Mandarin, "WAN" means 10,000 - interpreted as a reference to the project's goal of joining thousands of blockchains together.
This is our quick guide to just one way to buy WAN. Compare some other options in the table below.
|Icon||Symbol||Initial release date||Algorithm type||Max supply|
|WAN||23 March 2018||Proof-of-stake||210 million WAN|
Cryptocurrency is made up of thousands of digital assets and tokens, many with their own blockchains. This prevents them from being directly traded with one another or interacting in any way at all. Wanchain's vision is to solve this by allowing such coins to be traded between blockchains, using the Wanchain network as a sort of middleware to facilitate transactions. Wanchain aims to plant itself firmly at the centre of the cryptocurrency ecosystem by doing so.
The Wanchain network also boats privacy measures in particular ring signatures, which are used by the popular anonymity coin Monero. Simply put, ring signatures are associated with anonymity as they are able to hide an individual's actions within a group of users. Ring signatures allow a message (or a transaction) from a group to be sent, without identifying who in the group sent it. This level of anonymity is favourable for various industries and users that require transactions to stay confidential.
Wanchain posits that the future of the economy and finance will be digital and thus proclaims to be a company that can help “rebuild finance”. It plans to do this by digitising assets, making them transferable on a blockchain. Normally we only think of cryptocurrency when discussing digital assets, but Wanchain sees a future where everything, from old photographs to music, is digitised and stored on a blockchain.
WAN is available at the following exchanges:
Note that Binance does not accept fiat currency deposits such as AUD. Before transferring cryptocurrency to Binance, you will first need to acquire cryptocurrency at an exchange which accepts AUD deposits.
The Interoperability Alliance is an agreement and strategic partnership between three blockchain organisations, Wanchain (WAN), Aion (AION) and Icon (ICX). The Alliance's main goal is to collaborate on research, interchain transactions and communication in order to connect isolated blockchains with one another. It believes that isolation is a persistent problem in the blockchain industry that will hamper scalability and future adoption.
KWDEX is a proposed decentralised exchange that will allow users to trade their digital assets on-chain. This means that instead of sending coins to an exchange and having them hosted there under the protection of that exchange, users will be able to keep their coins and tokens in their wallets, which is expected to increase security and reduce susceptibility to hacking. Wanchain's involvement in the project also means that theoretically, an enormous variety of digital assets (as well as cryptocurrencies) will be available to trade on the exchange, potentially transforming the way cryptocurrency exchanges currently function.
After successfully rolling out its mainnet (Wanchain 1.0) in January 2018, Wanchain's roadmap shows that Wanchain 2.0 is expected by Q3 2018, which will include integration with the Ethereum network, as well as a multi-coin wallet. To learn more about the Wanchain network and the WAN coin before buying, consider checking out the Wanchain whitepaper.
At the time of writing the author holds ICX, AION, WAN, LINK, QASH, NEO, XMR.
finder.com.au is one of Australia's leading comparison websites. We compare from a wide set of major banks, insurers and product issuers.
finder.com.au has access to track details from the product issuers listed on our sites. Although we provide information on the products offered by a wide range of issuers, we don't cover every available product. You should consider whether the products featured on our site are appropriate for your needs and seek independent advice if you have any questions.
Products marked as 'Promoted' or "Advertisement" are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options and find the best option for you.
The identification of a group of products, as 'Top' or 'Best' is a reflection of user preferences based on current website data. On a regular basis, analytics drive the creation of a list of popular products. Where these products are grouped, they appear in no particular order.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment.
We try to take an open and transparent approach and provide a broad based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labelling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
Providing or obtaining an estimated insurance quote through us does not guarantee you can get the insurance. Acceptance by insurance companies is based on things like occupation, health and lifestyle. By providing you with the ability to apply for a credit card or loan we are not guaranteeing that your application will be approved. Your application for credit products is subject to the Provider's terms and conditions as well as their application and lending criteria.