Wanchain (WAN)

Wanchain (WAN) -
Monereum

Wanchain is still in development and its roadmap extends until at least the end of 2019. Wanchain can be seen as a mix of Ethereum (smart contracts) and Monero (privacy) while p..

Basic Intro

Name (Ticker)
Wanchain (WAN)
Price (USD)
$0.430266081792
Rank
137
Active Supply
106.2 million
Total Supply
106.2 million
Volume (24H)
1.2 million
Marketcap
45.7 million
Fun Name
Monereum
Categories
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Website Links
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Pros

  • Best bits of multiple currencies
  • Private
  • Secure

Cons

  • Features not implemented yet
  • Possible regulations
  • No backing (asset, profits, commodity)

Review

Wanchain wants to become the “backbone of the new digital economy”. The Wanchain team aims to rebuild finance by connecting the world’s digital assets onto a single blockchain, while offering private cross-chain smart contracts.

  • A fork of Ethereum
  • Monero ring signatures
  • Cross-chain

Wanchain is a fork of Ethereum and has all the same functionalities that Ethereum has. This means the Wanchain blockchain can be used with respect to token issuance and can hence also be used as an ICO platform and will allow a user to create smart contracts in a similar way as can be done on the Ethereum blockchain.

Monero is a fork of Ethereum but also implements Monero’s ring signatures which makes this a secure, private, untraceable currency. Implementing ring signatures makes it impossible for outputs to be associated with the recipient’s public address. This is done by creating a one-time destination public key. Only the recipient can detect the designated output on the blockchain, so the privacy of the recipient is assured.

Wanchain is planning to support cross-chain transactions, which will allow for distributed cross-chain Dapps while removing centralized counterparty risk. For example, Wanchain is planning on supporting ERC20 and protocol tokens. Wanchain’s model for distributed financial infrastructure allows for assets to be exchanged across different blockchains. The native cryptocurrency named Wancoin will then serve as an intermediate currency for the exchanges.

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