WAN (WanChain) is an ERC-20 token developed on the Ethereum blockchain aimed towards building a new distributed financial infrastructure (decentralized bank). WanChain is an Ethereum based generic ledger which runs applications independently. WanChain works with the Proof of Stake consensus protocol. WanChain provides intra-chain transactions, cross-chain integration, and cross-chain transactions. Wancoin is the native coin of WanChain and during every transactions some amount of Wancoins isShow more [+] consumed.
WanChain was founded by Jack Lu, former co-founder of Factom. The team consists of 24 other members and a group of 12 advisors.
The purpose of Wanchain is to provide a fully decentralized interoperable transaction platform. Applications of WanChain include payments, settlements, borrowing and lending as well as investing and financing.
2023 has been a big year for Wanchain, as the team focuses heavily on development and connecting as many chains as possible. So far, Wanchain's bridges have connected 33 different blockchains making for a safe and secure environment for the seamless flow of cross-chain assets.
The ever expanding XFlows has also contributed to this seamless cross-chain infrastructure by enabling native-to-native cross-chain transformations, allowing users to move USDT, USDC, ETH and BTC across a variety of supported chains.