Wanchain Wan Price USD

Wanchain is a distributed ledger that lets transactions happen between different chains and lets chains work together. Wanchain makes transactions between blockchains easier, but it is also a blockchain that can run on its own. The protocol works like a distributed ledger that processes and keeps track of transactions that happen between different chains.

On Wanchain, transactions happen not only between different public blockchains, but also between different private chains. Wanchain is a fork of the Ethereum (ETH) blockchain, so it has some of the same features as the Ethereum blockchain. Smart contracts let the protocol process applications safely and on its own. Wanchain can be used for decentralised exchanges (DEXs), platforms for lending and borrowing, stablecoins, crowdfunding, and payments and settlements in more than one currency.

The platform is completely decentralised, so it doesn't need a central authority to oversee or confirm transactions. Wanchain is different from other cross-chain systems because it doesn't use a third-party platform to verify transactions. The locked account mechanism is used to keep accounts on the network safe and manage them, so that no outsiders can mess with them.

Wanchain is trying to make a bigger market for digital assets by connecting chains that are not connected to each other. Through smart contracts, security systems, and its own coin, the platform has been able to build a number of apps (WAN).

Most transactions between chains are done on third-party platforms. Wanchain's uniqueness lies in its decentralisation. To manage accounts on its own, the platform uses multi-party computing and threshold secret-sharing technology.

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