Wanchain (WAN)

101 Articles 6 Followers

Wanchain (WAN) is a blockchain platform founded in 2017 by Jack Lu and Dustin Byington, who are also the founders of projects Factom and Tendermint respectively. Wanchain is viewed by the team as a bridge in the currently disparate decentralized financial world.

The network makes use of a number of features to distinguish itself from other projects with a similar goal, these being cross-chain functionality and private transactions through the Ring Confidential Transactions technique. 

Calling itself the most advanced blockchain interoperability hub, the Wanchain team is working on connecting isolated public and private blockchains. The team has listed 4 major use cases for this concept: cross-chain decentralized exchanges, cross-chain mobile payments, connected enterprise blockchains and decentralized financial applications. 

Wanchain has established several partnerships to expedite the process of different chains working together. Partners include PundiX, MakerDAO, ICON and Aion, the latter two and Wanchain being members of the Blockchain Interoperability Alliance.

At the end of 2018, Wanchain published their agenda for 2019, which included a proof of concept for a Proof-of-Stake algorithm and alpha testing for it, upgrades to the wallet, more ERC20 token integrations, multi-asset wallets, the live launch of the PoS algorithm and the launch of Wanchain 4.0.

The team completed several of these objectives in 2019. Most recently, the team completed the switch to the PoS algorithm. The team also released mobile, desktop and offline wallets. As for Wanchain 4.0, it is expected by the end of the year. Also worth mentioning is the focus on ecosystem development, and the project has made much progress on that front, as a slew of releases on the official blog will attest to.


Wanchain: Liquidity on WanSwap Explained

8 Dec 2020 2 minute read 0 comments ZooKeeper

In this article, we will explain how liquidity works on WanSwap. Introduction to liquidity pools When you supply liquidity to a WanSwap liquidity pool, you receive WSLP tokens in proportion to how much liquidity you supply to the pool. When a trade...

How to Cross-chain Transfer Your BTC to wanBTC

8 Dec 2020 1 minute read 0 comments ZooKeeper

Here are the steps for converting BTC to wanBTC. The backward converstion steps from wanBTC to BTC are almost the same. 1. Send your BTC to WanWallet Desktop Open WanWallet Desktop, go to Wallet > BTC > @Bticoin, and copy your Bitcoin address. Send y...

Wanchain 5.0 Testing Bounty Results —Check to Confirm Your Reward BEFORE Dec. 20th!

5 Dec 2020 3 minute read 1 comment ZooKeeper

The Wanchain 5.0 testnet bounty program finished on November 10th after running for 1.5 months. We have compiled a list of bounty recipients below. Please check the list to confirm your bounty amount. If you believe there are any inaccuracies, make c...

Say Hello to wanTokens, the Newest Cross-chain Assets to Hit Ethereum

5 Dec 2020 2 minute read 0 comments ZooKeeper

Wanchain 5.0’s Storeman Node based cross-chain bridges bring decentralized, permissionless, and trustless BTC, EOS, and WAN to Ethereum   In my recent articles on Medium and discussions with our community members on Twitter and Telegram I have analyz...

Wanchain 5.0: What is the Storeman ‘Activity’ ?

3 Dec 2020 1 minute read 1 comment ZooKeeper

1. The goal of Storeman ‘activity’ is to prevent a node from being inactive for a long time and causing cross chain transaction to fail. So distribution of Storeman rewards is not directly related to the ‘activity’ of that node. 2. The activity disp...

How to Use WanSwap - Wanchain's Cross-chain DEX

1 Dec 2020 2 minute read 2 comments ZooKeeper

In this guide, we will explain how to use the WanSwap user interface. Getting started Before you get started you need to have the WanMask browser plugin installed and your wallet setup. Navigate to https://wanswap.finance/ to start and cli...

Wanchain 5.0: Browser Based WanBridge Makes Cross-chain Transactions Super Simple!

28 Nov 2020 3 minute read 0 comments ZooKeeper

What is WanBridge? WanBridge is the browser based interface for Wanchain cross-chain transactions between Wanchain and Ethereum. With WanBridge, you no longer need to download and install the WanChain desktop light wallet. Simply go to the WanBridge...

Wanchain's Wanswap DEX: 10 Things You Need to Know About the WASP Token

28 Nov 2020 1 minute read 0 comments ZooKeeper

1. WanSwap is the world’s first crosschain AMM Dex built on Wanchain 2. WanSwap is a 100% community driven project built with the passion and dedication of Wanchain community members 3. WanSwap draws heavily from the Uniswap codebase for the general...

Wanchain 5.0: “Partner-in” Now Supports Hardware Wallets for Both Storeman & POS Nodes!

22 Nov 2020 2 minute read 0 comments ZooKeeper

The “Partner-in” model allows for multiple node operators / addresses to jointly operate a node and receive delegations & rewards as a group 0. Preliminary Notes As a Storeman node operator, you should understand the following: Partner-in is n...

Wanchain 5.0: How to Add Storeman Stake Using “Partner-in”

17 Nov 2020 3 minute read 0 comments ZooKeeper

The “partner in” function allows multiple addresses to set up a node together. After the first person sets up their node with at least 10,000 WAN, anyone else may contribute stake to that node using the partner in function. Even though partnered in s...