What is Wanchain?

Modified on Sat, 18 Feb, 2023 at 6:28 PM

Wanchain is a distributed financial infrastructure that allows the exchange of value or transactions of digital assets across different blockchains and provides a framework for financial applications based on digital currencies and assets.

Similar to how individuals can transfer money from one bank to another, Wanchain aims to provide the ability to transfer one asset or cryptocurrency from one blockchain to another, hence, being coined as today’s “distributed bank” and “multi-currency wallet”.  However, it is important to note that the Wanchain platform has many other use cases other than the transfer of cryptocurrency. It supports the creation of apps, smart contracts, and a privacy protection mechanism for transactions.

Wanchain is a fork from Ethereum and is its own independent blockchain. Its native currency is Wancoin (WAN) which is not considered as an ERC20-based token.

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