Wanchain is a distributed financial infrastructure that will allow the exchange of value or transactions of digital assets across different blockchains and provide a framework for financial applications based on digital currency and digital 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 Wanchain platform has many other use cases other than the transfer of cryptocurrency. It supports creation of apps, smart contracts, and privacy protection mechanism for transactions.
Wanchain is a fork from Ethereum and is its own independent blockchain. Its native currency is called Wancoin (WAN) and is not considered as ERC20-based token.