Cross-Chain Asset Transfer
Wanchain enables the transfer of data between Wanchain and other blockchains such as Bitcoin and Ethereum. Users will be able to transfer assets from blockchains to Wanchain, transfer assets from Wanchain back to the blockchains, and/or simply trade assets.
Transaction Privacy Protection
Wanchain can provide privacy protection for transfers and exchanges of digital assets for any users that wish to be anonymous. In order to do this, Wanchain uses ring signatures and one-time address generation. With this, the user’s signature as a sender is mixed with other fake accounts making it difficult to track. Moreover, each transaction will always have a new transaction address.
Functional Extensibility
Developers may develop applications on Wanchain within its standards. While Wanchain functions as cross-chain transactions among blockchains, it is also a blockchain that runs independently. Meaning, it contains tokens, supports smart contracts, and private transfers of smart contract token transactions. It envisions to function the same way an individual would use any other bank - make payments, borrow and lend money, digital asset exchanges, and investment. Wanchain uses cases ergo can be summarized in 3 scenarios:
- Cross-chain protocol and a distributed ledger
- Asset management tools
- ICO platform
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