Review on Wanchain by Robiul Islam
Today there are hundreds of Blockchains operating in the crypto space, each…
Today there are hundreds of Blockchains operating in the crypto space, each possessing their own coins that grant users access to utilize the services provided within their respective ecosystems.
As the industry continues to grow, the next logical step in its evolution is to provide ways for users to exchange value between Blockchains. This is the problem that Wanchain aims to solve.
Wanchain is creating a platform for transferring digital assets between different Blockchains. Users will be able to spend their cryptocurrencies in non-native Blockchains without having to trade them on exchange. Wanchain’s own platform is an independent blockchain, which enables it to design a unique framework for transferring value between cryptocurrencies under one shared ledger
Pros
- The main objective of the project is to create a financial market of digital assets by facilitating cross-chain transfers from one blockchain to another. However, this seems to be the main objective of numerous projects today.
Cons
- Their tokens were initially ERC20, but they have since moved away from the Ethereum blockchain unto their own, and are now allowing users to convert their ERC20 tokens to WANs. WAN is currently priced at $0.97, but has been priced as high at $9.68 this year. This is mostly because of the major market rout that we have seen across cryptocurrencies since January.
