Review on Wanchain by Pedro O. Alvino M.
Asset digitization
The world of cryptocurrencies is made up of thousands of digital assets and tokens; and many of them operate on their own blockchains. This prevents such assets from directly exchanging with each other, or from interacting in any way. Wanchain's goal is to solve this by allowing such currencies to be exchanged between blockchains, using the Wanchain network as a kind of intermediary software to facilitate transactions. By doing this, Wanchain aims to firmly establish itself at the center of the cryptocurrency ecosystem
Pros
- It is made up of a distributed financial network
- Novel smart contract system.
- Anonymous and cross-chain transaction capacity.
- Made up of a proof of participation algorithm.
- Good currency accessibility
Cons
- It still does not meet some expectations raised by the project.
- Asset digitization is already spreading in other projects, further expanding competitors in the market.
