Review on Wanchain by Mr Benji

Name: Wanchain
Item: Wanchain
Rating: 5

August 27, 2018

Cross-chain transfers are quickly becoming more important as Blockchains look…

Cross-chain transfers are quickly becoming more important as Blockchains look to collaborate with another in order to scale faster.
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Wanchain offers a gateway for Blockchains to communicate and coin holders to make transactions across multiple chains without the need to trade coins on exchanges.
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Much like API’s connected different social media platforms, enabling users to sign on to any website with their Facebook credentials, the real value for the blockchain space will be allowing users to seamlessly transfer value from one blockchain to the next without any significant effort.
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Based on this trajectory, I believe Wanchain is already ahead of the curve, and by partnering with other Blockchains focused on interoperability; they are creating the building blocks for the technology to reach mainstream adoption.
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Updated 5 years ago

Rating changed from 4 to 5

Wanchain experienced massive growth during the time after my review tons of things happened and I am positive for the future.
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- Beta testnet for WAN Staking
- Alpha testnet for Wanchain's Proof of Stake
- Crypto Wallet & Blockchain Services Provider BEPAL Set to Operate Wanchain Galaxy Node
- SNZ Holding Joined as a Wanchain Galaxy Consensus Validator
-  Integration with Morpheus Labs DApp Development Platform
- HashQuark  Joined Wanchain Galaxy Consensus
- Validators Online joined Wanchain Galaxy Consensus
- Keystore  with WAN Delegation Services
- MatPool to Offer WAN Delegation Services
- Blocks tech to Offer WAN Delegation Services
- Wetez to Provide Wanchain Proof of Stake Delegation Services
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Pros

Market leader for blockchain interoperability Enables users to exchange value between Blockchains, which opens to doors for more transaction to occur, and for the crypto space as a whole to grow significantly Maximizes security through the use of Locked Account Generation Scheme Supports all ERC20 and protocol tokens

Cons

Despite the really advanced technology and strong roadmap, Wanchain is facing serious competition from ICON and AION. CON ranked first based on market cap (#23 overall on the crypto market). Wanchain is second (#43 overall), and AION is third (#46 overall). These other Blockchains have established a network of partnerships globally, while Wanchain is still primarily dominant in China.