Review on Wanchain by Bünyamin Sevinç
Wanchain
In my post today, I will talk about another project, Wanchain.
As the name suggests, it is an interesting smart contract blockchain originating from Asia.
The main goal in this project is to facilitate cross-chain transfers from one blockchain to another.
Users will be able to spend cryptocurrencies on non-local blockchains without having to trade them on the exchange.
This platform uses a cross-chain communication protocol combined with smart contracts to transfer data between blockchains. This protocol has 3 functional modules. Registration module is the Interchain Transaction Data Transmission Module and the Transaction Status Query Module.
Wanchain uses Locked Account Creation Scheme to secure funds and keys.
It has a strong and experienced team. Most of them are graduates from well-known universities.
As a result, cross-chain transfers are rapidly becoming more important. Based on this, Wanchain is establishing key partnerships, creating the building blocks for widespread technology adoption.
Thank you to everyone who reads and those who do not.
Pros
- It enables it to exchange value between blockchains.
- High reliability with Locked Account Creation Scheme
- It offers a gateway for trading on multiple chains without coin trading on exchanges.
Cons
- Not for now.
