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Wanchain (WAN) is the 448th largest cryptocurrency in the world by market cap, valued at $43,446,585. The current price of Wanchain is $0.2221, which is 0.771% higher than yesterday. Prices have ranged between $0.229593 and $0.212851 over the past 24 hours. All prices are listed in US dollars and accurate as of February 04, 2023 07:02 UTC.
In the ever-expanding world of cryptocurrency, the ability to trade tokens and other assets among separate blockchains may well be a key stepping stone on the path to widespread adoption. Wanchain is one of several crypto projects focused on facilitating interoperability between blockchains, and aims to use cross-chain smart contracts to allow for the efficient exchange of value from one blockchain to another.
Wanchain uses a proprietary cross-chain protocol and a distributed ledger that records cross-chain and intra-chain transactions. This allows any blockchain network to integrate with Wanchain and connect with different ledgers, resulting in low-cost inter-blockchain asset transfers.
The network’s overarching goal is to build a distributed "bank". Institutions and individuals can set up their own virtual teller window in the "bank" and provide services such as loan origination, asset exchanges, credit payments and transaction settlements based on digital assets. This is designed to allow more people to participate in financial services based on digital assets.
Wancoin (WAN) is the native coin of the Wanchain network and is needed to perform cross- and intra-chain transactions.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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