Wanchain - The Multipurpose Blockchain Platform

Ever since blockchain emerged in 2009, there have been numerous projects developed on different blockchains that solve different problems.

The blockchain mesmerizes the public because of its high-level of security, reliability, fast transactions and its decentralization.

However, one of the major issues faced by cryptocurrency investors and traders is the incompatibility between different digital currencies, tokens or blockchains. Traders have to use different exchanges to trade different cryptocurrencies or tokens, no single exchange that supports all coins or tokens.

image-credits: @podanrj

Wanchain

Wanchain is originally an Etherium network fork founded by Factom co-founder Jack Lu. It's innovative blockchain that aims to build a multitude of projects that solve different problems on its platform "Wanchain";

• Decentralized exchanges connecting all ERC20 digital assets and other blockchain coins or tokens in one location.
• Blockchain banking that will contain services offered by conventional banks (Lending, investment, settlements, and other financial services).
• Blockchain for initial coin offerings (ICOs).

Wanchain aims to bridge all cryptocurrencies together with the intention to make them tradable on its decentralized exchange platform.

Traders or investors will not have to go through the hassles of various exchanges such as registration, submitting of KYC on various exchanges in order to have access to trade different digital-currencies or tokens on their platforms. Futhermore, this does not mean that exchanges will be unused because Wanchain's decentralized exchange does not support all digital currencies at this stage but aims to allow seamless integration with almost any of the blockchains in existence in the future.

image-credits: @podanrj

Wanchain "Rebuilding Finance" are passionate about rebuilding finance by connecting the world's digital assets into a single blockchain. Wanchain is developing next-generation cross-chain blockchain architecture with privacy protection.

The proliferation of blockchain brings difficulties to blockchain projects abilities to talk to one another as more projects get developed with different codes/protocols on daily basis.

Amber Baldet, former JPMorgan blockchain program lead (and current CEO of Clovyr) expressed her feelings about the drastic increase in blockchain developments in April that;

"Each of these blockchains speaks a different language"

However, Wanchain has started to scratch off the doubt by becoming the first Interoperable blockchain and the first protocol to demonstrate the viability of cross-chain transactions.

Wanchain takes cross-chain as its core focus which led them to conduct a successful ICO in 2017. It raised 121,500 ETH worth $35 million at that time during its ERC-20 WAN token sale. Wanchain migrated to its own blockchain In January.

With the release of Wanchain 2.0, it's now possible to conduct an ICO on Wanchain that accepts both its WAN native token and Ether tokens. In fact, some ICOs have been conducted on Wanchain.
Each token can be accepted in the crowdsale, this improves the use case for potential buyers who do not have to bother with exchanging the token they have.

image-credits: @podanrj

Conclusion

Wanchain, the Beijing-l and Austin based company is the first Interoperable blockchain that aims to incorporate all blockchains on its platform with other projects in development (Blockchain banking, Decentralized exchanges, Blockchain for ICOs). Wanchain has successfully integrated a cross-chain in ether network which means you can send some ERC-20, Ether tokens to Wanchain back and forth, and it's planning to integrate Bitcoin by the end of this year. Wanchain team believes conventional banks will venture into the blockchain with their initiatives.