Blockchain technology has thrived and been in existence for approximately 10 years. There are numerous various blockchains that are being utilised globally. However these Blockchains are not in position to exchange value amongst themselves due to their existence in Isolation at a greater extent. This state has greatly hindered their potential impact on the world.

About Wanchain
This is a Singapore based non profit organisation which was created purposely to serve the Wanchain Open source Community. It has an obligation of gathering up working capital for the Wanchain community and availing support to organisations and persons participating in the promotion of Open Source projects.

About Jack Lu the Cofounder of Wanchain

Mr. Jack Lu is the cofounder and CTO, with a deep technical knowledge and years of experience in business leadership. He has received degrees from Peking University and Ohio State University. He has extensive business experience in China, the United States and Europe. In 2012, he entered the blockchain space and co-founded the world-renowned blockchain project Factom, which was introduced to the public by the Economist magazine's cover story "The Trust Machine". Factom technology successfully developed business in China and the Asia Pacific region, which expanded the global influence of Factom. He Founded Wanglu Tech in 2016, which is committed to promoting blockchain commercial applications in the data storage and supply chain finance businesses. Wanglu Tech has become one of the few domestic blockchain enterprises that has realized commercial success.according to Wanchain's Commercial Whitepaper

Wanchain's Vision

Wanchain is purposed to establish a Blockchain Infrastracture that can be utilised to enhance the connection and value exchange of the various block-chain networks in a decentralised frame work. This employs new mechanisms of Cryptography to resolve the limitations of the current inter-chain protocol. It is possible for any sort of blockchain network that is whether a public chain, consortium chain, alliance chain to get connected to Wanchain, inorder to finalise the interchain transaction of digital assets at a minimal cost. Wanchain is not only limited to being a mere cross chain protocol but it is also a distributed ledger that marks both the inter-chain transactions and the intra-chain transactions.

Wanchain entails three key fundamental objectives such as privacy protection, smart contracts and interoparability. Privacy protection and Smart contracts were accomplished earlier this year and Wanchain version 2 was launched recently with a main feature termed as "Interoperability," that involves cross-chain support.

Wanchain 2.0 is a very vital progress in the blockchain space, remarkably taking a huge step closer to the vision of the entirely interconnected worth of internet. Wanchain 2.0 allows cross chain operations with Ethereum. Wanchain will be launching a new Version 3.0 at the end of this year. This new incoming version will be enabling Bitcoin functionalities.

The Uniqueness of Wanchain that make it differ from other Blockchain projects.

Wanchain has been innovated in a time when numerous blockchain platfforms have been invented; such as Poloniex, Coincheck, Coinpayments, Digital Assets, Grayscale. Wanchain is a unique innovation that possesses its own native currency called Wancoin. It is capable of running independently on its blockchain network. Developers can establish various applications on Wanchain blockchain that meet their desires in consideration of the application situation. Wanchain is in the process of rebuilding the Financial system of the World.

In terms of development of the blockchain industry; Wanchain's sole purpose is to establish an internet of Blockchain so as to realise a remarkable qualitative transition from chains to internet.
Wanchain employs advanced cryptography courtesy of its highly knowledgeable cryptography research team that consistently keep contributing great ideas that are geared towards the improvement of the entire blockchain industry. Wanchain is therefore in position to convert the real world problems which the blockchain industry faces, for example through ensuring privacy protection.

The Milestone of the Project

In Jun 2016

Wanchain introduced Multi-chain division and Multi-chain layering strategies in the Factom project, which specifically resolved the single chain performance problem. This result was added by the consistent research done by Wanchain's professional team. Finally in June 2016, wanchain project framework commenced and the team began doing research and building up blockchain Cryptographic mechanisms.

In December 2016

There was a completion of the theoretical proof of token privacy protection which was founded on both one time addresses and ring Signatures.
The Proof of Concept(POC) together with the framework of the cross-chain transaction algorithm and Cryptographic Technology were later on finalized at the start of 2017.

In Jun 2017

Both the Wanchain Whitepaper and the technological one, were released and shown to the advisory team for proof reading and for them to provide collective responses to it, these were to give the project a go ahead, to release the project to the Public and proceed to the crowd funding level.

In October 2017

The Wanchain project officially began the Public ICO sales after doing extensive publicity for a while and making sure that the people interested in its ICO entirely discerned the Wanchain technicalities. The participants were capable of using their Ethereum ERC-20 Wallets to purchase the tokens directly. The Wanchain test net was also released.

In January 2018

Wanchain released the privacy protection version 1 and the Wanchain Wallet. These served a purpose of having more extensive promotions for Community development and allowing new applications for the Wanchain project. At the release of the Wanchain Wallet those holding the ICO tokens were able to download it and exchange them for Wancoin.

Wanchain's Future Cross-chain Development path

In 2018

Before the end of this year Wanchain will be enabling BTC cross-chain functionality in addition to the already enabled Ethereum.

In 2019

Wanchain will be encouraging more developers to utilise the Wanchain's Cross Chain algorithm to build up cross-chain usability of the tokens on other chains. Wanchain will as well be rewarding the developers for their great efforts in accelerating incorporation with public blockchains.
Upon the maturity and more stability of the Wanchain technology. Wanchain will be supporting more cryptocurrencies and digital assets in 2019.

Disclaimer

The information contained in this post is provided according to my research and findings. It should not be taken as financial advise. Cyptocurrencies and Blockchain related projects are a highly risky venture. Please always endeavour to make your own indepth research about the project before considering to invest.

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