What Is Wanchain?
Wanchain is an independent distributed ledger which was designed to provide communication between distinct blockchains, be they public or private. The platform also acts as a distributed bank system, where parties are able to create their own digital tokens and assets by building a market on top of the Wanchain infrastructure.
The platform does not feature only crypto transfer functionalities. Users are able to build a host of financial applications through the use of smart contracts, privacy protection protocols, and the native Wancoin (WAN) token in addition to other things.
How Does Wanchain Work?
Even though Wanchain resulted from an Ethereum fork, the project operates on a distinct blockchain, and its native token Wancoin (WAN) is not based on the ERC20 protocol. The platform is based on complex infrastructure comprised of many parts:
Wanchain implements the Proof of Stake (POS) consensus protocol to establish an agreement between network participants. As other blockchains developed on…