Wanchain (WAN)
| Type | INTEROPERABLE BLOCKCHAIN WITH SECURE MULTI-PARTY COMPUTING |
|---|---|
| Total supply | 210,000,000 WAN |
| Website | www.wanchain.org |
Basics
- Founded in:
- Mainnet release: It launched 1.0 of its platform in January 2018 and is now on its third iteration.
- Based in: Singapore
- Has a multi-asset Wallet, wants to do decentralized exchanges, cross chain dapps and other smart contracts.
- Wanchain enables interoperability between blockchains.
History
Audits & Exploits
- Bug bounty program can be found [insert here].
Bugs/Exploits
Governance
Admin Keys
DAO
Treasury
Token
Launch
Token allocation
Utility
Token Details
Stablecoin
Tech
- Whitepaper can be found [insert here].
- Code can be viewed [insert here].
- Programming language used:
Transaction Details
How it works
"This partnership marks the first instance of using decentralised liquidity pools to power cross-chain bridges. This approach differs fundamentally from the industry standard Lock-Mint-Burn-Unlock approach previously formalized by Wanchain."
Fees
Upgrades
Mining
Staking
Liquidity Mining
Scaling
Different Implementations
Interoperability
"Since Q3 2022, it has been working to connect Cardano to fully heterogeneous blockchains, such as Ethereum, Polkadot, and Bitcoin. In this way, Wanchain will serve as an EVM-compatible sidechain to Cardano. The Wanchain Foundation also recently announced that its bridge is now live on the Cardano preview testnet environment."
"Polygon and Wanchain are launching a decentralized L2 to L2 cross-chain bridge that connects Arbitrum and Polygon’s PoS chain."
Other Details
Oracle Method
Privacy Method
Compliance
Their Other Projects
Roadmap
- Can be found [Insert link here].
Usage
Projects that use or built on it
Competition
- Wanchain raised (26-8-2020) concerns about REN's decentralization and claimed they were hiding the fact that they were centralized. REN countered that the centralisation was indeed true, but had been communicated along the way multiple times and that it had a clear roadmap towards decentralising. Since both are fishing in the same cross-chain pond, Wanchain could have had bad motives for starting this.
Pros and Cons
Pros
Cons
Team, Funding, Partners, etc.
Team
- Full team can be found [here].
- Has many links to Factom.
- Jack Lu, founder; Graduated from Peking University and The Ohio State University. Blockchain entrepreneur and technical expert. Cofounded Factom in 2014. Founded Wanglutech, which brings Blockchain technology to a greater range of applications.
- Li Ni, Vice President of Business Development and Operations
- Marcos Cunha; Director of WanLabs Americas; Marcos is in charge Wanchain's exclusive accelerator for FinTech start-ups that are looking to grow their companies in the preeminent blockchain ecosystem. Before joining Wanchain, Marcos founded several companies in the tech space, led development teams in building technology for enterprise clients, worked on Wall Street at Goldman Sachs and at various other Fortune 100 companies. Marcos has an MBA from Indiana University, an Engineering degree from Purdue University and a Fellowship from Stanford on Scaling Companies. He recently served as an Entrepreneur in Residence at Capital Factory/Google/Code2040 and as a Google Developers Expert for Growth. Marcos is an advisor to various companies and a mentor at Google's Pioneer Accelerator and University of Texas Longhorn Startup Lab.
- Ying Zhang; Senior engineer, from Huawei and served as CAO and CTO of several companies. A senior developer of Ethereum.
- Michael Y. Entered into the blockchain space in 2012, specializing in Bitcoin related development. Core developer of Master Coin, Omni and Factom.
- David A. Johnston; Advisory Group. Also Chairman of the Board at Factom, Inc.
- Loi Luu, Advisory Group, CEO and CoFounder of Kyber Network
- Andre Cronje; worked on their front end for a year.
Partnerships
- Wanchain has partnered with Chainlink to access data from financial markets, IoT devices and more. In a blog post, Wanchain praised Chainlink’s safety, reliability and ease of use, adding that it will be “an integral component of the new digital, blockchain-based economy.” Announced: November 2018
- Has also partnered (23-9-2019) with Chainlink Competitor Band Protocol.
- FinNexus names it as a partner on its website (6-3-2021). Which is also partners with both before mentioned oracles, Wanchain's founder Jack Lu is also an advisor to FinNexus.
Funding
- Part of the portfolio of 8 Decimal Capital
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