Buy Wanchain (WAN)
What is Wanchain?
Wanchain is a decentralised blockchain interoperability solution that enables cross-chain transactions and smart contracts across multiple blockchain networks. It functions as a bridge, allowing communication and transactions between various blockchains, both public and private, without reliance on third-party platforms.
How does Wanchain work?
Wanchain works by leveraging various technical mechanisms to enable secure and efficient cross-chain transactions. It uses a Proof of Stake (PoS) consensus algorithm with advanced cryptographic techniques, such as Secure Multiparty Computation and Shamir's Secret Sharing, to ensure transaction integrity. Wanchain also supports smart contracts via Solidity, allowing for Ethereum Virtual Machine (EVM) compatibility. Its cross-chain functionalities are facilitated through different types of bridges like two-way, direct, and NFT bridges, employing mechanisms like "lock-mint-burn-unlock" for seamless asset transfers.
What are the potential use cases for Wanchain?
Wanchain has several potential use cases across different sectors:
- Decentralised Exchanges (DEXs): Facilitates cross-chain asset trading without intermediaries.
- Lending and Borrowing Platforms: Supports cross-chain lending services, enhancing liquidity.
- Stablecoin Issuance: Enables issuing stablecoins operable on multiple blockchains.
- Crowdfunding Platforms: Allows for cross-chain crowdfunding initiatives.
- Multi-Currency Payment Systems: Facilitates multi-currency payments and settlements across different blockchains.
What is the history of Wanchain?
Wanchain was founded in 2016 by Jack Lu and Dustin Byington. It was conceived to address the lack of interoperability in the blockchain space. In October 2017, Wanchain conducted a successful ICO, and its mainnet launched in January 2018. The project has seen significant developments, such as the release of Wanchain 2.0 in July 2018 with Ethereum interoperability. Wanchain continues to evolve with efforts to include more blockchains into its ecosystem, aiming toward greater decentralisation and enhanced financial market capabilities.
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Frequently Asked Questions (FAQs)
What is the current price of Wanchain (WAN)?
The Wanchain price is $0.38019882 AUD, representing a -4.31% from the day prior.
Where is the best place to buy Wanchain (WAN) in Australia?
The best place to buy Wanchain (WAN) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Wanchain (WAN) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Wanchain (WAN)?
The trading volume of Wanchain (WAN) is $1.6M AUD in the last 24hrs, representing a -4.31% from the day prior.
How can I buy Wanchain (WAN)?
Wanchain (WAN) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Wanchain (WAN)?
The current market cap of Wanchain (WAN) is $74.4M AUD.
Can I convert Wanchain (WAN) to cash?
Yes - With Coinstash you can convert your Wanchain (WAN) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Wanchain (WAN) are there?
The current circulating supply of Wanchain (WAN) is 198.5M.
Is Coinstash a safe place to buy Wanchain (WAN) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Wanchain (WAN) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.