An introduction to Wanchain

This article was first published on Wanchain - Medium
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True DeFi is interoperable.

Please note: This article is meant as an introduction for newcomers and may be periodically updated as necessary.

What is Wanchain?

Wanchain is the world’s premiere decentralised blockchain interoperability solution. Our mission is to drive blockchain adoption through interoperability by building fully decentralised bridges that connect the world’s many siloed blockchain networks. This cross-chain infrastructure empowers developers to build truly decentralised cross-chain applications to power the future of DeFi.

Wanchain has been building its cross-chain infrastructure since 2017. In early 2021, it launched the world’s 1st decentralised BTC-ETH direct bridge. Wanchain also offers decentralised bridges connecting Bitcoin, Ethereum, Wanchain, EOSIO, Binance Smart Chain and XRP Ledger, with other chains such as Polkadot on the horizon.

What problem is Wanchain solving?

With the rapid rise of blockchain technology, there are now thousands of public and private blockchains deployed around the globe. However, these blockchains exist largely in isolation; unable to communicate or exchange information with one another. Wanchain is building decentralised bridges connecting these siloed blockchain networks to help blockchain reach its world-shaping potential.

How is Wanchain secured?

Wanchain’s PoS validator nodes reach consensus using a proprietary Proof of Stake consensus algorithm called Galaxy Consensus. Nodes need to stake WAN tokens before they can validate transactions on the network. For detailed information about the Galaxy Consensus, please read the whitepaper.

What blockchains does Wanchain support?

Wanchain has been building its cross-chain infrastructure since 2017. In early 2021, it launched the world’s 1st decentralised BTC-ETH direct bridge. Wanchain offers decentralised bridges connecting:

  • Bitcoin
  • Ethereum
  • Wanchain
  • ...

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Wanchain - Medium

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