Power up! Wanchain’s fifth Storeman Group expands to 25 nodes!

This article was first published on Wanchain - Medium
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Power up! Wanchain’s fifth Storeman Group expands to 25 nodes! Selection begins April 1st!

Wanchain’s numerous cross-chain integrations are all supported by Universal Multichain Bridges. These Universal Multichain Bridges, powered by unified decentralised collateral pools maintained by Wanchain’s Storeman Group, are the key to Wanchain’s industry-best blockchain interoperability solutions, such as the world’s 1st decentralised BTC-ETH direct bridge. Every cycle, the nodes comprising Wanchain’s Storeman Group are reselected. On April 1st, 2021, the fifth selection cycle will begin.

The fifth Storeman Group selection brings with it two major changes. First, the total number of nodes selected will increase from 21 to 25. Second, the number of signatures required to verify a transaction will increase from 15 to 17.

Details

Selection period:

April 1, 2021 04:00 AM (UTC) — April 7, 2021 04:00 AM (UTC)

Confirmation period:

April 7, 2021 04:00 AM (UTC) — April 9, 2021 02:00 AM (UTC)

Working period:

April 9, 2021 04:00 AM (UTC) — May 9, 2021 04:00 AM (UTC)

Maximum number of Storeman nodes:

25 (including 1x Wanchain Foundation node)

Minimum stake per Storeman node:

10,000 WAN (including “Partner-In”)

Selection criteria:

24 Storeman nodes with the largest stakes

Delegation Fee:

10%

Deposit Rate:

125%

Delegation Ratio:

1:5

Supported wanBridges:

  • Bitcoin-Ethereum direct bridge
  • Bitcoin-Wanchain bridge
  • Ethereum-Wanchain bridge
  • EOSIO-Wanchain bridge
  • XRP Ledger-Wanchain bridge
  • XRP Ledger-Ethereum bridge
  • Binance Smart Chain-Ethereum bridge

The fifth Storeman Group will be the first to maintain bridges between XRP Ledger and Wanchain, XRP Ledger and Ethereum, and Binance Smart Chain and Ethereum. Specific details about these new integrations will be shared in the coming weeks....

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Wanchain - Medium

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