The compatibility era! Wanchain’s sixth Storeman Group selection set to begin!

This article was first published on Wanchain - Medium
-----

WAN means wide area network in English and “ten thousand” in Chinese. Fittingly, Wanchain’s mission is to drive blockchain adoption through interoperability by building fully decentralised bridges that connect the world’s many siloed blockchain networks.

These bridges — and the truly decentralised cross-chain transactions they empower — are made possible by Wanchain’s Storeman Group. Every cycle, the nodes comprising Wanchain’s Storeman Group are reselected. On April 30th, 2021, the sixth selection cycle will begin.

This is the first cycle since Wanchain successfully completed its “Jupiter” hard fork enabling full compatibility with Ethereum. The sixth Storeman Group adds a Binance Smart Chain — Wanchain bridge.

Details

Selection period:

April 30, 2021 07:00 AM (UTC) — May 7, 2021 04:00 AM (UTC)

Confirmation period:

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

Working period:

May 9, 2021 04:00 AM (UTC) — June 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
  • Binance Smart Chain-Wanchain bridge

How to create a Storeman node

The yield of running a Storeman node is generally 50% higher than becoming a delegator. There are two basic requirements to running a Storeman node:

  1. WAN tokens....

-----
To keep reading, please go to the original article at:
Wanchain - Medium

Comments (No)

Leave a Reply