Wanchain · About

Wanchain is a decentralized blockchain platform that supports smart contracts written in Solidity. It features a unique architecture that facilitates cross-chain interoperability through the use of bridges. Launched in 2021 after years of development since 2017, Wanchain offers a decentralized BTC-ETH direct bridge and has expanded its cross-chain capabilities to include multiple other blockchains. The platform also supports privacy-focused transactions using ring signatures. Its native token is WAN.

A key aspect of Wanchain is its network of bridges, which come in two main types: Two-Way Cross-chain Bridges and Direct Bridges. Two-Way Bridges enable the transfer of native assets between blockchains without converting them, allowing assets to move back and forth seamlessly—these transactions can be conducted via the Wanwallet. Direct Bridges allow for direct asset transfer between two specific blockchains without routing through Wanchain, supporting transfers between platforms like Bitcoin, Ethereum, Polkadot, and EOS.

Wanchain also provides NFT bridges, employing a lock-mint-burn-unlock process—NFTs are locked on the source chain and then minted on the target chain. The network’s security relies on a unique consensus mechanism involving two types of validator nodes: PoS Validator Nodes, participating in a Proof-of-Stake system, and Storeman Validator Nodes, which verify cross-chain transactions.

Wanchain is versatile for developers, supporting building applications in gaming, DeFi, and other financial sectors. Developers can create smart contracts, dApps, and NFTs on the platform. Successful applications include OPENZOO (NFT marketplace), WanSwap (AMM DEX), and Instant Cross (low-cost cross-chain solution).

WAN tokens are traded on major exchanges such as Binance, AscendEX, and Huobi Global, with market prices varying based on exchange and current market conditions.