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home CoinsWAN

Updated 08:50 PM UTC

WANWanchain

$0.0514

$0.0₅819

(0.02%)

Today

Mkt Cap$10.24M

Vol901,237.00

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Cardano and Injective Launch Testnet IBC Link for Cross-Chain Liquidity

Inter-Blockchain Communication, or IBC, is a messaging standard that lets separate blockchains pass data and assets to one another over a shared connectivity layer. On testnet, developers use that channel to validate how tokens and messages would move across chains before any wid...

Bitcoin Info News

More News

Crypto Industry Was Hit By 30 Hacks In July, Losing $210.3 Million: Peckshield

PeckShield reports the crypto industry lost $210.3 million to 30 major hacks in July, up sharply from June, as Ethereum and Solana continue to lead overall losses.

CryptoBreaking

July Crypto Hack Losses Surge 177% to $210.3M, Marking Third-Largest Monthly Toll of 2024

BitcoinWorld July Crypto Hack Losses Surge 177% to $210.3M, Marking Third-Largest Monthly Toll of 2024 Losses from cryptocurrency-related hacks surged to $210.3 million in July, a 177% increase from the $75.87 million reported in June, according to the latest industry data. The j...

BitcoinWorld

Verus Bridge hacked for $7.54 million in latest exploit

Verus's Ethereum bridge was drained of roughly $7. 54 million in the incident, according to reporting on the attack. Bitcoininfonews first published the article titled Verus Bridge hacked for $7.54 million in latest exploit.

Bitcoin Info News

Cardano (ADA) Founder Charles Hoskinson Speaks Out for the First Time Following the Hack

Cardano founder Charles Hoskinson spoke about the hacking incident that occurred on the ADA-related ecosystem, Midnight. Continue Reading: Cardano (ADA) Founder Charles Hoskinson Speaks Out for the First Time Following the Hack

Bitcoin Sistemi

Flash Trade exploited for $98,000 in USDC, team confirms users fully reimbursed

🚨 Flash Trade exploited for $98,000 in $USDC through a MagicBlock SDK flaw. 🛡️ User funds remain protected, with full reimbursement confirmed by the team. 💻 The vulnerability has been fixed in the latest SDK update and partners are urged to upgrade. 📢 Flash Trade's rapid resp...

COINTURK NEWS

Midnight Token Rebounds 19% After Wanchain Bridge Hack, Hoskinson Pushes for ZK Overhaul

Midnight token (NIGHT) bounced 19% from an all-time low after the Wanchain bridge exploit, with Charles Hoskinson saying the hack shows why the industry.

Blockchain Reporter

Zhibao Technology BTC Term Sheet Involves 3,500 BTC

Zhibao Technology Inc. said it signed a non-binding term sheet involving approximately 3,500 BTC as consideration for a PIPE financing, a tentative step that has not yet closed as a completed transaction. Read original article on tokentopnews.com

TokenTopNews

Midnight Token Rebounds 19% After Wanchain Bridge Hack as Hoskinson Pushes ZK Revamp

Midnight's NIGHT token rebounded roughly 19% in the wake of a Wanchain bridge exploit, a move that unfolded even as the security incident put fresh scrutiny on cross-chain infrastructure tied to the Cardano ecosystem and prompted renewed debate over zero-knowledge security. Read ...

TokenTopNews

NIGHT bridge exploit on Cardano involves 515M NIGHT tokens

The incident is framed as a security event affecting a bridge connected to the Cardano-linked NIGHT ecosystem. The figure being circulated is 515 million NIGHT tokens , referenced in a Wanchain post on X. Read original article on coinlive.me

CoinLive.me

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AboutWanchain seeks to link the present to the future, through the exploration and implementation of blockchain technology. Wanchain aims to build a distributed “bank”. Just as traditional banks are the infrastructure of the current financial framework, Wanchain seeks to build a new, distributed infrastructure of digital assets to form an improved, modern framework - an ambitious goal indeed. Wanchain connects and exchanges value between different blockchain ledgers in a distributed manner. It uses the latest cryptographic theories to build a non-proprietary cross-chain protocol and a distributed ledger that records both cross-chain and intra-chain transactions. Any blockchain network, whether a public, private or consortium chain, can integrate with Wanchain to establish connections between different ledgers and perform low cost inter-ledger asset transfers. The Wanchain ledger supports not only smart contracts, but also token exchange privacy protection. With Wanchain, any institution or individual can set up their own virtual teller window in the “bank” and provide services such as loan origination, asset exchanges, credit payments and transaction settlements based on digital assets. Under the guarantee of “banks” based on the blockchain infrastructure, more people can participate in financial services based on digital assets. To describe it more accurately, Wanchain is a distributed super-financial market based on blockchain. Wanchain uses the Locked Account Generation Scheme to secure funds and keys when there are multiple parties involved. Based on Shamir’s Secret Sharing Scheme, it effectively breaks up a key into shares and distributes it to all included participants. The Storemen are responsible for maintaining and managing the appropriate key shares of the locked accounts for transactions. This method of key share distribution has a few benefits. Because Wanchain generates locked accounts through multi-party computations, there’s increased decentralization. And there’s more stability because you don’t need every key share to produce a signature for a locked account. If some of the Validators are offline, transactions can still be executed with a minimum number of shares. Finally, any transaction with a locked account is done via the original chain. This means that any chain can easily integrate and interact with Wanchain without the need for new transaction types or validators. The Wanchain Foundation is a non-profit organization primarily operating out of Singapore but also has a significant presence in Austin, TX. Wanchain was founded by Jack Lu, a respected player in the blockchain space. Before his current role, Lu co-founded Factom and started Wanglu Tech, a blockchain application development company. Wanglu Tech has been a primary contributor to the open-source Wanchain project. Dustin Byington serves as the Wanchain President. Byington is a blockchain veteran having founded Bitcoin College in 2014 as well as co-founding Tendermint, a software mechanism to securely and consistently replicate applications across machines. Byington also co-founded Satoshi Talent, a platform to connect blockchain entrepreneurs with developers. WAN tokens were initially distributed as ERC-20 tokens to ICO participants, but it’s now possible to exchange these for tokens on the Wanchain mainnet or buy them directly. It’s a common misconception that WAN is an ERC-20 coin. Wanchain is a pioneering and potentially disruptive project with its sights set on becoming a super financial market of the world. Although achieving its lofty goal(s) is going to require a lot more work, Wanchain is further along its roadmap than some projects. But there’s still a good bit of “in theory” going on here. As Wanchain is addressing the whole financial market, it has a number of competitors. Most notably Fusion, Pantos, Ark, and Qash; some may even consider big players the likes of Ripple, Stellar and Ethereum competitors. On the positive side, Wanchain has strong fundamentals, they’ve got a functional mainnet, the vitality of their use case is indisputable, the huge interest in their ICO showed a powerful vein of investor confidence, and the team has a track record of success.

Details

Source

GitHub

Fundamentals

Mkt Cap

$10.24M

24H Volume

$901,237.00

7D High

$0.052

FDV

$10.8M

Circ Supply

199.01M

Total Supply

210M

Max Supply

210M

24H High

$0.0516

24H Low

$0.0509

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Latest WAN News

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Cardano and Injective Launch Testnet IBC Link for Cross-Chain Liquidity

Bitcoin Info News

Crypto Industry Was Hit By 30 Hacks In July, Losing $210.3 Million: Peckshield

CryptoBreaking

July Crypto Hack Losses Surge 177% to $210.3M, Marking Third-Largest Monthly Toll of 2024

BitcoinWorld

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Info

Source codeGitHub

CategoriesCross-chain Communication, +6 more

About

Wanchain seeks to link the present to the future, through the exploration and implementation of blockchain technology. Wanchain aims to build a distributed “bank”. Just as traditional banks are the infrastructure of the current financial framework, Wanchain seeks to build a new, distributed infrastructure of digital assets to form an improved, modern framework - an ambitious goal indeed. Wanchain connects and exchanges value between different blockchain ledgers in a distributed manner. It uses the latest cryptographic theories to build a non-proprietary cross-chain protocol and a distributed ledger that records both cross-chain and intra-chain transactions. Any blockchain network, whether a public, private or consortium chain, can integrate with Wanchain to establish connections between different ledgers and perform low cost inter-ledger asset transfers. The Wanchain ledger supports not only smart contracts, but also token exchange privacy protection. With Wanchain, any institution or individual can set up their own virtual teller window in the “bank” and provide services such as loan origination, asset exchanges, credit payments and transaction settlements based on digital assets. Under the guarantee of “banks” based on the blockchain infrastructure, more people can participate in financial services based on digital assets. To describe it more accurately, Wanchain is a distributed super-financial market based on blockchain. Wanchain uses the Locked Account Generation Scheme to secure funds and keys when there are multiple parties involved. Based on Shamir’s Secret Sharing Scheme, it effectively breaks up a key into shares and distributes it to all included participants. The Storemen are responsible for maintaining and managing the appropriate key shares of the locked accounts for transactions. This method of key share distribution has a few benefits. Because Wanchain generates locked accounts through multi-party computations, there’s increased decentralization. And there’s more stability because you don’t need every key share to produce a signature for a locked account. If some of the Validators are offline, transactions can still be executed with a minimum number of shares. Finally, any transaction with a locked account is done via the original chain. This means that any chain can easily integrate and interact with Wanchain without the need for new transaction types or validators. The Wanchain Foundation is a non-profit organization primarily operating out of Singapore but also has a significant presence in Austin, TX. Wanchain was founded by Jack Lu, a respected player in the blockchain space. Before his current role, Lu co-founded Factom and started Wanglu Tech, a blockchain application development company. Wanglu Tech has been a primary contributor to the open-source Wanchain project. Dustin Byington serves as the Wanchain President. Byington is a blockchain veteran having founded Bitcoin College in 2014 as well as co-founding Tendermint, a software mechanism to securely and consistently replicate applications across machines. Byington also co-founded Satoshi Talent, a platform to connect blockchain entrepreneurs with developers. WAN tokens were initially distributed as ERC-20 tokens to ICO participants, but it’s now possible to exchange these for tokens on the Wanchain mainnet or buy them directly. It’s a common misconception that WAN is an ERC-20 coin. Wanchain is a pioneering and potentially disruptive project with its sights set on becoming a super financial market of the world. Although achieving its lofty goal(s) is going to require a lot more work, Wanchain is further along its roadmap than some projects. But there’s still a good bit of “in theory” going on here. As Wanchain is addressing the whole financial market, it has a number of competitors. Most notably Fusion, Pantos, Ark, and Qash; some may even consider big players the likes of Ripple, Stellar and Ethereum competitors. On the positive side, Wanchain has strong fundamentals, they’ve got a functional mainnet, the vitality of their use case is indisputable, the huge interest in their ICO showed a powerful vein of investor confidence, and the team has a track record of success.

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