As blockchain technology continues to expand, there is a need for increased connectivity amongst all projects. This will create a more collaborative system where blockchains can easily share data directly.

At the forefront of this revolution stands Wanchain, a cross-chain communications ecosystem dedicated to bringing all blockchain solutions together using its wide array of interoperable products.

What is Wanchain?

Source: https://www.wanchain.org/

Wanchain is a blockchain technology company dedicated to improving the accessibility and adoption of the crypto industry and its technologies by developing solutions for different protocols and use cases. As such, it can easily and securely move digital assets over different blockchain networks, whether EVM-based or not. Essentially, Wanchain allows users to send and receive digital assets across non-native blockchains without converting them to the intended platform’s native currency.

Wanchain aims to create a scalable, industry-wide standard to host up to a billion users in a unified network of connected blockchains. To that end, it offers various decentralized bridges for developers and users, connecting them to other blockchains like Ethereum, Arbitrum, Optimism, Bitcoin, Moonriver, Polkadot, etc.

History Of Wanchain

Wanchain was founded in 2017 by Jack Lu, an entrepreneur and technical expert who has been involved with other blockchain companies like Factom and Wanglu. Other members include Li Ni, the vice president, and Oliver Birch, the VP of Global Communications.

In terms of funding, the project received a lot of support from the crypto community, raising up to $36 million in its ICO held in October 2017. On January 18, 2018, the Wanchain mainnet was released, and by July, Wanchain 2.0 was released, with its biggest upgrade being its successful integration with Ethereum.

In 2021, Wanchain 4.0 was released, offering integration with Bitcoin, Binance Smart Chain (BSC), and EOS. The next year, Wanchain 5.0 was launched, having full interoperability with Layer 2 Ethereum solutions, such as Arbitrum, Optimism, etc. By 2023, Wanchain had partnered with Avalanche, Polygon, and Solana to provide more cross-chain solutions. For example, Wanchain partnered with Polygon to build the world’s first direct/decentralized Layer2 to Layer2 cross-chain bridge.

How Does Wanchain Work?

All of Wanchain’s operations are built on a cross-chain communication protocol that handles data exchange between Wanchain and other blockchains. The protocol consists of three modules: the registration module, the cross-chain transaction data transmission module, and the transaction status query module.

The registration module registers information like which blockchain a transaction came from and the type of asset being transferred. The data transmission module then sends transaction requests to Wanchain and checks if the validator node confirms the request as successful.

Once the request is validated, the data transmission module ensures the transaction is legally processed and completed. It also facilitates the transfer of transaction data back to the original blockchain, maintaining accuracy and security. Finally, the transaction status query module monitors the general status of the transaction.

Verification Node Consensus Mechanism

Like Ethereum, Wanchain uses a Proof-of-Stake (PoS) consensus algorithm for regular transactions and uses consensus and incentive mechanisms for cross-chain transactions.

Wanchain’s PoS system uses three types of validators. These include vouchers, general validators and storemen. Vouchers confirm transactions between the original and locked accounts. General validators keep the storemen informed about activity on the locked accounts and record all Wanchain operations once a transaction is confirmed. The storemen themselves are responsible for managing and securing the keys to those locked accounts.

Locked Account Generation Scheme

Another aspect of Wanchain’s structure worth mentioning is the Locked Account Generation Scheme. This system was derived from Shamir’s Secret Sharing Scheme, where one key can be broken into different parts and distributed to the owners and key stakeholders. This approach is typically used when several people are involved in a transaction. This keeps the funds secure since no person can access the complete key.

Wanchain’s “locked account” system improves security for users by protecting assets on their original blockchain, even while transactions happen. The assets will remain locked until all the required conditions are met, at which point they can be unlocked and moved to a different account.

It also offers more decentralization and stability for users. Because locked accounts are created for multiple parties to access, no single person can control the key. However, the system is designed so that not all the shareholders of the account need to sign transactions on the account every time. This means transactions can still be completed even if some members are unavailable as long as they have the minimum number of shares.

Smart Contract Token Transaction Anonymity

Wanchain is one of the first projects to build privacy directly into its smart contracts, meaning that users could complete transactions on Wanchain while remaining anonymous. This approach is built on two major technologies- ring signatures and one-time address generation.

Ring signatures mix transaction signatures with fake accounts. This makes it difficult for hackers and malicious actors to figure out which signature belongs to the sender, thus making it nearly impossible to trace the origin of the transaction.

On the other hand, on-time address generation creates new addresses for each transaction. As such, since each transaction you make uses a different address, it makes it even more difficult for hackers to trace multiple transactions back to you using your address. When both technologies are combined, they ensure that your transactions remain secure while giving you full anonymity.

Main Features Of Wanchain

Key features include:

WanSwap

Source: https://www.wanswap.finance/#/swap

Wanswap is a new AMM/DEX modeled after Uniswap and built on the Wanchain blockchain. It provides all the features and functionalities common to popular DEXes, as well as liquidity farming capabilities similar to those of projects like Sushiswap.

Wanswap’s biggest advantage over other AMM-enabled solutions is its cross-chain support, powered by Wanchain. WanSwap allows users to trade assets from different blockchains, like Ethereum and EOS. For example, you can send your ETH as a wrapped Wan token (wanETH) to Wanchain, trade it for another wrapped token like wanBTC, and then withdraw it back to the Bitcoin blockchain–all without relying on a centralized exchange.

As stated earlier, Wanswap also offers liquidity farming functionalities. It has a “Farm’ page, which allows users to earn rewards for providing liquidity for specific trading pairs. They will earn Wanswap’s token $WASP, as incentive. The token is also a governance token, allowing its holders to vote on platform features, like fee rates and token listings.

WanWallet

Source: https://www.wanchain.org/wanwallet

WanWallet is Wanchain’s official wallet, designed to help users manage their digital assets better. It is a user-friendly app available for download as a desktop light wallet for Mac, Windows, and Linux and as a mobile app for Android and iOS. With WanWallet, users can manage and trade their assets and even participate in staking.

With WanWallet, users can send and receive funds and even make cross-chain transactions using Wanchain’s technology. The wallet also supports privacy transactions, ensuring that transaction details remain hidden. Additionally, WanWallet allows users to stake their WAN tokens and delegate them to validator nodes, allowing them to earn rewards under Wanchain’s Proof of Stake system.

Aside from basic asset management, WanWallet also provides a built-in DApp store. This feature gives you access to various dApps directly from the wallet, thus enhancing the overall blockchain experience.

Setting up your WanWallet is pretty straightforward. First, download and install the wallet from the Wanchain website or your mobile app store. If you are opening the wallet for the first time, you must register a new account, set a password, and record your backup mnemonic phrase. This backup phrase is extremely important as it is the only way to recover your account, so it is advisable to keep it safe and never share it with anyone.

WanDEX

Source: https://docs.wanchain.org/dapps/wan-dex

Wan DEX is a decentralized exchange platform built on Wanchain that enables users trade different cryptocurrencies directly without relying on centralized authorities and exchanges. It operates using the principle of “off-chain matching and on-chain settlement.” This means that when you place an order (i.e, buying or selling a token), the actual matching of the buy and sell orders happens off the blockchain for speed and efficiency. The final transaction will be recorded on the blockchain for greater security and transparency.

Wan DEX is built on three main components: an open-source front-end code for user interfaces, smart contracts for processing transactions on the blockchain, and an off-chain matching engine controlled by the Wanchain community. This design provides a secure, efficient, and customizable trading environment for both developers and users.

Additionally, Wan DEX is the world’s first cross-chain DEX platform, allowing users to swap major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), EOS, and various other ERC-20 tokens, all directly on their main networks. This cross-chain compatibility makes trading a wider range of digital assets easier without using multiple exchanges.

What’s more, Wan DEX is open-source and highly customizable. As such, developers can easily create their own versions of decentralized exchanges using the Wan DEX framework. They can modify the front-end interface, add new trading pairs, and design their own transaction fee policies.

Wanchain Blockchain Explorer

Source: https://wanscan.org/

Wanchain Blockchain Explorer is an online tool that lets anyone view and track transaction activity on the Wanchain blockchain. It is like a search engine for blockchain transactions, allowing users to view details about blocks, transactions, and wallet addresses, thus making the entire network more transparent.

With Wanchain Blockchain Explorer, users can search for individual transactions and see information like the amount transferred, the time of the transaction, and the involved addresses. This helps users verify that their transactions have been processed correctly while providing more insight into how the network operates.

The explorer also helps developers and users monitor the network’s overall strength and current status. It provides real-time data on a user-friendly site, simplifying the process of monitoring blockchain activity. The site is also accessible from any web browser.

What is WAN?

WAN is the native token of the Wanchain ecosystem. It was initially launched as an ERC-20 token but later transitioned to the Wanchain blockchain, and now, users can convert their ERC-20 tokens into WAN tokens.

All cross and intra-chain transactions in the Wanchain ecosystem require the use of WAN tokens. Additionally, all cross-chain verification nodes must receive WAN tokens as a security deposit after every transaction is made.

WAN Tokenomics

WAN currently has a circulating supply of 198 million tokens, a total supply of 210 million tokens, and a market cap of approximately $28 million. The token was distributed across three weeks in September 2017. During this sale, investors could buy WAN tokens using ETH tokens at different exchange rates depending on when they participated.

The sale had a total limit of 107.1 million tokens, The minimum amount an investor could contribute was 0.1 ETH. Once the sale ended, the purchased WAN tokens were distributed to investors through Ethereum wallets. The returns from the sale were distributed as follows:

• 60% went to research and development
• 10% was allocated to community development
• Another 10% was allocated to marketing
• 10% was also allocated to infrastructure
• Another 10% was reserved for daily operations

After Wanchain launched its blockchain, investors could swap their purchased ERC-20 WAN tokens for native WAN coins at a 1:1 ratio.

Wanchain Ecosystem

Wanchain’s ecosystem is divided into five main categories, spanning across DeFi, GameFi, financial tools and blockchain infrastructure. It consists of dApps like:

Jack’s Pot

Source: https://jackspot.wanlend.finance/#/

Jack’s Pot is a no-loss gaming lottery dApp for Wanchain users, who purchase tickets with 10 WAN each. Validators can also stake WAN tokens to generate staking rewards, which are then pooled and awarded to weekly winners. Users will also retain their capital and can withdraw their tickets anytime. Draws happen weekly, and unclaimed rewards will roll over to the next round.

ZooKeeper

Source: https://www.zookeeper.finance/

Zookeeper is a gamified yield farming platform on Wanchain. Users earn ZOO tokens by staking WAN to get NFT-based rewards. The dApp allows users to combine multiple NFTs to create “Super NFTs” for bigger yields. It also offers liquidity mining through its integration with WanSwap.

XStake

Source: https://xstake.wanchain.org/

XStake is a decentralized staking platform that lets users earn rewards by staking their digital assets. It is built on Wanchain’s advanced cross-chain technology, allowing users to stake tokens from different blockchains, making it an ideal choice for a diverse crypto portfolio.

The platform offers a user-friendly interface where users can easily track their staked assets, view rewards, and even participate in governance. With strong security measures and a transparent staking process, XStake is designed to help new and experienced users maximize their yields while contributing to the growth of the Wanchain ecosystem.

WanLend

Source: https://wanlend.finance/

WanLend is a decentralized lending and borrowing platform enabling users to access digital assets’ liquidity. Essentially, it enables users to lend their assets to earn attractive interest rates or borrow funds with flexible terms, all secured by smart contracts.

The platform is designed to be user-friendly, so both newcomers and seasoned DeFi participants can navigate it easily. It can connect with multiple blockchains, helping WanLend create a more efficient and transparent financial ecosystem. This approach also aligns with Wanchain’s mission to build a truly interconnected digital asset network.

StreamTrade

Source: https://streamtrade.wanlend.finance/

StreamTrade is a decentralized trading platform developed by WanLend to deliver a seamless, real-time trading experience. It uses Wanchain’s cross-chain technology to enable users securely execute trades involving various digital assets. StreamTrade also features an intuitive interface that makes it easy for novice and experienced traders to monitor live market data, manage orders, and tap into liquidity pools.

By combining real-time data feeds with efficient trade execution, StreamTrade offers a transparent environment where traders can make informed decisions.

Tokenview

Source: https://wan.tokenview.io/

WAN Tokenview is a comprehensive blockchain explorer designed specifically for the Wanchain network. It lets users view detailed information about blocks, transactions, wallet addresses, and tokens on Wanchain in real-time.

Tokenview allows users to easily monitor network activity, track asset flows, and verify transaction details. By providing access to historical data and comprehensive analytics, Tokenview enhances transparency and trust in the Wanchain ecosystem, making it essential for anyone involved in digital asset management or blockchain development.

News on Wanchain

On January 29th, 2025, Wanchain announced a new partnership with bridge aggregator DZap. The solution is set to improve the interoperability of Wanchain’s main product, the Wanchain Bridge.

DZap is a DEX and Bridge aggregator operating on a new technology- its DeFi Zapping Infrastructure. This allows it to provide better swaps, smoother bridging, and improved liquidity management. The protocol has also connected with over 70 protocols and 30 blockchains. This ensures greater liquidity with cheaper costs and smoother cross-chain swaps.

The partnership between Wanchain and DZap is expected to drive up Wanchain’s transaction volume. Wanchain’s bridges are built to handle high amounts of transactions with high security. As such, more and more people will have access to Wanchain’s features and products, especially seeing as DZap is also connected to 19 blockchains from Wanchain’s cross-chain partners, such as Base, Solana, Ethereum, Avalanche, Binance, etc.

Is WAN A Good Investment?

Wanchain offers some of the latest technology to make cross-chain blockchain operations even smoother, faster, and more secure. Despite its attractiveness, the crypto market remains highly volatile. To that end, it is always advisable to research every project deeply or consult with qualified personnel before investing in them.