Wanchain, the upcoming Cross chain smart contract platform, just got listed on KuCoin – one of the largest exchange from China. The deposits went live form 9th April 2018 and withdrawal begins from 12th April 2018. The KuCoin listing increased the price of Wanchain from $3.02 to $3.88, with the price expected to rise further for the next 3 days until withdrawal begins.
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 and modern framework.
Wanchain connects and exchanges value between different blockchain ledgers in a distributed way (Cross Chaining ). It uses some of 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 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.
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