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.
Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity
Did you like the news you just read? Please leave a feedback to help us serve you better
Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.
Crypto News: , Crypto Market Eyes Bull Shift The cryptocurrency market is experiencing a rough…
A Massive Unraveled In a stunning blow to the crypto underworld, a 23-year-old man from…
Africa Envisions a Future with While the Western world often fixates on cryptocurrencies, NFTs, and…
What Did the Say About Crypto?In a recent appearance on the popular financial show 'Making…
Tokenization goes mainstream: Inside Blockchain technology has long battled a tough reputation, often viewed as…
Why some are ditching for In the fast-evolving world of technology and finance, are making…