A new concept is to combine smart contracts with anonymity. With the help of ring signatures, the transactions that are handled via a smart contract are concealed and are therefore hardly traceable from the outside. At the same time fake accounts are created that participate in this ring.
However, the development of the platform is far from complete; the team has set itself an ambitious roadmap. In June 2018, for example, Wanchain Wallet should be able to hold various crypto currencies. The goal is no less than to create a completely independent financial ecosystem by combining the functions of different blockchains. At the same time, it extends their functions with the anonymous Smart Contracts and its own Cross-Chain Communication Protocol.
Wanchain Coin – Who is behind the crypto currency?
The Blockchain is being developed by the WANchain Foundation, a non-profit organization based in Singapore and Austin, Texas. Founder is Jack Lu, who has already made a name for himself in the cryptosphere. He founded Factom and Wanglu Tech, a company that produces blockchain application software. The programs developed by Wanglu Tech made the Wanchain Coin possible. President of the Foundation is Dustin Byington. He founded Bitcoin College in 2014 and was involved in the founding of Tendermint one year later. He is also one of the founders of Satoshi Talent.
pros and cons
The Wanchain crypto currency is not alone with its project. There are other crypto currencies that want to turn the financial world upside down by using blockchain technologies. Ripple, for example, wants to work closely with banks. Or Stellar, who is also working to build a global financial market. Ark is another crypto project that combines digital assets with the blockchain. WAN must be able to prevail against these competitors. Its chance is that it takes up the features of other chains and combines them instead of building an independent platform.
Apart from this, development is far from complete, even though work on the coin has been underway since 2016. The roadmap extends to 2019 and so far everything has gone well and the Wanchain Coin ICO has been very successful, which means that buying Wanchain Coin has been considered worthwhile by many investors. Apart from that, the WAN Coin made it to the Exchanges KuCoin and Binance, two of the largest crypto exchanges. To be listed there gives the crypto currency even more attention.
Actually, it is still Bitcoin Profit
The WAN Coin has been open for trading since 26 March. The coin was worth 3,37 €. In the following days the Wanchain Coin price fell between € 2.40 and € 2.88. In April it went up again with the course, first to 3.16 € on 09 April and finally to 4.89 € on 13 April. For the next few days, WAN seems to be over €4. But Bitcoin Profit and https://www.the-orb.net/bitcoin-profit/ the WAN Coin forecast: Actually, it is still much too early to be able to give an exact Wanchain forecast. So far the Wanchain Coin course has developed well, but in the short time there is not much to conclude. It is worth mentioning that most coins are quoted much lower when they are listed on the stock exchanges. And since then the price has risen. Whether it will only ever go upwards from here is questionable. Whether the WAN crypto currency can still increase, however, very well possible. Ultimately, it depends on how well the development progresses.
The official Wanchain Wallet on the developers’ website should install without problems on Windows, Mac and Linux.
Where can I buy the Wanchain Coin?
If you want to buy Wanchain Coin, the largest volume can be found on Binance, closely followed by KuCoin. These are currently the only Exchanges offering WAN Coins. The exchange takes place with Bitcoin and Ether, on Binance the exchange with the in-house crypto currency is also possible.
Wanchain aims to create a decentralised financial ecosystem by linking different blockchains through smart contracts. We are still in the development phase, but the team is making good progress.
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