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Wanchain Coin – What is this crypto currency?

Wanchain aims to create a global financial market by connecting different blockchains. More and more blockchain projects and crypto currencies are emerging, which want to create financial independence for their users in various ways. The focus is often on trading digital assets. With the help of the Wanchain Coin this trade is to be united on a platform.

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Wanchain Coin – What is this crypto currency?
Who is the crypto currency?
pros and cons
Wanchain Coin Course – Development – Forecast
Create Wallet
Where can I buy the Wanchain Coin?
upshot
Wanchain Coin – What is this crypto currency?
bitcoinwiki writes

Wanchain aims to offer following functions:- Become a distributed platform for the exchange of various digital currencies.- Carry out deposit and loan business for different digital currencies.- Conduct transactions of digital assets using digital currency as a medium.- Issue and trade brand new digital financial assets.

The origins of the Wanchain Coin, also called onlinebetrug for short, lie in an Ethereum fork, but it has developed into a completely separate blockchain. The most important element is the cross-chain communication protocol. This allows the exchange between the WAN blockchain and other blockchains. The protocol consists of three modules: The Registration Module registers from which chain a transaction originates. The Cross-Chain Transaction Data Transmission Module handles the interaction of the two blockchains and ensures that the transactions are legal. And finally, the Transaction Status Query Module, which monitors the transactions. Smart Contracts are used for all three modules. The digital contracts introduced by Ethereum enable communication with the WAN blockchain.

The actual coin is a fee for transactions. In addition, WAN coins must be deposited as collateral if transactions to other blockchains are to be concluded. The Wanchain Coin ICO sold a total of 107 million tokens, equivalent to 120,000 ethers. This €107 million represents 51% of the total WAN inventory.

The transactions are verified using a proof-of-stake algorithm. There are different nodes, i.e. nodes that execute different functions, and in return their owners receive a few WAN coins that are charged as fees for the transactions. Vouchers provide security in the event of incorrect transactions, validators record the transactions and storems hold their key shares ready. These keys are required for the Locked Account Generation Scheme. This is a complicated system that ultimately allows several parties to access an account, even if not everyone is present and can use their key. The key is disassembled into parts, but not all parts need to be available to assemble the key.

Syscoin Course and Development Forecast

With regard to a sys coin forecast, one thing can already be said: there will certainly be no huge leaps in the share price. The value of the coin depends on how many people use the platform and open a shop. The mining of the coin is deliberately slow and not particularly productive. That shouldn’t stop you from buying syscoin, though. Syscoin will probably be much more stable than other crypto currencies and more suitable as a long-term investment.
The coin went on the market as early as 2014 and was hardly in demand until 2017. This does not have to discourage for a syscoin forecast, it happened to almost all crypto currencies. The crypto currency experienced its first really notable rise in May 2017, rising to 2, then 3 cents in April. In May, the price was finally quoted at 10 cents per coin and reached its highest level of 21 cents in June.

Afterwards

Afterwards, the price fell again, in July it fell below 10 cents, in August it remained around this value. In September, the coin broke its own record again, trading at 26 cents per coin for a short time, after which the value fell back to 10 cents in October. In November it went steadily upwards from this short descent. Like many other crypto currencies, December was supposed to be the best month for the coin, reaching a value of over 70 cents by the end of the year. The share price fell again slightly in January, but was still better than in November of the previous year. As a forecast it can be said that the coin will possibly stay in this range between 20 and 80 cents. Up to now, the price depended on how well the industry in general was doing. You have to wait until the sys/coin development is finished and the full potential of the coin unfolds. Maybe you should buy Sys coin now, before the coin quotes even better.

Create Syscoin Wallet

The Blockmarket Desktop Wallet is the official Syscoin Wallet of the developers. The wallet is easy to download and install. After the wallet has synchronized with the network, you have to add a few syscoins to it, otherwise it won’t work.

Where can I buy the Syscoin?

The Syscoin crypto currency can be exchanged for Bitcoin on Bittrex, Poloniex, Livecoin and Tux exchange, on Yobit the exchange with Ether is also possible. You can’t buy syscoin on these exchanges with Fiat money.

Conclusion Syscoin
The advantage of cheap and fast purchases via a decentralized platform, where no middleman interferes, is obvious and holds great potential. Not much is happening on Syscoin yet, but this could change soon.

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