Dear ATOMARS Community,
We are pleased to announce the listing of the WANCHAIN (WAN) project on ATOMARS exchange. WANCHAIN (WAN) deposits are effective starting from October 3rd, 2019 and the following trading pairs will be available: WAN/BTC, WAN/ETH, WAN/USDT.
WANCHAIN PROJECT SUMMARY
Wanchain is a fork of Ethereum that implements a cross-chain transfer among different blockchain’s to create a financial market for digital assets. With the large and growing numbers of digital coins and tokens available in the crypto ecosystem, finding a decentralized solution that permits exchange between them has been difficult, until Wanchain.
Wanchain works as an independent blockchain that links accounts of other independent chains to form a network through which digital assets can be exchanged. Apart from cryptocurrency transfers, this platform also has other applications such as privacy protocols, smart contracts, and the Wancoin (WAN) token.
WANCHAIN (WAN) FEATURES
1. Cross-chain Transactions
One of Wanchain’s biggest selling points is the function of asset swap between blockchain. Let’s take a look at how it works. If a person (A) wants to send an amount of Bitcoin to another person (B) who prefers Ethereum, with the Wanchain wallet, Person A can send Bitcoin which can be converted to Ethereum without having to pass through a centralized exchange. Wanchain eliminates the need for a third party in such transactions, thereby cutting down costs, reducing transaction times and minimizing risks.
2. Multi-currency ICOs
As ICOs continues to rise, a major setback to them is that many only accept Bitcoin and Ethereum. What this meant is that anybody with another coin, for instance Litecoin, would not be able to contribute to the ICO. Wanchain enables ICO issuing organizations to accept coins from any blockchain in the Wanchain ecosystem.
Privacy is very important to anyone who invests in crypto. Wanchain stands out in its privacy feature offering. It offers a superb privacy function by using one time accounts and ring signatures.
• One-time Account System
Wanchain users are allowed one account per wallet. But they can also create many one time accounts if they so wish. That means if a person (A) is to send 1 BTC to another person (B), person A can set up a one time account that generates a new public and private key. These keys will be used only for that transaction. This makes it extremely difficult for a 3rd party to associate the 1 BTC transfer to person A or B.
• Ring Signatures
Ring signatures are not new to users of Monero. Wanchain’s ring signature technology is not that different to that used by Monero. The technology combines multiple fake transaction signatures and the real signature of a sender to hide it. This makes it almost impossible for a 3rd party to figure out which of the signature is real.
4. Traditional Institutions Integration
The Wanchain white paper reveals one of the goals of the company is to integrate with consortium chain. Unlike Ethereum Blockchain, updating the ledger is limited to a chosen few due to consortium chain. Banks join together to form this type of blockchain. Access to these chains may make it easy to access traditional investments using cryptocurrency in the future.
Wanchain Blockchain will consume a certain amount of its native cryptocurrency Wanchain (WAN) on transactions. This means Wancoin should witness an increase as more users utilize the many services of Wanchain.