Welcome to Protocol Weekly: Wanchain
Wanchain is a blockchain platform that enables financial transactions between blockchains with privacy protection and cross-chain smart contracts. The Wanchain infrastructure enables the creation of distributed financial applications for individuals and organizations. Wanchain currently enables cross-chain transactions with Ethereum, and the next product launch will enable the same functionalities with Bitcoin. Going forward, we will continue to bridge blockchains and bring cross-chain finance functionality to projects in the blockchain ecosystem.
What problem does it solve?
In order to achieve the industry’s vision of a decentralized financial system, blockchains cannot continue to operate independent of each other. Blockchains, whether public or private, will need to be fully interoperable, allowing for exchange of value and exchange of data. Wanchain is solving this problem beginning with public blockchains (Ethereum and Bitcoin), but plans to expand into private and consortia blockchains in the near future.
How does this help the community?
Wanchain is not only bridging all these blockchains on a technical level, but is also bridging all the different communities that are part of these external blockchains. It’s clear that one blockchain won’t rule them all. These various platforms all serve different functions and complement each other in one way or another. Wanchain is collaborating with many companies working toward the mission of a decentralized global financial system, and looks forward to continuing to foster new relationships in the community.
- Thanks to Dan Reecer (Global Marketing Director) & Oliver Birch (VP Global Communications)
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