Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is an open source, global payment network that is fully decentralized without any central authorities. Mathematics secures the network and empowers individuals to control their own finances. Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency. With substantial industry support, trade volume and liquidity, Litecoin is a proven medium of commerce complementary to Bitcoin.

Block Ventures is a venture capital firm; investing across all regions and sectors of blockchain technology – including initial coin offerings, cryptocurrency and dApps. From seed stage to growth investment, we have invested in some of the most successful and important blockchain technology companies. We help ambitious companies to think big andsucceed. We partner with disruptive founders to accelerate their ideas to market.

Block Ventures

Investor

Zachary Snader

Co-founder & Managing Partner at Block Ventures.

Arbi Khodagholian

Litecoin (LTC) is a cryptocurrency . Users are able to generate LTC through the process of mining. Litecoin has a current supply of 84,000,000 with 69,748,793.77791464 in circulation. The last known price of Litecoin is 112.41236805 USD and is down -1.97 over the last 24 hours. It is currently trading on 736 active market(s) with $926,437,228.25 traded over the last 24 hours. More information can be found at https://litecoin.org/.

Litecoin

<h2 id="token-metrics"><strong>Token Metrics</strong></h2>
<ul>
<li>Token Name: <a href="https://news.coincu.com/81546-what-is-litecoin-ltc-litecoin-btc/">Litecoin</a></li>
<li>Ticker:&nbsp;<strong>LTC</strong></li>
<li>Token Type:&nbsp;<strong>Utility</strong></li>
<li>Total Supply:&nbsp;<strong>84,000,000 LTC</strong></li>
<li>Circulating Supply:&nbsp;<strong>70,091,431.28 LTC</strong>&nbsp;<strong>(83%)</strong></li>
<li>Market Cap:&nbsp;<strong>$7,641,160,599</strong></li>
</ul>
<p>You can update the price of&nbsp;<strong>LTC&nbsp;</strong>Token on&nbsp;<a href="https://coincu.com/" target="_blank" rel="noreferrer noopener">Coincu.com</a>&nbsp;right at:&nbsp;<a href="https://coincu.com/currencies/ltc-litecoin/" target="_blank" rel="noreferrer noopener" data-type="URL" data-id="https://coincu.com/currencies/ltc-litecoin/">CLICK HERE</a></p>
<h2><span id="Token_Allocation" class="ez-toc-section"></span><strong>Token Allocation</strong></h2>
<p><strong>Litecoin&nbsp;</strong>initiated a 150 coin pre-mine, coins rewarded for mining the genesis block and 2 subsequent blocks, which were initially reserved for project development bounties. Its genesis block was on 10/7/2011.</p>
<h2><span id="Token_Release_Schedule" class="ez-toc-section"></span><strong>Token Release Schedule</strong></h2>
<p><strong>Litecoin</strong>&nbsp;was created as a clone of&nbsp;Bitcoin&nbsp;meant to have four times the supply, as well as generate blocks four times as fast. Bitcoin&rsquo;s parameters were changed in order to achieve this, with the result that the eventual supply will top out at no more than 84 million coins.</p>
<p>On average, LTC generates new blocks every 2.5 minutes, rewarding miners with 12.5 new LTC and the total transaction fees from the preceding block. Each block has a 1MB limit and block rewards are&nbsp;halved&nbsp;every 840,000 blocks (approximately 4 years). Litecoin&rsquo;s first halvings occurred on August 2015 and August 2019. The next halving will occur in August 2023.</p>
<p>Eventually, once the 84 million LTC hard cap has been reached, block rewards will transition entirely to transaction fees&nbsp;shifting the security model&nbsp;of the protocol to one based on demand for block space versus one based on demand for LTC. Similar to bitcoin, LTC&rsquo;s supply dynamics are known with great precision, and the vast majority of all eventual coins will be minted in the first two decades.</p>
<figure class="wp-block-gallery has-nested-images columns-default is-cropped">
<figure class="wp-block-image size-large is-style-default"><img class="wp-image-81586" title="What is Litecoin (LTC)? Different Between Litecoin &amp; Bitcoin 4" src="https://news.coincu.com/wp-content/uploads/2022/04/Screenshot-2022-04-18-092105.png" sizes="(max-width: 655px) 100vw, 655px" srcset="https://news.coincu.com/wp-content/uploads/2022/04/Screenshot-2022-04-18-092105.png 655w, https://news.coincu.com/wp-content/uploads/2022/04/Screenshot-2022-04-18-092105-300x232.png 300w" alt="Screenshot 2022 04 18 092105" width="655" height="507" loading="lazy" data-id="81586" data-pin-no-hover="true" />
<figcaption></figcaption>
</figure>
</figure>
<h2 id="token-sale"><span id="Token_Sale" class="ez-toc-section"></span><strong>Token Sale</strong></h2>
<p>You can trade&nbsp;<strong>LTC&nbsp;</strong>on CEX or DEX: Binance, FTX</p>
<p>Price today:&nbsp;<strong>$109.02</strong></p>
<p>ATH:&nbsp;<strong>$412.96</strong></p>
<p>More information at:<strong><a href="https://coincu.com/currencies/cosm-cosmo-coin/" target="_blank" rel="noreferrer noopener">&nbsp;</a><a href="https://coincu.com/currencies/ltc-litecoin/" target="_blank" rel="noreferrer noopener" data-type="URL" data-id="https://coincu.com/currencies/ltc-litecoin/">CLICK HERE</a></strong></p>
<h2><span id="Token_Use_Case" class="ez-toc-section"></span><strong>Token Use Case</strong></h2>
<p><strong>LTC&nbsp;</strong>is used as a native currency within the Litecoin network. LTC can be used for peer-to-peer payments and value storage within the Litecoin network. With its faster block times, Litecoin aims to offer higher on-chain throughout and quicker confirmation times than Bitcoin. However, similar to Bitcoin, Litecoin plans to ultimately scale using layer 2 solutions such as the&nbsp;lightning network</p>

Technical Data

<p>One of the main features of crypto is payment, or payment is a feature basis when forming a new economy. <a href="https://news.coincu.com/81546-what-is-litecoin-ltc-litecoin-btc/">Litecoin</a> was born to fulfil this need. Litecoin (LTC)&nbsp;is the peer-to-peer currency of the Internet and is decentralized similar to Bitcoin. It is the first cryptocurrency to implement the SegWit protocol. Charlie Lee, a former Googler, released Litecoin on October 7 2011, on the Github source code. His original goal was to create a&nbsp;lighter version of Bitcoin (BTC).</p>
<h1 class="has-luminous-vivid-orange-color has-text-color">What is Litecoin (LTC)?</h1>
<p><strong><a href="https://news.coincu.com/81546-what-is-litecoin-ltc-litecoin-btc/">Litecoin</a> </strong>is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. LTC is an open-source, global payment network that is fully decentralized without any central authorities. Mathematics secures the network and empowers individuals to control their own finances. Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency. With substantial industry support, trade volume and liquidity, Litecoin is a proven medium of commerce complementary to Bitcoin.</p>
<h1 id="outstanding-features" class="has-luminous-vivid-orange-color has-text-color"><span id="Outstanding_Features" class="ez-toc-section"></span>Outstanding Features</h1>
<h2 id="what-is-the-project-trying-to-achieve"><span id="What_is_the_project_trying_to_achieve" class="ez-toc-section"></span><strong>What is the project trying to achieve?</strong></h2>
<p><strong>Litecoin&nbsp;</strong>was designed to be used for cheaper transactions and to be more efficient for everyday use. In comparison, bitcoin was being used more as a store of value for long-term purposes. The coin limit market cap is much higher on LTC than bitcoin, and the mining process far quicker. This means transactions are faster and cheaper, although generally smaller in size.&nbsp;</p>
<p>Like bitcoin,&nbsp;<strong>LTC&nbsp;</strong>is a form of digital money. Utilising blockchain technology, LTC can be used to transfer funds directly between individuals or businesses. This ensures that a public ledger of all transactions is recorded, and allows the currency to operate a decentralised payment system free from government control or censorship.</p>
<p>The&nbsp;<strong>two main differences</strong>&nbsp;are that Litecoin aims to finalize transactions faster and that it uses a&nbsp;different mining algorithm. On Litecoin, new blocks are added to the blockchain roughly every 2.5 minutes (as opposed to 10 minutes on Bitcoin).</p>
<h2><strong>What is the unique selling point?</strong></h2>
<h3><strong>Transaction Fee</strong></h3>
<p>While&nbsp;<strong>LTC&nbsp;</strong>requires more sophisticated technology to mine than bitcoin, blocks are actually generated up to four times faster. LTC also processes financial transactions a lot quicker, and can also process a higher number of them over the same time period.</p>
<h3><strong>Litecoin Maximum Supply</strong></h3>
<p id="mntl-sc-block_2-0-16">LTC was released with 150 pre-mined coins and has a total supply of 84 million coins. The cryptocurrency&rsquo;s&nbsp;<a href="https://news.coincu.com/c/blockchain/" data-type="URL" data-id="https://news.coincu.com/c/blockchain/">blockchain</a>&nbsp;generates a new block every 2.5 minutes. The Litecoin supply is designed to reduce overtime to preserve the coin&rsquo;s value. As of April 2022, there are 14 million Litecoins left to mine.</p>
<h3><strong>Litecoin Hashing Algorithm</strong></h3>
<p><strong>The Skrypt algorithm</strong>&nbsp;allows transaction costs to be significantly reduced. LTC uses a hashing algorithm called Scrypt (pronounced es-crypt). Scrypt is more memory-intensive and slower than SHA-256. But it found greater acceptance in the cryptocurrency community after the 2011 Tenebrix project modified Scrypt to work with regular CPUs for mining.</p>
<h3><strong>Mining Rewards</strong></h3>
<p>Miners are rewarded in LTC for contributions. The halving event takes place every 840,000 blocks, roughly every 4 years.</p>
<p id="mntl-sc-block_2-0-23">Halving dates for LTC:</p>
<ul id="mntl-sc-block_2-0-25">
<li>Aug. 25, 2015: 50 to 25 LTCs</li>
<li>Aug. 5, 2019: 25 to 12.5 LTCs</li>
<li>Aug. 23, 2023 (expected): 12.5 to 6.25 LTCs</li>
</ul>
<p>Read Full Article:<a href="https://coincu.com/currencies/ltc-litecoin/stories/">&nbsp;CLICK HERE</a></p>
<p>&nbsp;</p>

All about

<div>
 <div>
  <div class="sc-2qtjgt-0 eApVPN">
   <div>
    <h2 id="what-is-litecoin-ltc">
     What Is Litecoin (LTC)?
    </h2>
    <p>
     Litecoin (LTC) is a cryptocurrency that was designed to provide fast, secure and low-cost payments by leveraging the unique properties of
     <a href="#">
      blockchain
     </a>
     technology.
    </p>
    <p>
     To learn more about this project, check out our deep dive of
     <a href="#">
      Litecoin
     </a>
     .
    </p>
    <p>
     The cryptocurrency was created based on the
     <a href="#">
      Bitcoin
     </a>
     (BTC) protocol, but it differs in terms of the hashing algorithm used, hard cap, block transaction times and a few other factors. Litecoin has a block time of just 2.5 minutes and extremely low transaction fees, making it suitable for micro-transactions and point-of-sale payments.
    </p>
    <p>
     Litecoin was released via an open-source client on GitHub on Oct. 7, 2011, and the Litecoin Network went live five days later on Oct. 13, 2011. Since then, it has exploded in both usage and acceptance among merchants and has counted among the top ten cryptocurrencies by market capitalization for most of its existence.
    </p>
    <p>
     The cryptocurrency was created by Charlie Lee, a former Google employee, who intended Litecoin to be a "lite version of Bitcoin," in that it features many of the same properties as Bitcoin—albeit lighter in weight.
    </p>
    <h3 id="who-are-the-founders-of-litecoin">
     Who Are the Founders of Litecoin?
    </h3>
    <p>
     As we previously touched on, Litecoin was founded by Charlie Lee, an early cryptocurrency adopter and a name held in high regard in the cryptocurrency industry.
    </p>
    <p>
     Charlie Lee, also known as “Chocobo,” is an early Bitcoin miner and computer scientist, who was a former software engineer for Google. In addition, Charlie Lee held the role of director of engineering at Coinbase between 2015 and 2017 before moving on to other ventures.
    </p>
    <p>
     Today, Charlie Lee is an outspoken advocate of cryptocurrencies and is the managing director of the Litecoin Foundation—a non-profit organization that works alongside the Litecoin Core Development team to help advance Litecoin.
    </p>
    <p>
     Besides Lee, the Litecoin Foundation also includes three other individuals on the board of directors: Xinxi Wang, Alan Austin and Zing Yang — all of which are accomplished in their own right.
    </p>
    <h4 id="what-makes-litecoin-unique">
     What Makes Litecoin Unique?
    </h4>
    <p>
     Behind Bitcoin, Litecoin is the second most popular pure cryptocurrency. This success can be largely attributed to its simplicity and clear utility benefits.
    </p>
    <p>
     As of January 2021, Litecoin is one of the most widely accepted cryptocurrencies, and more than 2,000 merchants and stores now accept LTC across the globe.
    </p>
    <p>
     Its main benefit comes from its speed and cost-effectiveness. Litecoin transactions are typically confirmed in just minutes, and transaction fees are nearly negligible. This makes it an attractive alternative to Bitcoin in developing countries, where transaction fees may be the deciding factor on which cryptocurrency to support.
    </p>
    <p>
     In late 2020, Litecoin also saw the release of the
     <a href="#">
      MimbleWimble
     </a>
     (MW) testnet, which is used to test Mimblewimble-based confidential transactions on Litecoin. Once this feature is available on the mainnet, Litecoin users will also benefit from greatly enhanced privacy and fungibility.
    </p>
    <h4 id="related-pages">
     Related Pages:
    </h4>
    <p>
     Check out
     <a href="#">
      Bitcoin (BTC)
     </a>
     — the original cryptocurrency.
    </p>
    <p>
     Check out
     <a href="#">
      Nano (NANO)
     </a>
     — another lightweight, fast cryptocurrency.
    </p>
    <p>
     Get up to date with the latest Litecoin
     <a href="#">
      updates and discussion
     </a>
     .
    </p>
    <p>
     Want to keep track of Litecoin price live? Download the
     <a href="#">
      CoinCu mobile app
     </a>
     !
    </p>
    <p>
     Check out
     <a href="#">
      CoinCu Alexandria
     </a>
     for the latest cryptocurrency news and educational deep dives.
    </p>
    <h4 id="how-many-litecoin-ltc-coins-are-there-in-circulation">
     How Many Litecoin (LTC) Coins Are There in Circulation?
    </h4>
    <p>
     Like most proof-of-work (
     <a href="#">
      POW
     </a>
     ) cryptocurrencies, the amount of Litecoin in circulation gradually increases with each newly mined block.
    </p>
    <p>
     As of January 2021, 66.245 million LTC have already been mined out of a total maximum supply of 84 million. The Litecoin Foundation recently estimated it will be well over 100 years until Litecoin reaches full dilution (around the year 2140) — since the number of LTC mined per block decreases every four years as part of the block reward halving schedule.
    </p>
    <p>
     Around 500,000 LTC was instamined on day one after the LTC genesis block was mined and Charlie Lee and presumably other early Litecoin developers were among the first miners.
    </p>
    <p>
     Despite this, as a fairly distributed asset, the Litecoin developers or Charlie Lee do not receive any direct profits from the operation of Litecoin—other than anything they may earn as part of the regular mining process.
    </p>
    <p>
     When Litecoin listed on several markets in 2011, the Litecoin price hit $0.30. Then, from November to December 2013, it went on a massive bull run, with Litecoin price hitting a high of $44.73. However, the bear market and
     <a href="#">
      Mt. Gox hack
     </a>
     caused Litecoin prices to crash in 2014, and prices consolidated within the $2 to $4 range for several years. In November and December of 2017, Litecoin price rallied over 500% to $358.34, on the back of the crypto bull market. Litecoin price hit an all-time high in May 2021, in the latest crypto bull run, which saw it reach $386.45 on May 9, 2021.
    </p>
    <h3 id="how-is-the-litecoin-network-secured">
     How Is the Litecoin Network Secured?
    </h3>
    <p>
     As a blockchain-based cryptocurrency, Litecoin is secured by incredibly strong cryptographic defenses — making it practically impossible to crack.
    </p>
    <p>
     Like Bitcoin and several other cryptocurrencies, Litecoin uses the PoW
     <a href="#">
      consensus
     </a>
     algorithm to ensure transactions are confirmed quickly and without errors. The combined strength of the Litecoin mining network prevents double-spends and a range of other attacks, while ensuring the network has 100% uptime.
    </p>
    <h3 id="where-can-you-buy-litecoin-ltc">
     Where Can You Buy Litecoin (LTC)?
    </h3>
    <p>
     Litecoin is one of the few cryptocurrencies with a wide variety of fiat trading pairs, and can be exchanged for U.S. dollars (USD), Korean won (KRW), euros (EUR) and more when you
     <a href="#">
      buy Litecoin
     </a>
     . Some of the most prominent names include
     <a href="#">
      Huobi Global
     </a>
     ,
     <a href="#">
      Binance
     </a>
     ,
     <a href="#">
      Coinbase Pro
     </a>
     ,
     <a href="#">
      OKEx
     </a>
     and
     <a href="#">
      Kraken
     </a>
     .
    </p>
    <p>
     Litecoin is one of the few cryptocurrencies with a wide variety of fiat trading pairs, and can be exchanged for U.S. dollars (USD), Korean won (KRW), euros (EUR) and more.
    </p>
    <p>
     To check Litecoin price live in the fiat currency of your choice, you can use CoinCu’s converter feature directly on the
     <a href="#">
      Litecoin currency page
     </a>
     . Alternatively, use the dedicated exchange rate
     <a href="#">
      converter page
     </a>
     . Popular Litecoin price pairs include:
     <a href="#">
      LTC/

description

<p>Whether LTC succeeds or fails as a&nbsp;<a href="https://news.coincu.com/c/blockchain/" data-type="URL" data-id="https://news.coincu.com/c/blockchain/">cryptocurrency</a>&nbsp;depends on a few factors. The rate of user adoption matters, and, if&nbsp;<strong>more people buy Litecoin either to transfer funds or as a store of value, then its value is likely to increase. <a href="https://news.coincu.com/81546-what-is-litecoin-ltc-litecoin-btc/">Litecoin</a>&rsquo;s availability on several major exchanges is a plus for the coin.</strong></p>
<p>But LTC doesn&rsquo;t receive much media attention, and a cryptocurrency&rsquo;s popularity plays a major role in its ability to gain value over time.&nbsp;Also, governments are still in the process of deciding how to regulate cryptocurrencies, and new regulations can lead to large price shifts for every cryptocurrency, including Litecoin.</p>
<p>With little in the way of competitive advantage, LTC may not be the best choice for investors. If you are interested in owning cryptocurrency as a store of value, then other digital currencies may be better options.</p>
<p>&nbsp;</p>

Verdict

<h2 id="team"><span id="Partners_Investors" class="ez-toc-section"></span><strong>Partners &amp;</strong>&nbsp;<strong>Investors</strong></h2>
<figure class="wp-block-gallery has-nested-images columns-default is-cropped">
<figure class="wp-block-image size-large is-style-default"><a href="https://news.coincu.com/wp-content/uploads/2022/04/Screenshot-2022-04-18-094808.png"><img class="wp-image-81594" title="What is Litecoin (LTC)? Different Between Litecoin &amp; Bitcoin 6" src="https://news.coincu.com/wp-content/uploads/2022/04/Screenshot-2022-04-18-094808.png" sizes="(max-width: 655px) 100vw, 655px" srcset="https://news.coincu.com/wp-content/uploads/2022/04/Screenshot-2022-04-18-094808.png 655w, https://news.coincu.com/wp-content/uploads/2022/04/Screenshot-2022-04-18-094808-300x171.png 300w" alt="LTC" width="655" height="374" loading="lazy" data-id="81594" data-pin-no-hover="true" /></a></figure>
</figure>

Teams and Backers

MediconnectUk (MEDI) is a cryptocurrency launched in 2018. MediconnectUk has a current supply of 500,000,000 with 0 in circulation. The last known price of MediconnectUk is 0.00010142 USD and is down -98.68 over the last 24 hours. It is currently trading on 2 active market(s) with $0.28 traded over the last 24 hours. More information can be found at https://www.mediconnectuk.com/.

<div class="sc-16r8icm-0 kjciSH contentClosed hasShadow">
 <div>
  <p>
   Sàn giao dịch hàng đầu để giao dịch
   
   MediconnectUk
   
   hiện nay là
   
   
   .
   
   
   Bạn có thể tìm thấy các sàn giao dịch khác trên
   
   
   của chúng tôi.
  </p>
  <div>
   <div class="sc-2qtjgt-0 eApVPN">
    <span>
     The MEDI cryptocurrency will bring the transparency that is lacking on online pharmacies. On these online pharmacy platforms, users are powerless; they cannot control the information they consume and have no financial interest in the value they bring to the online pharmacy network as they are not properly rewarded for their input. The MEDI token is required for a number of specific reasons on the MediConnect blockchain solution. Primarily, it will be used to fund transactions associated with the MediConnect platform as blockchain requires POA (proof of authority) and the Medi Token will process  the capability and in addition, the MediConnect token (MEDI) will to provide an instrument of value in the pharmaceutical industry.
    </span>
   </div>
  </div>
 </div>
</div>

<div class="sc-16r8icm-0 kjciSH contentClosed hasShadow">
 <div>
  <div>
   <div class="sc-2qtjgt-0 eApVPN">
    <span>
     The MEDI cryptocurrency will bring the transparency that is lacking on online pharmacies. On these online pharmacy platforms, users are powerless; they cannot control the information they consume and have no financial interest in the value they bring to the online pharmacy network as they are not properly rewarded for their input. The MEDI token is required for a number of specific reasons on the MediConnect blockchain solution. Primarily, it will be used to fund transactions associated with the MediConnect platform as blockchain requires POA (proof of authority) and the Medi Token will process  the capability and in addition, the MediConnect token (MEDI) will to provide an instrument of value in the pharmaceutical industry.
    </span>
   </div>
  </div>
 </div>
</div>

Wanchain (WAN) is a cryptocurrency . Wanchain has a current supply of 192,701,891.18846744. The last known price of Wanchain is 0.38196287 USD and is up 0.40 over the last 24 hours. It is currently trading on 26 active market(s) with $2,610,456.35 traded over the last 24 hours. More information can be found at https://wanchain.org/.

Wanchain

<div class="sc-16r8icm-0 kjciSH contentClosed hasShadow">
 <div>
  <div>
   <div class="sc-2qtjgt-0 eApVPN">
    <div>
     <h2 id="what-is-wanchain-wan">
      What Is Wanchain (WAN)?
     </h2>
     <p>
      Wanchain is a distributed ledger that allows for cross-chain transactions and the interoperability of multiple chains. Although Wanchain facilitates transactions between blockchains, it is also a stand-alone blockchain that runs autonomously. The protocol acts as a
      <a href="#">
       distributed ledger
      </a>
      that processes and maintains records of cross-chain transactions.
     </p>
     <p>
      Transactions on Wanchain do not only occur between different public blockchains but between private chains as well. As an Ethereum (
      <a href="#">
       ETH
      </a>
      ) fork, Wanchain enjoys some of the properties of the Ethereum blockchain. The protocol securely and autonomously processes applications via smart contracts.  The use cases for Wanchain include decentralized exchanges (
      <a href="#">
       DEXs
      </a>
      ), lending and borrowing platforms, stablecoins, crowdfunding, multi-currency payments and settlements.
     </p>
     <p>
      The platform is totally decentralized and requires no custodian party to manage or confirm transactions. Unlike other cross-chain systems, Wanchain does not rely on a third-party platform to authenticate transactions. The locked account mechanism is used to secure and manage accounts on the network, eliminating third-party interferences.
     </p>
     <h3 id="who-are-the-founders-of-wanchain">
      Who Are the Founders of Wanchain?
     </h3>
     <p>
      Wanchain was founded by Jack Lu in 2017 and is headquartered in Beijing, China and Austin, Texas.
     </p>
     <p>
      Jack Lu, the founder and CEO, is an entrepreneur and technical expert with an interest in blockchain. Before Wanchain, he was the co-founder and CTO at Factom in 2014. Lu has also founded Wanglutech, a blockchain protocol focused on data deposit certificates and digital assets.
     </p>
     <p>
      Li Ni, the VP of operations, is a computer scientist with over 15 years of experience in the technology industry. He is also experienced in marketing, business development and sales. He has formerly worked at ZTE, SuperMap Software and Delta Electronics.
     </p>
     <p>
      Weijia Zhang, the VP of Engineering, is an engineer and R&amp;D expert with experience in fields like software modeling, blockchain and cognitive sciences. He was the principal software engineer at DELL for several years. Zhang has over twenty pending and granted tech patents.
     </p>
     <h4 id="what-makes-wanchain-unique">
      What Makes Wanchain Unique?
     </h4>
     <p>
      Wanchain is trying to create a broader market for digital assets by establishing connections between various standalone chains. The platform has been able to develop a series of applications via smart contracts, security systems and its own coin (WAN).
     </p>
     <p>
      Most cross-chain transactions are completed through third-party platforms. Wanchain’s uniqueness lies in its decentralization. The platform employs multi-party computing and threshold secret-sharing technology to manage accounts autonomously.
     </p>
     <p>
      The platform has three major cross-chain functionalities. One of these functionalities is the registration module. It also possesses a cross-chain transaction data transmission module and a transaction status query module. The three components are involved from the start to the end of a connection. Similar projects to Wanchain include Ripple (
      <a href="#">
       XRP
      </a>
      ) and ICON (
      <a href="#">
       ICX
      </a>
      ).
     </p>
     <h4 id="how-many-wanchain-wan-coins-are-there-in-circulation">
      How Many Wanchain (WAN) Coins Are There in Circulation?
     </h4>
     <p>
      The native token of the platform, WAN, is used in payments and on-chain governance. The total amount of tokens sold during the initial coin offering (
      <a href="#">
       ICO
      </a>
      ) was 107,100,000, worth about 120,000 ETH at the time. The maximum supply is 210,000,000 WAN, while the circulating supply is 169,028,581 WAN as of March 2021.
     </p>
     <p>
      39% of the total supply of tokens has been allocated to the founders of the project, 51% to the investors, and 10% to airdrops and rewards. WAN is used for transactions both within the parent chain and across chains.
     </p>
     <h3 id="how-is-wanchain-network-secured">
      How Is Wanchain Network Secured?
     </h3>
     <p>
      WAN is a fork of Ethereum and uses proof-of-stake (
      <a href="#">
       PoS
      </a>
      ). Wainchain issued
      <a href="#">
       ERC-20
      </a>
      WAN tokens to all ICO participants. When the mainnet launched in 2018, the ERC-20 token was adapted to Wanchain’s native chain.
     </p>
     <p>
      The platform’s validation nodes are divided into Vouchers (verify cross-chain transactions), Storemen (manage locked accounts) and Validators (perform regular verifications). Nodes need to stake WAN before they can validate transactions on the network. The locked accounts are created through cryptographic encryption.
     </p>
     <h3 id="where-can-you-wanchain-wan">
      Where Can You Wanchain (WAN)?
     </h3>
     <p>
      WAN tokens can be purchased on exchanges such as:
     </p>
     <ul>
      <li>
       <a href="#">
        Binance
       </a>
      </li>
      <li>
       <a href="#">
        KuCoin
       </a>
      </li>
      <li>
       <a href="#">
        Huobi Global
       </a>
      </li>
     </ul>
     <p>
      Validators can also earn WAN as a reward for validating transactions.
     </p>
     <p>
      Read our
      <a href="#">
       comprehensive guide
      </a>
      to learn more about buying Bitcoin (
      <a href="#">
       BTC
      </a>
      ) and other cryptocurrencies.
     </p>
    </div>
   </div>
  </div>
 </div>
</div>

<h2 id="team-founders"><strong>Team/ Founders</strong></h2>
<div class="wp-container-7 wp-block-group">
<div class="wp-block-group__inner-container"><img src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/image1657901372589.image" /></div>
<div class="wp-block-group__inner-container">
<h2 id="partners"><strong>Partners</strong></h2>
<p><strong><img src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/image1657901367677.image" /></strong></p>
</div>
</div>

Team and Backers

<p>Wanchain has its own mainnet, the product that works to exchange one cryptocurrency for another, and a community of thousands of people. The project is actively developing and trying to adapt to market trends. Of course, all of this makes investing in WANs a long-term prospect.</p>

<h2 id="key-metrics"><strong>Key metrics&nbsp;</strong></h2>
<ul>
<li>Ticker: WAN</li>
<li>Blockchain: Wanchain</li>
<li>Total Supply: 210,000,000&nbsp; WAN</li>
<li>Circulating Supply :106,152,493 WAN ~50.55% tổng cung (12/08/2019).</li>
</ul>
<h2 id="token-allocation"><span id="Token_allocation" class="ez-toc-section"></span><strong>Token allocation</strong></h2>
<p><strong><img src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/image1657901063442.image" /></strong></p>
<h2 id="token-use-case"><strong>Token use case</strong></h2>
<p>Wanchain has a WAN token that makes payments or pays transaction fees in all cases exchanging one cryptocurrency for another.</p>

<h2 id="what-is-wanchain">What is Wanchain?</h2>
<p>Wanchain is both a sustainable Layer 1 PoS blockchain and a decentralised blockchain interoperability solution. The Wanchain Layer 1 PoS blockchain is a full Ethereum-like environment that works with industry standard Ethereum tools, DAPPs and protocols. Wanchain uses a Proof of Stake consensus algorithm called Galaxy Consensus that leverages a variety of cryptographic schemes including distributed secret sharing and threshold signatures to improve random number generation and block production mechanisms. Galaxy Consensus, developed by world-class researchers and academics, is a continuation of Cardano&rsquo;s Ouroboros.</p>
<p>Wanchain bridges are decentralised, direct, non-custodial bridges that connect both EVM and non-EVM networks without requiring any centralised intermediaries. These bridges use a combination of Secure Multiparty Computation (sMPC) and Shamir&rsquo;s Secret Sharing to secure crosschain assets. Currently, more than 15 Layer 1 and Layer 2 networks are connected by Wanchain&rsquo;s wide area network of blockchains.</p>
<h2 id="what-problem-is-wanchain-solving">What problem is Wanchain solving?</h2>
<p>Today&rsquo;s blockchains are trying to create something new, but too many are simply repeating the mistakes of the past. Each blockchain &mdash; or in some cases, a cluster of blockchains &mdash; exists as a siloed, isolated networks that doesn&rsquo;t feel connected to Web3 or the future. Wanchain believes that the point of Web3 is to make peer-to-peer interactions the essence of a networked society. And we believe that the point of a networked society is to enable the trustless and permissionless exchange of information.</p>
<p>Read Full Article: <a href="https://coincu.com/currencies/wan-wanchain/stories/">CLICK HERE</a></p>

LATEST_NEWS

PRODUCTS

COMPANY

SUPPORT

SOCIALS

CRYPTO_NEWS

MARKET_NEWS