Wanchain update: WAN Live price, price chart, news and markets

Introduction to Wanchain

Wanchain is a groundbreaking blockchain platform and decentralized interoperability solution. With its Layer 1 Proof of Stake (PoS) infrastructure, Wanchain offers a complete Ethereum-compatible environment that seamlessly integrates with popular Ethereum tools, DAPPs, and protocols. One of Wanchain's key features is Galaxy Consensus, a PoS consensus algorithm that leverages advanced cryptographic techniques to enhance the generation of random numbers and block production mechanisms. Developed by top-notch researchers and academics, Galaxy Consensus is an evolution of Cardano's Ouroboros.

Wanchain introduces decentralized and non-custodial bridges, known as Wanchain bridges, to connect various EVM and non-EVM networks without relying on centralized intermediaries. These bridges utilize Secure Multiparty Computation (sMPC) and Shamir's Secret Sharing to ensure the security of crosschain assets. Currently, Wanchain's extensive network of interconnected blockchains spans over 15 Layer 1 and Layer 2 networks.

The Solution Offered by Wanchain

Wanchain tackles the issue of isolated and fragmented blockchains prevalent in today's landscape. As many blockchain projects strive for innovation, they often repeat past mistakes. Wanchain firmly believes in prioritizing peer-to-peer interactions in the Web3 era and aims to foster a connected society that enables trustless and permissionless information exchange.