{"id":5647,"date":"2018-11-29T09:35:53","date_gmt":"2018-11-29T17:35:53","guid":{"rendered":"https:\/\/coincentral.com\/?p=5647"},"modified":"2021-09-29T18:08:16","modified_gmt":"2021-09-29T22:08:16","slug":"wanchain-beginner-guide","status":"publish","type":"post","link":"https:\/\/coincentral.com\/wanchain-beginner-guide\/","title":{"rendered":"What Is Wanchain (WAN)? | An All-Encompassing Guide"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Wanchain is creating a new financial market of digital assets by implementing cross-chain transfers across different blockchains. With the number of various coins, tokens, and blockchains currently in the ecosystem, there\u2019s not currently an efficient, decentralized way to exchange value between them. As an independent blockchain, Wanchain connects the accounts of independent chains to provide a framework to exchange these assets.<\/span><\/p>\n<p><script type=\"text\/javascript\" src=\"https:\/\/files.coinmarketcap.com\/static\/widget\/currency.js\"><\/script><\/p>\n<div class=\"coinmarketcap-currency-widget\" data-currencyid=\"2606\" data-base=\"USD\" data-secondary=\"\" data-ticker=\"true\" data-rank=\"true\" data-marketcap=\"true\" data-volume=\"true\" data-stats=\"USD\" data-statsticker=\"false\">\u00a0<\/div>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/wanchain.org\/\" target=\"_blank\" rel=\"nofollow noopener\">The platform<\/a> isn\u2019t just for currency transfers, though. Through smart contracts, privacy protection protocols, and the native Wancoin (WAN) token, among other things, you can use Wanchain to build a myriad of financial applications.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In this Wanchain guide, we\u2019re going to outline:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"#how-does-wanchain-work\"><span style=\"font-weight: 400;\">How Does Wanchain Work?<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"#wanchain-team-progress\"><span style=\"font-weight: 400;\">Wanchain Team &amp; Progress<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"#trading\"><span style=\"font-weight: 400;\">Trading <\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"#where-to-buy-wan\"><span style=\"font-weight: 400;\">Where to Buy WAN<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"#where-to-store-wan\"><span style=\"font-weight: 400;\">Where to Store WAN<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"#conclusion\"><span style=\"font-weight: 400;\">Conclusion<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"#additional-wanchain-resources\"><span style=\"font-weight: 400;\">Additional Wanchain Resources<\/span><\/a><\/li>\n<\/ul>\n<h2 id=\"how-does-wanchain-work\"><span style=\"font-weight: 400;\">How Does Wanchain Work?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Although forked from <a href=\"https:\/\/coincentral.com\/what-is-ethereum\/\" target=\"_blank\" rel=\"noopener\">Ethereum<\/a>, Wanchain is a completely separate blockchain, and its\u00a0<strong>Wancoin (WAN) is not an ERC20 token<\/strong>. There are a lot of parts to the platform, but the cross-chain communication protocol is the backbone behind it all.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Cross-Chain Communication Protocol<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The cross-chain communication protocol provides a way to transfer data between Wanchain and other chains. The protocol has three functional modules:<\/span><\/p>\n<ul>\n<li><b>Registration module: <span style=\"font-weight: 400;\">Registers the chain that a transaction originates from as well as the asset that\u2019s being transferred<\/span><\/b><\/li>\n<li><strong>Cross-chain transaction data transmission module<\/strong>: <span style=\"font-weight: 400;\">Initiates the cross-chain transaction request to Wanchain, acknowledges whether the validator node returns success or not, and facilitates the legal transaction from the validator node to the original chain<\/span><\/li>\n<li><strong>Transaction status query module<\/strong>: <span style=\"font-weight: 400;\">Monitors the status of the transaction<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">In essence, the cross-chain communication protocol utilizes smart contracts to enable you to exchange assets to Wanchain and vice versa.<\/span><\/p>\n<figure id=\"attachment_5665\" aria-describedby=\"caption-attachment-5665\" style=\"width: 636px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-5665 size-full\" src=\"https:\/\/coincentral.com\/wp-content\/uploads\/2018\/01\/Screenshot-2018-01-29-16.42.47-e1543513568248.png\" alt=\"Wanchain Cross-Chain Transaction Example\" width=\"636\" height=\"400\" srcset=\"https:\/\/coincentral.com\/wp-content\/uploads\/2018\/01\/Screenshot-2018-01-29-16.42.47-e1543513568248.png 636w, https:\/\/coincentral.com\/wp-content\/uploads\/2018\/01\/Screenshot-2018-01-29-16.42.47-e1543513568248-591x372.png 591w, https:\/\/coincentral.com\/wp-content\/uploads\/2018\/01\/Screenshot-2018-01-29-16.42.47-e1543513568248-621x391.png 621w, https:\/\/coincentral.com\/wp-content\/uploads\/2018\/01\/Screenshot-2018-01-29-16.42.47-e1543513568248-572x360.png 572w, https:\/\/coincentral.com\/wp-content\/uploads\/2018\/01\/Screenshot-2018-01-29-16.42.47-e1543513568248-300x189.png 300w, https:\/\/coincentral.com\/wp-content\/uploads\/2018\/01\/Screenshot-2018-01-29-16.42.47-e1543513568248-320x200.png 320w, https:\/\/coincentral.com\/wp-content\/uploads\/2018\/01\/Screenshot-2018-01-29-16.42.47-e1543513568248-600x377.png 600w, https:\/\/coincentral.com\/wp-content\/uploads\/2018\/01\/Screenshot-2018-01-29-16.42.47-e1543513568248-610x384.png 610w\" sizes=\"(max-width: 636px) 100vw, 636px\" \/><figcaption id=\"caption-attachment-5665\" class=\"wp-caption-text\">Wanchain Cross-Chain Transaction Example<\/figcaption><\/figure>\n<h3><span style=\"font-weight: 400;\">Verification Node Consensus Algorithm<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Wanchain will follow Ethereum in its move to a Proof-of-Stake (PoS) consensus algorithm. The platform will likely implement solutions like <a href=\"https:\/\/coincentral.com\/why-plasma-is-relevant-for-ethereum\/\" target=\"_blank\" rel=\"noopener\">Plasma<\/a> and the <a href=\"https:\/\/coincentral.com\/what-is-raiden-network-token-a-beginners-guide\/\" target=\"_blank\" rel=\"noopener\">Raiden Network<\/a> as well. Building on PoS, there are three types of verification nodes that maintain the overall network and split transaction fees:<\/span><\/p>\n<ul>\n<li><b>Vouchers: <span style=\"font-weight: 400;\">cross-chain transaction proof nodes<\/span><\/b><\/li>\n<li><strong>Validators<\/strong>: <span style=\"font-weight: 400;\">general verification nodes<\/span><\/li>\n<li><strong>Storemen<\/strong>: <span style=\"font-weight: 400;\">locked account management nodes<\/span><\/li>\n<\/ul>\n<p><b>Vouchers<\/b><span style=\"font-weight: 400;\"> receive a security deposit from the transaction fee. In return, they provide proof of the transaction between the original account and the Wanchain locked account. If this proof is false, the security deposit is taken from the holding account, and the Voucher will no longer be able to authorize transactions.<\/span><\/p>\n<p><b>Validators <\/b><span style=\"font-weight: 400;\">record the transactional data on Wanchain&#8217;s blockchain in exchange for a portion of the transaction fee.<\/span><\/p>\n<p><b>Storemen <\/b><span style=\"font-weight: 400;\">must stay online and maintain their own key shares (more on this below) to receive their portion of the fee.<\/span><\/p>\n<figure id=\"attachment_5666\" aria-describedby=\"caption-attachment-5666\" style=\"width: 632px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-5666 size-full\" src=\"https:\/\/coincentral.com\/wp-content\/uploads\/2018\/01\/Screenshot-2018-01-29-16.44.32.png\" alt=\"Wanchain node types\" width=\"632\" height=\"476\" srcset=\"https:\/\/coincentral.com\/wp-content\/uploads\/2018\/01\/Screenshot-2018-01-29-16.44.32.png 632w, https:\/\/coincentral.com\/wp-content\/uploads\/2018\/01\/Screenshot-2018-01-29-16.44.32-591x445.png 591w, https:\/\/coincentral.com\/wp-content\/uploads\/2018\/01\/Screenshot-2018-01-29-16.44.32-621x468.png 621w, https:\/\/coincentral.com\/wp-content\/uploads\/2018\/01\/Screenshot-2018-01-29-16.44.32-300x226.png 300w, https:\/\/coincentral.com\/wp-content\/uploads\/2018\/01\/Screenshot-2018-01-29-16.44.32-597x450.png 597w, https:\/\/coincentral.com\/wp-content\/uploads\/2018\/01\/Screenshot-2018-01-29-16.44.32-600x452.png 600w\" sizes=\"(max-width: 632px) 100vw, 632px\" \/><figcaption id=\"caption-attachment-5666\" class=\"wp-caption-text\">Wanchain Node Architecture<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">If you don\u2019t hold enough WAN to run a verification node, you can still operate a <\/span><b>general node<\/b><span style=\"font-weight: 400;\">. As a general node, you don\u2019t directly validate transactions. Instead, you entrust your stake to a verification node who, in turn, distributes a portion of the transaction fees back to you.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Locked Account Generation Scheme<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Wanchain uses the <a href=\"https:\/\/wanchain.org\/files\/Wanchain-Yellowpaper-EN-version.pdf\" target=\"_blank\" rel=\"nofollow noopener\">Locked Account Generation Scheme<\/a> to secure funds and keys when there are multiple parties involved. Based on <a href=\"https:\/\/cs.jhu.edu\/~sdoshi\/crypto\/papers\/shamirturing.pdf\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Shamir\u2019s Secret Sharing Scheme<\/strong><\/a>, it effectively breaks up a key into shares and distributes it to all included participants.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Storemen are responsible for maintaining and managing the appropriate key shares of the locked accounts for transactions.<\/span><\/p>\n<figure id=\"attachment_5667\" aria-describedby=\"caption-attachment-5667\" style=\"width: 614px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-5667 size-full\" src=\"https:\/\/coincentral.com\/wp-content\/uploads\/2018\/01\/Screenshot-2018-01-29-16.46.11.png\" alt=\"Locked account key share diagram\" width=\"614\" height=\"270\" srcset=\"https:\/\/coincentral.com\/wp-content\/uploads\/2018\/01\/Screenshot-2018-01-29-16.46.11.png 614w, https:\/\/coincentral.com\/wp-content\/uploads\/2018\/01\/Screenshot-2018-01-29-16.46.11-591x260.png 591w, https:\/\/coincentral.com\/wp-content\/uploads\/2018\/01\/Screenshot-2018-01-29-16.46.11-300x132.png 300w, https:\/\/coincentral.com\/wp-content\/uploads\/2018\/01\/Screenshot-2018-01-29-16.46.11-600x264.png 600w\" sizes=\"(max-width: 614px) 100vw, 614px\" \/><figcaption id=\"caption-attachment-5667\" class=\"wp-caption-text\">Locked Account Key Share Diagram<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">This method of key share distribution has a few benefits. Because Wanchain generates locked accounts through multi-party computations, there&#8217;s increased decentralization. And there&#8217;s more stability because you don\u2019t need every key share to produce a signature for a locked account. If some of the Validators are offline, transactions can still be executed with a minimum number of shares.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Finally, any transaction with a locked account is done via the original chain. This means that any chain can easily integrate and interact with Wanchain without the need for new transaction types or validators.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Smart Contract Token Transaction Anonymity<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Wanchain is one of the first blockchain projects to include <a href=\"https:\/\/wanchain.org\/files\/Wanchain-Whitepaper-EN-version.pdf\" target=\"_blank\" rel=\"nofollow noopener\">privacy within smart contracts<\/a>. The platform uses <strong>ring signatures<\/strong> and <strong>one-time address generation<\/strong> to provide you with anonymity in your transactions. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">In a ring signature, your signature as a sender is mixed with other fake accounts. This mixture makes it difficult to trace you as the actual sender. On top of that, Wanchain generates a new address for each transaction, so detecting transaction patterns is near impossible.<\/span><\/p>\n<figure id=\"attachment_5668\" aria-describedby=\"caption-attachment-5668\" style=\"width: 515px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-5668 size-full\" src=\"https:\/\/coincentral.com\/wp-content\/uploads\/2018\/01\/Screenshot-2018-01-29-16.47.19-e1543514014711.png\" alt=\"Wanchain ring signatures\" width=\"515\" height=\"226\" srcset=\"https:\/\/coincentral.com\/wp-content\/uploads\/2018\/01\/Screenshot-2018-01-29-16.47.19-e1543514014711.png 515w, https:\/\/coincentral.com\/wp-content\/uploads\/2018\/01\/Screenshot-2018-01-29-16.47.19-e1543514014711-300x132.png 300w\" sizes=\"(max-width: 515px) 100vw, 515px\" \/><figcaption id=\"caption-attachment-5668\" class=\"wp-caption-text\">Wanchain Ring Signature Diagram<\/figcaption><\/figure>\n<h3><span style=\"font-weight: 400;\">Wancoin (WAN)<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Wancoin (WAN) is Wanchain\u2019s native token. Transactions consume a certain amount of WAN, and you need to pay WAN security deposits to the cross-chain verification nodes when making transactions. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The team sold 107.1 million tokens during their ICO to raise a little over 120,000 ETH. <strong>These tokens comprise 51% of the supply<\/strong>. The team is using the ICO funds in the following way:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">60 percent: Research and development<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">10 percent: Community development<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">10 percent: Marketing<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">10 percent: Infrastructure<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">10 percent: Daily operations<\/span><\/li>\n<\/ul>\n<h2 id=\"wanchain-team-progress\"><span style=\"font-weight: 400;\">Wanchain Team &amp; Progress<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The Wanchain Foundation is a <a href=\"https:\/\/wanchain.org\/about\" target=\"_blank\" rel=\"nofollow noopener\">non-profit organization<\/a> primarily operating out of Singapore but also has a significant presence in Austin, Texas.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Wanchain was founded by <a href=\"https:\/\/www.linkedin.com\/in\/jack-lu-57995469\/\" target=\"_blank\" rel=\"nofollow noopener\">Jack Lu<\/a>, a respected player in the blockchain space. Before his current role, Lu co-founded <a href=\"https:\/\/coincentral.com\/factom-beginner-guide\/\" target=\"_blank\" rel=\"noopener\">Factom<\/a> and started Wanglu Tech, a blockchain application development company. Wanglu Tech has been a primary contributor to the open-source Wanchain project.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/coincentral.com\/dustin-byington-wanchain-interview\/\" target=\"_blank\" rel=\"nofollow noopener\">Dustin Byington<\/a>\u00a0previously served as the Wanchain President. Byington is a blockchain veteran having founded Bitcoin College in 2014 as well as co-founding Tendermint, a software mechanism to securely and consistently replicate applications across machines. Byington also co-founded Satoshi Talent, a platform to connect blockchain entrepreneurs with developers.<\/span><\/p>\n<p>In May 2018, Byington left the Wanchain Foundation to start TWO12. There isn&#8217;t too much information available about the new company. However, it seems as if it revolves around security tokens and will be part of the Wanchain ecosystem.<\/p>\n<figure id=\"attachment_5671\" aria-describedby=\"caption-attachment-5671\" style=\"width: 1189px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-5671 size-full\" src=\"https:\/\/coincentral.com\/wp-content\/uploads\/2018\/01\/Screenshot-2018-01-29-17.00.32.png\" alt=\"Wanchain roadmap\" width=\"1189\" height=\"460\" srcset=\"https:\/\/coincentral.com\/wp-content\/uploads\/2018\/01\/Screenshot-2018-01-29-17.00.32.png 1189w, https:\/\/coincentral.com\/wp-content\/uploads\/2018\/01\/Screenshot-2018-01-29-17.00.32-591x229.png 591w, https:\/\/coincentral.com\/wp-content\/uploads\/2018\/01\/Screenshot-2018-01-29-17.00.32-621x240.png 621w, https:\/\/coincentral.com\/wp-content\/uploads\/2018\/01\/Screenshot-2018-01-29-17.00.32-300x116.png 300w, https:\/\/coincentral.com\/wp-content\/uploads\/2018\/01\/Screenshot-2018-01-29-17.00.32-768x297.png 768w, https:\/\/coincentral.com\/wp-content\/uploads\/2018\/01\/Screenshot-2018-01-29-17.00.32-874x338.png 874w, https:\/\/coincentral.com\/wp-content\/uploads\/2018\/01\/Screenshot-2018-01-29-17.00.32-600x232.png 600w\" sizes=\"(max-width: 1189px) 100vw, 1189px\" \/><figcaption id=\"caption-attachment-5671\" class=\"wp-caption-text\">Wanchain Roadmap<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">The Wanchain team launched their main net in January 2018. In July 2018, they released Wanchain 2.0. This release most notably included interoperability with Ethereum. The next major milestone on Wanchain&#8217;s roadmap is version 3.0, providing interoperability with Bitcoin. Then after that, 4.0, with integration to private chains.<\/span><\/p>\n<p>In July 2017, the Wanchain Foundation announced <a href=\"https:\/\/medium.com\/wanchain-foundation\/introduction-to-wanlabs-wanchains-blockchain-startup-accelerator-965a29c16887\" target=\"_blank\" rel=\"noopener\">WanLabs<\/a>, a blockchain accelerator. At least six projects joined the accelerator, but there haven&#8217;t been any significant updates since the initial announcement, and the WanLabs website is no longer available.<\/p>\n<h3><span style=\"font-weight: 400;\">Competition\u00a0<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Because Wanchain is addressing the entire financial market, there are quite a few other projects that you can consider to be competitors. <a href=\"https:\/\/coincentral.com\/what-is-ripple-xrp\/\" target=\"_blank\" rel=\"noopener\">Ripple<\/a> and <a href=\"https:\/\/coincentral.com\/what-is-stellar-lumens-a-beginners-guide\/\" target=\"_blank\" rel=\"noopener\">Stellar<\/a>, with their heavy involvement with financial institutions, may be the most comparable to the project.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/coincentral.com\/what-is-ark\/\" target=\"_blank\" rel=\"noopener\">Ark<\/a> and its coinciding Smart Bridges are also working to connect the blockchains of different digital assets. <a href=\"https:\/\/coincentral.com\/what-is-icon-icx\/\" target=\"_blank\" rel=\"noopener\">ICON<\/a> is focusing on interoperability as well. And because you\u2019re able to build decentralized applications using Wanchain, Ethereum could even be considered a competitor.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Wanchain is unique in that it combines the functionality of many other major projects to create an entire financial ecosystem. It\u2019s also one of just a few projects to use ring-signatures and one-time addresses to provide anonymous smart contracts. <a href=\"https:\/\/coincentral.com\/enigma-beginners-guide\/\" target=\"_blank\" rel=\"noopener\">Enigma<\/a> is one of the few others.<\/span><\/p>\n<h2 id=\"trading\"><span style=\"font-weight: 400;\">Trading<\/span><\/h2>\n<p>The WAN price chart paints an exemplery picture of the 2018 altcoin market. The coin had a positive, shortlived run in April 2018 when it first became available for trading. This rise to an all-time high of just under $10.00 (~0.00102 BTC) lasted until the beginning of May. Since then, however, the price has continued to fall and currently on a floor of about $0.45 (~0.000106 BTC)<\/p>\n<p>The WAN price experienced a brief 40 percent gain in July coinciding with the release of Wanchain 2.0. However, zooming out reveals this gain (and subsequent loss) to be just a blip on the chart.<\/p>\n<p><script type=\"text\/javascript\">\nbaseUrl = \"https:\/\/widgets.cryptocompare.com\/\";\nvar scripts = document.getElementsByTagName(\"script\");\nvar embedder = scripts[ scripts.length - 1 ];\n(function (){\nvar appName = encodeURIComponent(window.location.hostname);\nif(appName==\"\"){appName=\"local\";}\nvar s = document.createElement(\"script\");\ns.type = \"text\/javascript\";\ns.async = true;\nvar theUrl = baseUrl+'serve\/v3\/coin\/chart?fsym=WAN&tsyms=USD,EUR,CNY,GBP';\ns.src = theUrl + ( theUrl.indexOf(\"?\") >= 0 ? \"&\" : \"?\") + \"app=\" + appName;\nembedder.parentNode.appendChild(s);\n})();\n<\/script><\/p>\n<p>Similar to other smaller cap altcoins, the WAN price is seemingly at the mercy of the overall market. Growth of the Wanchain ecosystem should, of course, help the price as well as the completition of roadmap milestones.<\/p>\n<h2 id=\"where-to-buy-wan\"><span style=\"font-weight: 400;\">Where to Buy WAN<\/span><\/h2>\n<p><a href=\"https:\/\/coincentral.com\/binance-review\/\" target=\"_blank\" rel=\"noopener\">Binance<\/a> supports WAN as a trading pair with Bitcoin and Ethereum. You can also purchase WAN on Bitrue with XRP.<\/p>\n<p>If you&#8217;re having trouble getting started, check out <a href=\"https:\/\/coincentral.com\/how-to-buy-bitcoin\/\" target=\"_blank\" rel=\"noopener\">our guide<\/a> on how and where to buy Bitcoin.<\/p>\n<p>[thrive_leads id=\u20185219\u2019]<\/p>\n<h2 id=\"where-to-store-wan\"><span style=\"font-weight: 400;\">Where to Store WAN<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">You should store your WAN in the Wanchain provided <a href=\"https:\/\/wanchain.org\/product\" target=\"_blank\" rel=\"nofollow noopener\">wallet<\/a>. It\u2019s available on Windows, Mac, and Linux operating systems. Although it only holds WAN and ETH now, it&#8217;ll soon support multiple additional currencies.<\/span><\/p>\n<p>Additionally, you can (and should) use the Wanchain wallet in combination with <a href=\"https:\/\/coincentral.com\/trezor-wallet-review\/\" target=\"_blank\" rel=\"noopener\">Trezor<\/a> or <a href=\"https:\/\/coincentral.com\/ledger-nano-s-wallet-review\/\" target=\"_blank\" rel=\"noopener\">Ledger<\/a> hardware wallets.<\/p>\n<h2 id=\"conclusion\"><span style=\"font-weight: 400;\">Conclusion<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Wanchain is aiming to decentralize the financial industry through private, cross-chain smart contracts. With this technology, businesses can create blockchain applications for:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Borrowing and lending<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Payments and settlements<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Transactions and exchanges<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Investment and financing<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Plus, a handful of other financial services.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Although this is a challenging project, the team has a track record that should give investors confidence that they can pull it off. With the main net V2 already in production, Wanchain is ahead of the majority of other blockchain projects. Only time will tell, though, if Wanchain will become the new standard for financial applications moving forward.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">Editor\u2019s Note: This article was updated by <a href=\"https:\/\/coincentral.com\/author\/stevenbuchko\" target=\"_blank\" rel=\"noopener\">Steven Buchko<\/a> on 11.29.18 to reflect the recent changes of the project.<\/span><\/i><\/p>\n<h2 id=\"additional-wanchain-resources\"><span style=\"font-weight: 400;\">Additional Wanchain Resources<\/span><\/h2>\n<p><a href=\"https:\/\/wanchain.org\/\" target=\"_blank\" rel=\"noopener\">Website<\/a><\/p>\n<p><a href=\"https:\/\/t.me\/WanchainANN\" target=\"_blank\" rel=\"nofollow noopener\">Telegram<\/a><\/p>\n<p><a href=\"https:\/\/www.reddit.com\/r\/wanchain\/\" target=\"_blank\" rel=\"nofollow noopener\">Reddit<\/a><\/p>\n<p><a href=\"https:\/\/twitter.com\/wanchain_org\" target=\"_blank\" rel=\"nofollow noopener\">Twitter<\/a><\/p>\n<p><a href=\"https:\/\/github.com\/wanchain\" target=\"_blank\" rel=\"nofollow noopener\">Github<\/a><\/p>\n<p><a href=\"https:\/\/discord.gg\/3DpeV6W\" target=\"_blank\" rel=\"noopener\">Discord<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Learn more about how this new platform is decentralizing multiple facets of the entire financial services industry.<\/p>\n","protected":false},"author":18,"featured_media":5672,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"iawp_total_views":37,"footnotes":""},"categories":[5712],"tags":[5783,21576,20320,5836,21575,5856],"class_list":{"0":"post-5647","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-guides","8":"tag-fin-tech","9":"tag-interoperability","10":"tag-privacy","11":"tag-smart-contracts","12":"tag-wan","13":"tag-wanchain"},"wppr_data":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What Is Wanchain (WAN)? | An All-Encompassing Guide<\/title>\n<meta name=\"description\" content=\"What is Wanchain (WAN)? 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