What Is Wanchain (WAN)?
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 distributed ledger that processes and maintains records of cross-chain transactions.
Transactions on Wanchain do not only occur between different public blockchains but between private chains as well. As an Ethereum (ETH) 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 (DEXs), lending and borrowing platforms, stablecoins, crowdfunding, multi-currency payments and settlements.
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.
Who Are the Founders of Wanchain?
Wanchain was founded by Jack Lu in 2017 and is headquartered in Beijing, China and Austin, Texas.
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.
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.
Weijia Zhang, the VP of Engineering, is an engineer and R&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.
Wanchain Price Prediction
If you’re looking for Wanchain price predictions for 2022, 2023, 2024, 2025, 2030 and want to know where the prices of Wanchain (WAN) will go in the future? We will analyze the past prices of Wanchain (WAN) and will found out what experts are saying about its future price actions.
Please keep that in mind you need to take this prediction and every other prediction with the intention that this is only the suggestion of some market expert/analysts.
Not to mention predicting something so perfect is completely impossible. But we will try our best. Let’s start.
|Year||Minimum Price||Average Price||Maximum Price|
|USD Price||$ 0.43|
|24h Volume||$ 2,503,673|
Wanchain (WAN) Price Prediction
At reconshell.com we predict future Wanchain price predictions/WAN forecast by applying deep artificial intelligence-assisted technical Analysis on the past price data of Wanchain. We do our best to collect maximum historical data for the WAN coin which include multiple parameters like past price, Wanchain marketcap, Wanchain volume and few more. If you are looking to invest in digital cryptocurrencies and want good return on your investments, make sure to read our predictions.
Wanchain Price Prediction 2022
According to our deep technical analysis on past price data of WAN, In 2022 the price of Wanchain is predicted to reach at a minimum level of $0.61. The WAN price can reach a maximum level of $0.72 with the average trading price of $0.63.
Wanchain Price Prediction 2023
The price of Wanchain is predicted to reach at a minimum level of $0.88 in 2023. The Wanchain price can reach a maximum level of $1.07 with the average price of $0.91 throughout 2023.
WAN Price Forecast for 2024-2025
As per the forecast price and technical analysis, In 2024 the price of Wanchain is predicted to reach at a minimum level of $1.30. The WAN price can reach a maximum level of $1.56 with the average trading price of $1.35.
The price of 1 Wanchain is expected to reach at a minimum level of $1.95 in 2025. The WAN price can reach a maximum level of $2.30 with the average price of $2.02 throughout 2025.
Wanchain Price Prediction 2026
Wanchain price is forecast to reach a lowest possible level of $2.83 in 2026. As per our findings, the WAN price could reach a maximum possible level of $3.37 with the average forecast price of $2.93.
Wanchain Price Prediction 2027
According to our deep technical analysis on past price data of WAN, In 2027 the price of Wanchain is forecasted to be at around a minimum value of $4.15. The Wanchain price value can reach a maximum of $4.92 with the average trading value of $4.30 in USD.
Wanchain (WAN) Price Prediction 2028
The price of Wanchain is predicted to reach at a minimum value of $6.22 in 2028. The Wanchain price could reach a maximum value of $7.21 with the average trading price of $6.43 throughout 2028.
Wanchain Price Prediction/Forecast 2029
As per the forecast and technical analysis, In 2029 the price of Wanchain is expected to reach at a minimum price value of $8.73. The WAN price can reach a maximum price value of $10.73 with the average value of $8.99.
Wanchain (WAN) Price Prediction 2030
The price of Wanchain is predicted to reach at a minimum value of $12.61 in 2030. The Wanchain price could reach a maximum value of $14.96 with the average trading price of $13.06 throughout 2030.
Wanchain Price Prediction 2031
Wanchain price is forecast to reach a lowest possible level of $18.51 in 2031. As per our findings, the WAN price could reach a maximum possible level of $21.89 with the average forecast price of $19.17.
What Makes Wanchain Unique?
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).
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.
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 (XRP) and ICON (ICX).
How Many Wanchain (WAN) Coins Are There in Circulation?
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 (ICO) 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.
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.
How Is Wanchain Network Secured?
WAN is a fork of Ethereum and uses proof-of-stake (PoS). Wainchain issued ERC-20 WAN tokens to all ICO participants. When the mainnet launched in 2018, the ERC-20 token was adapted to Wanchain’s native chain.
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.
Where Can You Wanchain (WAN)?
WAN tokens can be purchased on exchanges such as:
- Huobi Global