Wanchain is attempting to expand the market for digital assets by connecting various standalone chains. Through smart contracts, security systems, and its own coin, the platform has been able to develop a number of applications (WAN).
The majority of cross-chain transactions are carried out via third-party platforms. The decentralization of Wanchain is what distinguishes it. To manage accounts autonomously, the platform employs multi-party computing and threshold secret-sharing technology.
Three major cross-chain functionalities are available on the platform. The registration module is one of these features. A cross-chain transaction data transmission module and a transaction status query module are also included. From the beginning to the end of a connection, the three components are involved. Ripple (XRP) and ICON are two projects that are similar to Wanchain (ICX).
The platform is completely decentralized, and no custodian party is required to manage or confirm transactions. Wanchain, unlike other cross-chain systems, does not use a third-party platform to authenticate transactions. The locked account mechanism is used to secure and manage network accounts while preventing third-party interference.
WanChain (WAN) price equal to $1.85 USD at 2021-30-04 here’s a price prediction on WanChain (WAN)
Furthermore, By the end of 2021 we believe the price of WanChain (WAN) will be around $3.47 - $8.13 USD.