Wanchain

WanBridge serves as Wanchain’s decentralised, direct, and non-custodial bridge for transferring value. It operates as a system of smart contracts capable of locking, minting, burning, and unlocking both fungible tokens and NFTs across EVM and non-EVM networks. This process functions without the need for centralised intervention or intermediary blockchains. The Wanchain Bridge Node Group is responsible for executing and securing these cross-chain transactions.

XFlows serves as Wanchain’s primary platform for cross-chain swaps. It facilitates decentralised exchanges of native assets between various EVM and non-EVM blockchains. The system automatically chooses from different routing options to guarantee users receive the most favourable rates available.

XPort is Wanchain’s protocol for cross-chain data transfer, allowing arbitrary data to move between blockchains. It consists of two main parts: a secure off-chain relayer and basic on-chain smart contracts known as Cross-Chain Gateways that handle data transmission.

The off-chain relayer uses the same Bridge Node Group that secures cross-chain transactions on the Wanchain Bridge. These permissionless nodes are rotated and re-elected monthly. They utilize Multiparty Computation and Shamir’s Secret Sharing cryptography to send messages and arbitrary data across chains.

Cross-Chain Gateways are smart contracts deployed on each supported blockchain. They have limited capabilities, functioning essentially only to send and receive data, and act as the contact point for all 3rd party developers.

Significantly, XPort is designed to align with the Enterprise Ethereum Alliance’s Distributed Ledger Technology Interoperability Specification, which was co-authored by Wanchain’s VP on Engineering Dr. Weijia Zhang.

XStake serves as Wanchain’s web-based interface for staking, offering various opportunities that support the network’s infrastructure. Through this platform, users can contribute to the security of the Wanchain Layer 1 blockchain by delegating WAN to Validator Nodes involved in Galaxy Consensus. This approach aims to foster broader participation, resulting in a more democratic and resilient Layer 1 network. Additionally, users may back Wanchain’s cross-chain capabilities by delegating WAN to Bridge Nodes. Both methods provide daily rewards while enhancing the overall strength and security of the Wanchain ecosystem.

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WAN serves as the native token for the Wanchain L1 Blockchain. It facilitates standard transfers and smart contract execution on this layer, with a small quantity of WAN destroyed during each transaction. The total maximum supply is capped at 210,000,000 coins.

Beyond basic L1 operations, WAN provides several other utilities:

• Staking WAN allows for the deployment of Wanchain PoS Validator Nodes
• Users can delegate WAN to current Wanchain PoS Validator Nodes
• Staking WAN enables the setup of Wanchain Bridge Nodes
• WAN can be delegated to existing Wanchain Bridge Nodes
• Holders may use WAN to submit and vote on Community Treasury proposals

Furthermore, possessing or staking WAN offers reduced fees for cross-chain transfers. Through Wanchain’s Convert n' Burn mechanism, fees from all cross-chain activities are automatically converted into WAN, and a share of these tokens is subsequently burned.

You can acquire WAN tokens through several centralised and decentralised exchanges, including:

• XFlows
• WanSwap

Established in 2017, Wanchain is a global leader in decentralised blockchain interoperability and created the industry’s first decentralised cross-chain bridge. The project remains dedicated to promoting blockchain adoption by building a unified decentralised network of blockchains based on industry-wide standards and specifications. Known for its engineering rigour and industry-best uptime, Wanchain’s cross-chain infrastructure allows developers to construct truly decentralised cross-chain applications that power the future of Web3. Currently, this decentralised infrastructure supports numerous products across dozens of EVM and non-EVM networks.