Wanchain is a distributed ledger that enables cross-chain transactions and multi-chain interoperability. It is a stand-alone blockchain that runs independently, even though it supports transactions across blockchains. The protocol functions as a distributed ledger that records and processes cross-chain transactions.
The protocol uses smart contracts to process applications in a secure and autonomous manner. Decentralized exchanges (DEXs), lending and borrowing platforms, stablecoins, crowdsourcing, and multi-currency payments and settlements are among Wanchain's use cases.
The platform has been able to create a number of applications using smart contracts, security systems, and its own coin - WAN, which is the platform's native token. Users can earn WAN tokens by securing the network via Proof of Stake validator nodes. They can also participate in a variety of DeFi dApps, such as an Automated Market Maker (AMM) on the ecosystem.
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