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Why Wanchain (WAN) Might be a Good Investment

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Recognizing a good investment opportunity in the world of cryptocurrencies can be difficult, especially since there are so many of them, with new ones still popping up all the time. Because of that, when a new opportunity arises, it should not be overlooked. We believe that Wanchain (WAN) may be such an opportunity, so let’s see why.

About Wanchain (WAN)

Wanchain (WAN) closed its ICO back in 2017, with a coin price being at $0.34. Soon after that, its value went up, and it continued to rise all the way to May 3rd of this year, when it hit $9.92, despite the bear market that crippled all the other cryptos.

The coin’s goal is the creation of an interoperable banking system based on the blockchain technology, one that would be a good fit for the new crypto generation. The system would also be able to offer every feature that can be found in a traditional bank. While working on these plans, Wanchain managed to also prove that it is capable of cross-chain interoperability, especially with Ethereum’s blockchain. At that time, its goal expanded to include the wish to connect all of the blockchains around the world into a single network.

However, that is when May came and WAN’s value went down by 91%, and its current price is only $0.88. This has placed it among the worst performing coins, but also one with a lot of potential, considering the heights it reached before crashing down. Many are wondering if WAN can ever achieve its former glory, which is something that depends on what it has to offer. So, let’s take a look at that too.

WAN’s cross-chain interoperability

Wanchain has issued it’s 2.0 update only a month ago, which has made its blockchain interoperational with Ethereum’s blockchain. It should be noted that, while this blockchain did come to be as a fork of Ethereum, it still doesn’t constitute its ERC-20 token. As for the cross-chain functionality, it definitely doesn’t hurt that the two blockchains share a connection. Additionally, the process is made additionally secure by sharing secret keys, smart contracts, and multi-user verification.

That way, ETH can be sent via WAN blockchain, and end up in the form of WETH, which is Wanchain’s equivalent of Ethereum itself. Currently, this is not possible for WAN on Ethereum blockchain, however, if WAN accidentally gets sent to ETH address, it can still be recovered with ease, considering the similarities between the blockchains.

As for the future, the team behind WAN has published a roadmap that shows that they are planning to include interoperability with at least one or two more blockchains before this year ends. Their focus will be on ERC-20 token chains, as well as Bitcoin. In the long run, the project is mostly dedicated to achieving interoperability across the chain, and its ambition is to gather all other chains under one roof.

Now, at first, this might seem overly ambitious, and there are, no doubt, many who believe this plan to not be possible. However, while there are a lot of coins with similar, seemingly impossible plans, WAN has actually created some pretty reasonable milestones that would ensure that its goal is fulfilled. And, if the goal proves to truly be impossible to accomplish, then WAN would simply quietly disappear.

Achieving anonymity

Internet privacy continues to be one of the most valued features online, and that is likely never going to change. Because of that, Wanchain has employed ring signatures, which would hide the identity of transactions makers, and create a completely new, individual address for each new transaction.

Wanchain is definitely innovative, and it claims to be the first one to do a lot of things, including the inclusion of privacy and anonymity functions in its smart contracts. However, a lot of other blockchains claiming the same have already gotten exposed, and it turned out that their ultimate privacy is nothing but empty talk. In fact, such blockchains often end up having a serious lack of privacy.

With such problems and concerns among the users, WAN’s claims will also be put to test sooner or later. Until then, it continues to claim that it can ensure public and private functionality alike.

In Ethereum’s footsteps

WAN’s team is no doubt a capable one, and they have announced their intention to follow Ethereum’s proposal of PoS adoption. They also announce that they might adopt even some additional implementations, like Raiden Network and Plasma.

Since all of the big blockchains are constantly coming up with updates and changes, it will be interesting to see how will WAN follow their evolution. Being compatible with ETH is great, but can the cross-chain interoperability survive as WAN’s partnering blockchains start getting makeovers? That is the real question, and one of the biggest reasons for doubt of the project’s success.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social
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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Can Libra help the crypto industry to reach new heights?

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Libra is motivated and determined to change the face of payment procedures across the globe and make the blockchain-based project the leaders of payments.
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The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.

From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.

What is Libra?

Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.

Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.

The development of…

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