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Wanchain is a financial infrastructure that is concerned with the cross-chain transfer of digital assets across various blockchains. There are thousands of tokens, coins, and blockchains currently in the ecosystem, the problem is that there's no reliable, efficient, fast and a decentralized exchange platform to swap value between them. Wanchain was created to solve the problem stated above by interconnecting these independent chains to provide a platform that conducts a successful swap between assets.
It is impossible to talk about Wanchain and exclude the fact that the exchange is the first Blockchain project to operate a system that unites different blockchain projects; Wanchain has the capability to securely swap digital currencies of various blockchain platforms wherein these platforms are still independent. Wanchain comprises of unique features and those features position the exchange in a league of its own among other exchange platforms.
Using the Wanchain wallet, individuals from different countries can swap digital currencies without consulting a centralized exchange to execute the operation. Wanchain tries to cut down all unnecessary cost by eliminating third-party exchanges when transactions are being made. Thereby reducing cost like I said earlier, transaction times, and risk.
It might interest you to know that Wanchain is the world's first interoperability Blockchain project that operates a decentralized cross-chain transaction platform with the ability to create a real-time interaction between the various blockchain systems. Wanchain performs this action without involving a third party exchange, which makes it secured. Which is why Wanchain utilizes the Ring signatures security model. The ring-signature model is one of the security measures that has been adopted by the WANCHAIN platform to eliminate third-party interference. If you are familiar with Monero, then you must be familiar with how ring signature functions because Wanchain uses a similar ring signature pattern virtually identical to that of Monero.
Ring signature ensures that transaction signatures are made invincible by using an encrypted code pattern to combine multiple fake transaction signatures along with the original signature. Making it complicated and impossible for a third party to interfere because third-party exchanges must have to decipher the real signature from the fake ones.
Lastly, when transacting through the WANCHAIN platform, unlike other exchange platforms, Wanchain saves you time, your transferred assets or funds comes as soon as the transaction or assets swap is carried out. Delay could sometimes lead to loss of assets.
A few times I have lost my asset to exchanges, it's either the asset got stuck during the swap or in the process of swapping, the platform experiences system glitch, which sometimes leads to loss of funds. WANCHAIN is free from these disasters as the system is up and running. The platform's maintenance is taken care of by top experts and professionals in their various fields.
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