Topic: [ANN][ICO] Wanchain - Connecting blockchains to exchange value - page 50. (Read 79366 times)

1. There is no need for a trusted third party, the verification nodes run by miners will ensure maximum stability, security and protection for the users (those staking a percentage of WANcoins).
2. When conducting cross-chain transactions, the original chain will not be changed thus enabling any altcoin to communicate and exchange value with the Wanchain platform.
3. Wanchain will enable a series of smart contract scenarios with the added bonus of privacy protection (concept-of-privacy - please view the whitepaper for a better understanding).

I hope this job will be nice

Any bounty program?

Great thanks!  How about OMG.  They appear to be doing something very similar with building a cross chain system. 
I wonder whether their greatest focus on this is a big advantage.

There are many similar projects as Wanchain, what is make your project different than others?

Bankera - Judging from their website I believe they need to acquire a banking license. This will function more in a centralized way. Nothing is wrong with that but it is completely different to Wanchain that aims at being a decentralized and distributed financial market - offering concept-of-privacy (privacy protection of users) as well as incorporating secure transactions between other blockchains. In order to verify transactions and run the ecosytem, miners will stake a percentage of their WANCOINS (the platform token) to run a verification node.

Change - not too familiar with this so I will read up on it and give you my input on the differences.

That is correct. It will also allow interoperability (in this sense, communicating and exchanging tokens through its platform with other blockchains - the aim is to incorporate as many altcoins as possible in the near future).

Also realised this looks very similar to OmiseGO. What are the advantages / disadvantages of this project over OMG?

Thanks

If I don't misunderstand, wanchain will be a virtual bank in the form of an application that has its own accounting application, and as a user, they will open their respective tellers, whenever they want, this concept is very good and idealistic, I will keep monitoring the progress, hopefully success

Thanks, so it's relatively similar with a bigger scope?

How about comparing to upcoming ICOs like Bankera and Change?

http://bankera.com/
https://change-bank.com/

I believe Polybius is not using its platform for communications/exchanges/privacy protection between other ledgers but exclusively and native to the Ethereum ledger. Polybius is built on the Ethereum network and is working exclusively within this platform.

Wanchain is built on Ethereum Go but will create smart contracts not only within Ethereum blockchain as a decentralized bank but between other blockchains as well - thus incorporating privacy protection for the users, exchange of value (tokens,currencies) and communications between other blockchains (not limited to only one) and using smart contracts in a variety of scenarios.

As far as the roadmap goes, the testnet will be released in September with the Wanchain 1.0 release in Q4 2017. COMMERCIAL WHITEPAPER - SEE PAGE 13 FOR ROADMAP

In June 2016, theoretical research and POC (Proof of Concept)
started for cross-chain transaction and privacy protection.
Going back to the origins of Wanchain, we introduced multi-chain division and
multi-chain layering methods in the Factom project, which mainly solved the
single-chain performance problem. The design was later referenced in many
parts of the prototype British National Crypto-currency. The architecture of
Wanchain is similar in nature to these previous projects. Our team has been
continuously researching cross-chain technology, and the current result is
based on this research. In June 2016, Wanchain project design began and the
team started researching and developing blockchain cryptographic algorithms.

In December 2016, proof of concept development is conducted for
token privacy protection of smart contracts.
Theoretical proof for token privacy protection of smart contracts based on
one-time addresses and ring signatures was completed in 2016, and the POC
was completed at the beginning of 2017. At the beginning of 2017, we
completed the design of the cross-chain transaction mechanism and the
cryptographic technology.

In June 2017, the white paper is released. The Wanchain website
goes online and Wanchain enters the ICO phase.
This commercial white paper and the technology white paper were released
together. We will give the first version to our advisory team and many other
blockchain insiders to review, hold several closed-door meetings, and collect
comments and feedback. Based on this feedback, and after revisions and
proofreading, the Wanchain project will be officially announced to the public,
and enter the public crowd-funding stage.

In September 2017, the ICO will begin to sell tokens and release a
Wanchain test network.
After two months of publicity, and after ensuring that potential participants
interested in the ICO fully understand the relevant Wanchain information, the
Wanchain project will open token sales and simultaneously release a
Wanchain test network. ICO sales will be publicly available through Ethereum
ERC-20 tokens; participants can buy it directly through their ERC-20 Ethereum
wallets. In order to benefit other participants, we will also have sales
cooperation through official partners.

In November 2017, Wanchain 1.0 will be launched.
Wanchain wallets and smart contract functionality with privacy protection will be
completed and Wancoin will be released.
In order to promote more rapid community development and business
applications for the Wanchain project, Wanchain will first introduce privacy
protection version 1.0 and then introduce the official Wanchain wallet. At that
time, participants holding ICO tokens can download the official Wanchain
wallet and exchange the crowdfunded tokens for Wancoin.
In June 2018, Wanchain 2.0 will be launched. Ethereum cross-chain
trading will be available, the Wanchain 2.0 cross-chain protocol will
be online, and the multi-currency Wanchain Wallet 1.0 will be
online.

The main goal of Wanchain project in 2018 is to achieve cross-chain trading
with Ethereum and Bitcoin, while promoting the Wanchain community and
environment. The goal of the Wanchain community is to attract more talented
developers to the low-level Wanchain protocols and tools and offer better
multi-currency wallets, browsers and other options for users. At the same time,
we will encourage and support more developers to develop different
Wanchain financial applications based on the needs of the end-user.
By the end of 2018, Wanchain 3.0 will be online. Bitcoin cross-chain
trading will be available, the Wanchain 2.0 cross-chain protocol will
be online, and the multi-currency Wanchain Wallet 2.0 will be
online.
The Wanchain business team will conduct targeted market promotions and
gain more in-depth cooperation from digital currency exchanges, OTC
institutions, digital wallets and other agencies, to provide digital currency
transactions for the distributed infrastructure. In the traditional financial
sector, Wanchain will seek more application development team members and
encourage and support them to use Wanchain as their basic platform to build
alliances and pave the way for future cross-chain connections.

In 2019, Wanchain 4.0 will be online. Wanchain cross-chain trading
is available, the Wanchain 3.0 cross-chain protocol will be online,
and the multi-currency Wanchain Wallet 3.0 will be online.
As the Wanchain technology platform matures, Wanchain will support more
digital currencies and digital assets in the public blockchain network. While the
consortium chains are increasingly applied to conventional applications, the
value of cross-chain transactions will be fully explored.

Try using the link again or accessing it directly using the slack invitation link: wanchain.slack.com

If it doesn´t work please PM me and I will send you an invite. There have been a few problems with many slack groups lately.

EDIT: USE THIS FOR THE SLACK INVITE: https://wanchain.herokuapp.com/invite

Hey guys!  I tried to register with your Slack and when I input my email address, a "Failed! token_revoked" message comes up in red or "No account for this team"
What's the deal with that?  Anyone experience this?

the only bank i trust is memyself&i bank of the front pocket

How does this differ from Polybius which is supposed to be another decentralised bank?

Glad to hear that. If you have any questions regarding this post, whitepapers or the project in itself please let know

Hi cryptoworldwide. At the moment (leading up to the ICO) there is no social media bounty campaign. However, there will be talks about it upon completion of the ICO.

Any social media bounty campaign?

There are two major factors that differentiates Wanchain from other projects in the same space. For one, there is no need for a trusted third party. In other words, it is completely decentralized. Secondly, when cross-chain transactions are executed, the mechanism in the original chain will not be changed (it adapts). Wanchain was built on Go and allows the support of smart contracts being applied to a number of different scenarios whilst also providing a concept-of-privacy.