When it comes to blockchain technology, there are different schools of thought when it comes to development. Some believe that it’s best to build on top of existing platforms such as Ethereum, while others believe that it’s best to create new platforms from scratch. Wanchain is a platform that falls into the latter category – but is it really built on Ethereum?
Wanchain was created with the intention of being a “super-financial market” that would be able to connect different blockchains together. In order to do this, Wanchain needed to create its own blockchain – one that would be compatible with Ethereum’s ERC20 token standard.
This meant that Wanchain needed to fork Ethereum’s codebase and make some modifications.
So, in a sense, you could say that Wanchain is built on Ethereum. However, it’s important to note that Wanchain is not a “sidechain” of Ethereum like some other projects are.
NOTE: Warning: Wanchain is not built on Ethereum. It is built on a private blockchain based on the Ethereum protocol. The two platforms are similar in many ways, but there are important differences between them. It is important to understand these differences before investing in either platform.
Sidechains are essentially separate blockchains that are connected to the main Ethereum blockchain. This means that they can make use of Ethereum’s existing infrastructure and ecosystem.
Wanchain, on the other hand, is its own independent blockchain. This means that it has its own native currency (WAN) and its own unique consensus mechanism.
While Wanchain is compatible with Ethereum, it is not reliant on it in any way.
So, Is Wanchain Built on Ethereum? Sort of – but not really. Wanchain is its own independent blockchain platform with its own native currency and unique features.
10 Related Question Answers Found
Wanchain is not an Ethereum. Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Wanchain is a decentralized financial infrastructure that enables the transfer of value between different blockchain networks.
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