What is Wanchain (WAN)?

Deep Dive

1. Purpose & Value Proposition

Wanchain solves blockchain fragmentation by enabling direct asset transfers between networks without centralized intermediaries. Its bridges allow users to move tokens like BTC, ETH, or USDC across chains while maintaining custody, addressing liquidity silos in DeFi (Wanchain).

2. Technology & Architecture

The network uses Secure Multiparty Computation (sMPC) and Shamir’s Secret Sharing to decentralize bridge operations. Unlike relay-based systems, Wanchain’s nodes rotate monthly, reducing centralization risks. Its EVM compatibility lets developers build cross-chain dApps using Solidity (Universal Multichain Bridges).

3. Tokenomics & Governance

• Burn mechanism: 10% of bridge fees are burned, aiming for deflation as adoption grows.
• Node incentives: 20% of fees reward bridge and PoS node operators/delegators.
• Community treasury: 40% of fees fund ecosystem development, governed by stakeholder proposals (Community Treasury Proposal).

Conclusion

Wanchain positions itself as critical infrastructure for a multi-chain future, prioritizing security and decentralization in cross-chain transactions. As blockchain interoperability becomes essential, can its fee-burn model sustainably balance token supply with ecosystem growth?