As we all aware of that, blockchains are secure and transparent systems where you store a value in it. While most of the centralized solutions are focused on charging their customers, decentralized way of them which we know as blockchains are practically giving away most of the parts of their earnings, via PoS systems etc.
Well, we also know that there are a bunch of chains which are focused on different kind of problems. They are different because their languages and technological backgrounds are not eligible to work together, hence they are not able to talk to each other.
In a basic point of view, we all know that there are some solutions, but none of them is aware of another.
This is where WANChain comes into play.
What is WANChain exactly?
Wanchain is just another blockchain project which has the ability to connect other chains together. What am I trying to say here is you can send Bitcoin and Ethereum to you Wanchain wallet, or each other over Wanchain network.
So, what should I do with that?
you may ask.
Let's look at the scenarios where you can use wanchain network.
DEX Implementations
What does this even mean?
As we all know, if anyone wants to open a DEX, they first need to handshake with a chain to list it's protocoled tokens. For example, IDEX is listing only ERC20, Switcheo was listing only NEP5 and now ERC20 too.
If you want to widen your area like Switcheo, you should implement another chain to your DEX, so that you can list it's tokens too. This needs really hard work and constant bug fixing situation. Also, there must be an operation team which is oacked up by people who are willing to give support 7/24.
Yes, so much time and money needed to achieve this.
On the other hand, if you open your DEX by using Wanchain network, you will be able to implement WANChain supported blockchain project's tokens too. For example, WAN network now supports Bitcoin and Ethereum networks, and some of Ethereum's ERC20's like DAI, MKR etc.
So if you decide to open your DEX by using WAN background, you will be able to list Bitcoin, Ethereum and supported ERC20 tokens like DAI, GUSD (Gemini dollar) and MKR easily. And according to network more and more ERC20 supports are on the way.
Expand Your Business
At a glance, there are a bunch of games that run on some of the blockchains. Let's take Kitties as an example. As we all aware of that, blockchain kitties are running on Ethereum network. You can pay via ETH to buy some skins, or you can get ETH as payment to sell some tools etc.
You are willing to create a game like this, let's say.
Why Ethereum network is enough?
WAN comes into play again.
You can deploy your game to WANchain, and then you will be able to serve your game over the chains which is being supported by WAN.
Which means, you will be able to get payments as bitcoin, ethereum, wan, dai, mkr, gusd for now. and more to come of course, as I stated above.
That's it?
Of course not. WAN team will make an announcement in this quarter to spread the word about PoS system. So, you will be able to provide yourself a passive income.
Stay tuned!