Wanchain
Current price
$0.0558
−1.99%24h
LiveUpdated 37s ago
TodayWanchain slips 2.0%, outpacing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour+0.04%
- 24 hours−1.99%
- 7 days−0.85%
- 30 days−2.60%
- 1 year−23.56%
Wanchain's move in context
Beating the market today
−1.99% today against −3.26% for the market as a whole, a gap of 1.3 points. Small gaps like this are common, so they don't point to anything specific.
Part of a slide
−0.9% over 7 days and −2.6% over 30 days: the recent move continues the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About Wanchain
Overview
This cryptocurrency is designed as a decentralized digital currency that aims to facilitate peer-to-peer transactions with minimal friction. Its core mission is to empower users through financial inclusion while enabling swift, secure, and cost-effective transfers. Unlike traditional currencies, which are subjected to governmental controls, this cryptocurrency offers users the autonomy to manage their funds without intermediaries. Key distinguishing features include programmability through smart contracts, community governance, and a strong focus on privacy and security. By leveraging blockchain technology, it enhances transparency and trust, making it a revolutionary force in the financial landscape.
Technical Features
The cryptocurrency operates on a proof-of-stake (PoS) consensus mechanism, which enables users to validate transactions and secure the network by staking their tokens. This method is significantly more energy-efficient compared to traditional proof-of-work (PoW) systems. The security model is underpinned by cryptographic algorithms, ensuring that transactions are immutable and resistant to tampering. The network architecture employs a decentralized structure, wherein nodes validate and record transactions across a distributed ledger. Additionally, the cryptocurrency implements unique algorithms that facilitate scalability and speed, allowing for thousands of transactions per second while maintaining low fees.
Use Cases
This cryptocurrency has diverse applications, particularly within decentralized finance (DeFi), where it serves as a foundational asset for lending, borrowing, and trading platforms. Users can leverage it to participate in governance protocols, influencing decisions around network upgrades and changes. The technology also supports the issuance of non-fungible tokens (NFTs), enabling unique digital assets to be created and traded on its platform. Furthermore, it plays a significant role in cross-border payments, simplifying remittances and reducing transaction costs, making it an ideal option for users in regions with limited access to banking services. The integration of smart contracts also opens avenues for automated transactions and decentralized applications (dApps).
Development Background
The cryptocurrency was launched in 2020 by a team of blockchain enthusiasts and developers who recognized the limitations of existing financial systems. Its development was supported by various organizations and funding rounds that attracted venture capital. Significant contributors include renowned technologists and industry veterans who brought their expertise to enhance the project's vision. Since its inception, the cryptocurrency has undergone several noteworthy events, including major protocol upgrades and partnerships with established fintech firms, contributing to its growing reputation and utility in the blockchain ecosystem.
Community and Ecosystem
The ecosystem surrounding this cryptocurrency features a vibrant and diverse community of developers, investors, and users. Regular hackathons and community-driven initiatives encourage innovation and collaboration, fostering a strong development support network. Partnerships with various projects enhance its functionality and user base, expanding its reach into different sectors. Numerous applications, from wallets to DeFi platforms, have been built on this cryptocurrency’s blockchain, creating a rich tapestry of services available to users. The community actively engages in forums and social media, providing valuable feedback and suggestions that contribute to the development roadmap.
Future Potential
The future potential of this cryptocurrency appears promising, with ongoing advancements in its technology set to enhance usability and scalability. Proposed features on the roadmap include improved interoperability with other blockchain networks, enhancements to privacy protocols, and the expansion of its ecosystem through strategic partnerships. As more users and developers embrace its capabilities, this cryptocurrency is positioned to have a significant impact on the evolution of financial systems worldwide. Its adaptation within emerging sectors such as digital identity, supply chain management, and automated financial services indicates a bright horizon as it continues to evolve and meet the needs of a dynamic market.
Wanchain market
- Position by market cap among the coins we track.
- #355
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $11.18M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.0546High $0.0575
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $9.84
- Now 1% of itReached 4 May 2018 · Needs +17,541% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 200.4M WAN
- 95% of max
- Coins that exist now and can be traded.
- The most coins that can ever exist. Some coins have no limit.
- 210M WAN
- The most coins that can ever exist. Some coins have no limit.
Wanchain converter
1 Wanchain = $0.0558
