WanchainWanchain WAN STO news

Wanchain supports cross-chain transactions between mainstream public chains, between private chains, and between public and private chains. Wanchain is an Ethereum-based generic ledger that runs applications, with account models and smart contracts that implement various Ethereum functions.
Status
Ended
Raised
35,657,629 USD
Soft cap
Hard cap
135,000 USD

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WanChain (WAN) Beta Goes Live, Reducing Block Production Time by Half: Exclusive Interview With CEO Jack Lu

Wanchain is a platform meant to connect local, heterogeneous networks and aims to be the backbone of all blockchain networks, founder and CEO Jack Lu said in an exclusive interview with CryptoPotato. Lu, who is also the co-founder of the crypto company Factom, has a background in economics and computer science, having worked for over 20 years as a software engineer in Austin, Texas before first hearing about Bitcoin in 2012. “I decided to look into it [Bitcoin]. I spent my spare time as a moonlighter doing a lot of reading, and also looking into the code, and also set up a mining node in my home,” Lu says. “Back in 2014, I made a tough decision. Basically, I invested all my money in Bitcoin into Ethereum, and I invested all my time in the Factom project.” Beta launch and PoS switch Wanchain held an Initial Coin Offering (ICO) back in October 2017 in which the organization reached its hard cap of $36 million. Since then, the interoperable blockchain platform has released its Galaxy PoS beta network (a switch from PPoW) along with a new wallet in June. “So in our lab, our TPS can reach thousands. Hopefully our target TPS on production after POS will be more than 1,000. That will continue to be a lot faster. In the beta version, compared to alpha, we cut the block-producing time from 10 seconds to 5 seconds,” Lu says. According to the Wanchain CEO, the platform’s beta is “running fine”, though it needs network, code, and speed improvements. Lu believes switching to PoS will help the company find a balance in the so-called blockchain trilemma of decentralization, security, and performance; as a PoS network will be “a lot faster” than its PPoW predecessor. “POS can get a lot of involvement from the community. Once they get used to the POS, some people will be more encouraged to use their token power to participate in all the on-chain governance and events,” he says. Sorry, I don’t see Libra as a threat CryptoPotato asked Lu what he thinks of Facebook’s ambitious Libra project, which involves the tech giant releasing its own cryptocurrency in the first half of 2020. Contrary to many others in the crypto industry, Lu doesn’t see Libra as a threat to decentralized cryptocurrencies, but the opposite. “Sorry, I don’t see that [Libra] as a threat,” Lu says. “We’re trying to find this killer app for mass adoption, and this is really a good opportunity for average users, Facebook users. They will be exposed to cryptocurrency and to blockchain technology. So although they use Libra as a stablecoin in the beginning, more and more users will be rushing into this crypto industry. There will be more money coming in, more users coming in. That would definitely, definitely be good news for the whole industry.” Lu believes Facebook’s Libra project could bridge the gap between fiat and decentralized, digital currencies. According to him, there has to be a “middle step” that connects traditional finance with blockchain technology. And both Facebook and Wanchain are trying to provide that middle step to the financial world, he noted. The CEO has an even more ambitious plan: connecting Libra with other cryptocurrencies. “I say we can build a bridge between Wanchain and Libra, and Libra Coin can move onto Wanchain and be connected. It’d be exchangeable with other cryptos. At the same time, we could ship the other cryptos onto Libra and they could have more applications on Facebook’s platform. So potentially this will be a win-win situation.” For the full interview – watch the video. The post WanChain (WAN) Beta Goes Live, Reducing Block Production Time by Half: Exclusive Interview With CEO Jack Lu appeared first on CryptoPotato.
CryptoPotato

YOYO, Chainlink, Raiden Network Token and Zcash Top All Cryptos; Coins in Aggregate Down 2.88% Overall, NA Coins Have Contracting Volatility

Top Performers and Notable Moves Since yesterday, the coin that fared the best out of the 133 coins in our index was YOYO, whose price is up 15.62%. Rounding out the top four currencies for the day were Chainlink, Raiden Network Token, and Zcash, which provided holders with returns of 11.88%, 10.63%, and 7.86% for the day. These moves were quite significant, in the sense that they were well outside of the volatility each of the respective coins had seen for the past two weeks. Interested in trading these currencies? Some brokers to try: Gate, Yobit, Stex, Binance, DDEX, ETHfinex The Crypto Big Picture In the past day, the average percent change in price for the coins in our index was a move down -2.8816%. Specifically, 22 coins in our index were up while 111 were down. Below we can see the average daily change for the coins we are tracking our index over time. Since yesterday, 37 have crossed their 20 day moving average; these coins may be of interest to traders who believe the 20 day moving average may be a key level that draws traders in. Interested in trading these currencies? Some brokers to try: Gate, Yobit, Stex, Binance, DDEX, ETHfinex Key Price Technicals in the Crypto Market Those 37 coins are: Status, Bancor, Crypto.com, OmiseGO, SingularDTV, Kyber Network, SONM, Verge, Moeda Loyalty Points, AirSwap, Request, Viberate, Power Ledger, Komodo, Raiden Network Token, Ambrosus, Basic Attention Token, Genesis Vision, Quantstamp, BitShares, Lisk, Bitcoin Diamond, Stellar, Cindicator, Waves, OST, aelf, NavCoin, IOST, Aeternity, POA Network, NEM, Wanchain, Golem, Augur, Civic, Dent. Likewise, volatility has continued to trend lower and contract for NA of the 133 coins in our index; contracting volatility often precedes a breakout, so these coins may be gearing up for a larger move. Going further, below is a chart showing 4 currencies with contracting volatility that are trading below their 20 day moving average. Is this a technical sign the sellers are exhausted and the market for these coins is ready for a rally? Interested in trading these currencies? Some brokers to try: Gate, Yobit, Stex, Binance, DDEX, ETHfinex Article by SixJupiter The post YOYO, Chainlink, Raiden Network Token and Zcash Top All Cryptos; Coins in Aggregate Down 2.88% Overall, NA Coins Have Contracting Volatility appeared first on DecentralPost.
DecentralPost

2019-05-13 Daily Update: Coins Down 3.07% Overall, 106 Coins Have Contracting Volatility

Top Performers and Notable Moves Since yesterday, the coin that fared the best out of the 134 coins in our index was iExec RLC, whose price is up 12.42%. The next three best performing currencies were Binance Coin, THETA, and Waltonchain, which gave holders daily returns of 7.84%, 7.32%, and 2.64%. These moves were notable not only for their magnitude relative to other coins, but also because they were large and surprising relative to the volatility of each of these currencies over the past two weeks. Crypto brokers to trade the currencies mentioned here: Gate, Yobit, Stex, Binance, DDEX, ETHfinex A Macro View of the Crypto Market Since yesterday, the average change in the price of coins in our index was a move down -3.0716%. Drilling down, we see that 15 coins we’re tracking were up while 119 coins were down. The visualization below illustrates the average daily change in the price of the coins we’re tracking. Since yesterday, 34 have crossed their 20 day moving average; these coins may be of interest to traders who believe the 20 day moving average may be a key level that draws traders in. Crypto brokers to trade the currencies mentioned here: Gate, Yobit, Stex, Binance, DDEX, ETHfinex Key Price Technicals in the Crypto Market Those 34 coins are: Insolar, Status, Stratis, Enigma, THETA, Qtum, Augur, Syscoin, Loom Network, Holo, Verge, NA, Nebulas, Groestlcoin, Skycoin, Bitcoin Diamond, Waltonchain, 0x, AppCoins, Basic Attention Token, Loopring, Quantstamp, Wanchain, Binance Coin, VIBE, NEO, HyperCash, ICON, district0x, CyberMiles, Storj, Red Pulse Phoenix, NEM, Civic. Also of note is that 106 of the 134 we track have contracting volatility. Volatility contraction often precedes a breakout, so this may be something to watch. Going further, below is a chart showing 4 currencies with contracting volatility that are trading below their 20 day moving average. Is this a technical sign the sellers are exhausted and the market for these coins is ready for a rally? Crypto brokers to trade the currencies mentioned here: Gate, Yobit, Stex, Binance, DDEX, ETHfinex Article by SixJupiter The post 2019-05-13 Daily Update: Coins Down 3.07% Overall, 106 Coins Have Contracting Volatility appeared first on DecentralPost.
DecentralPost

EOS Price Analysis: Platform Top-rated, But Will Prices Rally?

Latest EOS News After an extended crypto winter that saw different projects wrecked and developers calling it quit, it appears that the path towards stability is cooperation. Tron has been pretty successful in that and now Wanchain, an Ethereum fork which is creating solutions for cross chain interoperability allowing seamless value transfer between heterogeneous blockchains, will this year support EOS—the fourth most capitalized coin and a project ranked as “Superb” by CMC’s new partner, a blockchain analytic firm, Flipside. Wanchain’s next blockchain bridge will be #EOS! This integration is already in-progress and will be complete in Q2, making EOS and its powerful network of dApps fully inter-operable with the Bitcoin and Ethereum blockchains. Welcome @block_one @brockpierce @eosnewyork @LiquidEOS!— Wanchain (@wanchain_org) March 15, 2019 Read:Citi Once Had Plans To Launch A (Centralized) Crypto Asset, But Failed To Execute Already, Wanchain incorporated Loopring—a layer-2 protocol which allows third parties to build non-custodial DEX meaning token or coin exchange can be done in a peer to peer manner without the need of an third party while all order management is done off-chain—on their platform. Here’s what Jack Lu, Wanchain’s Founder and CEO had to say: “Wanchain’s interoperability platform is an excellent complement to Loopring’s protocol and will set the stage for a more advanced DEX ecosystem with the ability to offer cross-chain trading pairs and increased liquidity. “ Also Read:Could Bitcoin (BTC) Follow Gold’s Long-Term Chart? All in all, 2019 could be an interesting year for DEXs thanks to continued pummeling of centralized exchanges and increased oversight (and demands) from protective regulators. Aside from Wanchain—Loopring initiative, Binance is testing their version. However, should liquidity be overcame then we may as well see a migration towards secure DEXs thereby drawing additional demand to EOS—ranked as the best platform by China’s CCID. EOS/USD Price Analysis At the time of press, EOS performance is stellar and prices are up 1.9 percent in the last week with EOS changing hands at around $3.6 apiece. Even so, we should note that this could as well be a deserved correction and as price action dictates, a period of extended losses or gains should be followed by a correction. From the charts, it is clear that EOS is correcting and our resistance as laid out in the chart has been marked by a humongous bear bar. Trend and Candlestick Formation: Short-term bullish and breakout pattern From a top-down approach, sellers are technically in charge and EOS is trending within a bear breakout pattern thanks to mid-Nov 2018 sell-off. Nonetheless, in the short-term and in a classic bear breakout pattern, the current pullback could as well be the second stage—the retest phase (targets at $4—which has been retested) before a trend resumption phase begins. Therefore, while we are bullish and anchoring our analysis on the bullish breakout bar of Feb 18, we should also realize that the failure of bulls to muster enough momentum and satisfactorily close above $4, reversing losses of Feb 24 is bearish for EOS. If EOS fail to close above $4.5 complete with above average volumes exceeding 18 million in days ahead and instead drop below $3, we shall have solid reasons to exit this trade as bears of Feb 24 flow back. If not and prices rally, then bulls of Feb 18 would be present and in that case, first targets will be at $6. Volumes: Bearish Our EOS/USD price analysis is based on Feb 18, 24 and yesterday’s average at 14 million, 18 million and 3 million according to streams from BitFinex. Since we are bullish, we expect prices to edge higher and, in that case, EOS must print above $4.5. As a result of this position, accompanying volumes must exceed 18 million as price action confirms bulls of Feb 18. Conversely, losses below $3 must be complete with equally high volumes exceeding 18 million and recent averages confirming liquidation of Feb 24. All charts courtesy of Trading View—BitFinex This is not investment Advice. Do your Research. The post EOS Price Analysis: Platform Top-rated, But Will Prices Rally? appeared first on Ethereum World News.
Ethereum World News

Wanchain Integrates EOS and Adds More Stablecoin Support

Wanchain, an Ethereum fork focused on cross-chain integration, announced support for EOS recently. The short story here is that, in the near future, decentralized exchanges facilitating trades between EOS, Ethereum, and Bitcoin – which is increasing its token functionality via Blockstream’s Liquid product. We are very proud of our ecosystem made up of some of the most revolutionary projects and blockchains in the industry. This is only the beginning as we are on a mission to CONNECT Open Finance. RT if you’re excited to join us on this journey! pic.twitter.com/ypnS1f2kAz — Wanchain (@wanchain_org) March 15, 2019 A Hub for Many The post Wanchain Integrates EOS and Adds More Stablecoin Support appeared first on CCN
CCN

Wanchain Will Integrate With EOS In Q2

Cross-chain collaboration platform Wanchain (WAN) will integrate with the EOS platform later this year, the team has announced. In its Q1 Community Conference Call, Oliver Birch, Wanchain’s Vice-President of Communications and Growth, said the project would bridge with EOS sometime in the next quarter. He highlighted that the large and active EOS community, as well as its past performance, made it a clear candidate for integration with Wanchain. Wanchain provides cross-chain compatibility by creating ‘wrapped’ tokens that can be traded on other blockchains. The project bridged the Bitcoin (BTC) and Ethereum (ETH) platforms in September 2018, as Crypto Briefing reported at the time. After fourteen months of operations, according to Wanchain’s global marketing director, Dan Reecer, the project now has 70 members of staff, 40 of them being developers. Along with a new collaboration with EOS, Wanchain also said they would support more ERC20 tokens. Two stablecoins, TrueUSD (TUSD) and USDC, will be added as well as Basic Attention Token (BAT). Wanchain raised $36M in an ICO in late 2017. CEO Jack Lu admitted they had been affected by the bear market but still had enough funds to continue funding development for another five years. “We will be here long-term,” he said. This news is breaking and will be updated.  The author is invested in digital assets, including BTC, ETH and BAT which are mentioned in this article. Crypto Briefing’s CEO is an advisor to Wanchain, and was not involved in creating this article. Join the conversation on Telegram and Twitter! The post Wanchain Will Integrate With EOS In Q2 appeared first on Crypto Briefing.
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FBI Investigation Prompts Patrick Byrne to Exit Overstock

Patrick Byrne, the CEO and primary board member of Overstock.com, has resigned from his position with the company.  Who Will Replace Byrne? Many enthusiasts will likely remember that Overstock.com, a massive online retailer, was one of the first selling platforms to accept bitcoin as a means of payment from its customers. Byrne, himself, has been a major bitcoin advocate over the years. In a letter to shareholders, Byrne explained that while he is sad to leave the company he has worked with and respected for so long, he believes this is the right move for the “country.” Byrne says that his involvement in an FBI investigation regarding Russian interference in the 2016 presidential election is what led to his decision. The letter reads:  In July, I came forward to a small set of journalists regarding my involvement in certain government matters. Doing so was not my first choice, but I was reminded of the damage done to our nation for three years and felt my duty as a citizen precluded me from staying silent any longer, so I came forward in as carefully and well-managed fashion as I could. The news that I shared is bubbling (however haphazardly) into the public. Though patriotic Americans are writing me in support, my presence may affect and complicate all manner of business relationships, from insurability to strategic discussions regarding our retail business. Thus, while I believe that I did what was necessary for the good of the country, for the good of the firm, I am in the sad position of having to sever ties with Overstock, both as CEO and board member, effective Thursday August 22. It appears Byrne had been in a relationship with a Russian agent named Maria Butina since 2015. He’s confident that the company will remain strong without him, and that blockchain will ultimately carve out a future in which financial freedom is available to every citizen. He states:  I think the blockchain revolution will reshape key social institutions. We have designed and breathed life into perhaps the most significant blockchain keiretsu in the world, a network of blockchain firms seeking to revolutionize identity, land governance (=rule of law=potential=capital), central banking, capital markets, supply chains and voting. In three of those fields (land governance, central banking and capital markets), the word ‘trillions’ comes up when calculating the disruptive opportunity of blockchain. In closing, Byrne tells the company’s shareholders what an honor it has been to serve them. He comments that it was initially his Rabbi that convinced him to come forward, and that after seeing his country “tear itself apart” over the past three years, he felt he could not remain uninvolved.  The End of an Era… He finishes his letter with:  I wish all shareholders a smooth and level road, and don’t forget to shop Overstock.com. The post FBI Investigation Prompts Patrick Byrne to Exit Overstock appeared first on Live Bitcoin News.
Live Bitcoin News

Bitcoin Struggles As BAT And ETC Lead The Charge

The cryptocurrency market has somewhat stabilized, presenting a predominantly green landscape as Bitcoin struggles to stay above the psychological $10,000 marker.   Cryptocurrency Market Situation. Source: Coin360   Sentiment for Bitcoin has seen a moderate improvement towards a strongly neutral outlook.   Bitcoin Sentiment Chart by theTIE.io   Despite this overall lukewarm performance, proponents of Bitcoin’s store of value potential have reason to rejoice today. According to a report by Digital Asset Data, BTC is increasingly gaining correlation with the broader asset markets – positively with gold, and negatively with the stock market. With a recession looming on the global economy, Bitcoin could fulfill the role of a “safe haven asset,” to which investors flock during uncertain economic times. Altcoins see recovery with ETC and BAT leading The rest of the cryptocurrency market is seeing strong corrections from yesterday’s fall, with two strong outliers making significant gains. Basic Attention Token is strongly reacting to its new listing on Kraken, a popular exchange part of Weiss Ratings’ Real 10 index of platforms reporting true volume. BAT has gained more than 15% on yesterday’s price, while curiously its partner-in-listing WAVES has registered a much more modest 4%. The stark difference can be explained by the contribution of other fundamental drivers, with BAT recently launching the much-anticipated online tipping feature in its browser.   BAT Recent Price Trend. Source: CoinMarketCap   The other outlier is none other than Ethereum Classic, which after an against-the-grain rally on Tuesday has continued today with a 14.6% gain. The total 7-day performance is a solid +21%, by far the highest in the top-50. As before, it’s difficult to give a meaningful explanation of the rally. The upcoming ETC Atlantis hard fork is scheduled in about 22 days, too far ahead to justify any price action, though the final confirmation was released on Monday. The run is likely to be due to a combination of factors, including possible whales entering ETC positions. The rest of the altcoin market is seeing moderate recoveries, with IOTA, TRON and Cardano gaining 8%, 6.32% and 6.42% respectively as the rest average on 3-4%.   The post Bitcoin Struggles As BAT And ETC Lead The Charge appeared first on Crypto Briefing.
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Casa Unveiled Node Monitor Service to Leapfrog Bitcoin Network Health

Coinspeaker Casa Unveiled Node Monitor Service to Leapfrog Bitcoin Network HealthA famous crypto startup firm recognized as Casa that offers primary management service, and Bitcoin node machine has launched a node monitor as well as accompanying reward program to develop Bitcoin network health.The firm revealed the latest innovation in an official website article on Aug. 21. Per the announcement, the node monitor known as Node Heartbeats depends on creating a brief relationship between the server of Casa plus, an internet synced and Tor-activated node owned by a user. The rewards program enables Casa node subscribers to earn 10,000 SatsBack weekly in exchange for operating 5 Node Heartbeat checks weekly, on separate days.SetBack can reportedly be converted for Bitcoin (BTC) just once per day on Keymaster app for Casa, as long as a consumer has garnered a minimum of 50,000 SatBack points. According to the report, Casa is firmly convinced that it`s hectic for consumers to keep up with the trend on their node`s uptime as well as security. By offering an inducement program to leapfrog node health, the firm reportedly expects to enhance the overall health of the Bitcoin network.How the Node Heartbeat OperatesTo verify that node is online, the company makes a concise link from their server to the users Casa Node. For this to be manageable, the user`s node must be synced, online, and with Tor activated. But with Tor, that indicates the node Heartbeat secures user`s privacy.Speaking of privacy, the Node Heartbeat only utilises the connection code of the consumer-the same code that is already existing in explorers and that which the consumer release to others who are willing to launch a channel with them. Sats App automatically submits the code for the users when they send a Heatbeat to saves them from the agony of looking it up.Guess Who Is The Latest Casa Investor?Charlie Lee, Litecoin (LTC) founder revealed just three days ago that he has heavily invested in Casa. He went ahead to praise Casa for spearheading BTC acceptance, indicating:“I have the same feeling about Casa today as I had about Coinbase when I joined in 2013 as the 3rd hire. Casa is making Bitcoin easy to use, and that is extremely important for this space. Looking forward to great things!”New Node Monitor by Lightning LabsAs initially reported by Cointelegraph that the designer of the high-speed transaction protocol Lightning Network, Lightning Labs recently unveiled an alpha version of a node monitor. The invented device, called Indmon, allegedly enables nodes operators to supervise node functions in real-time. Network cases this year reportedly influenced the developers to design a tool for preemptively detecting network and node issues.Casa Unveiled Node Monitor Service to Leapfrog Bitcoin Network Health
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