Wanchain recently announced a significant milestone with the launch of the new Convert n’ Burn System. This development marks the beginning of what they call the Unification Era. The system is designed to bring together three core components of the Wanchain ecosystem: Wanchain Bridge, the WAN token, and the Wanchain Layer Blockchain.
What Will the New System Bring?
Wanchain Bridge is critical infrastructure that facilitates the transfer of digital assets between different blockchain networks. Wanchain stated that by integrating the Convert n’ Burn System with the Wanchain Bridge, they aim to enhance the efficiency and security of cross-chain transactions. This integration will make it easier for users to move assets between different blockchains seamlessly, reducing the complexity and potential risks associated with such transactions.
WAN token, the native cryptocurrency of the Wanchain network, plays a central role in this new system. The Convert n’ Burn System will use the WAN token to ensure transactions are processed smoothly and efficiently. By converting other tokens to WAN and then burning a portion of them, Wanchain aims to create a deflationary effect that could increase the value of the remaining tokens over time.
Community Remains Active and Dynamic
The Wanchain Layer-1 Blockchain forms the foundation of the entire ecosystem. It provides the essential technology and infrastructure needed for the Wanchain Bridge and WAN token to operate. With the implementation of the Convert n’ Burn System, the Layer-1 Blockchain is expected to function more effectively, support higher transaction volumes, and offer enhanced security features.
As Wanchain enters this new phase, the company invites its community and stakeholders to join them in taking the platform to new heights. The Unification Era represents a significant step in Wanchain’s mission to create a fully interconnected blockchain ecosystem.
