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COINTURK NEWS > Altcoin News > Wanchain Launches New Convert n’ Burn System
Altcoin News

Wanchain Launches New Convert n’ Burn System

In Brief

  • Wanchain launched the Convert n' Burn System, marking the Unification Era's start.

  • The system integrates Wanchain Bridge, WAN token, and Wanchain Layer Blockchain.

  • It aims to enhance cross-chain transactions' efficiency and security.

COINTURK NEWS
COINTURK NEWS 12 months ago
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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: the Wanchain Bridge, the WAN token, and the Wanchain Layer Blockchain.

Contents
What Will the New System Bring?Keeping the Community Alive and Dynamic

What Will the New System Bring?

The Wanchain Bridge is critical infrastructure that facilitates the transfer of digital assets between different blockchain networks. Wanchain aims to enhance the efficiency and security of cross-chain transactions by integrating the Convert n’ Burn System with the Wanchain Bridge. This integration will make it easier for users to move assets between different blockchains, 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 that 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.

Keeping the Community Alive 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.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 1 July, 2024 - 1:52 pm 1 July, 2024 - 1:52 pm
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