It seems that although the majority of currencies have been recording drops for a prolonged time, many cryptos are turning to a rather benevolent trend dictated by the market on August 25th. While some currencies are still suffering from minor drops, the other part of the market is embracing the latest wave of gains, rising up against the dollar.
Some currencies like Wanchain (WAN) and Nano (NANO) are rising up by over 17% and 20% against the fiat, while also going up against BTC, making up for some of the biggest gainers of the day and probably looking forward to the sudden rise in the market.
In the meanwhile, as WAN has become interoperable with Ethereum, the team behind Wanchain has announced working on Bitcoin interoperability, also announcing the completion of the token swap.
Wanchain Interoperable with Ethereum, Bitcoin Interoperability Next
The team behind the 62nd-best crypto in accordance with the official ranking list, announced Wanchain 2.0 one month back on July 23rd, presenting the latest update as the first cross-chain blockchain-based platform with multiparty computing.
Wanchain decided to evolve from the traditionally isolated blockchain-based environments, stating that although the blockchain technology has been around for nearly 10 years, the majority of the projects within the industry haven’t decided to take advantage of interoperability.
That is how the version 2.0 of Wanchain allows interoperability with Ethereum, promoting a highly interconnected blockchain multiparty computing environment that is also designed to adjust to simple cross-chain integrations with almost any blockchain platform.
The next project the team is already working on since the version 2.0 made them cross-chain compatible with Ethereum, is supposed to interconnect Wanchain platform with Bitcoin, for an increased range of interoperability, which as a consequence adds more to the overall value of Wanchain as a project.
Although there is not a completely reliable way of confirming this assumption, it might be the case that WAN is progressing at an increased pace of growth at the current moment due to the technological improvements the team behind Wanchain is working on, going up by over 17% on August 25th.
With the new version 2.0 as well as with the upcoming version 3.0, Wanchain is offering another perspective of the traditionally known blockchain functions by offering interconnected blockchain-based environments through the Wanchain ecosystem.
This way, Wanchain is introducing g the community with many use cases that could be derived from active interoperability between chains and platforms, finding its purpose in finances, medical industry, supply chain and logistics, and identification alongside with offering multiparty computing at an increased level of security.
The team is planning on further stabilizing the version 2.0 in order to implement the announced BTC interoperability while the team is also planning on offering cross-chain mechanisms to a growing audience of developers in 2019 when the current version should be additionally stabilized.
The team scheduled the release of the new version hosting Bitcoin interoperability at the end of the current year.
Wanchain and Kronos Partnership
The team has also announced on August 22nd that Wanchain has found a new partner in Kronos. Kronos is a financial platform offering services in the domain of trading strategies by providing access to traditional fund managers across the world.
The team behind Wanchain stated that they see a major partner in Kronos in the goal of reimagining financial services through blockchain-based technology. As Wanchain added in their official announcement, Kronos is planning on issuing a dual token in 2019, combining utility and security tokens through a single blockchain-based environment. Moreover, Wanchain will get an ally in Kronos on their way of expanding blockchain financial services.
In which way Kronos will exactly aid Wanchain in the further expansion is yet to be specified.
Wanchain Token Swap Marked as Complete
After announcing the upcoming token swap from ERC-20 based tokens to WAN tokens at the end of January 2018, the team has announced via an official post on Twitter that the token swap has been completed on August 23rd.
Wanchain finished a successful ICO sale back less than a year ago in October 2017, while it released its mainnet in January when the token swap from ERC-20 to Wanchain mainnet Wancoin was announced.
After the increase of over 17% in a single day while the majority of currencies are enjoying a sudden episode of rebound, Wanchain (WAN) is being traded at the price of around 1$, moreover setting a record value of around 9$ back in May.