wanETH Price (WANETH)
$1,088.28
6.90%
wanETH Price Chart (WANETH/USD)
Last updated 22 Jun 2022, 09:12AM UTC. Currency in USD.
Markets
# | Exchange | Pair | Price | Spread | Volume(24h) | Trust |
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WANETH Price Statistics
- wanETH Price Now $1,088
- 24h Low / 24h High $1,078 / $1,194
- Trading Volume $4,571
- Market Cap Rank #0
- Market Cap $0
- Volume / Market Cap 0.0000
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All-Time High
$4,040 -73.38%
Mar 04, 2022 -
All-Time Low
$100 20.25%
Jun 18, 2022
What is wanETH Cryptocurrency?
Introduction
WanETH is a cryptocurrency that operates on the Wanchain network. It is a digital asset designed to bring together the benefits of Ethereum and Wanchain into a single platform. This unique combination allows users to access the features and capabilities of both networks, providing enhanced functionality and usability.
Features
WanETH inherits Ethereum's smart contract capabilities, enabling developers to create decentralized applications (DApps) and execute complex transactions directly on the blockchain. It ensures compatibility with existing Ethereum-based applications, making it seamless for developers to migrate or integrate with the Wanchain network.
Additionally, WanETH leverages Wanchain's cross-chain technology, enabling secure and decentralized asset transfers between different blockchains. This feature allows users to move assets, such as ETH, Bitcoin, or other cryptocurrencies, seamlessly across various networks. It brings interoperability and expands the possibilities for financial applications.
Benefits and Use Cases
One of the key advantages of WanETH is its improved privacy features. By leveraging Wanchain's private transactions, users can selectively disclose transaction details while keeping the rest confidential. This ensures the privacy and security of sensitive information, making it an attractive option for businesses handling sensitive data.
Moreover, WanETH aims to provide a more scalable solution compared to Ethereum. With Wanchain's Proof of Stake consensus algorithm, it allows for faster transaction processing times and reduces energy consumption. This scalability ensures a smooth user experience and enables the network to handle a higher volume of transactions.
Conclusion
WanETH cryptocurrency merges the strengths of Ethereum and Wanchain, offering a powerful and versatile platform for building decentralized applications and facilitating cross-chain transactions. With enhanced privacy features and improved scalability, WanETH addresses significant challenges faced by traditional blockchain networks. As the cryptocurrency ecosystem continues to evolve, WanETH strives to be at the forefront of innovation, providing users with an array of possibilities in the decentralized finance landscape.