The World Wide Web has released a white paper to promote collaboration between different block chain networks


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Author: Jeremy Nationn

The chain is another block chain project aimed at facilitating cross-chain cooperation of trading assets.n
nOn Aug. 3, the first white chain of the chain-chain project, launched by China Enterprise Network Technology, highlighted the interoperability protocol that aims to connect multiple block chains together.n
nThe WAN chain structure is above the chain of the Tower of the Tower. As stated in the white paper, the World Wide Web will act as a de-centric bank by enabling individuals to communicate with each other through existing block-chain ecosystems by providing an intermediate platform that utilizes executable distributed code contracts (EDCC). Warmth chain of the original coin is called million coins (WANCoin), the chain of ordinary transactions and cross-chain transactions will consume a certain amount of million. Universal trading on the chain will use the consensus mechanism of equity, while cross-chain transactions require a combination of consensus and incentive mechanisms.n
nAccording to the white paper, we can understand that cross-chain connections need to access the chain of assets registered on the network to ensure that the chain can be uniquely identified on the asset. “The use of multi – party computing and threshold key sharing scheme for joint anchoring, without changing the original chain mechanism on the basis of cross – chain communication protocol to achieve the minimum cost access.n
nWhen an unregistered asset is transferred from the original chain to the universal chain, the UE will use a protocol-based built-in asset template to create a new asset based on the cross-linked transaction information to deploy the new EDCC. When an asset is transferred from the original chain to the universal chain, the omnidirectional chain will issue the corresponding equivalent tokens as a general trading unit within the network. To describe the transfer of assets between the public chain and the Victoria chain, the details of the operation are as follows:n
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nIn this example, Alice and Bob have accounts in the ether and square chains, and Alice needs to transfer 10 Ether (ETH) to Bob. Alice makes a cross-chain transaction request with a chain-based wallet and initiates a transfer transaction in the etherfront, where the recipient is a cross-linked lock account for the WAN chain on the tower; the Wrapping node receives a cross-chain transaction request And verify that the transaction is completed on the etherfront, and then create an equivalent token on the chain that is called “Ether Prime”, consistent with the transfer to Bob’s ETH.n
nThe other chart shows how Bob uses a Wrapper to send a cross-chain transaction to the ETH asset contract and transfer the 10 ETH received from Alice to Chris. The verification node, after receiving the transaction, turns Bob’s value 10 ETH to the locked state. And after the lock is completed, and then use the threshold key sharing mechanism to build a stack of Square transactions. The transaction wallet is a cross-linked lock account that previously locked Alice’s assets, which is Chris’s account at the ethertop. Once the verification of the node verification transaction, the transaction is confirmed in the chain of the APF block, and the 10 ETH locked under the Bob account is cleared; the original asset back to the original chain is successfully returned to Chris’s wallet Then
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nThe WAN chain protocol is likely to take advantage of a de-centric system without trust to achieve cross-platform connectivity for traders who want to send value to each other.n
nWanchain million chain plan in September 2017 to start the global ICO chips, browse the official website to understand the project White Paper: wanchain.org, join the project official micro group: wanchain_infon
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