Wanchain Opened First Governance Vote
Wanchain opened its first governance proposal. WAN holders will decide whether to increase the share of Convert n' Burn fees allocated to token burns.Refer to the official tweet by WAN:Every great journey begins with a single step!Our first-ever governance proposal is now live!Do you support a higher burn rate in Convert n' Burn?You get to decide 🔥 WAN InfoWanchain is a decentralized financial platform that enables the exchange of digital assets across various blockchains. The project was launched in 2017 and aims to create a “new distributed financial infrastructure” by connecting different blockchains to facilitate interaction between them.Wanchain uses a Proof of Stake consensus algorithm called Galaxy Consensus that leverages a variety of cryptographic schemes including distributed secret sharing and threshold signatures to improve random number generation and block production mechanisms. Galaxy Consensus, developed by world-class researchers and academics, is a continuation of Cardano’s Ouroboros.WAN or Wancoin is the native currency of Wanchain. All Wanchain transactions, cross chain transactions, and smart contracts are powered by WAN.