Blockchain interoperability has become one of the most sought-after objectives in the crypto space, with several projects working to address this challenge in various ways. Two prominent players in this field are ICON (ICX) and Wanchain (WAN). Both projects aim to connect different blockchains and facilitate the seamless exchange of assets and data across platforms. In this article, we will compare ICON and Wanchain by exploring their background, technology, applications, and impact on the blockchain ecosystem. This comparison will help you determine which platform aligns best with your needs.
ICON (ICX) was launched in 2017 by a South Korean technology company called ICONLOOP. Its vision is to "hyperconnect the world" by creating a large-scale blockchain network that links public blockchains, private business applications, and government institutions. ICON’s goal is to build a decentralized platform where various independent blockchains can communicate with one another using its protocol.
Wanchain (WAN) was also launched in 2017 by Jack Lu. Similar to ICON, Wanchain focuses on blockchain interoperability. Initially created as a fork of Ethereum, Wanchain evolved into its own Layer-1 protocol, capable of smart contract functionality. Its main focus is on cross-chain bridges for transferring digital currencies and enabling decentralized finance (DeFi) protocols.
While both projects focus on blockchain interoperability, ICON is more focused on integrating public and enterprise systems, while Wanchain places a stronger emphasis on cross-chain asset movement and DeFi applications.
ICON uses its own proprietary loopchain infrastructure, a performance-driven blockchain engine capable of supporting multiple use cases such as finance, healthcare, and education. ICON employs the Blockchain Transmission Protocol (BTP) to facilitate communications between heterogeneous blockchains. This protocol enables trustless, secure, and decentralized interoperability between chains.
Wanchain, on the other hand, uses secure multiparty computation (sMPC) and Shamir’s Secret Sharing to build decentralized bridges between blockchains. These bridges enable direct asset transfer between chains like Bitcoin, Ethereum, and Polkadot, among others. Wanchain also supports private transactions through ring signatures and one-time addresses.
While ICON focuses on protocol-level interoperability through BTP, Wanchain builds decentralized bridges for real-time asset transfer and cross-chain decentralized application (dApp) support.
ICON (ICX) serves multiple purposes within the ICON network. It is used for:
Paying transaction fees
Initiating smart contracts
Governance, where token holders vote for Public Representatives (P-Reps) in the network
ICON utilizes a Proof-of-Stake (PoS) system called Delegated Proof-of-Contribution (DPoC), allowing token holders to stake ICX and participate in governance.
Wanchain (WAN) also serves various functions within the Wanchain network, including:
Paying transaction fees and bridge fees for cross-chain transfers
Staking for consensus and validator node rewards
WAN operates under a PoS consensus model, where token holders can delegate their tokens to validators in exchange for staking rewards. WAN is also used to pay gas fees for deploying and interacting with Wanchain smart contracts.
Both tokens are multi-purpose, but ICX is more focused on governance and protocol-level interoperability, while WAN is geared towards enabling DeFi and asset transfer.
ICON has gained traction, particularly in South Korea, by partnering with local government agencies, universities, and businesses. Applications include blockchain ID platforms, education certificate verification, and payment settlement platforms. ICONLOOP’s "MyID" digital identification platform, which is built on the ICON blockchain, is a notable example. ICON also supports dApps like Balanced (a decentralized financial platform) and Omm (a money market protocol).
Wanchain has a stronger focus on DeFi applications, enabling cross-chain transfers of assets, lending, and staking. Wanchain supports wrapped tokens from other blockchains and facilitates cross-chain liquidity through decentralized bridges. Wanchain has also integrated with various Layer-1 chains such as Avalanche, Polygon, and XRP Ledger, enabling native-to-native interaction across chains.
If you are interested in government-integrated solutions, ICON offers a more institutional-focused ecosystem, while Wanchain is ideal for DeFi and cross-chain token management.
Developer Tools and Community Engagement
ICON supports developers with SDKs, Python-contract (SCORE) smart contracts, and comprehensive documentation. The ICONDAO and the ICON Foundation back the community, sponsoring development projects and offering learning resources and grants. ICON’s active GitHub and the continuous evolution of its network are key highlights.
Wanchain offers EVM compatibility, enabling developers to code in Solidity and deploy on the Wanchain network without learning a new language. Tools like MetaMask and Truffle are supported. Wanchain also has a developer portal and frequently releases technical updates, with rewards for bridge operators and stakers.
For Ethereum developers, Wanchain's EVM compatibility is appealing, while ICON provides native tools tailored to its platform.
ICON uses a delegated governance model that gives Public Representatives (P-Reps) significant responsibility in maintaining the network. While this makes ICON more scalable, it can lead to potential centralization risks if not well-balanced. The network has faced minor governance issues in the past but has improved with each update.
Wanchain uses a decentralized approach for cross-chain transfers with sMPC and multi-party coordination, ensuring that assets are securely transferred between chains. The bridge’s complexity can lead to some risks, especially regarding validator coordination and consensus delays. Despite this, Wanchain has not experienced any large-scale breaches and follows a security-conscious design.
Both networks are adequately secured, but ICON relies on elected representatives, while Wanchain targets decentralized coordination.
Pros:
Strong institutional adoption in South Korea
BTP enables protocol-level interconnectivity
Delegated PoS with staking and decentralized governance
Cons:
Less focus on global DeFi integrations
Non-EVM-compatible
Smaller ecosystem outside South Korea
Pros:
Decentralized bridges for large asset transfers
EVM-compatible smart contract platform
Active DeFi integrations and wrapped tokens
Cons:
Lower global awareness
Complex bridge design requires validator coordination
Limited usage outside DeFi and token transfers
Can I stake both ICX and WAN?
Yes. Both ICX and WAN tokens support staking, and rewards can be earned by delegating tokens to validators or participating in governance.
Is ICON EVM-compatible like Wanchain?
No. ICON uses its proprietary SCORE smart contract platform, while Wanchain is compatible with Ethereum’s EVM and Solidity.
Which coin is more practical for real-world use?
ICON has more real-world integrations in businesses and public services, while Wanchain is more focused on DeFi and cross-chain asset transfers.
Do these coins list on major exchanges?
Yes, both ICX and WAN are listed on major exchanges like Binance, KuCoin, and Gate.io.
कंपनी |
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3 उपयोगकर्ता समीक्षाएँ | 3 उपयोगकर्ता समीक्षाएँ |
ICON वर्तमान में क्रिप्टोक्यूरेंसी अन्य प्रोटोकॉल पर आधारित है। आप हमारे भागीदार के विजेट पर ICON के मार्केट कैप और वॉल्यूम की जांच कर सकते हैं। इसके अलावा आप Cryptogeek.info पर नवीनतम ICX मूल्य देख सकते हैं। आप यहाँ ICON cryptocurrency के बारे में अपनी प्रतिक्रिया और समीक्षा छोड़ सकते हैं।
|
Wanchain वर्तमान में cryptocurrency EtHash प्रोटोकॉल पर आधारित है। आप हमारे साथी के विजेट पर वांचिन के मार्केट कैप और वॉल्यूम की जांच कर सकते हैं। इसके अलावा आप Cryptogeek.info पर नवीनतम WAN मूल्य देख सकते हैं। आप यहाँ Wanchain cryptocurrency के बारे में अपनी प्रतिक्रिया और समीक्षा छोड़ सकते हैं।
|
coin | coin |
2018 | 2019 |
International | USA |
कोई आकड़ा उपलब्ध नहीं है | कोई आकड़ा उपलब्ध नहीं है |
Public | Public |
कोई आकड़ा उपलब्ध नहीं है | कोई आकड़ा उपलब्ध नहीं है |
0.1278 | 0.1170 |
12.6400 | 9.9200 |
-1.71 | -1.88 |
1997034.27519 | 4048214.05386 |
कोई आकड़ा उपलब्ध नहीं है | कोई आकड़ा उपलब्ध नहीं है |
800460000.00000 | 210000000.00000 |
कोई आकड़ा उपलब्ध नहीं है | कोई आकड़ा उपलब्ध नहीं है |
1085797889.84050 | 198586711.80117 |
8000 | कोई आकड़ा उपलब्ध नहीं है |
कोई आकड़ा उपलब्ध नहीं है | कोई आकड़ा उपलब्ध नहीं है |
कोई आकड़ा उपलब्ध नहीं है | कोई आकड़ा उपलब्ध नहीं है |
कोई आकड़ा उपलब्ध नहीं है | कोई आकड़ा उपलब्ध नहीं है |
कोई आकड़ा उपलब्ध नहीं है | PoS |
कोई आकड़ा उपलब्ध नहीं है | कोई आकड़ा उपलब्ध नहीं है |
कोई आकड़ा उपलब्ध नहीं है | कोई आकड़ा उपलब्ध नहीं है |
कोई आकड़ा उपलब्ध नहीं है | 106152493.00000 |
कोई आकड़ा उपलब्ध नहीं है | yes |
कोई आकड़ा उपलब्ध नहीं है | 0.000000000000 |
कोई आकड़ा उपलब्ध नहीं है | कोई आकड़ा उपलब्ध नहीं है |
कंपनी | ||
---|---|---|
Cryptogeek उपयोगकर्ता रेटिंग | 3 उपयोगकर्ता समीक्षाएँ | 3 उपयोगकर्ता समीक्षाएँ |
Cryptogeek विशेषज्ञ रेटिंग | ||
ट्रस्ट स्कोर यह काम किस प्रकार करता है |
के बारे में |
ICON वर्तमान में क्रिप्टोक्यूरेंसी अन्य प्रोटोकॉल पर आधारित है। आप हमारे भागीदार के विजेट पर ICON के मार्केट कैप और वॉल्यूम की जांच कर सकते हैं। इसके अलावा आप Cryptogeek.info पर नवीनतम ICX मूल्य देख सकते हैं। आप यहाँ ICON cryptocurrency के बारे में अपनी प्रतिक्रिया और समीक्षा छोड़ सकते हैं।
|
Wanchain वर्तमान में cryptocurrency EtHash प्रोटोकॉल पर आधारित है। आप हमारे साथी के विजेट पर वांचिन के मार्केट कैप और वॉल्यूम की जांच कर सकते हैं। इसके अलावा आप Cryptogeek.info पर नवीनतम WAN मूल्य देख सकते हैं। आप यहाँ Wanchain cryptocurrency के बारे में अपनी प्रतिक्रिया और समीक्षा छोड़ सकते हैं।
|
---|---|---|
प्रकार | प्रकार coin | प्रकार coin |
संस्थापक तिथि | संस्थापक तिथि 2018 | संस्थापक तिथि 2019 |
देश | देश International | देश USA |
बोली | बोली कोई आकड़ा उपलब्ध नहीं है | बोली कोई आकड़ा उपलब्ध नहीं है |
टीम | टीम Public | टीम Public |
मसविदा बनाना | मसविदा बनाना कोई आकड़ा उपलब्ध नहीं है | मसविदा बनाना कोई आकड़ा उपलब्ध नहीं है |
वर्तमान मूल्य (USD) | वर्तमान मूल्य (USD) 0.1278 | वर्तमान मूल्य (USD) 0.1170 |
सभी समय उच्च (USD) | सभी समय उच्च (USD) 12.6400 | सभी समय उच्च (USD) 9.9200 |
मूल्य परिवर्तन (24 h) | मूल्य परिवर्तन (24 h) -1.71 | मूल्य परिवर्तन (24 h) -1.88 |
मात्रा (24 ह) | मात्रा (24 ह) 1997034.27519 | मात्रा (24 ह) 4048214.05386 |
घपलेबाज़ी का दर | घपलेबाज़ी का दर कोई आकड़ा उपलब्ध नहीं है | घपलेबाज़ी का दर कोई आकड़ा उपलब्ध नहीं है |
अधिकतम आपूर्ति | अधिकतम आपूर्ति 800460000.00000 | अधिकतम आपूर्ति 210000000.00000 |
कुल आपूर्ति | कुल आपूर्ति कोई आकड़ा उपलब्ध नहीं है | कुल आपूर्ति कोई आकड़ा उपलब्ध नहीं है |
परिसंचारी आपूर्ति | परिसंचारी आपूर्ति 1085797889.84050 | परिसंचारी आपूर्ति 198586711.80117 |
लेनदेन की गति / ब्लॉक समय | लेनदेन की गति / ब्लॉक समय 8000 | लेनदेन की गति / ब्लॉक समय कोई आकड़ा उपलब्ध नहीं है |
लेनदेन शुल्क | लेनदेन शुल्क कोई आकड़ा उपलब्ध नहीं है | लेनदेन शुल्क कोई आकड़ा उपलब्ध नहीं है |
खनन लाभप्रदता | खनन लाभप्रदता low | खनन लाभप्रदता low |
कलन विधि | कलन विधि कोई आकड़ा उपलब्ध नहीं है | कलन विधि कोई आकड़ा उपलब्ध नहीं है |
प्रमाण प्रकार | प्रमाण प्रकार कोई आकड़ा उपलब्ध नहीं है | प्रमाण प्रकार PoS |
पूरी तरह से खनन | पूरी तरह से खनन कोई आकड़ा उपलब्ध नहीं है | पूरी तरह से खनन कोई आकड़ा उपलब्ध नहीं है |
स्मार्ट अनुबंध का पता | स्मार्ट अनुबंध का पता कोई आकड़ा उपलब्ध नहीं है | स्मार्ट अनुबंध का पता कोई आकड़ा उपलब्ध नहीं है |
कुल सिक्के खनन किए | कुल सिक्के खनन किए कोई आकड़ा उपलब्ध नहीं है | कुल सिक्के खनन किए 106152493.00000 |
कारोबार किया जा रहा है | कारोबार किया जा रहा है कोई आकड़ा उपलब्ध नहीं है | कारोबार किया जा रहा है yes |
ब्लॉक इनाम | ब्लॉक इनाम कोई आकड़ा उपलब्ध नहीं है | ब्लॉक इनाम 0.000000000000 |
ब्लॉक समय | ब्लॉक समय कोई आकड़ा उपलब्ध नहीं है | ब्लॉक समय कोई आकड़ा उपलब्ध नहीं है |
icon.foundation | wanchain.org |
@helloiconworld | @wanchain_org |
वेबसाइट | वेबसाइट icon.foundation | वेबसाइट wanchain.org |
---|---|---|
ट्विटर | ट्विटर @helloiconworld | ट्विटर @wanchain_org |
Interlinking Good Idea | - Distributed Ledger and Smart Contract Virtual Machine; - Ecosystem token - Wancoin (WAN); - Consensus mechanism; - Transactions on the network; - Cross-chain integration; - Cross-chain transactions. |
Young Not backed They used the word smart contract way too much. | - English and Chinese localisations only |
Cryptogeek उपयोगकर्ता रेटिंग | Cryptogeek उपयोगकर्ता रेटिंग 3 उपयोगकर्ता समीक्षाएँ | Cryptogeek उपयोगकर्ता रेटिंग 3 उपयोगकर्ता समीक्षाएँ |
---|---|---|
Cryptogeek विशेषज्ञ रेटिंग | Cryptogeek विशेषज्ञ रेटिंग | Cryptogeek विशेषज्ञ रेटिंग |
लाभ | लाभ Interlinking Good Idea | लाभ - Distributed Ledger and Smart Contract Virtual Machine; - Ecosystem token - Wancoin (WAN); - Consensus mechanism; - Transactions on the network; - Cross-chain integration; - Cross-chain transactions. |
नुकसान | नुकसान Young Not backed They used the word smart contract way too much. | नुकसान - English and Chinese localisations only |
ICON (ICX) उपयोगकर्ता रेटिंग 4.3 है, जो 3 उपयोगकर्ता समीक्षाओं पर आधारित है। Wanchain (WAN) उपयोगकर्ता रेटिंग 4.7 है, 3 उपयोगकर्ता समीक्षाओं के आधार पर।
We also calculate the special Cryptogeek TrustScore based on the characteristics of each coin.
हम अपने ट्रस्टस्कोर रेटिंग के आधार पर विजेता चुनते हैं। कृपया याद रखें, यह अभी भी आप पर निर्भर है कि किस कंपनी को चुनना है! हम विश्वास स्कोर की गणना कैसे करते हैं? |
The comparison between ICON (ICX) and Wanchain (WAN) shows two distinct paths towards blockchain interconnectivity. ICON is a protocol-level platform designed for connecting public and private blockchains, targeting institutional adoption in South Korea. Wanchain, on the other hand, is focused on decentralized finance, creating bridges for asset transfers between blockchains. If you are interested in a platform with public-sector applications and unique identity models, ICON is the better option. For decentralized, cross-chain asset transfer in a DeFi context, Wanchain offers broader functionality. Both projects contribute to a more interconnected blockchain world, but from different perspectives.
Blockchain interoperability has become one of the most sought-after objectives in the crypto space, with several projects working to address this challenge in various ways. Two prominent players in this field are ICON (ICX) and Wanchain (WAN). Both projects aim to connect different blockchains and facilitate the seamless exchange of assets and data across platforms. In this article, we will compare ICON and Wanchain by exploring their background, technology, applications, and impact on the blockchain ecosystem. This comparison will help you determine which platform aligns best with your needs.
ICON (ICX) was launched in 2017 by a South Korean technology company called ICONLOOP. Its vision is to "hyperconnect the world" by creating a large-scale blockchain network that links public blockchains, private business applications, and government institutions. ICON’s goal is to build a decentralized platform where various independent blockchains can communicate with one another using its protocol.
Wanchain (WAN) was also launched in 2017 by Jack Lu. Similar to ICON, Wanchain focuses on blockchain interoperability. Initially created as a fork of Ethereum, Wanchain evolved into its own Layer-1 protocol, capable of smart contract functionality. Its main focus is on cross-chain bridges for transferring digital currencies and enabling decentralized finance (DeFi) protocols.
While both projects focus on blockchain interoperability, ICON is more focused on integrating public and enterprise systems, while Wanchain places a stronger emphasis on cross-chain asset movement and DeFi applications.
ICON uses its own proprietary loopchain infrastructure, a performance-driven blockchain engine capable of supporting multiple use cases such as finance, healthcare, and education. ICON employs the Blockchain Transmission Protocol (BTP) to facilitate communications between heterogeneous blockchains. This protocol enables trustless, secure, and decentralized interoperability between chains.
Wanchain, on the other hand, uses secure multiparty computation (sMPC) and Shamir’s Secret Sharing to build decentralized bridges between blockchains. These bridges enable direct asset transfer between chains like Bitcoin, Ethereum, and Polkadot, among others. Wanchain also supports private transactions through ring signatures and one-time addresses.
While ICON focuses on protocol-level interoperability through BTP, Wanchain builds decentralized bridges for real-time asset transfer and cross-chain decentralized application (dApp) support.
ICON (ICX) serves multiple purposes within the ICON network. It is used for:
Paying transaction fees
Initiating smart contracts
Governance, where token holders vote for Public Representatives (P-Reps) in the network
ICON utilizes a Proof-of-Stake (PoS) system called Delegated Proof-of-Contribution (DPoC), allowing token holders to stake ICX and participate in governance.
Wanchain (WAN) also serves various functions within the Wanchain network, including:
Paying transaction fees and bridge fees for cross-chain transfers
Staking for consensus and validator node rewards
WAN operates under a PoS consensus model, where token holders can delegate their tokens to validators in exchange for staking rewards. WAN is also used to pay gas fees for deploying and interacting with Wanchain smart contracts.
Both tokens are multi-purpose, but ICX is more focused on governance and protocol-level interoperability, while WAN is geared towards enabling DeFi and asset transfer.
ICON has gained traction, particularly in South Korea, by partnering with local government agencies, universities, and businesses. Applications include blockchain ID platforms, education certificate verification, and payment settlement platforms. ICONLOOP’s "MyID" digital identification platform, which is built on the ICON blockchain, is a notable example. ICON also supports dApps like Balanced (a decentralized financial platform) and Omm (a money market protocol).
Wanchain has a stronger focus on DeFi applications, enabling cross-chain transfers of assets, lending, and staking. Wanchain supports wrapped tokens from other blockchains and facilitates cross-chain liquidity through decentralized bridges. Wanchain has also integrated with various Layer-1 chains such as Avalanche, Polygon, and XRP Ledger, enabling native-to-native interaction across chains.
If you are interested in government-integrated solutions, ICON offers a more institutional-focused ecosystem, while Wanchain is ideal for DeFi and cross-chain token management.
Developer Tools and Community Engagement
ICON supports developers with SDKs, Python-contract (SCORE) smart contracts, and comprehensive documentation. The ICONDAO and the ICON Foundation back the community, sponsoring development projects and offering learning resources and grants. ICON’s active GitHub and the continuous evolution of its network are key highlights.
Wanchain offers EVM compatibility, enabling developers to code in Solidity and deploy on the Wanchain network without learning a new language. Tools like MetaMask and Truffle are supported. Wanchain also has a developer portal and frequently releases technical updates, with rewards for bridge operators and stakers.
For Ethereum developers, Wanchain's EVM compatibility is appealing, while ICON provides native tools tailored to its platform.
ICON uses a delegated governance model that gives Public Representatives (P-Reps) significant responsibility in maintaining the network. While this makes ICON more scalable, it can lead to potential centralization risks if not well-balanced. The network has faced minor governance issues in the past but has improved with each update.
Wanchain uses a decentralized approach for cross-chain transfers with sMPC and multi-party coordination, ensuring that assets are securely transferred between chains. The bridge’s complexity can lead to some risks, especially regarding validator coordination and consensus delays. Despite this, Wanchain has not experienced any large-scale breaches and follows a security-conscious design.
Both networks are adequately secured, but ICON relies on elected representatives, while Wanchain targets decentralized coordination.
Pros:
Strong institutional adoption in South Korea
BTP enables protocol-level interconnectivity
Delegated PoS with staking and decentralized governance
Cons:
Less focus on global DeFi integrations
Non-EVM-compatible
Smaller ecosystem outside South Korea
Pros:
Decentralized bridges for large asset transfers
EVM-compatible smart contract platform
Active DeFi integrations and wrapped tokens
Cons:
Lower global awareness
Complex bridge design requires validator coordination
Limited usage outside DeFi and token transfers
Can I stake both ICX and WAN?
Yes. Both ICX and WAN tokens support staking, and rewards can be earned by delegating tokens to validators or participating in governance.
Is ICON EVM-compatible like Wanchain?
No. ICON uses its proprietary SCORE smart contract platform, while Wanchain is compatible with Ethereum’s EVM and Solidity.
Which coin is more practical for real-world use?
ICON has more real-world integrations in businesses and public services, while Wanchain is more focused on DeFi and cross-chain asset transfers.
Do these coins list on major exchanges?
Yes, both ICX and WAN are listed on major exchanges like Binance, KuCoin, and Gate.io.