Confronta ICON (ICX) vs Wanchain (WAN) Coin

Confronta società

Introduction

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.


Background and Vision

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.


Technical Architecture and Interoperability

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.


Token Utility and Network Roles

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.


Applications in Real-World and Ecosystem Development

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.


Security and Network Design

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.


Advantages and Disadvantages

ICON (ICX)

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

Wanchain (WAN)

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


Frequently Asked Questions (FAQ)

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.

Società

User rating

4.3 / 5 3 recensioni degli utenti 4.7 / 5 3 recensioni degli utenti

Cryptogeek rating

4.6 / 5 4.2 / 5

Punteggio di Fiducia

Come funziona
4.45 / 5 4.31 / 5

About

ICON è attualmente basato su criptovaluta Altro protocollo. Puoi controllare la capitalizzazione di mercato e il volume di ICON sul widget del nostro partner. Inoltre puoi vedere l'ultimo prezzo ICX su Cryptogeek.info. Puoi lasciare il tuo feedback e recensioni sulla criptovaluta ICON qui.
Wanchain è attualmente basato sul protocollo EtHash di criptovaluta. Puoi controllare la capitalizzazione di mercato e il volume di Wanchain sul widget del nostro partner. Inoltre puoi vedere l'ultimo prezzo WAN su Cryptogeek.info. Puoi lasciare il tuo feedback e recensioni sulla criptovaluta Wanchain qui.

Tipo

coin coin

Data di lancio

2018 2019

Località:

International USA

Lingue

Nessun dato Nessun dato

Team

Public Public

Protocollo

Nessun dato Nessun dato

Prezzo attuale (USD)

0.1439 0.1265

Più alto di sempre (USD)

12.6400 9.9200

Variazione di prezzo (24 ore)

-5.43 -1.05

Volume (24 ore)

2854204.84615 5283405.27254

Hashrate

Nessun dato Nessun dato

Limite Massimo

800460000.00000 210000000.00000

Totale offerta

Nessun dato Nessun dato

Limite in circolazione

1084978260.49540 198573148.97871

Velocità di transazione / Tempo blocco

8000 Nessun dato

Commissione sulla transazione

Nessun dato Nessun dato

Profitabilità di mining

Nessun dato Nessun dato

Algoritmo

Nessun dato Nessun dato

Proof type

Nessun dato PoS

Completamente estratto

Nessun dato Nessun dato

Smart contract indirizzo

Nessun dato Nessun dato

Totale monete estratte

Nessun dato 106152493.00000

Sta commerciando

Nessun dato yes

Ricompensa di blocco

Nessun dato 0.000000000000

Tempo di blocco

Nessun dato Nessun dato
Società
User rating User rating 4.3 / 5 3 recensioni degli utenti User rating 4.7 / 5 3 recensioni degli utenti
Cryptogeek rating Cryptogeek rating 4.6 / 5 Cryptogeek rating 4.2 / 5
Punteggio di Fiducia Come funziona Punteggio di Fiducia 4.45 / 5 Punteggio di Fiducia 4.31 / 5
About
ICON è attualmente basato su criptovaluta Altro protocollo. Puoi controllare la capitalizzazione di mercato e il volume di ICON sul widget del nostro partner. Inoltre puoi vedere l'ultimo prezzo ICX su Cryptogeek.info. Puoi lasciare il tuo feedback e recensioni sulla criptovaluta ICON qui.
Wanchain è attualmente basato sul protocollo EtHash di criptovaluta. Puoi controllare la capitalizzazione di mercato e il volume di Wanchain sul widget del nostro partner. Inoltre puoi vedere l'ultimo prezzo WAN su Cryptogeek.info. Puoi lasciare il tuo feedback e recensioni sulla criptovaluta Wanchain qui.
Tipo Tipo coin Tipo coin
Data di lancio Data di lancio 2018 Data di lancio 2019
Località: Località: International Località: USA
Lingue Lingue Nessun dato Lingue Nessun dato
Team Team Public Team Public
Protocollo Protocollo Nessun dato Protocollo Nessun dato
Prezzo attuale (USD) Prezzo attuale (USD) 0.1439 Prezzo attuale (USD) 0.1265
Più alto di sempre (USD) Più alto di sempre (USD) 12.6400 Più alto di sempre (USD) 9.9200
Variazione di prezzo (24 ore) Variazione di prezzo (24 ore) -5.43 Variazione di prezzo (24 ore) -1.05
Volume (24 ore) Volume (24 ore) 2854204.84615 Volume (24 ore) 5283405.27254
Hashrate Hashrate Nessun dato Hashrate Nessun dato
Limite Massimo Limite Massimo 800460000.00000 Limite Massimo 210000000.00000
Totale offerta Totale offerta Nessun dato Totale offerta Nessun dato
Limite in circolazione Limite in circolazione 1084978260.49540 Limite in circolazione 198573148.97871
Velocità di transazione / Tempo blocco Velocità di transazione / Tempo blocco 8000 Velocità di transazione / Tempo blocco Nessun dato
Commissione sulla transazione Commissione sulla transazione Nessun dato Commissione sulla transazione Nessun dato
Profitabilità di mining Profitabilità di mining low Profitabilità di mining low
Algoritmo Algoritmo Nessun dato Algoritmo Nessun dato
Proof type Proof type Nessun dato Proof type PoS
Completamente estratto Completamente estratto Nessun dato Completamente estratto Nessun dato
Smart contract indirizzo Smart contract indirizzo Nessun dato Smart contract indirizzo Nessun dato
Totale monete estratte Totale monete estratte Nessun dato Totale monete estratte 106152493.00000
Sta commerciando Sta commerciando Nessun dato Sta commerciando yes
Ricompensa di blocco Ricompensa di blocco Nessun dato Ricompensa di blocco 0.000000000000
Tempo di blocco Tempo di blocco Nessun dato Tempo di blocco Nessun dato

Media

Sito web

icon.foundation wanchain.org

Twitter

@helloiconworld @wanchain_org
Sito web Sito web icon.foundation Sito web wanchain.org
Twitter Twitter @helloiconworld Twitter @wanchain_org

Vantaggi

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.

Svantaggi

Young Not backed They used the word smart contract way too much. - English and Chinese localisations only

Valutazione

User rating User rating 4.3 / 5 3 recensioni degli utenti User rating 4.7 / 5 3 recensioni degli utenti
Cryptogeek rating Cryptogeek rating 4.6 / 5 Cryptogeek rating 4.2 / 5
Vantaggi Vantaggi Interlinking Good Idea Vantaggi - Distributed Ledger and Smart Contract Virtual Machine; - Ecosystem token - Wancoin (WAN); - Consensus mechanism; - Transactions on the network; - Cross-chain integration; - Cross-chain transactions.
Svantaggi Svantaggi Young Not backed They used the word smart contract way too much. Svantaggi - English and Chinese localisations only

La valutazione degli utenti di ICON (ICX) è 4.3, basata sulle recensioni degli utenti di 3. La valutazione degli utenti dell'azienda Wanchain (WAN) è 4.7, basata sulle recensioni degli utenti di 3.

We also calculate the special Cryptogeek TrustScore based on the characteristics of each coin.

Scegliamo il vincitore in base al nostro Punteggio di Fiducia. Ricorda, dipende ancora da te quale compagnia scegliere! Come calcoliamo Il Punteggio di Fiducia?
Punteggio di Fiducia: 4.45 / 5 Scrivi la tua recensione
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Conclusion

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.

Introduction

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.


Background and Vision

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.


Technical Architecture and Interoperability

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.


Token Utility and Network Roles

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.


Applications in Real-World and Ecosystem Development

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.


Security and Network Design

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.


Advantages and Disadvantages

ICON (ICX)

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

Wanchain (WAN)

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


Frequently Asked Questions (FAQ)

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.