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.
Società |
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3 recensioni degli utenti | 3 recensioni degli utenti |
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.
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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.
|
coin | coin |
2018 | 2019 |
International | USA |
Nessun dato | Nessun dato |
Public | Public |
Nessun dato | Nessun dato |
0.1439 | 0.1265 |
12.6400 | 9.9200 |
-5.43 | -1.05 |
2854204.84615 | 5283405.27254 |
Nessun dato | Nessun dato |
800460000.00000 | 210000000.00000 |
Nessun dato | Nessun dato |
1084978260.49540 | 198573148.97871 |
8000 | Nessun dato |
Nessun dato | Nessun dato |
Nessun dato | Nessun dato |
Nessun dato | Nessun dato |
Nessun dato | PoS |
Nessun dato | Nessun dato |
Nessun dato | Nessun dato |
Nessun dato | 106152493.00000 |
Nessun dato | yes |
Nessun dato | 0.000000000000 |
Nessun dato | Nessun dato |
Società | ||
---|---|---|
User rating | 3 recensioni degli utenti | 3 recensioni degli utenti |
Cryptogeek rating | ||
Punteggio di Fiducia Come funziona |
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.
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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.
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---|---|---|
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 |
icon.foundation | wanchain.org |
@helloiconworld | @wanchain_org |
Sito web | Sito web icon.foundation | Sito web wanchain.org |
---|---|---|
Twitter @helloiconworld | Twitter @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 |
User rating | User rating 3 recensioni degli utenti | User rating 3 recensioni degli utenti |
---|---|---|
Cryptogeek rating | Cryptogeek rating | Cryptogeek rating |
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? |
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.