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.
Компания |
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3 отзыва | 3 отзыва |
ICON в настоящее время основан на криптовалюте Другой протокол. Вы можете проверить рыночную капитализацию ICON и объем на виджете нашего партнера. Также вы можете увидеть последние цены ICX на Cryptogeek.info. Вы можете оставить свой отзыв и отзывы о криптовалюте ICON здесь.
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Wanchain в настоящее время основан на криптовалютном протоколе EtHash. Вы можете проверить рыночную капитализацию и объем Wanchain на виджете нашего партнера. Также вы можете увидеть последнюю цену WAN на Cryptogeek.info. Вы можете оставить свой отзыв и отзывы о криптовалюте Wanchain здесь.
|
coin | coin |
2018 | 2019 |
International | USA |
Нет данных | Нет данных |
Public | Public |
Нет данных | Нет данных |
0.1278 | 0.1170 |
12.6400 | 9.9200 |
-1.71 | -1.88 |
1997034.27519 | 4048214.05386 |
Нет данных | Нет данных |
800460000.00000 | 210000000.00000 |
Нет данных | Нет данных |
1085797889.84050 | 198586711.80117 |
8000 | Нет данных |
Нет данных | Нет данных |
Нет данных | Нет данных |
Нет данных | Нет данных |
Нет данных | PoS |
Нет данных | Нет данных |
Нет данных | Нет данных |
Нет данных | 106152493.00000 |
Нет данных | yes |
Нет данных | 0.000000000000 |
Нет данных | Нет данных |
Компания | ||
---|---|---|
User rating | 3 отзыва | 3 отзыва |
Cryptogeek rating | ||
Trust Score Как это работает |
Описание |
ICON в настоящее время основан на криптовалюте Другой протокол. Вы можете проверить рыночную капитализацию ICON и объем на виджете нашего партнера. Также вы можете увидеть последние цены ICX на Cryptogeek.info. Вы можете оставить свой отзыв и отзывы о криптовалюте ICON здесь.
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Wanchain в настоящее время основан на криптовалютном протоколе EtHash. Вы можете проверить рыночную капитализацию и объем Wanchain на виджете нашего партнера. Также вы можете увидеть последнюю цену WAN на Cryptogeek.info. Вы можете оставить свой отзыв и отзывы о криптовалюте Wanchain здесь.
|
---|---|---|
Тип | Тип coin | Тип coin |
Год основания | Год основания 2018 | Год основания 2019 |
Страна | Страна International | Страна USA |
Языки | Языки Нет данных | Языки Нет данных |
Команда | Команда Public | Команда Public |
Протокол | Протокол Нет данных | Протокол Нет данных |
Текущая цена (USD) | Текущая цена (USD) 0.1278 | Текущая цена (USD) 0.1170 |
Цена - Исторический максимум (USD) | Цена - Исторический максимум (USD) 12.6400 | Цена - Исторический максимум (USD) 9.9200 |
Изменение цены (24 часа) | Изменение цены (24 часа) -1.71 | Изменение цены (24 часа) -1.88 |
Объём (24 часа) | Объём (24 часа) 1997034.27519 | Объём (24 часа) 4048214.05386 |
Хэшрейт (Hashrate) | Хэшрейт (Hashrate) Нет данных | Хэшрейт (Hashrate) Нет данных |
Максимальное предложение | Максимальное предложение 800460000.00000 | Максимальное предложение 210000000.00000 |
Total supply | Total supply Нет данных | Total supply Нет данных |
Circulating Supply | Circulating Supply 1085797889.84050 | Circulating Supply 198586711.80117 |
Скорость транзакции / Время, необходимое для создания блока | Скорость транзакции / Время, необходимое для создания блока 8000 | Скорость транзакции / Время, необходимое для создания блока Нет данных |
Комиссия за транзакцию | Комиссия за транзакцию Нет данных | Комиссия за транзакцию Нет данных |
Прибыльность майнинга | Прибыльность майнинга low | Прибыльность майнинга low |
Алгоритм | Алгоритм Нет данных | Алгоритм Нет данных |
Proof type | Proof type Нет данных | Proof type PoS |
Полностью смайнено заранее: | Полностью смайнено заранее: Нет данных | Полностью смайнено заранее: Нет данных |
Smart contract address | Smart contract address Нет данных | Smart contract address Нет данных |
Всего монет намайнено: | Всего монет намайнено: Нет данных | Всего монет намайнено: 106152493.00000 |
Торгуется | Торгуется Нет данных | Торгуется yes |
Награда за блок | Награда за блок Нет данных | Награда за блок 0.000000000000 |
Время блока | Время блока Нет данных | Время блока Нет данных |
icon.foundation | wanchain.org |
@helloiconworld | @wanchain_org |
Веб-сайт | Веб-сайт icon.foundation | Веб-сайт wanchain.org |
---|---|---|
Twitter @helloiconworld | Twitter @wanchain_org |
Interlinking Good Idea | - Распределенная книга и виртуальная машина смарт-контрактов; - Токен экосистемы - Wancoin (WAN); - Механизм консенсуса; - Сделки в сети; - Межсетевое взаимодействие; - Межсетевые транзакции. |
Young Not backed They used the word smart contract way too much. | - Только английский и китайский языки. |
User rating | User rating 3 отзыва | User rating 3 отзыва |
---|---|---|
Cryptogeek rating | Cryptogeek rating | Cryptogeek rating |
Преимущества | Преимущества Interlinking Good Idea | Преимущества - Распределенная книга и виртуальная машина смарт-контрактов; - Токен экосистемы - Wancoin (WAN); - Механизм консенсуса; - Сделки в сети; - Межсетевое взаимодействие; - Межсетевые транзакции. |
Недостатки | Недостатки Young Not backed They used the word smart contract way too much. | Недостатки - Только английский и китайский языки. |
Рейтинг пользователей ICON (ICX) равен 4.3, на основании 3 отзывов. Рейтинг пользователей Wanchain (WAN) равен 4.7, на основании 3 отзывов.
We also calculate the special Cryptogeek TrustScore based on the characteristics of each coin.
Мы выбираем победителя на основании нашего рейтинга доверия. Помните, что вам решать, какую компанию следует выбрать. Как мы рассчитываем рейтинг? |
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.