So sánh ICON (ICX) với Wanchain (WAN) Coin

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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.

Company

User rating

4.3 / 5 3 user review 4.7 / 5 3 user review

Cryptogeek rating

4.6 / 5 4.2 / 5

Trust Score

How it works
4.45 / 5 4.31 / 5

About

ICON is currently based on cryptocurrency Other protocol. You can check ICON's market cap and volume on widget of our partner. Also you can see the latest ICX price on Cryptogeek.info. You can leave your feedback and reviews about ICON cryptocurrency here.
Wanchain is a blockchain-based distributed superfinance marketplace. This is the definition that the developers whitepaper suggests. It is noteworthy that this loud name hides a really interesting filling. The Wanchain platform allows you to exchange digital assets between other blockchains. It uses the latest cryptographic theories to build a non-proprietary cross-chain and distributed ledger protocol that records both cross-chain and internal transactions.

Type

coin coin

Founding Date

2018 2019

Country

International USA

Languages

No data No data

Team

Public Public

Protocol

No data No data

Current price (USD)

0.1278 0.1170

All-time high (USD)

12.6400 9.9200

Price change (24h)

-1.71 -1.88

Volume (24h)

1997034.27519 4048214.05386

Hashrate

No data No data

Max Supply

800460000.00000 210000000.00000

Total supply

No data No data

Circulating Supply

1085797889.84050 198586711.80117

Transaction speed / Block time

8000 No data

Transaction fee

No data No data

Mining profitability

No data No data

Algorithm

No data No data

Proof type

No data PoS

Fully premined

No data No data

Smart contract address

No data No data

Total coins mined

No data 106152493.00000

Is trading

No data yes

Block reward

No data 0.000000000000

Block time

No data No data
Company
User rating User rating 4.3 / 5 3 user review User rating 4.7 / 5 3 user review
Cryptogeek rating Cryptogeek rating 4.6 / 5 Cryptogeek rating 4.2 / 5
Trust Score How it works Trust Score 4.45 / 5 Trust Score 4.31 / 5
About
ICON is currently based on cryptocurrency Other protocol. You can check ICON's market cap and volume on widget of our partner. Also you can see the latest ICX price on Cryptogeek.info. You can leave your feedback and reviews about ICON cryptocurrency here.
Wanchain is a blockchain-based distributed superfinance marketplace. This is the definition that the developers whitepaper suggests. It is noteworthy that this loud name hides a really interesting filling. The Wanchain platform allows you to exchange digital assets between other blockchains. It uses the latest cryptographic theories to build a non-proprietary cross-chain and distributed ledger protocol that records both cross-chain and internal transactions.
Type Type coin Type coin
Founding Date Founding Date 2018 Founding Date 2019
Country Country International Country USA
Languages Languages No data Languages No data
Team Team Public Team Public
Protocol Protocol No data Protocol No data
Current price (USD) Current price (USD) 0.1278 Current price (USD) 0.1170
All-time high (USD) All-time high (USD) 12.6400 All-time high (USD) 9.9200
Price change (24h) Price change (24h) -1.71 Price change (24h) -1.88
Volume (24h) Volume (24h) 1997034.27519 Volume (24h) 4048214.05386
Hashrate Hashrate No data Hashrate No data
Max Supply Max Supply 800460000.00000 Max Supply 210000000.00000
Total supply Total supply No data Total supply No data
Circulating Supply Circulating Supply 1085797889.84050 Circulating Supply 198586711.80117
Transaction speed / Block time Transaction speed / Block time 8000 Transaction speed / Block time No data
Transaction fee Transaction fee No data Transaction fee No data
Mining profitability Mining profitability low Mining profitability low
Algorithm Algorithm No data Algorithm No data
Proof type Proof type No data Proof type PoS
Fully premined Fully premined No data Fully premined No data
Smart contract address Smart contract address No data Smart contract address No data
Total coins mined Total coins mined No data Total coins mined 106152493.00000
Is trading Is trading No data Is trading yes
Block reward Block reward No data Block reward 0.000000000000
Block time Block time No data Block time No data

Social

Website

icon.foundation wanchain.org

Twitter

@helloiconworld @wanchain_org
Website Website icon.foundation Website wanchain.org
Twitter Twitter @helloiconworld Twitter @wanchain_org

Advantages

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.

Disadvantages

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

Rating

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

ICON (ICX) user rating is 4.3, based on 3 user reviews. Wanchain (WAN) user rating is 4.7, based on 3 user reviews.

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

We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score?
Trust Score: 4.45 / 5 Write review
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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.