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What is WuChain (What does WuWu mean)

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What is WuChain? According to the latest announcement from BLab, a blockchain pr

What is WuChain (What does WuWu mean)

What is WuChain? According to the latest announcement from BLab, a blockchain project incubator, WuChain is an open-source decentralized protocol. It allows developers to build trustless applications without sacrificing privacy and security.

The founder and Chief Scientist of this project, CiaraSun, said, “As more and more projects enter this field, we see that some technological solutions will gradually be accepted by people.”

WuChao believes, “Currently, the hottest technology solutions in the market are Bitcoin, Ethereum, and various data structures based on DAG. One major approach is to use a distributed ledger for data management, and seamless interaction can be achieved between these two systems.”

What does WuWu mean?

In the word “Wu”, it refers to “Wu”, which means a series of numbers representing the name of a country, also known as the Wu King.

This word originated from Satoshi Nakamoto’s paper “Bitcoin: A Peer-to-Peer Electronic Cash System.” It is a “double-spending proof” based on cryptographic principles, using blockchain technology, and having features of decentralization, etc. In simple terms, “double-spending” refers to storing transaction records in a user’s wallet on the blockchain or encrypting storage, and transferring funds through on-chain smart contracts, which can achieve privacy leakage (anonymity attack) and reduce trust costs, thus making transactions more convenient, reducing fraudulent behavior, and network security risks.

However, if these three concepts are combined, a very interesting function can be realized — WuWu.

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