Wanchain

Wanchain 5.0 Testnet User Guide for Delegators

Published by Liam on

Wanchain 5.0 Testnet will be fully open for public testing on September 30th, 2020. We really appreciate friends all over the communities to take part in the test of Wanchain 5.0 Testnet.

Wanchain 5.0 Testnet Bounty Program:
https://medium.com/wanchain-foundation/wanchain-5-0-testnet-bounty-program-a820162ee030
Wanchain 5.0 Testnet Bug Report:
https://forms.office.com/Pages/ResponsePage.aspx?id=VPnN3XSIEEqLYwFUDjqIlk-ycC0AzHBFlOYMrVpv55NUNEU1QktDWkMyUlE0TElSTkZFWjU1TUpUUC4u*

1. Background Knowledge

The cross-chain mechanism of Wanchain actually builds a WAN Bridge between two public chains, so that assets on one chain can be integrated into another chain, and vice versa. At the core of a WAN Bridge is a Storeman Group connecting two public chains. Each Storeman Group is a WAN Bridge, and each Storeman Group contains 21 Storeman nodes.

The entire workflow of a Storeman Group is as follows:

For a delegator, you don’t need to fully understand the whole process of the Storeman Group. The most important part for a delegator is 02 and 05, that is, Storeman nodes competition and Storeman Group running period. Similar to PoS, you can choose one of your trusted Storeman and delegate your WAN to this Storeman. The minium amount of WAN for a delegator is 100 WAN. Note, if a Storeman node which are not in the group at present, you will not receive rewards when you delegate WAN to this node.

2. Download Official Wanchain Desktop Wallet

Download official Wanchain Desktop Wallet test version for Wanchain 5.0 Testnet, and generate a WAN address to receive WAN test coins.

Note: please don’t send your mainnet WAN to this test version of WanWallet.

Download link

https://www.explorewanchain.org/#/wallet_and_tools/wan-wallet

Note: Considering the compatibility issue between the new and the old wallets, we highly suggest you backup and reset your wallet and clear local data.

Please ensure that you have backed up the seed phrase of your previous wallet.

If the wallet fails to start up, try renaming the folder “Wan Wallet” as a backup, and then restart your wallet. Take Windows 10 as an example:

Go to Open Data Folder from your WanWallet menu

Go back to the folder Roaming, and rename the folder Wan Wallet

Finnally, restart your wallet.

3. Apply For WAN Test Coins

For delegators, we provide a WAN test coins application website where you can apply for small amount of WAN test coins.

Website for small amount WAN test coins application:

https://wanchain-faucet.vercel.app/

You will immediately receive 200 WAN test coins.

4. How To Delegate WAN To A Storeman

Similar to the delegation mode in Wanchain Galaxy Consensus, as a delegator, you can delegate your WAN to a Storeman in WAN Bridge. Here is the way:

Find the Delegation button:

Click on New Delegation, and choose a Storeman to delegate

You can also top-up your WAN to the same Storeman during the Storeman Group running period. You can withdraw your rewards daily. After a cycle completes, you can withdraw both deposits and rewards.

About Wanchain

Wanchain is the infrastructure connecting the decentralized financial world. Wanchain’s live cross-blockchain solution is EVM-based, includes optional private transactions, and provides a decentralized, permissionless, and secure approach for interoperability. Wanchain has employees globally with teams in China, the USA, and other team members around the world in Asia, Africa, and Europe.

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