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About YUAN

The Yuan Chain is an enterprise blockchain software-as-a-service (SaaS) platform that aims to make the usage of blockchain technology easy across the world. According to the whitepaper, the Yuan Chain offers an ecosystem that comprises its native public blockchain, i.e., Yuan Chain, private blockchains, and alliance blockchains. 

In the current scenario, enterprises and individuals face three major challenges when using blockchain technology: searching application scenarios, difficulty searching for a development team that can comprehend blockchain technology, and difficulty in accomplishing a sufficiently safe blockchain. Therefore, the Yuan Chain is a platform that seeks to solve all these issues by offering blockchain SaaS. Enterprises and individuals can adopt blockchain technology and the services based on it along with security without going through any skyrocketing development costs. 

The primary public chain of the platform seeks to provide the benefits of high stability, ease of connection and usage, and high concurrency. The platform intends to offer an easy and quick way to integrate blockchain technology with the specific application scenarios of users to maintain pace. The platform takes advantage of Bitcoin, Ethereum, and Bitcoin shares (BTS) and plans to integrate innovative technology to build a new architecture of blockchain network. The Yuan Chain platform also supports an obstacle-free circulation of digital currencies and items among the public, consortium, and private chains. 

The native cryptographictoken of the Yuan platform is YUAN, which is an ERC20 token built on the Ethereum blockchain. YUAN has been designed to be employed only for the services of the Yuan Chain platform such as running smart contracts, receiving services, running distributed applications, and implementing transactions. The mechanism offers economic incentives that encourage users to participate and uphold the ecosystem on the platform. Also, the token is a nonrefundable utility token, employed as the unit of exchange between various participants on the Yuan Chain platform. 

YUAN tokens were released in January 2018. In July 2019, YUAN wallets and assets were released to complete the basic framework of the Yuan platform. The people in the advisory group of Yuan involve Lianjin Huang and Chunyang Li. 

The total supply of YUAN tokens is ten billion. 

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Canada News about YUAN

BeInCrypto • May 02, 24

MicroStrategy Enters Decentralized Identity Arena with Bitcoin-powered Protocol

MicroStrategy strengthen its focus on Bitcoin innovation by introducing Orange, a Bitcoin-based DID protocol.The post MicroStrategy Enters Decentralized Identity Arena with Bitcoin-powered Protocol appeared first on BeInCrypto.

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The Block • May 02, 24

MicroStrategy plans to launch decentralized ID solution: report

Microstrategy unveiled plans to launch a decentralized identity solution at a business presentation, according to an influencer on X.

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Bitcoin Magazine • May 02, 24

Texas A&M Professor to Launch Bitcoin Research Institute

Texas A&M Professor Korok Ray announced the launch of the Bitcoin Research Institute to explore the integration of Bitcoin and artificial intelligence.

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Decrypt • May 02, 24

MicroStrategy Is Building ‘Decentralized ID’ on Bitcoin Using Ordinals-Like Inscriptions

Michael Saylor announced the Orange protocol for decentralized identification, hoping to anchor digital identities in the dominant blockchain.

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BeInCrypto • May 01, 24

Celestia (TIA) Price Targets $7 as Investors Pull Back

Celestia's price is in a potential reversal stage and could so so only if the altcoin manages to bounce off these key.The post Celestia (TIA) Price Targets $7 as Investors Pull Back appeared first on BeInCrypto.

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Bitcoin Magazine • May 01, 24

MicroStrategy Announces Decentralized ID Platform On Bitcoin Called MicroStrategy Orange

Michael Saylor and the MicroStrategy EVP of Engineering announce the company's latest Bitcoin innovation at MicroStrategy World: Bitcoin for Corporations 2024.

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YUAN is on the rise this week.

The price of YUAN has increased by 100.00% in the last hour and increased by 100.00% in the past 24 hours. YUAN’s price has also risen by 100.00% in the past week.

FAQ

What is the current price of YUAN?

We update our YUAN to CAD currency in real-time. Get the live price of YUAN on Coinbase.

Can I buy YUAN on Coinbase?

Yes, YUAN is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy YUAN guide.