Jack Lu Talks About Wanchain Operations
As cryptocurrency world surges upwards, Jack Lu has emerged as a force to reckon with. He is among top investors in the industry. However, the need for innovation is always rising.
Jack Lu who is the boss of the Wanchain project recently revealed to fellow investor Lil Uzi Vertcoin how Wanchain operates. Lu is known to have joined the crypto industry about six years ago. With the thriving bitcoin, the economics graduate bought his assets a year later after joining hands with friends.
His friends urged him to study ethereum, the second largest crypto. He bought the idea of ethereum where he decided to use his skills as a computer programmer. He later got an offer as a CTO at Factom, a position that gave him a chance to interact with Vitalik Buterin, the father of ethereum. Buterin lauded the progress of Fatcom at the time.
In a recent interview, Lu said that he views Buterin a role model. He notes that he managed to read everything about him while researching about ethereum. He revealed that they collaborated with Buterin for some time helping Fatcom draft the white paper.
Lu served as the CTO for about 24 months where he was equipped with different ideas and relevant experience which acted as the anchor for the Wanchain project. Entry of Wanchain in the industry has been lauded as the next big thing.
In a nutshell, Wanchain plans to develop a platform for the digital economy through different tokenized assets from numerous blockchains. The project plans to ensure all blockchains taking part will operate in an efficient manner. According to Lu, despite appearing to be impossible, the project has shown promising signs with different investors showing support.
Lu also operates a similar project dubbed Wanlabs that seeks to mentor budding startups. Unlike other investors, Wanlabs helps in rolling out of privacy specs. It will then make it easier to link, join and exchange value in digital assets.
Lu expects the two projects to reach their full potential and contribute to the growth of the blockchain network.
On matters crypto markets, Lu cautioned against short-term investments. He, however, warned that with the volatility of the market, anything can happen. He added that for long-term investments, an effective underlying structure needs to be in place.