Wanchain, a decentralized blockchain interoperability system, recently announced that it has merged its cross-chain infrastructure, which is not custodial, with Polkadot, a sharded heterogeneous multichain blockchain network.
Wanchain connects Polkadot with Other Networks
According to CryptoPotato’s press release, Wanchain deployed multiple bridges linking Polkadot with other blockchain protocols like Ethereum, Moonriver and Wanchain.
This integration will enable project developers from supported networks to create various decentralized apps (dApps), using Polkadot’s native token, the DOT.
Wanchain’s solution aims to remove the difficulties developers have when trying to interact tokens from other blockchain networks.
Its interoperability infrastructure connects Polkadot with a wider array of DeFi cross-chains, allowing DOT trade across multiple chains and use with many EVM-compatible smart contract.
Li Ni, Wanchain’s VP of Business Development and Operations, made the comment in a statement.
We believe that blockchain technology can only be mainstreamed if assets, data and commands are not tied to a single chain. Wanchain installed cross-chain bridges last month connecting Moonriver, Avalanche and the larger cross-chain DeFi sector. Wanchain now connects Polkadot with the rest of blockchain world.
Building an interoperable future
This project is often called the world’s most advanced cross chain solution. It aims to build a highly distributed and interoperable future.
The integration with Polkadot is a significant milestone for Wanchain.
It believes that the blockchain industry continues to develop rapidly and that the next phase in its innovation will be marked with cross-chain interoperability between assets, data and smart contract calls.
Wanchain and Moonbeam, an Ethereum compatible smart contract protocol, teamed up with Polkadot to create a multi-chain solution for the DeFi ecosystem.
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