Posted 9 months ago | by Catoshi Nakamoto
Wanchain and Avalanche are delighted to announce an integration of Wanchain’s innovative decentralised, non-custodial crosschain infrastructure with Avalanche’s C-chain. Additionally, the two industry leaders are teaming up to further the development of truly decentralised crosschain applications to power the future of DeFi.
This collaboration marries Wanchain’s unique, decentralised, non-custodial crosschain bridges and Avalanche’s unmatched ecosystem of projects and applications. Avalanche and its ecosystem projects will use Wanchain’s crosschain blockchain infrastructure to create new value and use cases for their users by harnessing the power of crosschain technology.
Wanchain, a decentralised blockchain interoperability solution that connects the world’s isolated blockchain networks, is the only project that enables truly decentralised crosschain transactions between isolated heterogeneous blockchain networks. Wanchain’s crosschain infrastructure already supports Bitcoin, Ethereum, Wanchain, EOSIO, Binance Smart Chain, Litecoin, XRP Ledger, Moonriver and now Avalanche, as well as dozens of other tokens. The addition of Avalanche reinforces Wanchain’s position as the world’s most advanced crosschain solution.
Avalanche is the fastest smart contract platform in the blockchain industry, as measured by time-to-finality. It is a high-performance, secure and customisable platform that makes it easy to build low cost, Solidity-compatible DAPPs on customised public and private blockchains. Avalanche aims to bring together the fragmented world of digital assets by empowering developers to create applications that provide users with unfettered access to digital representations of value. Wanchain’s decentralised crosschain bridges expand the possibilities for developers.
“Wanchain has been working for years developing crosschain bridges while emphasising high security standards and true decentralisation,” says Wilson Wu, Head of Asia of Avalanche. “I’m inspired by their founder Jack, who leads a smart team to dive deep into crosschain technology without distraction from the chaos of the crypto market. We truly want to bring them into the Avalanche ecosystem to benefit all users.”
The next phase of this collaboration is threefold:
- Avalanche will introduce the benefits of Wanchain’s decentralised crosschain bridges to its ecosystem projects
- Wanchain will create new use cases for crosschain compatible tokens like wanXRP and wanLTC on Avalanche, and wanAVAX on other public blockchains
- Avalanche and Wanchain will co-incubate promising new crosschain DeFi projects
Li Ni, Wanchain VP of Business Development and Operations adds:
“Wanchain’s decentralised bridges open up exciting opportunities for developers throughout the Avalanche ecosystem to create powerful crosschain applications. As DeFi increasingly becomes crosschain, this integration expands both the Wanchain and Avalanche ecosystems to the benefit of all end users.”
The next era of blockchain will be marked by the seamless crosschain interoperability of assets, data, and commands. Avalanche and Wanchain are both poised to play central roles in this next phase of innovation. More details about this collaboration, including Avalanche X-Chain and P-Chain integration, will be shared in the coming weeks and months.
Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol. Avalanche is blazingly fast, low cost, and green. Any smart contract-enabled application can outperform its competition by deploying on Avalanche. Don’t believe it? Try an app on Avalanche today.
True DeFi is interoperable — Wanchain, the Wide Area Network chain, is the world’s premier decentralised blockchain interoperability solution. Our mission is to drive blockchain adoption through interoperability by building fully decentralised bridges that connect the world’s many siloed blockchain networks. This crosschain infrastructure empowers developers to build truly decentralised crosschain applications to power the future of DeFi.
Original article published on Wanchain’s Medium.