invezz.com
Wanchain, a leading global decentralised blockchain interoperability solution, announced integration of its infrastructure with Polkadot (DOT/USD), a heterogenous, sharded, multichain architecture created by Ethereum (ETH/USD) co-founder Gavin Wood. Polkadot is one of the most popular blockchain projects worldwide and the tenth biggest crypto by market cap.
Developers on Avalanche (AVAX/USD), Ethereum, Moonriver and, of course, Wanchain can use Wanchain’s solution to integrate DOT into their applications.
Non-custodial, decentralized infrastructure as a premier solution
Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today.
Wanchain’s decentralised, non-custodial crosschain infrastructure is unique. The integration links DOT to the larger DeFi crosschain space.
Developers on Avalanche, Ethereum, Moonriver, and Wanchain blockchain networks can create decentralized blockchain apps using DOT, Polkadot’s native token, because direct bridges connecting Polkadot to these networks have already been deployed. In layman’s terms, it’s now possible to trade DOT across chains and use it with EVM-compatible smart contracts.
Li Ni, Wanchain VP of Business Development and Operations, commented:
We firmly believe that blockchain technology will only gain mainstream adoption once assets, data, commands and users are no longer isolated on a single chain or constrained by a single standard. Last month, Wanchain deployed crosschain bridges connecting Moonriver and Avalanche to the larger crosschain DeFi industry. Now, Wanchain is connecting Polkadot to the rest of the blockchain world.
Next innovation phase to include crosschain asset interoperability
Crosschain asset interoperability will characterize the next phase of blockchain innovation. This will include crosschain interoperability of data as well as smart contract calls. Following the integration with Polkadot, Wanchain’s position as the most advanced crosschain solution in the world solidifies. The partnership is also a milestone in the quest to create an interoperable multichain future.
Driving blockchain adoption through interoperability
Wanchain is developing fully decentralised bridges that connect the world’s many siloed blockchain networks to fulfill its mission to drive blockchain adoption through interoperability. Developers are now capable of powering the future of the DeFi space by building fully decentralised crosschain applications, which is something this crosschain infrastructure has allowed them to do.