Wanchain, a decentralized blockchain interoperability solution, recently announced the integration of its non-custodial cross-chain infrastructure with Polkadot, a sharded heterogeneous multi-chain blockchain network.
Polkadot is linked to other networks via Wanchain.
Wanchain has deployed several direct bridges connecting Polkadot to other blockchain protocols, including Ethereum, Moonriver, Wanchain, and Avalanche, according to a press release shared with ULTCOIN365.
Using Polkadot’s native token, DOT, project developers on supported networks will be able to create a variety of decentralized applications (dApps).
Wanchain’s solution aims to eliminate the difficulties that developers encounter when attempting to interact with tokens created on other blockchain networks.
Its interoperability infrastructure will connect Polkadot to a broader range of DeFi cross-chains, allowing DOT to be traded across multiple chains and used with a variety of EVM-compatible smart contracts.
Li Ni, Wanchain’s VP of Business Development and Operations, stated in a comment,
“We are convinced that blockchain technology will only become widely adopted once assets, data, commands, and users are no longer isolated on a single chain or constrained by a single standard.” Wanchain launched cross-chain bridges connecting Moonriver and Avalanche to the larger cross-chain DeFi industry last month. Wanchain is now connecting Polkadot to the rest of the blockchain community.”
Creating a Future That Is Interoperable
The project has frequently referred to itself as the world’s most advanced cross-chain solution, with the ultimate goal of constructing a highly decentralized and interoperable future.
As a result, Wanchain’s integration with Polkadot, one of the hottest blockchain networks in the cryptocurrency industry, is a significant milestone.
It also believes that the blockchain industry is rapidly evolving, and that the next stage of its evolution will be defined by cross-chain interoperability of assets, data, and smart contract calls.
Wanchain recently collaborated with Moonbeam, an Ethereum-compatible smart contract protocol on Polkadot, to create a multi-chain solution that will improve the DeFi ecosystem of Polkadot’s canary network, Kusama.