Wanchain expands its interoperability solution to Cardano

  • April 27, 2022

Wanchain has expanded its interoperability solution to Cardano, a leading smart contract blockchain founded by Charles Hoskinson in 2015.

As a decentralised blockchain interoperability network, Wanchain, (the Wide Area Network chain) seeks to connect blockchains and drive decentralised finance (DeFi) and Web3 adoption across the ecosystem. It is this vision that the platform has brought to Cardano via collaboration with Input Output, a blockchain infrastructure and engineering research firm at the forefront of the ADA network

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Enabling interoperability in the Cardano ecosystem

According to details shared with Invezz on Wednesday, the integration of Wanchain’s interoperability solution will help ensure there’s seamless connection and communication between Cardano’s mainnet, sidechains, and other Layer 1 blockchains.

The Wanchain infrastructure will also make it possible for teams to build and deploy cross-chain bridges that will connect the ADA network to other non-EVM (Ethereum Virtual Machine) compatible networks.

The Wanchain team will also upgrade its bridge nodes to “peg the Wanchain and Cardano networks to further secure Cardano’s crosschain bridges and transactions,” the release added.

Once this is done, Wanchain will function as an EVM-compatible sidechain to the Cardano blockchain, with full accessible via decentralised, direct, or non-custodial bridge.

Dynal Patel, Chief Product Officer of IO Global commented:

Interoperability is one of the driving forces behind the Cardano blockchain, and as such the Cardano ecosystem will continue to grow. Crosschain bridges are one aspect of this strategy, and Wanchain’s secure infrastructure brings a valuable new contributor into the ecosystem.”

Bringing BTC, ETH and DOT onto Cardano

The integration opens up Cardano to other decentralised finance and Web3 ecosystems, aiding the network’s capacity to support more use cases.  The interoperability will see Cardano’s dApps ecosystem begin to use leading coins such as BTC, ETH, DOT, WAN and XRP among others.

Patel added:

Wanchain will provide added utility to the Cardano community, allowing users to interact with DeFi applications on a number of networks, and take advantage of the expanding ecosystem.” 

Other than enabling the use of Bitcoin and other top coins in dApps, making Wanchain an EVM-compatible sidechain allows developers access to more coding languages. They will also be able to tap into higher scalability and security.

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