Wanchain and Avalanche announced the integration of Wanchain’s decentralized, non-custodial cross-chain infrastructure with Avalanche’s C-chain. The two leading blockchain platforms also plan to develop other decentralised cross-chain applications within the DeFi ecosystem.
The partnership will incorporate Wanchain’s cross-chain bridges with Avalanche’s projects and applications ecosystem.
Avalanche and its ecosystem projects will harness the power of Wanchain’s cross-chain blockchain to create innovative use cases and value for the platform’s users.
Wilson Wu, Avalanche’s Head of Asia, said: “Wanchain has been working for years developing cross-chain bridges while emphasizing high-security standards and true decentralisation.”
He also added: “I’m inspired by their founder Jack, who leads a smart team to dive deep into cross-chain 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 the collaboration will happen in three phases:
The benefits of Wanchain’s decentralised cross-chain bridges will be introduced to Avalanche’s projects ecosystem.
Wanchain will create new use cases for tokens that are compatible with cross chains like wanXRP and wanLTC on Avalanche and wanAVAX on other public blockchains.
Avalanche and Wanchain will co-incubate promising new cross-chain DeFi projects.
Wanchain’s decentralised bridges open up exciting opportunities for developers throughout the Avalanche ecosystem to create powerful cross-chain applications. As DeFi increasingly becomes cross-chain, this integration expands both the Wanchain and Avalanche ecosystems to the benefit of all end-users.”
Li Ni, VP of Business Development and Operations at Wanchain
Wanchain’s cross-chain infrastructure already supports many blockchain projects, including Bitcoin, Ethereum, Wanchain, EOSIO, Binance Smart Chain, Litecoin, XRP Ledger, Moonriver and now Avalanche, among dozens of other tokens. The latest addition of Avalanche confirm’s Wanchain’s position as the most advanced cross-chain solution globally.
The next stage of the evolution of blockchain will be marked by the seamless cross-chain interoperability of assets, data, and commands. Avalanche and Wanchain are well-positioned to play critical roles in the stage of innovation (evolution) of the blockchain. The two platforms will share more details about their collaboration, including the Avalanche X-Chain and P-Chain integration over the next weeks and months.
True DeFi needs to be interoperable, says Wanchain, the Wide Area Network chain. It is a leading decentralised blockchain interoperability solution. The platform’s mission is to drive blockchain adoption through interoperability by building fully decentralised bridges to connect the many siloed blockchain networks in the world.
Based on its terrific time-to-finality, Avalanche is one of the fastest smart-contracts platforms in the blockchain industry. The platform also has the largest number of validators securing its activity compared to other proof-of-stake protocols. Avalanche is extremely fast, low cost, and green.