Wanchain Archives - Times Tabloid https://timestabloid.com/tag/wanchain/ Cryptocurrency and Blockchain Tabs Wed, 16 Aug 2023 03:27:50 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://timestabloid.com/wp-content/uploads/2021/08/cropped-Times-Tabloid-Favicon-32x32.png Wanchain Archives - Times Tabloid https://timestabloid.com/tag/wanchain/ 32 32 Wanchain Now Makes Connection of Cardano With Bitcoin, Ethereum, Nine Others Possible https://timestabloid.com/wanchain-now-makes-connection-of-cardano-with-bitcoin-ethereum-nine-others-possible/ Wed, 16 Aug 2023 03:27:50 +0000 https://timestabloid.com/?p=19862 Wanchain, the interoperability-focused blockchain platform, has unveiled decentralized bridges that connect Cardano with 11 prominent blockchain networks. This initiative allows users to transfer assets seamlessly between Cardano and networks such as Bitcoin, Ethereum, BNB Chain, Polygon, Tron, and others. The launch of Wanchain’s Cardano Bridges marks a significant milestone in advancing interoperability and simplifying value […]

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]]> Wanchain, the interoperability-focused blockchain platform, has unveiled decentralized bridges that connect Cardano with 11 prominent blockchain networks. This initiative allows users to transfer assets seamlessly between Cardano and networks such as Bitcoin, Ethereum, BNB Chain, Polygon, Tron, and others.

The launch of Wanchain’s Cardano Bridges marks a significant milestone in advancing interoperability and simplifying value transfers across different blockchain ecosystems.

Read Also: Benjamin Cowen Sees Solana (SOL) Replicating Cardano’s (ADA) 2019 Bear Market Turnaround

Enhanced Interoperability for Cardano

With the introduction of Wanchain’s Cardano Bridges, the process of transferring value between Cardano and other supported networks has become more accessible. Users can now swiftly move Cardano-based assets to the connected blockchains and vice versa.

This development is a result of Wanchain’s ongoing efforts towards achieving seamless interoperability, allowing assets like ADA, native Cardano tokens, ERC-20 tokens, and other notable assets to move effortlessly between Cardano, EVM-based networks, and select non-EVM networks.

Supported Assets and Networks

It’s important to note that the newly launched bridges enable users to transfer a select range of assets. For each blockchain, specific assets are supported.

The list includes Bitcoin (BTC), Ethereum (ADA, BTC, ETH, USDC, USDT), Arbitrum (USDC, USDT), Astar (USDT), Avalanche (BTC, USDC, USDT), BNB Chain (BTC, USDC, USDT), OKT Network (USDT), Optimism (USDC, USDT), Polygon (USDC, USDT), Tron (USDC, USDT), and Wanchain (ADA, BTC, ETH, USDC, USDT, WAN). These assets have been brought to the Cardano network through the bridges developed by Wanchain.

Notably, this marks the first instance of fiat-backed stablecoins, namely USDT and USDC, being available on the Cardano mainnet.

Read Also: Ben Armstrong (Bitboy) Assesses the Likelihood of Cardano (ADA) Hitting $10 or $100

Collaboration and Technical Implementations

The successful implementation of the Cardano Bridges is the result of years of dedicated work by the Wanchain team. They integrated Haskell smart contracts into Cardano to support cross-chain transactions and upgraded their bridge nodes to facilitate interaction between UTXO-type transactions and Cardano smart contracts.

Wanchain also collaborated with Input Output Global (IOG), Cardano’s research and development company, to bring essential changes to the Cardano network. IOG introduced native support for a Schnorr signature and the Secp256k1 curve on Cardano as part of the partnership.

This significant milestone achieved by Wanchain’s Cardano Bridges demonstrates the continued progress towards enabling seamless connectivity and interoperability between different blockchain networks, fostering greater flexibility and convenience for users.

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