How Can We Onboard the Next Billion Users Into Blockchain?
We’ve Made a Major Breakthrough.
Imagine this – anytime you connect your phone to Wi-Fi, you need to download a new app for each router brand. How annoying would that be?
The reason it doesn't happen? Wi-Fi uses the common standards for all routers. No app download required, making you connect in seconds.
Do we have any standards for cross-chain interoperability?
No. We don't. Everyone tries to do it their own way.
And this is the biggest roadblock to onboarding 1 billion users. The lack of standards means you can't build the core infrastructure to sustain so many users.
What is the solution? Create a common standard for cross-chain interoperability. Then let anyone build on top of it.
We have great news for you! After 2 years of arduous R&D a standard like this just got launched.
It's called DLT Interoperability Specification developed by Ethereum Enterprise Alliance and co-authored by Wanchain’s VP of Engineering Dr. Weijia Zhang.
The great news is not over. Because very soon after this cross-chain interoperability standard launched, we became the founding member of Linux Foundation Decentralized Trust.
It is an umbrella blockchain industry organization trailblazing the most advanced Web3 technologies in blockchain, ledger, identity, interoperability, cryptography, and more. Then connecting those with the leading companies in Web2 like IBM, Citi, Walmart, Accenture, Siemens and many more.
Not only are we standing shoulder to shoulder with one of the most cutting-edge companies worldwide, but we also integrated this EEA’s cross-chain interoperability standard as an open source into Linux Foundation Decentralized Trust.
Killing two birds with one stone – having standards that the entire blockchain industry can adopt + making them available to the world’s cutting-edge Web2 & Web3 companies.
And this is how you onboard 1 billion users into crypto.
Read on for more of our exciting news – for example how we got featured on the front page of CoinDesk.
The longer you’re in the game, the more proven your solution is. When it comes to cross-chain bridges, track record is most important. Wanchain has been running uninterrupted for 6+ years processing almost $1.2 billion in cross-chain volume. Zero hacks, zero exploits, 35+ integrated chains, 114+ supported assets. Choose a solution with a proven track record to ensure your assets are transported across different blockchains securely!
Try Wanchain’s Bridges here: https://bridge.wanchain.org
More than 200,000 WAN has been burnt since our Convert n’ Burn Mechanism was implemented on July 1st earlier this year. Want to learn more about the inner workings of our revolutionary Convert n’ Burn mechanism?
Read on here: https://medium.com/wanchain-foundation/first-degree-burns-fee-collection-and-conversion-details-cd5ce128e471
EEA Releases DLT Interoperability Specification
This specification provides a standard framework to enable interactions across different blockchains and distributed ledgers. Using this standard reduces development time and the likelihood of errors by providing software teams with a well-known set of interfaces, rather than having to build a bespoke solution for each pair of networks a developer wants to connect.
Read more here.
Wanchain in the Media
Wanchain Networks at Token 2049
Wanchain’s CEO, Temujin Louie, spent some time giving interviews and networking with many projects at the recent Token 2049 hosted in Singapore, meeting many key industry leaders.
Canada's CBDC Departure Risks Web3's Interoperable Future - Coindesk
Are there any similarities between obstacles faced by CBDCs and Web3? Find out in the latest opinion piece on Coin Desk by Wanchain’s CEO Temujin Louie.
Wanchain Co-sponsors Permissionless III Hackathon in Salt Lake City
Wanchain recently joined a sponsor spotlight X space with BuidlBox covering all things Wanchain!
Listen here.
Wanchain to Integrate EEA-Compliant Interoperable Products Into Linux Foundation Decentralized Trust - Coindesk feature
"Interoperable products, compliant with the EEA’s Distributed Ledger Technology Interoperability Specification, will be developed in LFDT’s open-source community. 'We’re excited to collaborate with top companies who are shaping the future impact of blockchain technology, as we continue developing industry-wide interoperability standards,' said Temujin Louie, CEO of Wanchain.”
Crypto Hipster Podcast with Dr. Weijia Zhang
How does computer science, physics and blockchain come together?
Find out more from our VP of Engineering, holder of 20+ patents, Dr. Weijia Zhang in the latest episode of CryptoHipster podcast.
Get the latest insights into interoperability from our star researcher.
GOLD & PayPal Stablecoins Hit Cardano! Wanchain's Big Move and Its Impact on Liquidity!
Kurisu Dives Into Lucrative Defi Opportunities on Cardano
Our community member Kurisu has uncovered some lucrative opportunities within the Cardano ecosystem, made possible by Wanchain’s Cardano Bridges. Quick rundown:
11.99% APR on USDC with Liqwid Finance
16.96% APR with the USDC/DJED pool on MinSwap
13.65% APR with the ADA/BTC pool on VyFinance
Read all about it here.
Richard McCracken Covers Cross-Chain Opportunities on Cardano Powered by Wanchain’s Bridges
This video by Richard McCracken covers how to:
✅ Bridge USDC to Cardano
✅ Supply it to Liqwid Finance and get 20.57% APR
✅ Supply ADA to Liqwid
✅ Borrow USDC and bridge it back to your wallet
Ecosystem Updates
Wanchain Becomes LF Decentralized Trust Founding Member
We’re delighted to be founding members of Linux Foundation's new LF Decentralized Trust. Find out how we’re championing the development of open source decentralized technologies.
Learn more about becoming part of the global LF Decentralized Trust community at http://lfdecentralizedtrust.org
X Layer by OKX Joins Wanchain USDC XFlows
Since X Layer joined XFlows, all your X Layer USDC transactions are:
✅ Native-to-native
✅ Decentralised
✅ Slippage-free
✅ Fast
✅ Inexpensive
Send your USDC between X Layer and 11 other blockchains!
New Integrations
Solana Is Coming to Wanchain’s Bridges!
We're building decentralised, non-custodial cross-chain bridges connecting the Solana to the wider blockchain space! This includes native-to-native USDC transfers between Solana and 11 other chains including BNB Chain!
Currently, this bridge is in a testnet phase. The main net launch is coming soon!
Cardano Bridge Routes Expanded!
New Routes:
ETH added to Cardano 🔄 BNB Chain route
ETH added to Cardano 🔄 Avalanche
BTC added to Cardano 🔄 Optimism
Cosmos Is Coming to Wanchain’s Bridges!
We're building decentralised, non-custodial cross-chain bridges connecting the Cosmos and Wanchain blockchains!
Currently, this bridge is in a testnet phase. The main net launch is coming soon!
In Preparation for the Launch, We’ve Added Support for Keplr Wallet!
Keplr is the gateway to the Cosmos ecosystem, supporting 40+ chains with 1M+ installs.
Download it here.
Thanks for reading, see you in the next update!