Wanchain Releases the Biggest Technological Breakthrough in 2024!
This Month We Are Writing Wanchain’s History
Introducing XPort: Wanchain's Cross-Chain Data Transfer Protocol
This technology lays a rock-solid foundation that empowers developers to build the next generation of multichain Dapps. Bringing our company vision to life – a unified decentralised network of blockchains, built on industry-vetted standards.
Let's unpack this real quick.
The problem with blockchains is that they exist like isolated islands. Full of riches they might be, but they can't natively connect to each other.
Our XPort technology bridges this gap and creates a new way to facilitate any communication and trade between these isolated islands. Think about the potential impact in this way – back in the day, the Dutch East India Company brought the spices and other goods from the Orient to the Western World and became wealthier than kings themselves. THAT'S the power of connecting isolated islands.
What's the impact of connecting isolated blockchain islands with XPort technology? Before, the only thing you could do was bridge tokens from one blockchain to another. Now, XPort opens entirely new possibilities for multichain Dapps:
Real Estate -- Tokenized on various blockchains to provide much more liquidity
Banking -- Innovative financial products and lower fees
Healthcare -- Secure way of sharing data to boost research and find new cures
Supply Chain -- Transparent tracking, less fraud and higher margins
Cross-chain Yield Farming -- Easily manage yield farming on multiple blockchains
NFT Bridges -- More opportunities and income for artists
Gaming -- Game items, characters and skins used across multiple chains
Governance -- Voting from any chain
And there will be use cases we can't even imagine yet! Think about the internet. Now it looks obvious. But virtually nobody could imagine it back in the 80s. Since XPort provides the core infrastructure for communications between blockchains, it has similar potential. Especially when combined with the interoperability standards that Wanchain's star researcher Dr. Weijia is working on in the Ethereum Enterprise Alliance.
But wait … there’s more.
We already have more than half a dozen projects and blockchains building completely new products and Dapps using XPort technology. We are going to reveal them one by one very soon. So stay tuned.
How does all this help Wanchain you’re asking? This is where the most exciting part comes in. Every project that uses XPort technology needs to pay a network fee for using Wanchain Bridge cross-chain infrastructure = the more projects that build using XPort, the more fees are collected. All these fees are then converted into WAN and allocated to further improve the Wanchain ecosystem via Convert n’ Burn System.
Make sure you read this article to understand the real power behind XPort technology.
Wanchain Talks on EEA’s Blockchain Interoperability Panel Together with Axelar, Wormhole and Layer Zero
First, a little bit of background.
Our star researcher and VP of Engineering Dr. Weijia Zhang works with EEA. What is EEA you're asking? It's an organization that enables businesses to adopt and use Ethereum technology in their day-to-day business operations.
Dr. Weijia is a Co-chair of EEA’s Cross-chain Interoperability Working Group. That handles all the cross-chain related research and topics to support institutional adoption.
Thus, as an in-house member of EEA, he was invited to participate in the EEA Industry Day Interoperability Panel.
Guess who else was on the panel? All the other major players from our space - Wormhole, Layer Zero, Axelar and Li.Fi protocol.
This is great news because we're getting Wanchain's name out there TOGETHER with the other renowned movers and shakers from the interoperability space!
You can watch the highlights from the panel here.
Over here, you can find out more about EEA Industry Day.
Wanchain Proposes to Build a Bridge to Connect Cardano and Midnight Using Cutting-Edge ZK Proof Technology
How would you like Wanchain to build a brand-new Cardano ↔ Midnight Bridge using revolutionary ZK-proof technology?
Let’s quickly look into what Midnight is all about and how our bridge can play a huge role in another big trend called selective transparency.
Midnight Blockchain
Midnight is bringing data protection to the blockchain – empowering organizations to deliver regulation-friendly, data-protecting applications that keep users in control of their own information.
For example, when you pay for something with crypto, you don't necessary want the other person to see all your blockchain transactions or how much funds you have in your wallet. Also, businesses and institutions need a way how to share their information selectively for compliance purposes without revealing everything.
Midnight solves this issue with selective transparency. Where as a user, a Dapp, a classic business or an institution, you can choose which data you want to make publicly available. This heralds a huge step towards blockchain adoption by both individuals and businesses.
Midnight offers selective transparency for the entire Cardano blockchain, so they can both connect their strengths and grow side by side.
One more exciting thing about Midnight is that they are the first-ever Cardano partner chain. That's why many people are eagerly waiting for its launch.
Conclusion
We're on the way to have our own ZK-proof bridge and thus joining a popular narrative around ZK tech. And not only that. As you can see, the Midnight Network itself also has a huge potential.
If you connect all the dots, it gets VERY exciting. Just think about this – Wanchain will be the ONLY bridge connecting Cardano (7th biggest blockchain with $46 billion market cap) to its most awaited and first-ever partner chain, Midnight. Imagine the impact, the adoption and the volumes this can have for our Wanchain Bridge...
Wanchain in the Media
Wanchain Launches EEA-Compliant Cross-Chain Data Transfer Protocol XPort
https://www.coindesk.com/tech/2024/11/07/protocol-village
Dr. Weijia Zhang, Wanchain’s VP of Engineering, Attends DevCon in Bangkok
Dr. Weijia Zhang also held a keynote at the Aggregation Summit. This speech made an impression on Polygon’s CEO Mark Boiron who said:
"An honor and a pleasure to have Dr. Weijia Zhang from Wanchain with us today at Aggregation Summit." - Mark’s X Post
The Future of Crypto - Wanchain Interview
Half of the top 10 blockchains are not EVM compatible, this reveals a pressing need for cross-chain solutions to connect these ecosystems. Wanchain is here to help. Find out how in this interview with our CEO, Temujin Louie, and Crypto Rain where they deep dive into the future of Wanchain, Crypto, and Web3:
Ecosystem Updates
WAN Is Now Available on NOW Wallet
More and more places where you can buy, hold and sell your WAN.
Using WAN with NOW Wallet brings you these benefits:
✅ Get WAN simply by using your bank account or Visa/Master card
✅ Swap between 1,500+ assets
✅ Enjoy a non-custodial wallet that doesn't collect personal data
Try it here.
In case you missed it, WAN is also available on the ChangeNOW crypto exchange.
Try it out here.
New Integrations
Solana/Cardano Bridge Routes Expanded
Both USDC and EURC routes have been expanded! Users can now move these two stablecoins between Solana and Cardano.
New Routes:
USDC added to Solana 🔄 Cardano
EURC added to Solana 🔄 Cardano
Start bridging here.
VinuChain Cross-chain Routes Expanded
VinuChain’s extensive cross-chain routes have been expanded even further, now including Solana!
New Routes:
USDC added to VinuChain 🔄 Base
VINU added to VinuChain 🔄 Solana
USDT added to VinuChain 🔄 Solana
USDC added to VinuChain 🔄 Solana
SOL added to VinuChain 🔄 Solana
Start bridging here.
REFI Joins Wanchain’s Cross-chain Infrastructure!
REFI, a token from Circularity Finance, a project that deploys carbon projects from forests to wind farms as RWAs, has joined Wanchain’s cross-chain infrastructure!
Available assets: REFI
Available Routes:
XDC Network 🔄 Polygon
XDC Network 🔄 Avalanche
Polygon 🔄 Avalanche
Start bridging here.
And there you have it folks. Another month jam-packed with exciting updates. And this is just the beginning. We have many more cool things lined up next month.
Stay tuned..