Wanchain has come up with a pioneering functional solution, aiming for a more interconnected and versatile blockchain landscape.
Wanchain, the longest running decentralized interoperability solution, introduced a new bridge to connect Cardano and the Polkadot Relay Chain. The bridge is a first, allowing two prominent non-Ethereum Virtual Machine (EVM) chains to communicate with each other and implement hassle-free transfers of DOT tokens to Cardano and vice versa.
The Polkadot-Cardano bridge is accessible through the Wanchain Bridge Web Portal. The bridge is not just a technical achievement but also a step towards encouraging the two communities to work together, said a press release.
It is important to note that both the Polkadot and Cardano blockchains operate on non-EVM frameworks, presenting unique challenges in the building of a bridge in terms of network infrastructure, consensus mechanisms, data formats, programming languages, and trust models. However, Wanchain came up with a pioneering functional solution, aiming for a more interconnected and versatile blockchain landscape. Temujin Louie, CEO of Wanchain, emphasized the importance of this development, stating:
“Polkadot and Cardano are two of the most prominent non-EVM ecosystems out there. Both tech stacks have value for Wanchain beyond this integration. We anticipate that this initial implementation will lead to further developments, such as cross-chain function calls between two non-EVM networks. The possibilities of a world where decentralized applications can span two non-EVM networks, like Polkadot and Cardano, is exciting.”
Both networks are expected to experience positive effects as a result of the new launch. Polkadot has recently announced that it has surpassed 600,000 active wallet addresses within its ecosystem, while Cardano has experienced a 40% increase in activity during the same period. The enhanced interoperability facilitated by the Wanchain bridge is expected to sustain trading activity on both networks, even amid market fluctuations.
Notably, like all of Wanchain’s solutions, the newly launched bridge is supported by unified decentralized collateral pools, maintained by Wanchain’s Bridge Nodes.
In addition to the bridge launch, Wanchain recently introduced the Convert n’ Burn program for the Wanchain Bridge. This program aims to cover the on-chain costs incurred by the bridge and create value for the entire Wanchain ecosystem.
Blockchain Interoperability Is a Must for Increased Adoption
Communication between two blockchains can be a hassle, but blockchain interoperability acts as a solution to the fragmented nature of blockchains. It allows uninterrupted communication between two networks using cross-chain protocols. Crypto enthusiasts who use dApps and DeFi protocols can benefit greatly from such bridges.
The Polkadot-Cardano bridge’s launch comes at a time when the blockchain industry is seeking robust and scalable interoperability solutions. The growth of non-EVM networks is on the rise, and as a result, the ability to interact seamlessly with each other is becoming very important.
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