Most blockchains in use today run independently, making them fenced gardens in that only the participants in one blockchain can see the activities that take place there. The characteristic of sovereign blockchains and the reality that each one maintains a separate consensus algorithm and ledger are the causes of this. And for this reason, they are delighted to confirm that Wanchain, a decentralized blockchain interoperability solution, now supports OKC. Wanchain’s goal is to promote blockchain adoption by trying to bridge the many siloed blockchain networks worldwide. To secure massive digital assets and Dapps, OKC is a quick, high-performance, open-source smart contract platform backed by OKX.
Wanchain’s distinctive, non-custodial cross-chain bridges will integrate OKC, adding new assets and liquidity to the active ecosystem of projects and applications there. The use cases for $OKT in other ecosystems will expand thanks to these bridges.
Initial direct bridges to OKC will connect the following blockchains: Avalanche, BNB Chain, Ethereum, Polygon, Wanchain, and XDC Network. By utilizing the power of cross-chain technology, projects within the OKC ecosystem will use the cross-chain blockchain infrastructure provided by Wanchain to provide new value and use cases for their users.
Wanchain is a decentralized wide area network of blockchains and a sustainable Layer 1 PoS blockchain. A complete Ethereum-like environment that supports industry-recognized Ethereum tools, DAPPs, and protocols is the Wanchain Layer 1 PoS blockchain. Wanchain’s goal is to promote interoperability among the many siloed blockchain networks worldwide to increase the adoption of the technology. With the help of this cross-chain infrastructure, developers can create truly decentralized cross-chain applications that will power the next generation of Web 3.
With a decentralized system of direct, non-custodial cross-chain bridges, Wanchain’s wide area network of blockchains connects EVM and non-EVM networks without the need for centralized intermediaries. These bridges combine Secure Multiparty Computation (sMPC) and Shamir’s Secret Sharing. Wanchain’s wide area network of blockchains is currently connecting more than 15 Layer 1 and Layer 2 networks, including but not limited to Arbitrum, Avalanche C-Chain, Bitcoin, BNB Chain, Ethereum, Fantom, Litecoin, Polkadot Relay Chain, Polygon, XDC Network, XRP Ledger, and as of today, OKC. The inclusion of OKC solidifies Wanchain’s status as the most cutting-edge cross-chain solution.
With the support of OKX, one of the biggest cryptocurrency exchanges, OKC is a secure and programmable smart contracts platform for the next-gen decentralized applications. Many DeFi protocols, NFTs, and other Metaverse applications work well with the chain’s technology because it was created with high-performance buying and selling and low-cost financial services. DeFi (decentralized finance) applications will be capable of achieving full potential at a very low-cost thanks to enhanced Tendermint and Delegated Proof of Stake (DPoS) consensus that can support up to 4000 Transactions per Second (TPS). Decentralized cross-chain bridges on Wanchain give developers more options.