Wanchain announces a partnership with Cardano-backed Input Output to promote interoperability. The collaboration will help the network facilitate interoperability between Cardano mainnet, sidechains, and other blockchains.
It will also enable other projects to deploy non-custodial, decentralized, multi-directional crosschain bridges interlinking Cardano to other L1 networks. Moreover, the integration will also upgrade Wanchain bridge nodes to peg the Cardano and Wanchain networks, securing the crosschain bridges and transactions.
In simple terms,
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Wanchain is set to become an EVM-compatible sidechain for Cardano.
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It’s a sustainable Layer-1 (L1) proof-of-stake blockchain and interoperability platform.
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Provides multiple use cases, acting like Ethereum infrastructure by supporting:
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dApps
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Ethereum tools
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Other protocols
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Bridge technology highlights:
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Bridges are direct, decentralized, and non-custodial.
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Capable of connecting both EVM and non-EVM networks without intermediaries.
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Uses advanced security tech:
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Shamir’s Secret Sharing
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sMPC (Secure Multiparty Computation) to protect cross-chain assets.
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Wanchain to Become Cardano’s EVM-Compatible Sidechain
Currently, these bridges connect over 15 L1 and L2 networks. The network will offer numerous new use-cases to ADA holders on external chains with the latest addition, which will pave the path for ETH, BTC, XRP, WAN, DOT, and similar tokens used in Cardano’s dApp ecosystem.
Once Wanchain transforms into Cardano’s EVM-compatible sidechain, dApp users and developers on Cardano will gain access to frameworks, integrated developer structures, and coding languages. This method maximizes Cardano’s security while also doubling its scalability and interoperability.
Moreover, it will allow Cardano to conduct transactions outside its network while only recording information needed on the L1 blockchain, further elevating its immutability and security.
The quick growth of Cardano sidechains marks the start of a new for the network, as it turns into a complete multi-chain ecosystem with increased scalability and security. However, according to the officials from both networks, the recent integration is only the start of collaborations between Input Output and Wanchain.
