Wanchain (WAN), a blockchain platform that connects and exchanges value between different blockchain ledgers, announced Monday that it has launched Wanchain 2.0, the first interoperable blockchain with secure multi-party computing and full interoperability with Ethereum (ETH).
Wanchain 2.0 is LIVE – Wanchain is now fully interoperable with Ethereum! Please read our 2.0 launch Medium article for more information on this monumental launch:
— wanchain (@wanchain_org) July 23, 2018
According to the announcement, Wanchain 2.0’s functionality is achieved via a combination of smart contracts, multi-party computing, and threshold key sharing. This ultimately allows Ether to be transferred from Ethereum’s blockchain to the Wanchain platform with a 1:1 ratio via a new token called WETH.
There are numerous use cases for the new platform that take advantage of the interoperability with the Ethereum blockchain, as detailed in the announcement:
- Deploy distributed contracts for WAN and ETH on Wanchain
- Deploy an ICO contract that supports both WAN and ETH participation
- Deploy debit and credit contracts for WAN and ETH on Wanchain
Before the end of the year, Wanchain plans on supporting Bitcoin cross-chain functionality and hopes to fully realize cross-chain functionality with at least one ERC-20 token.
More on Wanchain
Wanchain works to connect and exchange value between different blockchain ledgers in a distributed way through a cross-chain protocol and a distributed ledger that records both cross-chain and intra-chain transactions. Any blockchain network (public, private or consortium chains) can integrate and connect with Wanchain to perform low-cost inter-ledger asset transfers. What’s more, Wanchain’s ledger supports both cross-chain smart contracts and a system of privacy protection through a ring signature scheme and a one-time account mechanism. Ultimately, Wanchain seeks to build a new, distributed infrastructure of digital assets to form an improved and modern framework. (more)
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.