A Game Changing Cardano ADA Move | Powered by Wanchain WAN

We have a special treat for you today. One of our favorite projects. One we often recommend. One that’s the leader in its category. One that people have trusted to move $800 million of volume.

One that people have never lost money to a security issue or hack. Who am I talking about? The best bridge in the industry. Wanchain. But why am I talking about it now? That is because of the newest Cardano proposal which is going to be a game changer for the Cardano Ada ecosystem. Let’s see what their VP of Marketing and Growth has to tell us live from Wanchain (WAN) themselves.

Setup

Today, I have something a little different for you. Wanchain is one of our long-standing favorite projects. And we swear by their bridges. Some of our people here at Altcoin Buzz use Wanchain bridges weekly. We know they are great. Fast, cheap, and safe. And you know they’re great. We’ve been talking about it for a long, long time. But we wanted to know more about what’s going on at Wanchain.

So today, we are going right to the source and talking to Wanchain’s VP of Marketing & Growth, Temujin Louie. Let’s see what he has to say in response to some of our and your most popular questions about Wanchain.

Questions

Can you give us an ELI5 (Explain Like I am 5) explanation of what this newest Cardano proposal is and why it’s important both for Cardano and Wanchain?

[For a reminder, the video version of all of Temujin Louie’s answers, you should watch the video itself on our YT channel or below]

Louie’s answer here focused on

  • The partnership with Maestro
  • Trigger ANY on-chain logic on Cardano from ANY EVM chain using ANY EVM wallet. This lets any wallet communicate back and forth between the networks
  • Removes barriers to entry to the Cardano ecosystem

Due to the importance of this new proposal, I followed up this with another question

How do Cardano and EVM connect with the approval of this new proposal?

Louie’s answer here focused on:

  • Leveraging the Wanchain Bridge for example, to buy an NFT on Cardano but hold it in an EVM wallet like Metamask, Rabby, or Trust Wallet
  • User signs a transaction on the EVM. This transaction contains specific messages and data including things like what NFT to buy, what asset to use to buy it, where to buy it, what the user’s EVM address is, etc.
  • The Wanchain Bridge then delivers these specific messages and data to a special kind of Cardano smart contract called a Smart Beacon, which executes the logic on Cardano – in this case, purchasing the NFT with the specified asset
  • Once executed, another Smart Beacon triggers a Wanchain Bridge transaction to return the NFT to the user’s EVM wallet
  • So the user only ever needs to interact with their existing EVM wallet. All of this happens behind the scenes.

So you can see here that Wanchain’s existing Cardano Bridge opens Cardano up for more potential interoperability with more popular chains. EVM chains that have higher liquidity and volume.

But the Smart Beacon from Cardano, working together with the Cardano Bridge means that smart contract information and even NFT metadata can now move across the 2 networks with your favorite EVM wallet like Metamask, Trust Wallet, or Rabby holding that NFT for your future use. It’s a big advance in interoperability.

What do you see as the most intriguing use cases of this new technology? 

Louie’s answer here focused on:

  • Empowering developers to do anything they can dream up
  • The only limit is the logic that can be executed on Cardano
  • Looking forward to more complex implementations, things that involve multiple protocols

I agree that multi-step processes whether trades, yield farming or even setting up programmed buying like DCA are all interesting use cases that Cardano users could be able to take advantage of soon.

What do you wish more people knew about Wanchain?

Louie’s answer here discusses:

  • More and more people are discovering that Wanchain Bridges are the industry’s premier bridge in terms of security and ease of use
  • The Wanchain L1 has several great community Dapps and Games
  • I wish these Dapps got more recognition since there’s really good teams and dapps building. Projects like the Zoo Ecosystem with some really excellent games like Zoo Racers, Zoono, ZooGames Poker, then there’s things like OpenZoo, Wanlend, Wanswap, RexDex, Stream Trade and more!

The Wanchain ecosystem is one of those best-kept secrets. That and the fact that Wanchain’s own $WAN token has only a $44 million market cap when it has its own Layer 1 chain and ecosystem AND the best bridges in the industry. 

Seems tremendously undervalued. Which bridges are your favorite to use? Let us know in the comments below.

More Questions

One of your most popular products is XFlows. Can you explain what is it about for those who are new to Wanchain?

Louie’s answer here:

  • XFlows is our native-to-native cross-chain protocol
  • Enables cross-chain transformations for tokens that exist on multiple chains
  • USDT and USDC, minted on dozens of chains – native in and native out
  • Also useful for ETH, between Ethereum and the L2s
  • Even BTC, between Bitcoin and WBTC on Ethereum and L2s, BTC.b on Avalanche, BTCB on BNB Chain

We particularly like how you don’t end up with wrapped tokens at your destination chain. You bridge native USDT and receive native USDT. That plus, with Ethereum L2’s you can bridge directly from Polygon to Optimism in 1 transaction. No conversion into ETH and ETH back out. Saves on time and transaction costs and ETH gas.

Of all of your XFlows like BTC, ETH, USDC, and across all these chains, what XFlow routes are the most popular? And why?

As you might expect Louie’s answer focused on USDT.

  • USDT XFlows routes tend to be the most popular in terms of number of transactions
  • Undoubtedly, this is due to the deep USDT liquidity on basically every chain out there
  • So no matter what you what to do, having USDT is useful

And finally, we wanted to find out about some of Wanchain’s plans.

What’s on your 2024 Roadmap that you can tell us about?

Here is what Louie had to say about the roadmap:

  • Wanchain’s 2024 will be driven by the theme of Unification
  • Unify:
    • The various components of the Wanchain ecosystem
    • Isolated networks and blockchains
    • The industry under a common interoperability standard. This is a big one right here….
  • Fees converted to WAN:
    • Community treasury
    • Incentives for Nodes
    • Burns
  • Other things to look forward to:
    • Cross-chain message passing protocol 
    • New UI/UX for WanBridge
    • More XFlows
    •  Upcoming network integrations like
      • Celo
      • Cosmos
      • Solana
      • Algorand
      • Hedera
      • ZkSync
      • Linea

Well, you just got a gold nugget there on increasing utility for the $WAN token. Did you catch it? They are converting all bridge fees across all tokens to $WAN to share with their community.

Remember it’s already undervalued and this new policy hasn’t even kicked in yet. Wanchain has some great new things cooking. And they are building further on their rep as the best bridge in the industry.

Thanks to Temujin Louie, Wanchain’s VP of Marketing & Growth for taking the time to answer some of our most pressing questions about Wanchain. Try the Wanchain Bridge today. Millions swear by it including many on the Altcoin Buzz team.

Coins

Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. This article has been sponsored by Wanchain. Copyright Altcoin Buzz Pte Ltd.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.