Xinfin recently announced its partnership with DIMO and Wanchain, to build bridges for its XDC token. XinFin is a third-generation hybrid blockchain. It aims to improve the link between private and public blockchains.
In addition, the bridges from this collaboration will connect XDC to other chains. This includes platforms such as Avalanche, Polygon, BNB Chain, and Wanchain. Also, Wanchain will provide constant support to XinFin by introducing BTC, ETH, WAN, and other assets to XinFin’s expanding ecosystem.
The blockchain space is a competitive industry. As a result, XinFin intends to craft a unique identity for itself. It aims to create a decentralized network capable of facilitating global finance. This makes it a popular spot for multiple projects including in legacy finance. XinFin offers an efficient, cost-effective, and useful blockchain. Also, its primary objective is to facilitate blockchain adoption by private and public organizations.
Additionally, DIMO, XinFin’s growth partner performs a series of actions for the blockchain platform. It is spreading the value of XDC on other chains. Furthermore, DIMO is also expanding use cases for Wanchain wrapped assets on XinFin.
What is the Partnership About?
Wanchain’s partnership with XinFin holds mutual benefit. Wanchain will aid XinFin’s growth with its cross-chain infrastructure. Interoperability has been Wanchain’s drive. As a result, Wanchain has worked towards building a wide area network of blockchains since 2017. Furthermore, Wanchain currently connects over 15 Layer 1 and Layer 2 networks. These include XRP Ledger, XinFiN, Avalanche, and others.
🗣️ @wanchain_org and @XinFin_Official have joined forces to launch decentralised, non-custodial $XDC bridges!
🌐 These bridges connect $XDC to @avalancheavax, @BNBCHAIN, @0xPolygon and #Wanchain ecosystems!
More: https://t.co/n6TQz8RHB6 pic.twitter.com/KauBNqu2xo
— Wanchain (@wanchain_org) April 20, 2022
Wanchain enables full linkage to the blockchain systems it supports. Also, it provides decentralized direct bridges. This allows users to join dapps on any chain they want. For a start, Wanchain will connect XinFin’s XDC to Avalanche, BNB chain, Polygon, and its own Layer 1 blockchain.
Furthermore, XinFin’s partnership with DIMO is vital. It covers the business development aspect of the partnership with Wanchain. DIMO and XinFin aim to use blockchain to incentivize digitization and data. And both DIMO and XinFin have been instrumental in increasing retail blockchain adoption.
Atul Khekade, co-founder of XinFin expressed the platform’s delight with the partnership. He noted that XinFin aims to make blockchain easily available.
About Wanchain
Wanchain is a leading decentralized blockchain interoperability solution. The platform aims to accelerate blockchain adoption across different sectors. Also, Wanchain plans to construct fully decentralized bridges to connect blockchains. Wanchain operates a developer-friendly ecosystem. As a result, developers can create cross-chain applications that will power Web3’s future.
About XinFin
XinFin is a hybrid blockchain platform. It has interoperable smart contracts that are EVM-compatible. The platform aims to revolutionize the trade and financial sector. Furthermore, XinFin provides a decentralized infrastructure solution to its users. Finally, its services are convenient and adaptable.
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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.
