When we think of bridges, we most likely associate news related to hacks and massive losses of funds. And yes, these types of tools have had vulnerabilities. And these tools are being fixed by companies like Wanchain.
Wanchain is a decentralized and interoperable bridge that nowadays is working with 22 blockchains and supported more than 35.4 million cross-chain transactions. A sign of this growth is reflected in its native token, WAN, which grew 8.2% in the last 30 days in this extended bear market. Therefore, following its expansion plans, Wanchain is partnering with Telos. You will discover more details in this article.
Get ready to cross new horizons on #Telos! We've got new bridges coming soon @wanchain_org 👀
Stay tuned for the full announcement! pic.twitter.com/vS9CENm9i0
— The Telos Foundation (@HelloTelos) March 8, 2023
Move your Assets From Tellos to 8 Chains With Wanchain
As a result of this partnership, users will be able to move the following assets in a secure and decentralized way:
- BTC.
- ETH.
- DOGE.
- DOT.
- TRX.
- USDC.
- USDT.
In the picture below, you can see how these tokens can move between blockchains using Wanchain:
Telos is continually committed to creating solutions that enhance user experience. With this partnership, Telos users are going to get access to an even broader range of dApps on the Wanchain platform. Read this guide to learn how to make cross-chain transactions in EVM chains.
More About Wanchain
Wanchain developed a decentralized system of direct and non-custodial cross-chain bridges that connect EVM and non-EVM networks without the use of any centralized intermediaries. Connected networks Include:
- Arbitrum
- Astar
- Avalanche C-Chain
- Bitcoin
- BNB Chain
- Ethereum
- Fantom
- Litecoin
- OKC Network
- Polkadot Relay Chain
- Polygon
- XDC Network
- Ripple
- and now Telos.
On the other hand, Wanchain also has its excellent XFlows program. In it, you can easily transfer USDT across Wanchain’s supported chains. No wrapped or derivated tokens, 100% native USDT.
🔦 Community spotlight 🔦
'In this battle of the bridges contest, #Xflows was the only native-to-native #USDT bridging protocol that was able to deliver seamless transfers between #Avalanche and #Polygon with zero fees and no losses to slippage.'https://t.co/7gkas6MH6l
— Wanchain (@wanchain_org) March 3, 2023
Finally, Wanchain published a 2023 roadmap that includes:
- Zero knowledge Upgrade: This will further improve Wanchain transaction security standards.
- Integrations: They will integrate different programming languages into their software in order to optimize integrations.
- Cross Chain messaging: They are now working on a standard protocol that will let any developer can transfer messages, using its technology, between Wanchain’s supported chains.
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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.
