This article was first published on Wanchain - Medium
Wanchain 5.0’s WAN Bridges — Enabling a New World of Interoperable DeFi
Wanchain is quite fond of using the metaphor of Wide Area Networks vs Local Area Networks (“WAN vs LAN”), to describe the incredible potential which will be unleashed when the crypto industry’s currently mostly isolated blockchains and their assets finally become connected. In the early days of the internet, knowledge was siloed in local university and library LAN networks. The advent of WAN, which connected all of those local networks in order to form the incredible network of knowledge and data which is the internet as everyone knows it today, unleashed an incredible torrent of creativity, new businesses, new financial opportunities, even entirely new cultures and ways of life. It is in fact from this metaphor that Wanchain takes its name — WAN+chain.
Wanchain’s goal is to unleash the incredible power of connectivity by building the infrastructure for the universal connection of all blockchains and their assets. What WAN networks did for data and knowledge, Wanchain predicts their cross-chain infrastructure will do for decentralized financial applications (DeFi).
For the past several years Wanchain has been building the infrastructure to power cross-chain DeFi use cases in a decentralized and trustless way. Their ultimate goal is not ONLY to connect various blockchains and digital assets together, but also to connect the world of decentralized finance together with traditional finance and assets. This new world where value flows freely from blockchain to blockchain, and between DeFi and traditional ecosystems, and where trustless applications can be built to take advantage of all this different interoperable value, Wanchain believes will be just as revolutionary a step forward as the introduction of the global Internet.
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Wanchain - Medium