This article was first published on Wanchain Foundation - Medium
Wanchain 3.0 Launches Bitcoin Bridge to Ethereum — Continues Rapid Progression in Blockchain Interoperability Mission
Wanchain today released Wanchain 3.0, making it the world’s most advanced blockchain interoperability platform. This product release features cross-chain transaction capability through Wanchain for Bitcoin, Ethereum, and ERC20 tokens such as MakerDAO’s DAI and MKR. This launch marks a monumental step in the industry’s progression toward the Web 3.0 economy where all public and private blockchains will be completely interconnected. Similar to how Wide Area Networks (WAN) connected the many siloed Local Area Networks of the early days of the internet, Wanchain is a platform dedicated to connecting the countless disparate blockchains to enable decentralized transfer of value between the networks.
What is Wanchain?
The Path to Decentralized Finance
Those in the cryptocurrency and blockchain industry are all on a collective mission to rethink and reshape the way the world is structured. As technology has progressed throughout the decades, each advancement has, intentionally or unintentionally, led to an increasing consolidation of power and wealth among the world’s largest institutions and enterprises. Through the advent of blockchain and smart contracts, we are witnessing the first technological advancement to begin moving humanity away from centralization, distributing the wealth, power, and trust back in the hands of the people. The transition from centralized finance to decentralized finance has required a bit of a middle ground, leading us to the current crypto industry where centralized exchanges are still dominating trading volume. However, all signs points to an increasingly decentralized future in blockchain finance. Even Binance, the world’s highest volume centralized exchange, has announced it will launch a decentralized exchange (DEX) in the near future. But, creating a DEX siloed to one blockchain is just like creating a new email service on a LAN network — it does not ...
To keep reading, please go to the original article at:
Wanchain Foundation - Medium