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Wanchain and Input Output want to improve Cardano interoperability

 


Wanchain is working to improve Cardano's interoperability and facilitate the transfer of assets between the blockchain and others.


Wanchain announced today that it has partnered with Input Output, the development team behind the Cardano ecosystem. The partnership is focused on enabling interoperability between the Cardano mainnet, Cardano sidechains, and other blockchain networks.


According to the press release shared with Coin Hero, the two teams will deploy decentralized, noncustodial, bidirectional cross-chain bridges connecting Cardano to other Layer 1 blockchains to enhance Cardano's interoperability features.


Additionally, the Wanchain Bridge nodes would be upgraded to connect the Wanchain and Cardano networks to further secure Cardano's cross-chain bridges and transactions. This implies that Wanchain will now become an Ethereum Virtual Machine (EVM) compatible sidechain for Cardano.


Li Ni, Wanchain's VP of Business Development and Operations, said this latest development is important for Wanchain. Ni said:


“We are excited to support Input Output's work in building this Cardano interoperability solution. We believe in the importance of decentralization and have a clear vision of a future where the global blockchain landscape behaves like a beautiful, unique, interoperable network. This is another important step in that direction.”


Wanchain will become an EVM-compatible sidechain for Cardano, which will allow Cardano dApp developers to access more programming languages, frameworks and integrated developer environments for users.


The approach is also expected to improve Cardano's security and provide scalability solutions for the blockchain. Input Output Global Chief Product Officer Dynal Patel said:


“Wanchain will provide additional value to the Cardano community by allowing users to interact with DeFi applications across a range of networks and leverage the expanding ecosystem.”


Wanchain bridges connect more than 15 Layer 1 and Layer 2 networks. Therefore, the partnership connects the Cardano network with other decentralized finance (DeFi) and Web3 ecosystems. This expands the use cases for ADA holders and enables the use of BTC, ETH, DOT, WAN, XRP and other coins in Cardano's dApp ecosystem.

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