Wanchain Launch World’s Most Advanced BTC To ETH Bridge

[PRIBO247]

Yesterday Wanchain, the team behind the WAN cryptocurrency
announced the release of Wanchain 3.0 which claims to be the
world’s most advanced blockchain interoperability platform. We
want to explore a little bit more about what this means for cross
chain compatibility between Bitcoin, Ethereum and Ethereum’s
ERC-20 tokens.

What is Wanchain?
“Wanchain is a blockchain platform that enables decentralized
transfer of value between blockchains. The Wanchain
infrastructure enables the creation of distributed financial
applications for individuals and organizations. Wanchain currently
enables cross-chain transactions with Ethereum, and today’s
product launch will enable the same functionalities with Bitcoin.”

Wanchain is a series of blockchain based products that aim to
make the blockchain more accessible. The first of such products is
the Wanchain wallet, a digital wallet that allows for the secure
transfer of cryptocurrencies and digital assets. Within the wallet,
users are able to hold and move WAN, Bitcoin, Ethereum and
more.
The key focus for Wanchain is cross chain compatibility - using
Wanchain, bridges can be built between the Ethereum and Bitcoin
blockchains to allow for multi-asset investing, decentralised
loans, multi-coin payments and also for the facilitation of
decentralised cryptocurrency exchanges.

According to Wanchain :
“Based on complex algebra, locked accounts with SMPC enables
low threshold to convert any digital asset from any blockchain into
a corresponding proxy asset on Wanchain's blockchain. This
unleashes the power to build compelling distributed cross-chain
Dapps and removes centralized counterparty risk. Wanchain will
support ERC20 and protocol tokens.”

Wanchain also allows users to develop and deploy their own Wan
smart contracts, much in the same way users of Ethereum can.
Within Wanchain however, new tokens that are issued via Wan
smart contracts are issued with added privacy protection, making
the Wanchain ecosystem more ‘private’ than the Ethereum
blockchain.

Source: https://cryptodaily.co.uk/2018/12/