Wanchain bridges ecosystem now establishes a single interoperability area for Polkadot (DOT) Relay Chain and Substrate-focused DeFi networks Moonbeam and Moonriver, according to the official statement.
Between Wanchain (WAN) and Moonbeam (GLMR), Moonbeam and Polkadot (DOT), and Moonbeam (GLMR) and Moonriver, noncustodial bridging methods are enabled (MOVR).
GLMR, MOVR, and DOT assets can now be moved through new channels in a decentralised and seamless manner. It enhances the Polkadot-centric DeFis liquidity ecosystem, interoperability, and performance status.
Wanchain has already established a comparable technique for interoperability between the two major blockchains, Ethereum (ETH) and Bitcoin (BTC).
Derek Yoo, the founder of Moonbeam, is certain that this innovation will connect Polkadot, Moonbeam, and Moonriver into a worldwide crypto ecosystem that is cross-network:
“Because of the development of chains, no one interoperability solution can connect all destinations. Wanchain has developed a unique system that allows for cross-chain transactions and asset transfers to Ethereum, Bitcoin, and EOS. We’re excited to help developers create multi-chain applications that use the Wanchain connection to open up new trade channels and user and asset markets.”
The new integration makes use of Polkadot’s XCM format and XCMP transport protocol, two important advancements in the company’s technology.
As a result, the Kusama-based xcKSM is the first-ever token to benefit from this major announcement: it may now be moved easily between Moonriver, Moonbeam, and Wanchain.
Read more: Polkadot announces the debut of XCM messaging system
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