31 August 2021

Wanchain Integrates Its Decentralized Cross-Chain Infrastructure with Moonbeam’s Moonriver

Wanchain Integrates Its Decentralized Cross-Chain Infrastructure with Moonbeam’s Moonriver

Summary

  • Wanchain integrates its decentralized cross-chains network on Moonbeam
  • The integrations will enhance DeFi apps development
  • Interoperable cross-chain projects will power the innovation phase
  • Cross-chain bridges will connect Moonriver to DeFi

Polkadot-based Ethereum-compatible smart contract and Wanchain, a decentralized blockchain interoperability solution, have announced an integration plan to integrate Wanchain’s decentralized cross-chain infrastructure with Moonriver, a Moonbeam companion network.

This integration hopes to enhance DeFi applications development on different blockchains while strengthening the overall decentralized finance ecosystem on Kusama, Polkadot’s relay chain hosting Moonriver. The integrations will also allow developers to create cross-chain decentralized apps, which will set off an innovations phase for apps on the Polkadot platform.

Wanchain and Moonbeam aim to use this collaboration to enhance the DeFi ecosystem by introducing an innovation phase powered by interoperable cross-chain projects. According to these two companies, this innovation will improve the transfer of assets, information, smart contracts, and data across all parachains on the Polkadot platform and Ethereum blockchains.

The Wanchain decentralized cross-chain bridges will be used to connect Moonriver to the DeFi ecosystem and other chains like Binance Smart Chain, Bitcoin, XRP Ledger, and Litecoin.

Kibet Elikana
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