Wanchain will allow users to transfer ETH across Polygon zkEVM and other networks easily.
With its ETH XFlows technology, transactions are not only faster and cheaper, they also don’t need centralized exchanges.
Decentralized interoperability solution Wanchain wants to introduce its ETH XFlows technology to the Polygon zkEVM network. According to a press release, the move is part of larger efforts to ensure slippage-free, native-to-native Ethereum (ETH) transactions across multiple blockchains in a way that would expose users to faster and more cost-effective cross-chain experiences.
Wanchain to Solve Cross-Chain Transactions Issues
According to Wanchain, it will use the expansion to introduce a series of cross-chain routes that will connect Polygon zkEVM with major blockchain networks. These networks include Ethereum, Arbitrum, Base, BNB Chain, Polygon, and many more.
On the surface, this expansion aims to simplify cross-chain transactions and improve interoperability between Polygon zkEVM and many Layer 1 (L1) and Layer 2 (L2) networks. Moreover, according to a statement by Wanchain CEO Temujin Louie, the expansion will, in the overall sense, offer more flexibility to enterprises, developers, and decentralized finance (DeFi) users.
For what it might be worth, many Ethereum Layer 2 solutions, such as Arbitrum, Optimism, and Polygon, provide secure in-house bridges for moving ETH between Ethereum and their networks. However, the security comes at a cost. These bridges are usually expensive. That is not to mention that they also have slow processing times and limited interoperability.
Sometimes transactions may take over a week, leaving users frustrated and, ultimately, slowing down the adoption process.
Then comes Wanchain with its ETH XFlows technology to solve these issues. That is, by offering non-custodial, slippage-free cross-chain transactions that do not rely on centralized exchanges. Louie said in a part statement:
“ETH XFlows is designed to give users more control, bypass limitations, decrease delays, and offer a sustainable solution in the cross-chain infrastructure.”
“ETH XFlows is designed to give users more control, bypass limitations, decrease delays, and offer a sustainable solution in the cross-chain infrastructure.”
What This Means for the Blockchain Ecosystem
The expansion of cross-chain solutions, such as ETH XFlows, to Polygon zkEVM is not just a technical achievement. It is a rare feat that could even impact the broader blockchain ecosystem.
By addressing the issues mentioned above, Wanchain is throwing in all it has to bring all isolated networks into the fold and create a unified blockchain infrastructure.
Wanchain was founded in 2017 and has since been committed to driving blockchain adoption. As of publication, its efforts so far have seen it use its infrastructure to connect 40 EVM and non-EVM networks. The protocol boasts one of the best security systems in the industry and has had no reported cases of exploits or hacks since its inception.
