Polygon, the leading platform for Ethereum scaling and infrastructure development, and Wanchain, the world’s premier decentralized blockchain interoperability solution, have announced they have entered into a strategic partnership that will drive further adoption of Layer 2 cross-chain bridges and aims to accelerate the development of interoperable blockchain technology.
As part of the cooperation, Wanchain will deploy direct decentralized cross-chain bridges that connect Polygon and Arbitrum.
Wanchain is actually the only project that enables truly decentralized cross-chain transactions between isolated heterogeneous blockchain networks. Wanchain’s cross-chain infrastructure is already compatible with a wide range of blockchains, including Bitcoin, Ethereum, Wanchain, EOSIO, Binance Smart Chain, Litecoin, XRP Ledger, Moonriver, Avalanche and Polkadot. Now that Polygon’s Layer 2 bridges has been added, Wanchain is more than ever the world’s most advanced cross-chain solution.
Polygon and Wanchain believe multiple Layer 2 solutions will coexist and that different Layer 2 blockchains will need to allow assets, data and commands to transfer directly from one Layer 2 blockchain to another.
This is the very first time that decentralized liquidity pools are used to power cross-chain bridges.
Li Ni, Wanchain VP of Business Development and Operations, said:
“We recognized that needing to pass through Ethereum when moving from one Layer 2 to another is self-defeating and completely undermines the improved scalability promised by Polygon. Wanchain’s new Layer 2 bridges preserve the high transaction throughput and low costs of Polygon while remaining efficient, versatile and decentralized.”
Sandeep Nailwal, co-founder of Polygon, added:
“By extending inroads between Abritrum and Polygon PoS, the cross-chain bridge will facilitate better liquidity and utility for ecosystem users on both sides while fostering greater overall interoperability and growth for the Ethereum Ecosystem.”