Wanchain will become an EVM-compatible sidechain to Cardano
As shared by Tim Harrison, Vice President of Community and Ecosystem at IOHK, Cardano’s parent company IOHK, and Wanchain are collaborating to enable interoperability between the Cardano mainnet, Cardano sidechains, and other blockchain networks. Here, Wanchain will become an EVM-enabled sidechain for Cardano.
As stated in a blog post, both teams, IOHK and Wanchain, will work together to deploy directional cross-chain bridges that will connect Cardano to other Layer 1 blockchains. Wanchain bridge nodes will also be updated to peg the Wanchain and Cardano networks, making Cardano’s cross-chain bridges and transactions even safer.
More than fifteen Layer 1 and Layer 2 networks are currently connected via Wanchain bridges. Cardano’s inclusion in this vast blockchain network connects the Cardano network to other DeFi and Web3 ecosystems, expanding both the potential use cases for ADA holders on other chains and the possibility whether BTC, ETH, DOT, WAN, XRP and other coins are used in Cardano. own dApp ecosystem.
In recent months, Cardano has reached several milestones in interoperability while announcing new partnerships and integration.
As previously covered by U.Today, the AGIX ERC-20 Converter Bridge, which was developed in conjunction with SingularityNET, was recently released. Its functionality allows users to link Ethereum-based ERC-20 tokens to Cardano, with the DeFi sector set to benefit the most.
Also in March, the Milkomeda Foundation announced the launch of C1, an EVM compatible sidechain connected directly to the Cardano blockchain. This allows users to seamlessly transfer assets between the two blockchains, allowing Ethereum-based dApps to function on top of Cardano through the use of wrapped smart contract technology.
In another recent collaboration, Cardano’s trading arm, EMURGO, unveiled its partnership with Blockpass to integrate on-chain KYC into its regulatory compliance offering. Through this collaboration, Blockpass will add Cardano crypto addresses to the Blockpass app and offer on-chain KYC services for Cardano ecosystem projects, optimizing their KYC requirements.
