RATE Group | Wanchain Demos Interoperability with Ethereum Blockchain
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Wanchain Demos Interoperability with Ethereum Blockchain

24 Jul Wanchain Demos Interoperability with Ethereum Blockchain

Posted at 17:19h in Ethereum News by

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The days of having multiple, incompatible blockchain protocols may be numbered, following a launch that promises to unite two blockchains. The Wanchain Foundation, which funds development of “the world’s first and only interoperable blockchain with secure multi-party computing,” today announced the launch of Wanchain 2.0, which is “fully connected” to Ethereum.

The new launch is predicted to enable “seamless” transactions and interfacing with the largest smart contract platform and was revealed in a post by Oliver Birch, Wanchain’s VP of Global Communications. 

According to the post, using a combination of “contracts, multi-party computing and threshold key sharing,” ether tokens from the Ethereum blockchain can be effortlessly moved and transferred to the Wanchain platform, where they will be represented by equivalent WETH tokens.

Using ring signatures and private computations, Wanchain’s encryption protocol makes it possible to sign a transaction on…

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