platform for Ethereum scaling and infrastructure growth, and Wanchain, a decentralized blockchain interoperability answer, have introduced a strategic partnership that can drive additional adoption of layer-2 cross-chain bridges.Polygon, a
Wanchain will now deploy direct decentralized cross-chain bridges connecting Polygon with Arbitrum. This layer 2-to-layer 2 bridge will improve Polygon’s rising suite of options, together with Polygon Hermez, Polygon PoS, Polygon SDK, and Polygon Avail.
The partnership marks the primary occasion of utilizing decentralized liquidity swimming pools for a cross-chain bridge. This method differs basically from the industry-standard Lock-Mint-Burn-Unlock method beforehand formalized by Wanchain.
“We acknowledged that needing to go by Ethereum when transferring from one layer-2 to a different is self-defeating. Wanchain’s new L2 bridges protect the excessive transaction throughput and low prices of Polygon whereas remaining environment friendly […]”
– Li Ni, Wanchain VP of Business Development and Operations
Wanchain’s cross-chain infrastructure already helps Bitcoin, Ethereum, Wanchain, EOSIO, Binance Sensible Chain, Litecoin, XRP Ledger, Moonriver, Avalanche, and Polkadot.
“By extending inroads between Abritrum and Polygon PoS, the cross-chain bridge will facilitate higher liquidity and utility for customers whereas fostering higher general interoperability and development for the Ethereum ecosystem.”
– Sandeep Nailwal, Co-Founder at Polygon