Wanchain Expands ETH XFlows Technology to Polygon zkEVM Network
Wanchain plans to implement its ETH XFlows technology on the Polygon zkEVM network. This initiative aims to facilitate slippage-free, native-to-native Ethereum (ETH) transactions across various blockchains, enhancing user experience with faster and cost-effective cross-chain interactions.
Key Developments
- Introduction of cross-chain routes linking Polygon zkEVM with major networks: Ethereum, Arbitrum, Base, BNB Chain, and others.
- Focus on simplifying cross-chain transactions and improving interoperability between Layer 1 (L1) and Layer 2 (L2) networks.
- Wanchain CEO Temujin Louie emphasizes increased flexibility for enterprises, developers, and DeFi users.
- Current Ethereum Layer 2 solutions face challenges: high costs, slow processing times, and limited interoperability.
- ETH XFlows offers non-custodial, slippage-free transactions without relying on centralized exchanges.
“ETH XFlows is designed to give users more control, bypass limitations, decrease delays, and offer a sustainable solution in the cross-chain infrastructure.” - Temujin Louie
Implications for the Blockchain Ecosystem
- The expansion addresses existing issues, potentially impacting the broader blockchain ecosystem.
- Aims to unify isolated networks, fostering a more integrated blockchain infrastructure.
- Wanchain has connected 40 EVM and non-EVM networks since its founding in 2017.
- Wanchain's protocol is noted for its strong security track record, with no reported exploits or hacks.