Wanchain has entered a strategic partnership with Polygon to create a decentralized bridge between the sidechain and Arbitrum, another Layer 2 scaling solution on Ethereum.
The planned bridge will allow transferring funds without the need to use the Ethereum mainnet and Wanchain use liquidity pools to move tokens between two networks.
The Polygon team said their planned bridge will allow transfers directly between Polygon and Arbitrum without the need to use the Ethereum mainnet in a Tuesday press release shared on a blog post.
Polygon and Arbitrum are Layer-2 blockchain protocols that integrate scaling solutions to assist bring broad adoption to the Ethereum blockchain by making transactions cheaper, faster, and more secure.
Wanchain is the only project that allows truly decentralized cross-chain transactions between isolated heterogeneous blockchain networks. Wanchain is a decentralized blockchain interoperability solution that connects the world’s isolated blockchain networks.
Bitcoin, Ethereum, Wanchain, EOSIO, Binance Smart Chain, Litecoin, XRP Ledger, Moonriver, Avalanche, and Polkadot are all supported by Wanchain’s cross-chain technology. Wanchain’s status as the world’s most advanced cross-chain solution is strengthened by the integration of Polygon’s Layer 2 bridges.
The Ethereum blockchain faces a number of issues, one of which is scalability. The gas fees rise exponentially as the network is used by more and more decentralised apps and services, and transactions expand rapidly.
Just over a week ago, nearly all participants voted in favour of a proposal to incorporate Polygon blockchain Layer-2 solutions on Uniswap, a DEX that facilitates automated Ethereum transactions, demonstrating users’ strong willingness to alleviate unacceptable scaling issues.
Gas prices have risen to unsustainable levels, depriving users of the benefits of the Ethereum ecosystem; as a result, the use of Layer-2 protocols has risen significantly.