Polygon, one Ethereum expansion platform And infrastructure development, as well as the decentralized blockchain interoperability solution Wanchain announced a strategic partnership, which will promote the further adoption of layer 2 cross-chain bridges.
Wanchain will now deploy a direct decentralized cross-chain bridge, connecting Polygon with arbiterThis layer 2 to layer 2 bridge will enhance Polygon’s growing suite of solutions, including Polygon Hermez, Polygon PoS, Polygon SDK, and Polygon Avail.
This partnership marks the first example of the use of decentralized liquidity pools as a cross-chain bridge. This method is fundamentally different from the industry standard Lock-Mint-Burn-Unlock method officially formulated by Wanchain.
“We recognize that the need to go through Ethereum when moving from layer 2 to another is self-defeating. Wanchain’s new L2 bridge maintains Polygon’s high transaction throughput and low cost while maintaining efficiency […]”
——Li Ni, Vice President of Business Development and Operations at Wanchain
Wanchain’s cross-chain infrastructure Already supports Bitcoin, Ethereum, Wanchain, EOSIO, Binance Smart Chain, Litecoin, XRP Ledger, Moonriver, Avalanche and Polkadot.
“By expanding the progress between Abritrum and Polygon PoS, the cross-chain bridge will provide users with better liquidity and utility, while promoting the overall interoperability and growth of the Ethereum ecosystem.”
– Sandeep Nailwal, Co-founder of Polygon