Wanchain Integration with Fantom
WanBridge for Fantom (FTM) is now live on mainnet. This is one major step for Wanchain on the way to the crosschain blueprint as they continue to enrich their growing list of well-known public chain integrations such as Ethereum, EOS, XRP Ledger, BSC, Polkadot, Litecoin, Moonriver, Avalanche, and Dogechain.
Workflow Of FTM Crosschain
The so-called “direct bridge” means that assets can be transferred directly between two public chains without going through Wanchain as a relay.
Taking FTM from Fantom to Wanchain as an example:
- When a user sends a FTM cross-chain transaction (e.g. transferring 10 FTM) via WanBridge Web, the 10 FTM coins will be locked in the crosschain contract which is deployed on the Fantom blockchain.
- The Storeman Group that manages WanBridge will use the sMPC mechanism with at least 17 out of the 25 Storeman nodes to finally issue the 10 mapped assets (wanFTM) to the target address on Wanchain.
Wanchain
True DeFi is interoperable — Wanchain, the Wide Area Network chain, is the world’s premier decentralised blockchain interoperability solution. Our mission is to drive blockchain adoption through interoperability by building fully decentralised bridges that connect the world’s many siloed blockchain networks. This crosschain infrastructure empowers developers to build truly decentralised crosschain applications to power the future of DeFi.
