Wanchain partners with FunctionX

Published on: 31.05.2023
Wanchain partners with FunctionX

Wanchain partners with FunctionX and deployed new decentralized, non-custodial bridges connecting f(x)Core to the Wanchain Layer 1 blockchain and the XRP Ledger. The first set of supported assets includes FX, PUNDIX, WAN, and XRP.

Wanchain, the global leader for decentralized blockchain interoperability solutions, and Function X, a multi-layered blockchain project that targets bringing traditional financial products to the Web3, are pleased to announce the addition of the f(x)Core network to Wanchain’s cross-chain infrastructure.

The Function x Platform

Function X mirrors traditional financial products and creates decentralized financial products with real-world use cases, including retail payments, DEXes, and liquidity protocols with lower fees on a scalable blockchain infrastructure.

Developers can easily create customized blockchains using Function X’s subnet solution to have different settings to suit their business needs and the setup could be different with the main chain — f(x)Core. The changeable variables include block time, number of validator nodes, transaction fee, transaction fee token, type of block reward tokens, block size, collateral, allowing smart contract deployment, etc.

Additionally, developers or business owners can cherry-pick (customize) the function/variable by their business needs and launch their sub-blockchain (while connecting with f(x)Core) or smart contract. Its purpose is to accommodate transfers between different blockchains, enabling all to build entirely on and for the blockchain.

Wanchain is both a sustainable Layer 1 PoS blockchain and a decentralized wide-area network of blockchains. The Wanchain Layer 1 PoS blockchain is a full Ethereum-like environment that works with industry-standard Ethereum tools, DAPPs, and protocols. Wanchain’s wide area network of blockchains is a decentralized system of direct, non-custodial cross-chain bridges connecting EVM and non-EVM networks without requiring centralized intermediaries. Currently, more than 20 public networks are connected by Wanchain’s wide area network of blockchains including but not limited to Arbitrum, Astar, Avalanche C-Chain, Bitcoin, BNB Chain, Ethereum, Litecoin, Optimism, Polkadot Relay Chain, Polygon, XRP Ledger, Tron and now f(x)Core.

Initially, the following public networks will be directly connected to f(x)Core: The Wanchain Layer 1 blockchain and the XRP Ledger.
  • f(x)Core <> Wanchain: $FX, $PUNDIX, $WAN, $XRP
  • f(x)Core <> XRP Ledger: $XRP

This collaboration will bring new assets and liquidity into the Function X ecosystem and create new use cases for $FX. This integration also grants projects building on f(x)Core access to Wanchain’s cross-chain infrastructure to create value for their users. The f(x)Core users, for their part, now have access to a wider range of decentralized finance (DeFi) applications and other blockchain-based services that are available on the Wanchain blockchain and other leading networks.

ABOUT Wanchain

Wanchain, the Wide Area Network chain, is the world’s premier decentralized blockchain interoperability solution. It aims to drive blockchain adoption through interoperability by building fully decentralized bridges connecting the world’s many siloed blockchain networks. This cross-chain infrastructure empowers developers to build truly decentralized cross-chain applications to power the future of Web3.

Website | Twitter

ABOUT Function X

Function X Foundation is a non-profit, independent organization. It also supports the growth of the Function X Ecosystem, a next-generation internet service framework. Additionally, it is built entirely on and for the blockchain. It is a completely new ecosystem providing a novel service framework by improving the existing internet and blockchain architectures. It also combines the benefits of both and uses the most commonly used technical solutions.

Website | Twitter

RESOURCES

Wanchain Foundation

REQUEST AN ARTICLE
Market Stats:
BTC Dominance: 48.78%(+0.05%/24h)
ETH Dominance: 18.76%(+0.08%/24h)
Defi Market Cap: $44.55B(-19.99%/24h)
Total Market Cap: $1079.81B(+0.44%/24h)
Total Trading Volume 24h: $34.55B(-10.74%/24h)
ETH Market Cap: $202.35B
Defi to ETH Ratio: 22.02%
Defi Dominance: 3.98%
Altcoin Market Cap: $553.06B
Altcoin Volume 24h: $28.68B
Total Cryptocurrencies: 26873
Active Cryptocurrencies: 9064
Active Market Pairs: 64104
Active Exchanges: 667
Total Exchanges: 6956
BTC: 27008.44$(0.05%/1H)
ETH: 1684.62$(0.17%/1H)
AVAX: 9.24$(0.12%/1H)
BNB: 216.01$(0.18%/1H)
MATIC: 0.54$(0.27%/1H)
FTM: 0.2$(0.68%/1H)
ADA: 0.25$(0.66%/1H)
DOT: 4.1$(-0%/1H)
UNI: 4.46$(0.33%/1H)
CAKE: 1.17$(0.16%/1H)
SUSHI: 0.61$(0.31%/1H)
ONE: 0.01$(0.31%/1H)