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.

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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.

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RESOURCES

Wanchain Foundation

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Additionally, Wanchain’s native cryptocurrency, $WAN, operates within its cross-chain infrastructure. It is secured through a proprietary Proof of Stake consensus algorithm called Galaxy Consensus, which builds upon Cardano’s Ouroboros. Validators on the network are required to stake WAN coins to participate in transaction validation.

MyCointainer Platform & Wallet Integration

From now on, community members can take advantage of the Wanchain native token’s utility on its platform. Deposits and withdrawals are processed on the Wanchain network, simplifying interactions with the platform wallet and enabling you to choose from various Earning Apps. This seamless integration ensures a user-friendly experience and promotes the growth and adoption of Wanchain within the MyCointainer community.

Staking App

MyCointainer supports $WAN at Staking App, allowing users to earn passive income by holding and staking their assets. Earn an estimated 7.1% APY on your staked $WAN. The longer you hold, the more rewards you can earn.

Exchange App

Users can buy and trade $WAN against EUR, BTC, USDT, and major cryptocurrencies on MyCointainer Exchange App. We use multiple API points to guarantee our users the lowest prices from the market, making it easier to trade and save on fees.

The platform offers different coin bonuses for users who have successfully finished trading any pairs using the built-in exchange.

MyCointainer as Wanchain Validator

In partnership with Wanchain, MyCointainer is proud to announce the successful launch of its validator node, which plays a crucial role in securing the Wanchain network. This collaboration enables them to provide the opportunity for individuals interested in decentralized staking to participate in cold staking.

Additionally, they are actively pursuing the opportunity to become a storeman node, further solidifying their commitment to engaging within the WAN ecosystem.

ABOUT Wanchain

Wanchain is both a sustainable Layer 1 PoS blockchain and a decentralized blockchain interoperability solution. The Wanchain Layer 1 PoS blockchain is a full Ethereum-like environment that works with industry-standard Ethereum tools, DAPPs, and protocols.

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ABOUT MyCointainer

MyCointainer goal is to enable easy access to various rewarding crypto mechanisms for all. We want everyone to equally benefit from a changing financial landscape and speed up the global advent of crypto adoption.

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RESOURCES

MyCointainer

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Wanchain drives blockchain adoption through crosschain interoperability by building fully decentralised direct bridges that connect the world’s many siloed blockchain networks. As Wanchain Connected to Fantom Network.

What does Wanchain offers?

• Direct –  Up to Wanchain 5.0, all crosschain transfers supported by Wanchain were about transferring assets through Wanchain. A direct bridge platform is to expand the Wanchain platform to support asset transfer between two blockchains without the need of routing through Wanchain. This will allow Wanchain to provide a technical mechanism to bridge Bitcoin, Ethereum, Polkadot, and EOS blockchains directly.
• Decentralized – Wanchain provides a holistic open source crosschain suite for the 5.0 release. The Wanchain crosschain mechanism, storeman agents, P2P discovery, wallet, and browser have all been redesigned and implemented to increase performance and improve user experience.
• Fair – Anyone can deploy a Wanchain bridge node.
• Incentivised – Node operators and delegators are rewarded for securing the network and bridges with WAN coins.
• Secure – Wanchain bridge nodes use Secure Multiparty Computation and Shamir’s Secret Sharing cryptography.
• Accessible – Wanchain is fully EVM compatible, making it easy for developers to build crosschain Solidity-based applications.

Wanchain Crosschain Bridge Types

• Direct Bridges – Direct bridges require no intermediaries or relay network to complete crosschain transactions.
• Layer 2 Bridges – Layer 2 bridges use decentralised liquidity pools to bridge assets between popular Ethereum Layer 2 networks like Polygon and Arbitrum. Assets do not need to pass through the Layer 1 blockchain, thereby preserving the Layer 2 network’s high transaction throughput and relatively low gas fees.
• NFT Bridges – NFT bridges use the lock-mint-burn-unlock mechanism.

Website | Twitter 

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About Fantom Network

Fantom is a high-performance, scalable, EVM-compatible, and secure smart-contract platform. Lachesis enables Fantom to deliver fast transaction speeds, low transaction costs, and deterministic finality. Fantom is a leaderless, asynchronous, and byzantine fault-tolerant Layer 1 blockchain protocol.

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Wanchain On Autofarm .It has not been too long since you’ve last heard from us regarding adding a new chain. And we have more news for you. Autofarm is excited to announce Wanchain as our 18th chain and as with Autofarm’s mission to be completely chain-agnostic, they are thrilled to be bringing users a brand new chain to start optimising their yield on!

About Wanchain

Wanchain is both a sustainable Layer 1 PoS blockchain and a decentralised blockchain interoperability solution. The Wanchain Layer 1 PoS blockchain is a full Ethereum-like environment that works with industry standard Ethereum tools, DAPPs and protocols. And that is where autofarm comes into play. With adding the 2 biggest DEXes, autofarm will play a big role in the current ecosystem being the to-go-to yield optimizer on Wanchain.

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About WanSwap

WanSwap is an Automated Market Maker (AMM) and a decentralized exchange that’s part of a new ecosystem that allows for trading, compounding and yield farming. But WanSwap is more than just a simple DEX!

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Source

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By integrating OKC, Wanchain’s unique, non-custodial cross-chain bridges will bring new assets and liquidity to OKC’s vibrant ecosystem of projects and applications. These bridges will also create new use cases for $OKT in other ecosystems.

Initially, the following blockchains will be bridged directly to OKC: Avalanche, BNB Chain, Ethereum, Polygon, Wanchain, and XDC Network.

The asset routes include:

• OKC <> Avalanche: $OKT, $AVAX
• OKC <> BNBChain: $OKT, $BNB, $USDC, $USDT
• OKC <> Ethereum: $OKT, $ETH, $USDC, $USDT, $AAVE, $CURVE, $UNI, $DAI, $LINK, $BAL, $MKR
• OKC <> Polygon: $OKT, $MATIC
• OKC <> Wanchain: $OKT, $WAN, $USDC, $USDT
• OKC <> XDCNetwork: $OKT, $XDC, $USDT

THE OKC ECOSYSTEM

OKC ecosystem projects will use Wanchain’s cross-chain blockchain infrastructure to create new value and use cases for their users by harnessing the power of cross-chain technology.

SUSTAINABLE LAYER 1 PoS 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 that connect both EVM and non-EVM networks without requiring any centralized intermediaries.

These bridges use a combination of Secure Multiparty Computation (sMPC) and Shamir’s Secret Sharing to secure overcollateralized cross-chain assets.

CURRENT NETWORK STATUS

Currently, more than 15 Layer 1 and Layer 2 networks are connected by Wanchain’s wide area network of blockchains including but not limited to Arbitrum, Avalanche C-Chain, Bitcoin, BNB Chain, Ethereum, Fantom, Litecoin, Polkadot Relay Chain, Polygon, XDC Network, XRP Ledger and now OKC. The addition of OKC reinforces Wanchain’s position as the world’s most advanced cross-chain solution.

OKC is a secure & programmable smart contracts platform for next-generation decentralized applications, backed by OKX, one of the largest crypto exchanges. The technology built into the chain was specifically designed for high-performance trading activities and financial services with lower cost, which makes it a great match for many DeFi protocols, NFTs, and other Metaverse applications.

Based on enhanced Tendermint and Delegated Proof of Stake (DPoS) consensus that can support up to 4000 Transactions per Second (TPS), DeFi (decentralized finance) applications shall reach their full potential at extremely low cost. Wanchain’s decentralized cross-chain bridges expand the possibilities for developers.

ABOUT OKC Network
OKC is a fast, high-performance, open-source smart contract platform backed by OKX to land large-scale digital assets and Dapps.

Website | Twitter 

ABOUT Wanchain
Wanchain, the Wide Area Network chain, is the world’s premier decentralize blockchain interoperability solution. Its mission is to drive blockchain adoption through interoperability by building fully decentralized bridges that connect 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 

RESOURCES
Medium

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