Wanchain and Metis: A Powerful Partnership for Decentralized Applications.
Wanchain is a decentralized blockchain interoperability solution that connects the world’s many siloed blockchain networks. Wanchain enables cross-chain asset transfers, cross-chain messaging, and cross-chain smart contract calls. Wanchain is fully compatible with Ethereum and supports EVM-based networks, as well as non-EVM networks such as Bitcoin, XRP Ledger, Polkadot, and more1.
Metis is a layer 2 scaling solution that leverages optimistic rollups to provide high throughput, low gas fees, and enhanced functionality for decentralized applications (DApps). Metis also introduces the concept of Decentralized Autonomous Companies (DACs), which are self-governing and self-organizing communities that can execute complex business logic on the blockchain2.
Wanchain and Metis have partnered to integrate their technologies and create a powerful platform for DApp development and deployment. By using Wanchain’s cross-chain bridges, Metis can connect to any blockchain network and access its assets, data, and services. By using Metis’s layer 2 framework, Wanchain can offer its users a fast, cheap, and easy way to interact with cross-chain DApps3.
Some of the benefits of this integration are:
- Enhanced scalability: Metis can handle thousands of transactions per second on its layer 2 networks, while Wanchain can bridge multiple layer 1 and layer 2 networks together.
- Reduced costs: Metis can significantly lower the gas fees for DApp users and developers, while Wanchain can offer competitive cross-chain fees compared to other solutions.
- Increased functionality: Metis can support advanced features such as DACs, reputation systems, incentive mechanisms, and governance models, while Wanchain can enable cross-chain communication and collaboration among different DApps.
- Improved security: Metis can leverage Wanchain’s decentralized and secure bridges to ensure the safety of cross-chain assets, while Wanchain can benefit from Metis’s fraud-proof mechanism and dispute resolution process.
How to use Wanchain and Metis
To use Wanchain and Metis, you will need to install the WanWallet desktop application4 and the MetaMask browser extension5. You will also need some WAN coins, which are the native currency of Wanchain, and some METIS tokens, which are the utility token of Metis.
Here are the steps to use Wanchain and Metis:
- Launch the WanWallet application and create or import a WAN address. You can buy WAN coins from various exchanges or swap them for other assets using WanSwap, Wanchain’s decentralized exchange.
2. Launch the MetaMask extension and switch to the Ethereum Mainnet. You can buy METIS tokens from various exchanges or swap through the official bridge, a popular decentralized exchange on Ethereum.
3. Go to the Wanchain Cross-Chain Bridge website8 and connect your WanWallet and MetaMask accounts. You will see a list of supported cross-chain assets that you can transfer between different networks.
4. Select the asset that you want to transfer from one network to another. For example, if you want to transfer Metis tokens from Ethereum to Wanchain, select METIS in the “From” section and WANMETIS in the “To” section. Enter the amount that you want to transfer and click “Next”.
5. Confirm the transaction details and click “Confirm”. You will need to sign two transactions: one on the source network (Ethereum) and one on the destination network (Wanchain). Wait for the transactions to be confirmed by both networks. You can check the progress on the bridge website or on Wanscan, Wanchain’s blockchain explorer.
6. Once the transfer is completed, you will see your cross-chain asset in your destination wallet. For example, if you transferred METIS tokens from Ethereum to Wanchain, you will see WANMETIS tokens in your WanWallet account. You can use these tokens to interact with DApps on Wanchain or transfer them back to Ethereum or other networks using the same bridge.
Conclusion
Wanchain and Metis are two innovative projects that aim to improve the blockchain ecosystem by providing cross-chain interoperability and layer 2 scalability. By integrating their technologies, they offer a powerful platform for DApp development and deployment that is fast, cheap, secure, and functional. If you are interested in building or using cross-chain DApps, you should definitely check out Wanchain and Metis.