Wednesday, December 25, 2024

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Wire Network launches unique crypto interoperability protocol

Wire Network launches unique crypto interoperability protocol

Wire Network has launched the interoperability protocol that gives users access to the universal wallet address that can be read to send and receive unburden tokens and exchanging cryptocurrency in each blockchain.

The Universal Polymorphic Address Protocol (UPAP) is a blockchain technology that leads a series of innovations that focus on the uses, games, scalability, and security for cryptocurrency and decentralized applications (DAPPS).

While other competitors have tried interoperability, they are limited by complex procedures, vulnerable blockchain bridges … or centralized operations,” said Ken Dicross, CEO of Wire Network. “The upap protocol is fully decentralized … and offers low -cost service that is safer from cyber attacks.”

The Alpha version of the Universal Wallet is currently accessed through the NFT Marketplace Wire and DAPP Play-KE-ENAR, R4R3, and Dragon Spawn. This will soon be widely available through a wallet partner activated by the thewallet and megamask.

Developers will be able to provide upap functionality to users in their wallet. After the digital asset is held by the UPAP wallet holder and has entered its ecosystem, he becomes an interopeble and allows users to trade assets without paying the original chain transaction fees.

UPAP is integrated with any blockchain and supports Bitcoin, Ethereum, Solana, Cardano, Wax and Algorand, among others. A user only needs to import a mnemonic code from a wallet to create a universal wallet address, unlock all protocols that represent any blockchain.

By knowing the address of the recipient’s universal wallet, the user can send and receive any web3 assets, making the first protocol of its type that allows the delivery of digital assets from any chain to a universal wallet without any obstacles.

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