Wire Network launches blockchain interoperability protocol UPAP - Aliens: AI Crypto News & Markets Updates




Wire Network launches blockchain interoperability protocol UPAP


Thu, Jun 23, 2022

Wire Network, a first-tier blockchain platform, has announced the release of its blockchain interoperability protocol. The Universal Polymorphic Addressing Protocol (UPAP) is intended to address interoperability difficulties in the Web3 environment without the use of bridges or oracles.

UPAP claims to offer an interoperable solution with globally accessible wallet addresses for sending and receiving NFTs, performing cryptocurrency exchanges, and adding liquidity pairs across any blockchain.

Using the ECDSA encryption method, anyone can connect a UPAP wallet onto the blockchain. Users must import a mnemonic phrase from their preferred wallet, and UPAP will generate a universal address that can be used to send any asset on any blockchain.

Source: Cointelegraph

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