Wire Network has introduced the launch of its interoperability protocol known as Universal Polymorphic Address Protocol (UPAP). The protocol goals to allow customers have a pockets deal with to ship and obtain NFTs, carry out cryptocurrency swaps, and add liquidity pairs throughout any blockchain. The blockchain community said that alpha variations of the common pockets are presently accessible by its NFT market, and play-to-earn decentralised functions (dapps) resembling R4R3 and Dragon Spawn will quickly be obtainable by UPAP-enabled pockets companions ThePockets and MegaMask.
While different opponents have tried interoperability, they’re restricted by procedures, blockchain bridges, oracles, or centralised operations, Ken DiCross, CEO, Wire Network, said. “The UPAP protocol aims to be decentralised, require no bridges, no oracles, and offer low-fee service that is more secure from cyberattacks. We anticipate adoption from every chain, wallet, and user,” he added.
According to Wire community, the UPAP interoperability protocol is a blockchain expertise that leads a line-up of improvements centered on usability, gaming, scalability, and safety for cryptocurrencies and dapps. Developers will be capable of undertake and combine the software program improvement package (SDK) into their wallets to supply customers with UPAP performance. The UPAP pockets goals to combine with any blockchain that makes use of an elliptic curve digital signature algorithm (ECDSA) key pair resembling Bitcoin, Ethereum, Solana, Cardano, Wax, Algorand, amongst others. Just by realizing a recipient’s common pockets deal with, customers can ship and obtain any Web3.0 asset, making UPAP a protocol that permits sending of digital property from any chain to at least one common pockets with none barrier, the corporate claims.