The Integration Edge offered By WAB and The Advantages You Need to Know
The WAB Blockchain, the primary driver of the Blockchain 5.0 era, offers many innovations that solves a lot of blockchain’s current woes. From tackling scalability and transaction speed to making the blockchain secure from even futuristic quantum attacks, WAB is pointing the way to where blockchain is supposed to be headed.
One of its more powerful features is in the integration of many different blockchains and cryptocurrencies with the primary WAB blockchain. This is done through its infrastructure that supports cross chain data exchange and communication.
The methodology is like how Ethereum does it with Smart Contracts, but with WAB offering more robust privacy features using Lamport signatures schemes, as well as allowing cross chain transfers.
WAB supports data exchange and true integration of third party blockchains and digital assets into the main WAB blockchain. There are several advantages conferred by this approach.
Integration Offers Accurate Data Transfer
WAB offers robust features that allow transferring of data and assets from one chain to another in a secure and accurate manner. This is done through a threshold secret sharing joint anchoring system and secure multi-party computing schemes to integrate assets and blockchains together.
Once connection is established, data transfer can now be performed. This is done by moving data or any asset from the original blockchain over to the WAB blockchain. A brand-new copy of the asset is created, and it is registered on the WAB network using a smart contract. Once registered, WAB will release out equivalent tokens to ensure that the new asset is tradeable in the WAB blockchain.
Let’s illustrate this using an example. Say User A is on the Ethereum network and wants to transfer 20 ETH to User B on the WAB network. User A initiates a cross-chain request using a WAB wallet, then starts transferring ETH. On the WAB end, a verification node receives User A’s cross chain request. This verification node checks to see if the ETH transaction is indeed recorded on the Ethereum blockchain. Once verification is complete, WAB will now issue a new smart contract token on WAB to User B, equivalent to the ETH sent by User A.
The reverse happens when User B wants to send that ETH back to another user in Ethereum. User B initiates a cross-chain request with the token assets that are to be converted into ETH. The verification node locks these assets, then creates an Ethereum transaction using a secure secret sharing protocol. Once verification is done on the Ethereum network, the assets are cleared on the WAB side and the corresponding ETH is sent to the user on the Ethereum side.
Integration is Decentralized
Traditionally, if you wanted to integrate two blockchains together and trade data between them, you would need a third-party solution. Often, these are in the form of exchanges to convert data, usually a crypto coin, from one to the other. The added middleman, itself centralized, beats the entire purpose of a decentralized blockchain. What’s more, such exchanges are susceptible to hacks, and form a weak link in what would otherwise be two fully integrated blockchains.
With WAB, all cross -chain transactions pass through an internal verification node. This node checks to see if transactions are valid and recorded on both ends. In this regard, WAB offers true integration is realized as data exchange happens directly from chain to chain, no relying on potentially risky middleman needed. This keeps the entire system secure, and all within your control.
Integration Preserves the Original Chain
When the a blockchain is connected into the WAB blockchain, the approach ensures that the original blockchain remains untouched. There is no need to do any modification or running of scripts on the original to accommodate the WAB connection, and two-way anchoring is avoided during the account locking step. This is possible because the data itself is simply moved and converted into WAB tokens over to the WAB network.
This makes integrating any blockchain with the WAB network relatively easy, fast and cheap. Any private or sensitive data on the original blockchain remains untouched, making safe access on both private and public blockchains possible.
Integration is Secure
An understandable and common concern with integrating blockchains with the WAB network is “Is it safe?” After all, connecting means possibly exposing some or all the original blockchain to hacks. And while other cross chain exchanges offer some security measures, they all rely on the user making the transaction itself secure. This is simply not a full proof way to secure crucial transactions.
WAB believes in a more robust security protocol for cross-chain exchanges. It is built upon the concepts of multiparty computing and locked account management. On top of using Lamport signature and ring signature schemes on its own blockchain, it uses several approaches specifically for cross chain transactions.
These include a privacy protection system using one-time accounts and ring signatures, and a threshold secret sharing protocol. WAB’s own verification node, as discussed above, also screens and protects all transactions from any unauthorized access.
Integration Protects Your Privacy
WAB allows total privacy protection of the users on the original blockchain when they send data over to the WAB blockchain. This is done by disguising the assets in the WAB network using smart contracts. The smart contracts themselves are protected using accounts made with ring signature technology and one-time-only use privileges. In this way, the identity of the users on the other blockchains are made anonymous and untraceable, and privacy is maintained.
The power of true chain-to-chain integration offered by the WAB network opens a whole new door of wonderful possibilities, especially in the financial sector. WAB makes true decentralized, peer-to-peer exchange of many different crypto currency exchanges a reality, without the need for a centralized middleman. And all this is made possible while maintaining the highest level of security and privacy for all blockchains involved. It’s also relatively fast and easy, encouraging adoption.
With this, WAB is well on its way to place itself in the center of an integrated digital blockchain world.
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