Pundi X to Join Wanchain as Validator Node

Oliver Birch
Oct 15, 2019 · 3 min read

Dear Wanchain Community,

We are pleased to announce that Pundi X will be running a validator node on Wanchain’s Proof of Stake platform. Validators began setting up nodes on August 20th over a two-week setup and preparation period. Users can now delegate their WAN to the Validators of choice. More on Wanchain’s Proof of Stake release here.

This update comes after Pundi X and Wanchain partnered in May of last year to extend distributed financial infrastructure, particularly on transactions in physical retail outlets.

Pundi X recently created the world’s first blockchain-backed point of sale solution called XPOS. Pundi X started mass production of these devices in February of 2018 and have already Pundi X and Wanchain are working towards the goal of making the blockchain onboarding process more accessible to users. Allowing retailers and vendors to transact with multiple currencies across various blockchains. Both projects are looking into how they can improve upon cross-chain technology to make the overall experience better (speed, transaction cost, usability).

On the 7th of August 2019, Pundi X announced “DAI” as the first stablecoin in the Pundi X Platform. This allows DAI to be transacted across the Pundi X payment network.

Wanchain integrated Maker’s “DAI” in October of 2018. This marked the first “cross-chain” ERC-20 integration, allowing users to swap “wdai” for “wbtc” on Wanchain.

About Pundi X

Pundi X is a blockchain project that aims to make it easier for people to purchase goods and services using crypto. The development team plans to distribute point-of-sale devices to retailers that accept payment in form of the Pundi X tokens.

About Wanchain

Wanchain is the infrastructure connecting the decentralized financial world. Wanchain’s live cross-blockchain solution is EVM-based, includes optional private transactions, and provides a decentralized, permissionless, and secure approach for interoperability. Wanchain has employees globally with teams in Beijing (China), Austin (USA), Kuala Lumpur (Malaysia), and Madrid (Spain).

Wanchain

True Defi is interoperable

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