Wire Network solves interoperability with the launch of UPAP,
Bradenton, Fla., June 27, 2022 (GLOBE NEWSWIRE) — Wire Network (https://wire.network/), a 3rd generation Layer 1 blockchain, announces the launch of its interoperability protocol.
Universal Polymorphic Address Protocol or UPAP (https://upap.io/) provides users with a universal, readable wallet address to send and receive NFTs, perform cryptocurrency exchanges, and add liquidity pairs to any what blockchain. The UPAP Interoperability Protocol is a breakthrough blockchain technology that drives a range of first-to-market innovations focused on usability, gaming, scalability, and security for cryptocurrencies and decentralized applications (dapps).
“Other competitors have attempted interoperability but are limited by complex procedures and centralized operations. By comparison, our protocol is fully decentralized, requires no bridges or oracles, and offers an inexpensive service that is more secure against cyberattacks,” said Ken DiCross, CEO of Wire Network. “UPAP is the future of usability in Web3 and we anticipate its adoption in every corner of the crypto universe.”
Alpha Release: Universal Wallet is currently accessible through Wire’s NFT marketplace and play-to-earn app, R4R3 and Dragon Spawn, and will soon be widely available through UPAP-enabled wallet partners TheWallet and MegaMask.
Developers: will be able to adopt and integrate the SDK into their portfolios to provide users with UPAP functionality. This means that once a digital asset is owned by a UPAP wallet holder (thus entering their ecosystem), the asset inherits interoperability that allows users to exchange assets while bypassing the fees of native chain transaction.
Wallet: UPAP wallets integrate with any blockchain that uses an ECDSA key pair like Bitcoin, Ethereum, Solana, Cardano, Wax, Algorand and all others. Simply import a mnemonic code from your favorite wallet and it will show a UPAPwallet address which will unlock all protocols representing any blockchain. By knowing a recipient’s universal wallet address, you can send and receive any Web3 asset authoritatively and securely.
This makes UPAP a premier protocol that allows users to send digital assets from any chain to a universal wallet without barriers.
“Domain names have created a standard readable convention for web servers. Linux has created a standardized environment for running code on web servers. Currently, Ethereum addresses are different from Solana addresses which are different from Bitcoin addresses etc. UPAP translates these different types of addresses in a standardized way, allowing assets that exist on different protocols to be universally accessed, exchanged, or transacted by UPAP enabled wallets, without knowledge of the asset’s chain of custody. said Kyle Dolan, CTO of Wire Network.
Wire Network is gearing up for the launch of its NFT sale of Wire Network Nodes, which provide owner governance, network resources, premium memberships, and token rewards exclusive to Wire Network.
For more information on working with Wire Network, adopting the UPAP protocol, or participating in the Wire Node sale, visit https://wire.network.
About wired network
Wire Network is an ecosystem comprised of a 3rd generation, NFT-first, Layer 1 blockchain focused on performance, interoperability, gaming, scalability, and security. UPAP is the first major interoperability technology created by Wire Network. Developed by a team of crypto and security experts, Wire Network offers wired nodes as NFTs that allow buyers premium membership, network resources, governance, and token rewards exclusive to Wire Network. For more information, visit https://wire.network/.
All product and company names mentioned herein may be trademarks of their registered owners.
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