W Chain to drive blockchain creation, adoption on global payment systems with recent launch

by

Azunta Gaviola

-

1 year ago

Singapore – W Chain, a Singapore-headquartered hybrid blockchain tech firm, has recently unveiled the soft launch of its Layer 1 Mainnet, marking a significant step in the company’s mission to transform global payment systems.

Building on the success of its Testnet phase, said initiative further represents a key milestone for the firm, encouraging developers to contribute feedback and recommendations. This move is aimed at enhancing the security and functionality ahead of the planned commercial release in March 2025.

Furthermore, it also introduces advanced features such as the W Chain bridge, designed to support decentralised application (Dapp) development. This phase incorporates a limited validator onboarding and real-world performance testing to optimise user experience.

The soft launch further seeks to drive the global creation and adoption of blockchain-based products and services. Said move aims to provide opportunities for developers to contribute to real-world testing and feedback, ensuring continuous improvement of the network.

As per the firm, the real-world testing component of the launch recreates user interactions, giving WChain valuable data on performance and user experience as well as helping to pinpoint areas for improvement before the full launch.

Commenting about the launch, Anish Jain, founder of W Chain Network, said, “The soft launch of our Mainnet is an important moment for W Chain as we redefine global payment systems.

“We want to build an inclusive and flexible payment environment that fits businesses’ different needs today and tomorrow. As a central switch for all payments, W Chain should be interoperable with all digital currencies,” Jain further explained.

Dinesh KR, Head of Blockchain at W Chain, also commented, “This soft launch is crucial to the company’s growth. We will use hybrid blockchain technology to secure and streamline transactions.”

“We will simulate user interactions with the platform, collect important system performance and user experience data, and make any improvements before launch,” Dinesh added.

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