Singapore Based WadzChain Launches Hybrid Blockchain to Simplify Global Payments for Businesses

Posted by Adrienn Sarkany 7 months Ago

WadzChain, a Singapore-based company, has launched a hybrid blockchain designed to simplify global payments for businesses. The blockchain combines Layer 1 public and Layer 2 private architectures, offering fast, secure transactions with up to 10,000 TPS. It uses Proof of Stake (PoS) for public consensus and Proof of Authority (PoA) for private consensus, ensuring interoperability and compliance with global regulations.

The platform supports multiple digital assets and payment gateways, catering to a variety of use cases from micropayments to large enterprise transactions. WadzChain’s Testnet is now open for developers to create payment applications, with plans for a phased mainnet launch based on feedback. This hybrid blockchain aims to become the central switch for global payments, including CBDCs, and to meet the evolving needs of the digital payment ecosystem.

Source: ffnews.com

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Adrienn Sarkany
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Hello there! I'm a 21-year-old university student majoring in Finnish and Korean Language and Literature. I have a deep passion for art and a profound connection to the natural world. My journey through life has been a colorful one, driven by my love for creativity, music, and the wonders of the great outdoors. As a dedicated student, I've already earned a degree in Classic Cantos, a testament to my appreciation for the timeless beauty of classical music. Beyond the classroom, my artistic spirit thrives through my love for painting and drawing. These creative outlets allow me to express my thoughts and emotions, transforming blank canvases into vibrant stories. My interests go far beyond music and art. Singing, playing the piano, and exploring new melodies are integral parts of my life, providing me with both solace and exhilaration. When I'm not immersed in the world of art and music, I find solace in nature's embrace. My heart is drawn to animals and the serene beauty of the natural world, fueling my desire to protect and preserve our precious environment.