- WadzChain’s hybrid blockchain offers secure, flexible transactions, handling up to 10,000 TPS.
- The platform integrates smart wallets, supporting both public and private payment systems.
- WadzChain aims to be the central payment switch for all digital currencies, including CBDCs.
WadzChain Network has recently launched its unique hybrid blockchain to revolutionize the world of business payment systems. The new platform has safe, efficient and flexible transactions, it creates a solution to the increasing need for secure digital payment systems.
According to a recent report, the hybrid blockchain is made of two layers of blockchain network: the first layer is a public Layer 1 blockchain based on PoS to reach consensus while the second layer is a private Layer 2 blockchain based on PoA. This particular design enables organisations to process payments safely and effectively with the ability to handle up to 10,000 TPS. This design makes it capable of undertaking payments as small as micropayments and as large as corporate disbursements.
WadzChain Regulated Structure
The structure of WadzChain is fully regulated and allows users to work with numerous cryptocurrencies and payment systems. Besides, enterprises can benefit from its smart wallet integration and other features that help it work in both the public and the private domains. To that end, the company continues to enhance its Testnet and Mainnet, engage with the community, and add more platforms to its list of supported ones.
Anish Jain, Founder of WadzChain, said that the platform is designed to become the ‘central payment switch’ of all digital currencies including CBDCs. He stated:
“At WadzChain Network, we are leveraging our experience in the global payment industry to create a secure and user-friendly payments platform for global enterprises. Our vision is to become the central switch for all payments globally, providing interoperability across all digital currencies, including CBDCs.”
Blockchain Innovation in Payments
Senior Vice President Stas Madorski calls WadzChain as the leading solution for world payments. The platform provides the speed, security and flexibility that enable business expansion and innovation. He was optimistic that WadzChain will be the go-to payment solution on the blockchain across the globe.
With Testnet now available to developers, WadzChain calls on businesses to develop the next generation of payment applications on its network. The characteristics of the hybrid blockchain enable developers to provide solutions to real payment issues and the integration of decentralized finance would enable many financial solutions.
WadzChain is currently working towards the full launch of its Mainnet and is in the process to become a market leader in the use of blockchain technologies in payments, with an objective to revolutionize how commerce is done when it comes to digital transactions across the globe.
