Instant Cross is the newest DAPP to join the Wanchain ecosystem. It is a semi-decentralised cross-chain solution developed independently by WanLabs Ltd — the team behind WanLend.
Rather than using smart contracts to lock and mint tokens each time a user triggers a cross-chain transaction, Instant Cross reduces the gas fees required to transfer assets cross-chain by relying on basic transactions between wallets instead. This method is more cost-effective as gas fees for basic wallet-to-wallet transactions are a fraction of the gas fees required to execute smart contracts. This makes Instant Cross especially well suited for users who only want to transfer small quantities of tokens cross-chain while minimising fees.
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