Ethereum Reborn
on DIVER Chain
PURPOSE AND FEATURES
Purpose of DwETH
DIVER Wrapped ETH (DwETH) is a DRC20 token operating on the DIVER Chain, maintaining a 1:1 value ratio with Ethereum (ETH). This whitepaper provides a detailed explanation of DwETH's mechanism, advantages, security, and governance.
Key Features of DwETH
| 1:1 ETH Backing | Each DwETH is backed 1:1 by ETH |
| Rapid Transactions | Swift transactions enabled by DIVER Chain's high-performance processing capability |
| Complete Elimination of Transaction Fees | No gas fees required for transactions on DIVER Chain |
| Cross-chain Compatibility | Easy asset transfer between Ethereum and DIVER Chain |
| Transparency | All transactions and balances are public and auditable |
Why is DwETH Necessary?
While ETH is the native currency of the Ethereum network, it cannot be directly used on other blockchains. DwETH serves as a token that makes ETH usable on the DIVER Chain, bringing ETH the benefits of DIVER such as completely free transaction fees and fast processing times. It plays a crucial role in the expanding DeFi ecosystem.
WHITEPAPER
Overview of DIVER Chain
What is DIVER Chain?
DIVER Chain is a high-performance blockchain designed specifically for the modern decentralized economy. Its main features include:
Complete elimination of transaction costs
No fees or gas costs for sending tokens or NFTs.
Scalability
High transaction processing capacity and low latency. Capable of processing 240,000 transactions per second.
Security
Ensuring security through advanced consensus algorithms and decentralized governance.
Interoperability
Seamless integration with other blockchains and dApps.
Complete elimination of transaction costs
No fees or gas costs for sending tokens or NFTs.
Scalability
High transaction processing capacity and low latency. Capable of processing 240,000 transactions per second.
Security
Ensuring security through advanced consensus algorithms and decentralized governance.
Interoperability
Seamless integration with other blockchains and dApps.
Reasons to Use DwETH on DIVER Chain
DIVER Chain provides a robust infrastructure suitable for operating DeFi applications, making it an ideal platform for Wrapped ETH. Features such as completely free transaction fees and fast block generation times enhance the user experience. As a result, DwETH adoption is promoted across a wide range of fields.
How DwETH Works
DwETH issuance process
[Step 2] Smart contract locks ETH and relays the information to DIVER Chain.
[Step 3] DwETH is issued on DIVER Chain at a 1:1 ratio for locked ETH.
Use Cases for DwETH on DIVER Chain
DeFi Applications
Cross-chain
Transactions
Smart Contracts
Technical Architecture
DwETH is operated by a series of smart contracts that manage token issuance, redemption, and burning. These contracts are open-source and available for community review.
The DwETH protocol uses secure relays and oracles to manage cross-chain communication between Ethereum and DIVER Chain. It ensures that asset balances are accurately reflected on both networks.
Price feeds and other critical data are provided by trusted oracles. This ensures the reliability and security of DwETH.
Roadmap and Future Developments
01
Initial Deployment
Unlocking Ethereum's Value Across Chains: DwETH's Seamless DeFi Integration
02
Expansion of Use Cases
Expanding DwETH with Enhanced dApp Integration and Cross-Chain Growth
03
Collaboration with
the Community
Collaborating with the DIVER Chain Community for Continuous DwETH Improvement and Innovation