2024-04-06
Wormhole is among the group of the most
successful interoperability protocols that have Chainlink, Axelar, LayerZero,
and Wormhole.
Wormhole bridges use for moving tokens and data from one blockchain to another blockchains.
Wormhole now supports 29 blockchains.
Wormhole connects one blockchain to
another blockchain using smart contracts.
It can create wrapped tokens.
Wrapped tokens can instantly move tokens between blockchains.
Wormhole has its own nodes to validate
and verify transactions.
Wormhole’s W token has a max supply of
10 billion tokens. It is a governance token that allows token holders to vote
on protocol’s improvement proposals.
5.1% of W token allocate to nodes and
17% of W token allocates to community and supporters.
Wormhole’s W token is another
successful crypto because it now ranked 64th largest crypto with
$1.775 billion market cap.
Wormhole solves the problem of
interoperability by allowing tokens and data to move between blockchains.
Wormhole is one of an important infrastructure for crypto economy.
