by Wormhole
Quick Fact
Wormhole has bridged over $9 billion in assets across different blockchains and facilitated more than 21 million cross-chain transactions.
Wormhole is a decentralized, cross-chain messaging protocol designed to facilitate seamless and secure interaction between different blockchain networks. It leverages a decentralized network of validators, known as Guardians, to ensure the security and integrity of messages transmitted across various blockchains.
Wormhole enables various blockchains to communicate seamlessly. This interoperability supports a wide range of applications, including token transfers, cross-chain governance, and NFT transactions. By connecting over 30 blockchains, Wormhole helps reduce liquidity fragmentation and enhances the overall efficiency of decentralized applications.
Wormhole utilizes a network of Guardian nodes; these Guardians sign and validate messages off-chain after most nodes agree on each message's validity. his setup reduces the complexity and gas costs typically associated with cross-chain interactions, provides robust security, and prevents any single point of failure in the message validation process.