What price is Wormhole (W) worth buying tonight?
Wormhole is a universal messaging protocol that was first launched in October 2020 and aims to enable developers to build native cross-chain applications covering multiple chains. Wormhole started as a hackathon project with the goal of finding a solution that enables blockchains to "communicate with each other".
Project Advantages
1. Decentralization
Decentralization is the core concept of Wormhole. Wormhole achieves true decentralization through its Guardian network. This decentralized approach ensures that there is no single point of failure and improves the security and reliability of the network.
2. Modular design
The design of Wormhole emphasizes modularity, so that various components in the ecosystem (such as oracle, relayer, application, etc.) can be designed, modified and upgraded independently of other parts. This modular approach ensures the flexibility and stability of the system, while being more able to quickly adjust and adapt to future development trends.
3. Support for bridging non-EVM-compatible and EVM-compatible chains
Wormhole is one of the few messaging solutions that can connect non-EVM-compatible chains (such as Solana, Aptos, Sui, Algorand, etc.) with EVM-compatible chains (such as Ethereum, BNB Chain, Polygon, etc.). This wide range of chain support ensures the wide applicability, interoperability and excellent scalability of Wormhole. Currently, Wormhole supports communication across 25+ chains.
4. Powerful and upgradeable trust network
Wormhole's trust layer is built with a PoA mechanism, and a group of trusted Guardians are responsible for the verification of inter-chain messages. These Guardians are well-known entities with strong capital and reputation endorsements, which ensures the authenticity and security of cross-chain messages. At the same time, Wormhole's design allows it to be upgraded and modified without disrupting existing integrations.
5. Seamless user experience
Currently, Wormhole does not charge any fees for cross-chain asset transactions (users need to pay the necessary gas fee). On the other hand, Connect allows many applications to easily integrate Wormhole into their own DApps without developers having to pay any fees, greatly simplifying the interaction process.
What price is worth getting on board?
The current over-the-counter price is between $1.5 and $2. If it is below $1.5, it is worth going for it boldly. Especially now that the market is hot, many people are waiting and watching. As long as the fundamentals of newly launched projects are not bad, a lot of funds will flow into the market.
#虫洞 #新币挖矿