Wormhole: everything you need to know about W

What is Wormhole?

Wormhole (WH) is a platform that connects different blockchains. This means that, for example, you can send a token from Ethereum to Solana without having to make an intermediary step first. Wormhole ensures that these blockchains can communicate securely with each other and exchange data.

How does Wormhole work?

Wormhole uses a network of 'Guardians' - a group of 19 independent validators. When someone wants to make a transaction between two blockchains, these Guardians verify the transaction and give their approval. The transaction is then securely forwarded to the other blockchain. This process makes it possible to move, for example, NFTs and cryptocurrencies between different networks.

The W-token

The native token of Wormhole is called W. Wormhole operates on a decentralized system, and the W token helps in managing the infrastructure.

The technology behind Wormhole

Wormhole uses a special cross-chain messaging protocol. This means it can send messages and transactions between different blockchains. Thanks to this technology, developers can build new applications that work with multiple blockchains at the same time, such as decentralized exchanges (DEX) and NFT marketplaces.

The Wormhole ecosystem

The Wormhole network supports over 200 different projects, including DeFi apps, NFT marketplaces, and gaming platforms. Thanks to Wormhole, these projects can benefit from multiple blockchains without being limited to just one network.

Benefits of Wormhole

• Interoperability - Wormhole connects blockchains, allowing users to transfer assets effortlessly.
• Scalability - More than 30 blockchains are connected, including Ethereum, Solana, and Polygon.
• Safety - Transactions are validated by a network of independent Guardians.

Disadvantages of Wormhole

• Complexity – Developers need to learn how to use the technology properly.
• Dependence on Guardians - Although the system is secure, transactions rely on the correct functioning of the Guardians.

Who is the founder of Wormhole?

Wormhole was developed in 2021 by Jump Crypto, a part of Jump Trading Group. This company specializes in crypto markets and trading infrastructure.

Expectations for the near future.

Experts expect a minimum price of €0.3000 in 2027 and a minimum price of €0.9900 in 2032.

Frequently asked questions