Wormhole: Solana's bridge with Ethereum, BSC and Terra
In the near future, there will be hundreds, perhaps thousands of different blockchains for which it will be essential to use cross-chain bridges that allow the exchange of information between the various networks in a secure and short-term way, as well as being economically advantageous. .
Whormole is a bridge built for exchanges between the Solana blockchain and Ethereum, it uses decentralized cross-chain oracles - called Guardians - managed by a series of node operators that include Solana's top validators and other ecosystem stakeholders whose incentives are strongly aligned with Solana. Guardians certify token blocks and burns on one chain to mint new tokens or issue tokens on the other and vice versa.
Whormole, in addition to continuing to be Solana's bridge with Ethereum, has subsequently integrated the possibility of trading with the Binance Smart Chain and recently with Terra. To date it is therefore possible to carry out transactions between the 4 blockchains quickly and securely, in a few steps and with the mini error possible. in addition to sending coins, Whormole also offers the possibility to move NFT (Non-Fungible Tokens) between the same blockchains, an excellent integration since the market is very flourishing in all ecosystems and Earth, for example, is speeding up times and catching up. lost.
Unlike other bridges, the choice of the developers was not to have their own staking token since the distribution of the same in a non-uniform way can generate divergences between the nodes themselves. The Guardians have the same validation weight and each transaction is correctly verified by the chain if at least 2/3 of the validators validate the message.
The Guardians are carefully selected to be excellent in terms of reliability and functionality, being the nerve center of bridge decentralization.
It is plausible to expect further integrations of new blockchains in the coming months, such as Cardano which is increasingly developing a truly incredible ecosystem, pushing a lot on DeFi and especially NFT. New blockchains will be developed in the future and it is essential for the success of such an important tool as a bridge to be adaptable as much as possible to market needs. In my opinion, the ability of a bridge to adapt to new features will be the key element that will distinguish a successful bridge from the others and Wormhole is proving to have all the characteristics to be among the best bridges currently in the crypto sector.
I invite you to carry out some tests on https://wormholebridge.com/#/, you will obviously have to associate the various wallets such as Metamask for Ethereum and Binance Smart Chain, Phantom for Solana and Terra Station for Terra.
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