Wormhole Releases Gateway to Connect Cosmos Chains
Blockchain interoperability project Wormhole has launched the Wormhole Gateway, an appchain developed within the Cosmos ecosystem. Here are the key points:
– The Gateway aims to connect multiple Cosmos chains and applications through a single cross-chain liquidity router.
– Currently, the Gateway links 23 Cosmos-based chains, with plans to integrate more chains in the future.
– Gateway will serve as a competitor to interoperability protocols like Axelar.
– It will act as a verification layer for Wormhole messages, providing an added layer of protection alongside Wormhole’s Guardian consensus mechanism.
– The Wormhole team previously released the Wormhole bridge, which connected multiple blockchains outside the Cosmos ecosystem.
Hot Take:
Wormhole’s release of the Gateway is an important step towards achieving blockchain interoperability within the Cosmos ecosystem. By connecting multiple chains and applications, Gateway provides increased liquidity and security for users. With plans to integrate more chains in the future, it has the potential to become a leading cross-chain solution. However, it will face competition from other interoperability protocols like Axelar. Nonetheless, the introduction of the Gateway showcases Wormhole’s commitment to advancing blockchain technology and improving the user experience.
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