- The Wormhole project has launched their mainnet
- Wormhole is designed to facilitate interoperability between Ethereum, Binance Smart Chain, Solana and Terra
- The protocol supports arbitrary data, which means it can enable a huge variety of use cases
Wormhole mainnet launch opens up new possibilities for blockchain interoperability
The Wormhole project has launched its mainnet, bringing new possibilities for interoperability between the Ethereum, Binance Smart Chain, Solana and Terra blockchains.
Wormhole’s network consists of “Guardians” that monitor and attest to activity on supported blockchains. The information can then be sent to other blockchains – for example, something that happens on the Ethereum blockchain can be used to trigger an action on the Solana blockchain.
Per the Wormhole team, the cross-chain messaging capability of the protocol can contain arbitrary data, which means that Wormhole can enable a huge variety of use cases. The team outlines token transfers (including NFTs), oracles and governance as some of the possible use cases, but adds the protocol can support uses that “we haven’t even thought of”.
Even though support is limited to the four aforementioned blockchains at launch, the developers say Wormhole is designed in such a way that adding support for new chains is a non-disruptive process:
“Incorporating new chains is a straightforward governance process and requires no disruption of the activities on the rest of the network. All core contracts are also fully upgradeable with governance is controlled by the Guardian set, requiring a supermajority to pass upgrades.”
The Wormhole team also announced the initial set of set of network operators (or Guardians), which includes a list of about 20 firms specializing in blockchain validation, staking and other similar operations.
The launch of Wormhole’s mainnet was also noted by Terra in a post by the project’s head of communications Brian Curran. He highlighted that the new mainnet will significantly improve the interoperability between the Terra and Solana blockchains. In particular, said that Terra’s UST stablecoin could significantly benefit from being more easily accessible on the Solana blockchain, and could see its supply expanding as a result.