Leading web3 firm and cryptocurrency exchange Bitget is pleased to present Wormhole (W), its newest listing. Wormhole is a ground-breaking network that transforms data transfer and communication between high-value blockchains, hence revolutionizing cross-chain interoperability.
Functioning as a general-purpose message-passing protocol, the Wormhole Network links disparate ecosystems and makes it easier to share different kinds of data, such as tokens, NFTs, oracle data, and governance choices. Wormhole guarantees the security and dependability of cross-chain transactions with the support of 19 guardians, enabling developers to investigate novel opportunities in decentralized finance (DeFi) and other domains.
Wormhole changes how we use blockchain technology by providing access to a wide range of creative applications. Here are a few instances of possible applications for it:
- Cross-Chain Exchange: Developers can leverage Wormhole Connect to create decentralized exchanges that accept deposits from any Wormhole-connected chain, significantly enhancing liquidity for users.
- Cross-Chain Governance: Groups spanning multiple blockchain networks can use Wormhole to facilitate combined governance decisions, allowing holders to vote on proposals across disparate chains and synchronize their actions on a designated “voting” chain.
- Cross-Chain Gaming: Gaming platforms can harness the power of Wormhole to build interactive experiences that span multiple networks. For example, a game could be hosted on a high-performance network like Solana, with rewards issued as NFTs on a different blockchain, such as Ethereum.
Gracy Chen, Managing Director of Bitget, expressed, “At Bitget, we are committed to supporting projects that push the boundaries of blockchain technology. Wormhole’s innovative approach to cross-chain interoperability opens up a world of possibilities for developers and users alike. We believe that Wormhole will play a pivotal role in shaping the future of decentralized finance, and we are thrilled to be part of this journey.”
Bitget has steadily increased its market share in spot and derivatives trading among centralised exchanges. The company, which focuses on allowing users to participate in well-known and worthwhile projects, is currently among the top 10 cryptocurrency spot trading platforms, offering over 700 coins and 800 pairs, including BTC, ETH, SOL, and other coins. The exchange launched more than 350 new listings in 2023, giving users even more possibilities. Bitget Wallet, meanwhile, supports more than 250,000 coins and more than 100 mainnets. Bitget Swap, its on-chain trading feature, allows cross-chain trade between nearly thirty mainnets.
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