Blockchain

Wormhole Deployed Its Generic Messaging Layer To The AptosLabs Devnet

The Wormhole Bridge implements cross-chain communication with the devnet AptosLabs, as confirmed at the Mainnet 2022 conference from the project side.

The communication layer facilitates the transfer of assets between chains supported by Wormhole. Accordingly, Aptos is the latest name that Wormhole connects to, after 17 layers-1 such as Ethereum, Solana, Binance Smart Chain, and Polygon,…

Aptos devnet acts as a test environment for blockchain developers to work in. Like the testnet, the devnet usually operates independently of the mainnet.

Through Wormhole’s Portal Bridge mechanism, the original token is locked in a smart contract and creates a wrapped token version at the other end of the chain. After receiving this wrapped token version, users can freely interact DeFi on the destination chain.

Available on the Aptos devnet as a node that unlocks the flow of liquidity into Aptos, providing developers with enhanced integration with Wormhole’s lightweight clients and access to oracle and NFT pricing markets.

Pyth, the Jump Crypto-backed oracle platform, also chose to launch on the Aptos devnet on September 21.

Aptos is the project of a former engineer Diem, blockchain was once developed by Facebook and abandoned. Recently, Aptos received an additional investment from Binance.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

Recent Posts

Bonk’s ICO Was Just the Start: Why BTFD Coin’s Stage 7 Price Rollback Is Your Second Shot at Crypto Glory

BTFD Coin is offering a chance to relive the glory days of meme coin investing,…

47 minutes ago

Decoding BDAG’s AMA: A Blueprint for Scalable Blockchain and Enhanced Community Ties

Explore key takeaways from BlockDAG’s AMA, showcasing strides in scalability, growth of the ecosystem, and…

1 hour ago

Best Cryptos with 1000X Potential: Qubetics Revolutionises Blockchain as Polkadot and Cosmos Shape the Future

Discover why Qubetics, Polkadot, and Cosmos are the best cryptos with 1000X potential, offering innovation,…

5 hours ago

Best Coins to Buy in December 2024: Qubetics Offer 630% ROI, Polkadot Delivers on Interoperability and Near Protocol’s Scalability is Talk of the Town

Explore the best coins to buy in December 2024—Qubetics with its thrilling presale, Polkadot’s interoperability,…

11 hours ago

Crypto Market Outlook 2025 Key Factors to Watch

The Crypto Market Outlook 2025 highlights key areas: stablecoin growth, tokenization, crypto ETFs, DeFi innovation,…

13 hours ago

Bitcoin Quantum Computing Threat Expected to Take Decades

The Bitcoin quantum computing threat is years away, but reserves already support post-quantum signatures via…

14 hours ago

This website uses cookies.