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XRP to be included in Bitwise’s first-ever $259 million tokenized fund, CEO speaks out

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XRP to be included in Bitwise’s first-ever $259 million tokenized fund, CEO speaks out

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Home»Web 3»Question: Which Blockchain is the best? A: Who cares if you have bridges
Web 3

Question: Which Blockchain is the best? A: Who cares if you have bridges

2024-02-22No Comments2 Mins Read
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TL; DR

Full story

Wormhole is working with Advanced Micro Devices (AMD) to enable zk-proof ‘corridors’ that then enable cross-chain messaging.

Cool. What does that mean?

Let’s break down the who, what, how and why of it all – starting with who:

AMD makes computer chips and Wormhole is a blockchain ‘bridge’, meaning it facilitates the transfer of tokens between opposing blockchains (e.g. Ethereum to Solana).

Neat – what are these two working on together?

Well, Wormhole connects more than 30 different blockchains. That’s big! And with that weight comes the need for a whole lot of computing power.

Good news is that Wormhole has created a ‘light client’, which…

Man, how are we supposed to explain this?

Think of ‘Wormhole and Wormhole Light’ like ‘Coke and Diet Coke’, except instead of caloriesit wants to reduce computational requirements.

But even with Wormhole’s ‘light client’ there are still some extras Oomf is needed – and that’s where AMD’s ‘FPGA’ chips come into play.

Cool, cool…Diet Coke and computer chips, or whatever – what do I care?

You know how everyone always argues about which blockchain is better?

(Bitcoin vs. Ethereum vs. Solana vs. Cardano, etc. – that’s how it is incessantly!)

Well, blockchain bridges like Wormhole silence a lot of that bickering.

Because when all the major blockchains work together seamlessly, they stop competing in many ways.

And this partnership brings us one step closer to that peaceful reality!

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See also  SAB Chainlink Deal brings blockchain to Saudi Banking
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XRP to be included in Bitwise’s first-ever $259 million tokenized fund, CEO speaks out

XRP to be included in Bitwise’s first-ever $259 million tokenized fund, CEO speaks out

XRP to be included in Bitwise’s first-ever $259 million tokenized fund, CEO speaks out

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