Wormhole launches a Cosmos appchain known as Gateway

• Gateway is a Cosmos-powered appchain.
• It’s designed to permit for entry to unified liquidity within the Cosmos ecosystem.

Decentralized messaging protocol Wormhole has launched its application-specific blockchain dubbed Wormhole Gateway. The appchain is powered by the Cosmos SDK, and goals at broadening entry and liquidity with the blockchain platform’s ecosystem.

Wormhole Basis, which introduced Gateway on Friday, stated the appchain is “suitable and complementary to IBC.”

Wormhole to attach 23 blockchains in Cosmos

In keeping with particulars shared in a weblog submit, Gateway permits Wormhole to attach 23+ blockchains, together with Osmosis, Evmos and Neutron, throughout six runtimes to Cosmos. That is achieved via a liquidity router that permits customers to bridge funds to any appchain throughout the Cosmos ecosystem at no further bridging charges, the protocol famous.

Introducing ✨✨Wormhole Gateway✨✨ – an application-specific blockchain, powered by the @cosmos SDK.

Gateway’s function is to assist broaden entry (and produce liquidity) to the Cosmos ecosystem whereas additionally enhancing Wormhole’s safety and sovereignty. pic.twitter.com/qG1kyvcnoY

— Wormhole🌪 (@wormholecrypto) July 21, 2023

Gateway can be designed to enhance Wormhole’s safety and sovereignty. Safety is essential to the protocol given the impression of a February 2022 hack on the Wormhole bridge that noticed a hacker 120,000 wETH price $325 million. The exploit on the Solana-Ethereum bridge noticed the value of SOL declined sharply amid neighborhood response to the information.

As a part of enhancing safety throughout the Cosmos ecosystem, Wormhole launched Governor, a module designed to restrict cross-chain contagion within the occasion of a hack.

In June, Wormhole launched Automated Relayers, a decentralised community of relayers that permits for cross-chain messaging that builders can faucet into with out having to develop, run or handle an off-chain element. With this builders can deploy a fully-functional cross-chain dApp through a single solidity contract.