Acala’s EVM+ Launches Advanced Cross-Chain Interoperability Protocol – Wormhole BridgeThe protocol offers users the ability to access cross-chain interoperability, allowing Acala customers to access millions of liquidity and participate in asset onboarding easily from Layer 1 networks such as Ethereum, BNB Chain, Polygon and Solana.
Wormhole is a generic protocol for message passing which can be connected to multiple chains. This is achieved via messages broadcasted from a chain and authenticated by a community of guardians. Upon authentication, the message is sent to the destination chain for processing.
The cross-chain features of Wormhole can be activated with a simplified message passing primitive. In this way, users can attach assets to the same case across different networks or access their data which provides them with services on their current chain.
In addition to the Wormhole, there are two functions in the messaging protocol that assist in pooling liquidity for assets. Wormhole messages can contain arbitrary information, which requires developers to build functions using the Wormhole. This includes actions which are related to asset transfers, oracle data, governance decisions and NFTs, among many other things.
Wormhole is a lightweight and high-performance process, with an emphasis on Wormhole’s peer-to-peer network. It is also fully scalable and extensible, allowing for the integration of new chains, a transparent governance process, and not limiting features that can be performed elsewhere in the network.
Acala is a utility chain powering Web3’s finance and with Polkadot providing bank-level security, Acala’s customised finance blockchain offers a full range of financial products for users, developers or institutions. Developers have the choice of building Solidity-based functions on Acala’s EVM+.
Currently, two options are available to the top of Wormhole which will be extremely beneficial to Acala dApp developers. One is a bridge token which allows users to link assets within the context of supported chains. The other is an NFT-bridge that enables ERC721 (Ethereum) and NFT (Solana) to travel between chains. With Acala, developers can take advantage of Wormhole’s convergence abstraction, speed and scalability features.
Acala EVM+ provides a development environment similar to Ethereum, but with the added benefit of full customisation for DeFi users. They can also gain more speed, customisation, and lift from the Polkadot SDK. Now, with the addition of Wormhole, it will be possible for any dApp built on Acala or any other parachain that is connected to Acala to be included in Wormhole assets.
In general, Wormhole is a generic message-passing protocol which links to different chains, such as Acala, Solana, Terra Classic, Polygon and many others. Whereas, Acala is a utility chain driving the finance at Web3.
