Token

2024

Wormhole

Secure

<p>Wormhole, a leading interoperability platform, is expanding its multichain ecosystem by integrating with Karak Network’s K2 blockchain, an L2 built on the OP Stack. This integration allows Karak to access liquidity and users from over 30 leading blockchain ecosystems. It will enhance its vision of universal security. Karak is thrilled to incorporate Wormhole as its first Distributed Secure Service (DSS).</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
   <p lang="en" dir="ltr">Wormhole 🤝 Karak<br><br>Wormhole is expanding its multichain ecosystem with <a href="https://twitter.com/Karak_Network?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@Karak_Network</a>’s K2 blockchain, an L2 built on the OP Stack. This integration provides Karak access to liquidity and users across over 30 of the leading blockchain ecosystems. <a href="https://t.co/9L4HTn23NC" target="_blank">pic.twitter.com/9L4HTn23NC</a></p>— Wormhole (@wormhole) <a href="https://twitter.com/wormhole/status/1805829608493006963?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">June 26, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<h2 class="wp-block-heading" id="karak-leverages-wormhole-for-secure-cross-chain-transfers">Karak Leverages Wormhole for Secure Cross-Chain Transfers</h2> 
<p>The compatibility with Wormhole enables the safe and seamless messaging, tokens, and data swaps across the <a href="https://blockchainreporter.net/price-prediction/ethereum-price-prediction/" data-type="post" data-id="66941">Ethereum</a>, <a href="https://blockchainreporter.net/price-prediction/solana-price-prediction/">Solana</a>, Sui, and Injective chains. Accordingly, Karak plans to capitalize on Wormhole to bring about strong and secure trust networks from inception. This also makes the process less expensive and more convenient for new protocols.<br><br>Karak serves three primary groups including Stakers, Operators, and Developers. For Stakers, Karak gives them an opportunity to offer cryptoeconomic security with any asset and get the extra rewards which are network fees aside from the utilization of their natively stored assets. This approach increases the benefits that users gain from participating in the Staker project and encourages its participation.</p> 
<h2 class="wp-block-heading" id="partners-to-advance-secure-blockchain-solutions">Partners to Advance Secure Blockchain Solutions</h2> 
<p>Wormhole is developing two key Distributed Secure Services (DSS) on <a href="https://karak.network/ecosystem" target="_blank" rel="noopener">Karak</a>. These are known as the Decentralized Validator Network for Wormhole Native Token Transfers (NTT) and the Decentralized Relay Network. A DSS is a distributed software service developed on Karak and relying on restaking of assets to offer further economic buffer and capacity to service within the Karak ecosystem. DSS offers simple building blocks. These are highly flexible and can be tailored to construct various forms of applications.<br><br>This strategic integration makes more possible Karak’s vision of security for everyone. These features enable Wormhole to impact the future architecture of Karak by providing developers with new solutions.</p>

Wormhole Expands Multichain Ecosystem with Karak Network Integration

Table of Contents

BlockchainReporter

Other articles published on Jun 26, 2024

Bitcoin Recovery In Sight? Analyst Foresees BTC Revisiting $72,000 Soon

Step Aside Solana and Fantom: MoonBag Presale Set to Astonish in 2024

Injective (INJ) Price Prediction: Analyst Foresees Huge Jump To $380

SEC’s Gary Gensler: Nothing Inconsistent About Crypto Securities and Securities Laws

Top Reasons Why Shiba Inu Coin Price Soaring, Here’s Price Target As Whales Buy

Crypto News: Predictions Of BlockDAG’s $30 Surge By 2030 Amid Ethereum ETF & Aptos Price Volatility

Join our free newsletter for daily crypto updates!