Wormhole Queries: Revolutionizing On-Chain Data Access for Multichain Applications

Wormhole Queries: Revolutionizing On-Chain Data Access for Multichain Applications

Accessing On-Chain Data with Wormhole Queries

Accessing on-chain data is crucial, especially for multichain applications. Historically, this process has been both costly and slow, primarily due to the necessity of on-chain transactions, high gas costs, and the underlying blockchain’s time to finality. According to Wormhole, their new service, Wormhole Queries, aims to alter this dynamic by allowing anyone to pull any on-chain data on-demand, thus streamlining development and significantly enhancing application performance.

What is Wormhole Queries?

Wormhole Queries offers instant access to data across various blockchains, drastically reducing latency and costs for verifiable cross-chain state calls. This service is designed as a flexible and versatile framework that makes accessing cross-chain data straightforward and efficient. Security is ensured by the Wormhole Guardians, who verify responses, ensuring valid and reliable data access.

Who Uses Wormhole Queries?

Wormhole Queries is tailored for developers aiming to build more performant multichain applications. Its usage spans various sectors, from DeFi protocols such as decentralized exchanges (DEXes) to blockchain-based games. For instance, a perpetual futures DEX could utilize Wormhole Queries to fetch real-time data from multiple chains, enabling it to offer perpetual contracts on tokens with reliable on-chain price feeds. Similarly, multichain games can retrieve player data instantly across chains, providing a seamless user experience.

Why Does Wormhole Queries Matter?

Wormhole Queries significantly enhances the developer and user experience by enabling faster, simpler, and more cost-effective data access. It is reported to be up to 84% cheaper than traditional methods and offers sub-second response times. This efficiency allows for more responsive applications, greatly improving the overall user experience.

How to Get Involved with Wormhole

The Wormhole ecosystem is a vibrant, fast-growing community of builders and users shaping the future of Web3. Interested parties can join the Wormhole Discord to engage with the community. Additionally, for those wanting to delve deeper into interoperability and Wormhole’s technology, extensive documentation is available here.

About Wormhole

Wormhole is a leading interoperability platform that powers multichain applications and bridges at scale. It provides developers access to liquidity and users on over 30 of the leading blockchain networks, enabling diverse use cases across DeFi, NFTs, governance, and more. Trusted by notable teams like Circle and Uniswap, Wormhole has facilitated over $40 billion in transfers through more than 1 billion cross-chain messages to date.

Image source: Shutterstock

. . .


Source link

Related Articles

Do you run a company that want to build a new website and are looking for a web agency in Sweden that can do the job? At Partna you can get connected to experienced web agencies that are interested in helping you with your website development. Partna is an online service where you simply post your web development needs in order to get business offers from skilled web agencies in Sweden. Instead of reaching out to hundreds of agencies by yourself, let up to 5 web agencies come to you via Partna.
Back to top button