UPDATED 09:00 EDT / FEBRUARY 21 2024

BLOCKCHAIN

AMD and Wormhole aim to boost multi-blockchain application performance

Cross-blockchain messaging protocol startup Wormhole today announced a new collaboration with Advanced Micro Devices Inc. that will see the blockchain company make enterprise-grade AMD FPGA hard accelerators available as part of the Wormhole ecosystem.

Wormhole’s technology is used to bridge assets between different blockchains, such as allowing users to move nonfungible tokens between different chains. The company’s platform powers multichain applications and bridges at scale, with support for more than 30 blockchain integrations and security. It claims to have the most messages sent across any interoperability protocol and the highest total value transferred across blockchains.

The collaboration with AMD will see Wormhole offer AMD hardware, including its Alveo U55C and U250 adaptable accelerator cards, to its users. AMD is also lending its hardware acceleration expertise to help deliver speed and scalability to multichain applications being built with Wormhole.

The collaboration is part of a shift by Wormhole to reduce its reliance on centralized node operators in favor of a trustless solution powered by zero-knowledge proofs. ZKPs allow for the verification of information without revealing the information itself, which is crucial for maintaining privacy and security in blockchain transactions.

The AMD FPGA hardware accelerators are designed to significantly enhance computing power and efficiency, which is critical for processing the complex computations required by zero-knowledge proofs. The expertise AMD brings to the table will assist in optimizing the performance of zero-knowledge proofs, ensuring they can operate efficiently at scale.

By integrating AMD’s hardware accelerators and expertise, Wormhole can potentially achieve much higher scalability and speed for its trustless, multichain messaging services.

In the coming months, organizations contributing to the Wormhole platform will begin releasing mainnet deployments of various zero-knowledge light clients, enabling trustless message-passing between blockchains such as Ethereum, Near, Solana, Aptos, Sui and Cosmos. The teams will be benchmarking the performance of these light clients on AMD devices.

Wormhole was last in the news in November when it raised $225 million at a $2.5 billion valuation. Investors in the company include Coinbase Ventures LLC, Multicoin Capital Management LLC, ParaFi Capital LLC, Dialectic Capital Management LP, Borderless Capital LLC, Arrington XRP Capital LLC and Jump Trading LLC.

Image: Wormhole

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