The show has mentioned a "matter stream" being involved in getting you from point A to point B.
I believe Christopher was using wormhole as a metaphor, your substance (regardless of it's exact form) is being sent though some kind of conduit to it's destination. Unlike Stargate's rings, the transporter isn't apparently moving you through normal space, there certainly isn't a visual energy beam briefly connecting the ship with the destination.

I believe Christopher was using wormhole as a metaphor, your substance (regardless of it's exact form) is being sent though some kind of conduit to it's destination. Unlike Stargate's rings, the transporter isn't apparently moving you through normal space, there certainly isn't a visual energy beam briefly connecting the ship with the destination.
