LayerZero: Enhancing Blockchain Interoperability

May 19, 2022, 1:38PM EDT

• 10 min read

Track live crypto price of 10000+ coins!

Quick Take

  • Layer 0s have typically been used to scale existing Layer 1 blockchains
  • LayerZero, a cross-chain interoperability protocol, has an L0 architecture as well, hence its name
  • Given the recent rise of L0s, a formal definition of them has yet to be established across the industry, resulting in slightly varied definitions across various contexts
  • LayerZero has built a series of cross-chain endpoints that essentially allows it to function as a messaging fabric under the existing L1s
  • The definition of L0s is likely to still be refined slightly over time, though the utility it currently provides and will eventually provide is definitely going to be an integral part of the crypto landscape
Related:  Italian government will provide $46 million in subsidies for blockchain projects

Join The Block Research for exclusive research like this

Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and markets. Together with additional services, we help organizations understand what’s happening in the rapidly developing digital asset ecosystem.

Already a Research Member? Login Here

Download MAXBIT Android App, Your best source of all crypto news!

Google Play

Source link

Share this article: