LayerZero | ZRO
Updated
LayerZero is an omnichain interoperability protocol designed for lightweight message passing across chains. Layer0 provides authentic and guaranteed message delivery with configurable trustlessness.
LayerZero’s key feature is Ultra Light Nodes. These smart contracts run on each blockchain and act as endpoints for cross-chain communication. ULNs verify the validity of transactions and messages from other chains using block headers and transaction proofs, ensuring security and efficiency.
Layer0 supports any blockchain that can run smart contracts, such as Ethereum, BNB Chain, Avalanche, Polygon, Arbitrum, Optimism, Fantom and other chains. LayerZero also supports non-EVM chains like Aptos.omnichain applications should become a key layer of a multi-chain future, where different blockchains interact simultaneously.
but whats special about Layer0?
Ultra Light Nodes aka ULNs: LayerZero uses on-chain ULNs, which are smart contracts that run on each blockchain and act as endpoints for cross-chain communication. ULNs verify the validity of transactions and messages from other chains using block headers and transaction proofs, ensuring security and efficiency.
Generic Messaging: LayerZero enables any type of cross-chain communication, not just asset transfers. LayerZero can support any kind of payload, such as function calls, data exchange, governance votes, NFT transfers and others. This allows developers to create omnichain applications that can leverage the features and advantages of multiple blockchains simultaneously.
State Sharing: LayerZero allows applications to share state across chains, meaning that they can synchronize their data and logic without relying on centralized servers or databases. This enables applications to operate as a single entity across multiple chains, creating a seamless user experience and reducing complexity.
Instant Finality: LayerZero guarantees instant finality for cross-chain transactions, meaning that they are confirmed as soon as they are included in a block on the source chain. This eliminates the need for waiting periods or confirmations on the destination chain, improving speed and usability.
LayerZero Labs, the company behind Layer0 protocol, was co-founded by Bryan Pellegrino, Ryan Zarick, and Caleb Banister in 2021.
Bryan Pellegrino is the CEO of Layer0 Labs. He has a PhD in Computer Science from Carnegie Mellon University, where he focused on game theory and artificial intelligence.Ryan Zarick is the CTO of LayerZero Labs. He is a former software engineer at Google and a co-founder of Predictive AI, a machine learning startup that was acquired by Facebook in 2019.
Caleb Banister is the Principal Engineer of Layer0 Labs. He is a former software engineer at Facebook and a co-founder of Predictive AI and has a BS in Computer Science from Carnegie Mellon University, where he also focused on game theory and artificial intelligence.
Layer0 has also attracted some of the most prominent investors in the crypto space, such as a16z, Sequoia, Paypal Ventures, Polygon, Coinbase Ventures, Binance Labs, DeFiance Capital, Spartan Group, Sino Global Capital, Multicoin Capital and more. The company raised $135 million in a Series B round in March 2022 and another Series B of $120 million in April 2023.
Trident3 has recently integrated the P2P digital identity solution T3id with Layer0. This collaboration will let users quickly identify themselves across over 70 blockchains connected through LayerZero’s infrastructure.
The trading volume of ZRO is 300 million dollar in the last 24 hours, representing a 30% increase from one day ago and signalling a recent rise in market activity which is bullish
ZRO listed in middle of btc correction and the price effected by it now the correction is almost over ZRO bulls hold the line and ready for higher levels. Coinbase going to list ZRO as well
LayerZero’s key feature is Ultra Light Nodes. These smart contracts run on each blockchain and act as endpoints for cross-chain communication. ULNs verify the validity of transactions and messages from other chains using block headers and transaction proofs, ensuring security and efficiency.
Layer0 supports any blockchain that can run smart contracts, such as Ethereum, BNB Chain, Avalanche, Polygon, Arbitrum, Optimism, Fantom and other chains. LayerZero also supports non-EVM chains like Aptos.omnichain applications should become a key layer of a multi-chain future, where different blockchains interact simultaneously.
but whats special about Layer0?
Ultra Light Nodes aka ULNs: LayerZero uses on-chain ULNs, which are smart contracts that run on each blockchain and act as endpoints for cross-chain communication. ULNs verify the validity of transactions and messages from other chains using block headers and transaction proofs, ensuring security and efficiency.
Generic Messaging: LayerZero enables any type of cross-chain communication, not just asset transfers. LayerZero can support any kind of payload, such as function calls, data exchange, governance votes, NFT transfers and others. This allows developers to create omnichain applications that can leverage the features and advantages of multiple blockchains simultaneously.
State Sharing: LayerZero allows applications to share state across chains, meaning that they can synchronize their data and logic without relying on centralized servers or databases. This enables applications to operate as a single entity across multiple chains, creating a seamless user experience and reducing complexity.
Instant Finality: LayerZero guarantees instant finality for cross-chain transactions, meaning that they are confirmed as soon as they are included in a block on the source chain. This eliminates the need for waiting periods or confirmations on the destination chain, improving speed and usability.
LayerZero Labs, the company behind Layer0 protocol, was co-founded by Bryan Pellegrino, Ryan Zarick, and Caleb Banister in 2021.
Bryan Pellegrino is the CEO of Layer0 Labs. He has a PhD in Computer Science from Carnegie Mellon University, where he focused on game theory and artificial intelligence.Ryan Zarick is the CTO of LayerZero Labs. He is a former software engineer at Google and a co-founder of Predictive AI, a machine learning startup that was acquired by Facebook in 2019.
Caleb Banister is the Principal Engineer of Layer0 Labs. He is a former software engineer at Facebook and a co-founder of Predictive AI and has a BS in Computer Science from Carnegie Mellon University, where he also focused on game theory and artificial intelligence.
Layer0 has also attracted some of the most prominent investors in the crypto space, such as a16z, Sequoia, Paypal Ventures, Polygon, Coinbase Ventures, Binance Labs, DeFiance Capital, Spartan Group, Sino Global Capital, Multicoin Capital and more. The company raised $135 million in a Series B round in March 2022 and another Series B of $120 million in April 2023.
Trident3 has recently integrated the P2P digital identity solution T3id with Layer0. This collaboration will let users quickly identify themselves across over 70 blockchains connected through LayerZero’s infrastructure.
The trading volume of ZRO is 300 million dollar in the last 24 hours, representing a 30% increase from one day ago and signalling a recent rise in market activity which is bullish
ZRO listed in middle of btc correction and the price effected by it now the correction is almost over ZRO bulls hold the line and ready for higher levels. Coinbase going to list ZRO as well
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Note
Vitalik Buterin recently shared an optimistic outlook on interoperability projects. This ties into improving user experience, and ZRO is seen as a first mover in this sectorTrade active
still solid and strong
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LayerZero Foundation is launching lzCatalyst, a program dedicated to connecting the best builders with the best venture capital firms in crypto.
As lzCatalyst launch partners, a16z Crypto, Animoca Brands, Atrum, Delphi Ventures, Faction, Franklin Templeton, King River, Lightspeed, PayPal Ventures, and Spartan have the option to invest up to 300M to support the development of novel omnichain applications built on LayerZero.
The lzCatalyst initiative is designed to empower developers with access to significant capital and resources. Participating funds are incentivized to directly invest up to $300 million into projects integrating LayerZero, but will independently maintain their respective diligence and investment processes. Projects that receive meaningful investment from one partner fund or participation from 2+ partner funds in a given round will be eligible to receive additional strategic capital investment directly from the LayerZero Foundation.
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LayerZero launches cross chain protocol on unichain
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