- Bitlayer companions with LayerZero to allow seamless cross-chain dApp communication.
- LayerZero's protocol eliminates cross-chain transaction charges and improves person expertise.
- defi.cash integrates LayerZero for safe omnichain stablecoin transfers.
Bitlayer has collaborated with LayerZero Labs to enhance cross-chain interoperability inside its ecosystem.
This partnership makes use of LayerZero's open supply immutable messaging protocol. It will allow Bitlayer tasks to create dApps that talk seamlessly throughout over 90 blockchain networks. Moreover, this integration will allow builders to bridge funds throughout the 300+ decentralized functions working inside Bitlayer's ecosystem.
LayerZero's protocol eliminates transaction charges
LayerZero's messaging protocol eliminates transaction charges related to cross-chain interactions and simplifies the bridging course of between completely different blockchain platforms. The distinctive design of this protocol offers Bitlayer builders extra management over the safety of their functions, permitting them to ship arbitrary messages throughout the chain with out compromising the safety framework.
By integrating LayerZero, Bitlayer additional extends its full compatibility with the ecosystem's Ethereum Digital Machine (EVM), enabling builders to design and deploy functions that seamlessly talk and performance throughout a number of blockchains. facilitate.
Associated article: LayerZero redistributes unclaimed ZRO tokens and rewards lively customers
LayerZero shortly grew to become important for cross-chain connectivity and emerged because the main decentralized messaging and communication answer. As of Q2 2024, LayerZero has processed over 137 million messages throughout 90 completely different blockchain networks.
The protocol has supported over $5 billion in crypto asset transfers with over 200 decentralized functions utilizing its messaging system for cross-chain interactions.
Defi.cash adopts LayerZero for enhanced performance
Along with partnering with Bitlayer, LayerZero has additionally built-in with DeFi protocol defi.cash. This integration allows defi.cash’s native stablecoin MONEY to operate as an Omnichain Fungible Token (OFT), enabling cross-chain liquidity and seamless token transfers throughout supported networks .
OFT requirements enable customers to ship, obtain, and deploy belongings throughout blockchains, making a native omnichain setting for defi.cash.
The defi.cash crew famous that LayerZero's safe messaging protocol is vital for defi.cash to take care of full management of its MONEY contracts and eradicate third-party danger.
Disclaimer: The knowledge contained on this article is for informational and academic functions solely. This text doesn’t represent monetary recommendation or recommendation of any variety. Coin Version just isn’t chargeable for any losses incurred because of using the content material, merchandise, or providers talked about. We encourage our readers to conduct due diligence earlier than taking any motion associated to our firm.
