Fat Pig Signals logo

LayerZero Chain: An Omnichain Interoperability Protocol


LayerZero Chain: An Omnichain Interoperability Protocol

LayerZero Chain is an omnichain interoperability protocol that enables the realization of cross-chain applications with low-level communication primitives. It provides a seamless and secure way to transfer messages and assets between different blockchain networks.

Core Features of LayerZero Chain

LayerZero Chain offers several core features that make it a powerful solution for cross-chain interoperability:

  • Relayer: LayerZero Chain utilizes a relayer system to transfer messages between on-chain endpoints. The relayer submits transaction proofs, which are then validated on the destination chain.
  • Oracle: LayerZero Chain leverages established oracles like Chainlink and Band to provide additional security. The oracles forward block headers to the endpoint on the destination chain.
  • Ultra Light Node (ULN): The ULN is a cost-effective alternative to on-chain light nodes. It performs the same validation as an on-chain light node but streams block headers on demand.

Supported Chain IDs

LayerZero Chain supports a wide range of chain IDs, including:

  • Ethereum (chainId: 101)
  • BNB Chain (chainId: 102)
  • Avalanche (chainId: 106)
  • Aptos (chainId: 108)
  • Polygon (chainId: 109)
  • Arbitrum (chainId: 110)
  • Optimism (chainId: 111)
  • Fantom (chainId: 112)
  • DFK (chainId: 115)
  • Harmony (chainId: 116)
  • Dexalot (chainId: 118)
  • Celo (chainId: 125)
  • Moonbeam (chainId: 126)
  • Fuse (chainId: 138)
  • Gnosis (chainId: 145)
  • Klaytn (chainId: 150)
  • Metis (chainId: 151)
  • And more...

Use Cases of LayerZero Chain

LayerZero Chain has various use cases in the blockchain ecosystem:

  • State Sharing: LayerZero Chain allows different instances of decentralized applications (DApps) running on different chains to sync their states. For example, SushiSwap can sync its state with its main Ethereum instance.
  • Bridging: LayerZero Chain enables the seamless transfer of assets between different chains. It eliminates the need for multiple bridges and provides unified liquidity across all connected chains.
  • Lending and Borrowing: With LayerZero Chain, users can collateralize assets on one chain and borrow on another chain without the need for multiple bridging and swapping fees.
  • Swaps: LayerZero Chain allows for cross-chain swaps from one asset to another without modifying existing code. Users can easily swap assets between different chains in a single transaction.
  • Governance: LayerZero Chain enables decentralized governance across multiple chains, allowing users to participate in decision-making processes.

LayerZero Chain is revolutionizing cross-chain interoperability by providing a secure and efficient solution for connecting different blockchain networks. With its low-level communication primitives and wide range of supported chain IDs, LayerZero Chain opens up new possibilities for the development of cross-chain applications.

Join the omnichain revolution and explore the potential of LayerZero Chain for your blockchain projects.


Related Articles

AAVE Now Listed by Robinhood

According to an announcement on the Robinhood Twitter handle, DeFi token AAVE has been listed by the stock brokerage giant. A cryptocurrency listing bot indicates the listing of AAVE, which was done alongside that of Tezos (XTZ). Both coins now show up on the official Robinhood website. AAVE is the native asset of Aave, a decentralized […]

Utoday: Celsius Has $1.2 Billion Hole in Balance Sheet

Utoday: Embattled cryptocurrency lender Celsius recently filed for bankruptcy protection Celsius CEO Alex Mashinsky has admitted that the company had a $1.2 billion hole in its balance sheet gap, according to the company’s bankruptcy documents. It was previously rumored that the huge balance sheet hole was the reason why cryptocurrency exchange FTX passed on the […]

Almost $6 B Lost by Cryptocurrency Investment Funds Like 3AC, Celsius and Others

Cryptocurrency investment funds lost almost $6 billion worth of Bitcoin following the massive liquidation series on the cryptocurrency market back in the May-June period. The biggest loser on the market is, as expected, the Luna Foundation Guard. The largest portion of the coins that were lost is tied to the series of large liquidations that appeared […]
PHISHING WARNING: Please make sure you’re visiting https://www.fatpigsignals.com. There has been an increasing amount of scammers and Impersonators. Please verify the handles carefully as well. Admins will never contact you selling investment products or a fund.
Official Admin Contacts: https://t.me/dad10 and https://t.me/gangplank123