LayerZero is an omnichain messaging protocol designed to connect different blockchain networks, allowing them to communicate with each other (interoperability).
Read our full beginner’s guide to LayerZero here.
To understand LayerZero, it’s important to know that we have many blockchain networks, each built differently or on top of the other.
There are Ethereum, Solana, Avalanche, Fantom, Arbitrum, Zksync, SEI, SUI, Optimism, and a host of other layer 1, 2, and 3s and modular networks—too many to mention.
These networks need to communicate, or they risk becoming islands without boats to reach each other (send data or transactions across) or mobile phones to connect.
And that’s not a good thing because it generally fragments the crypto space.
So, how do we solve this? This is where LayerZero comes in.
How does LayerZero work?
LayerZero ensures blockchain networks communicate by creating endpoints on the aforementioned blockchain networks.
The endpoints run on ultra-light nodes and enlist the help of relayers and decentralized oracles to facilitate data and value transfer across two or more networks (similar to giving a few people stranded across multiple islands a walkie-talkie while providing the network connectivity to make them communicate effectively).
Why is LayerZero important?
With LayerZero, users can transact between blockchains seamlessly, moving value: liquidity, assets, and information across.
Layezero also eliminates the security risks associated with multi-chain bridges, making chain-to-chain communication safer.
Who is behind LayerZero?
The LayerZero team is led by co-founders Bryan Pellegrino and Ryan Zarick, who also functions as chief technical officer (CTO).
The protocol is run by the LayerZero foundation and governed through the $ZRO token.
Where can I buy the LayerZero token $ZRO ?
The LayerZero token can be bought on many centralized exchanges, such as Binance, Coinbase, and Bybit.
Users can also purchase the $ZRO token on decentralized exchanges like Uniswap by copying the right contract address and making a swap.
Read our full beginner’s guide to LayerZero here.
