JeroenI think that connecting various blockchains, developers and entrepreneurs have a more fertile ground for innovation. As more blockchains emerge with different value propositions, LayerZero's protocol can bridge the gaps and enable communication between these chains, potentially capturing a significant market share.
LayerZero is an omnichain interoperability protocol that seamlessly connects blockchains. It addresses the need for a multi-chain and interoperable blockchain space. By leveraging a messaging protocol and off-chain entities like Oracles and Relayers, LayerZero ensures secure and cost-effective communications. The protocol offers on-chain assurances and a favorable threat model.
Users gain benefits such as asset transfers, enhanced functionality of decentralized applications (DApps), improved user experience, and increased potential for innovation. LayerZero has gained support from Venture Capital firms and angel investors. Show Less
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