CDS Collaboration Moonbeam Integrates Layer Zero
Collaboration

Moonbeam Integrates Layer Zero

518
Moonbeam Integrates Layer Zero
Moonbeam Integrates Layer Zero

Moonbeam has announced that it has integrated a new protocol, Layer Zero, to strengthen the interoperability of Palkadot parachains.

About Integration

Moonbeam enables cross-chain communication of smart contracts through Layer Zero’s contracts protocol. In addition, this increases the possibility of creating multi-chain dApps. With Layer Zero’s connected contracts solution, developers and users can create dApps that can leverage the Ethereum, Polkadot, Avalanche, and Swimmer networks while facilitating cross-chain messaging. Layer Zero’s linked contracts protocol has been taken to the testing stage on the Moonbeam platform as a demo.

Intro to Layer Zero

Layer Zero is a cross-chain messaging protocol that securely configures cross-chain communication. Ultra-light nodes in the form of smart contracts communicate with oracle and a relayer. Developers can choose from many oracle markets, including chainlink, to design applications so that the oracle component requires agreement on multiple assets. Layer Zero’s smart contract example will only be about NonblockingLzApp. You can check out the image below to see how the smart contract works.

Layerzero
LayerZero

About Moonbeam

Moonbeam aims to facilitate the work of developers who want to connect to Palkadot by combining Ethereum compatibility with the power of Polkadot, including scalability, cross-chain integrations, and on-chain governance. The platform currently has more than 100 projects, integrations and collaborations.

About Layer Zero

Layer Zero is a multi-chain interoperability protocol that allows dApps to be created securely on multiple blockchains. It transmits messages with the structure of Ultra Light Nodes.

SOURCE

Written by
oguz

The author is a political science and public administration student at Kocaeli University. He is also studying Management Information Systems at Anadolu University. He met Blockchain technology and Cryptocurrencies for the first time in 2019. Interested in cryptocurrencies for over 2 years. In addition he provides E-commerce and social media marketing services.

Leave a comment

Leave a Reply

Related Articles

Legion Partners with Bluprynt to Simplify MiCA Compliance for Crypto Projects

Legion has partnered with Bluprynt to offer a compliance solution for EU...

TRON and Chainlink: A New Era for Blockchain Data Solutions

TRON DAO partners with Chainlink, adopting its Data Feeds as the official...

Tron and Chainlink: A New Era for Decentralized Finance

Tron is switching to Chainlink for oracle services to enhance its DeFi...

Solana Integrates Chainlink to Boost Developer Engagement; Analysts Project 2025 Surge for Polkadot and IntelMarkets

The cryptocurrency sector is seeing significant collaborations, including a notable integration between...