LayerZero Unveils V2 Upgrade to Boost Cross-Chain Applications
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LayerZero is a protocol enabling interoperability between blockchains, allowing developers to build unified applications across chains. V2 improves security, flexibility and throughput.
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The modular architecture separates verification and execution roles. Applications can configure security stacks with diverse decentralized verifier networks (DVNs).
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LayerZero offers unified token (OFT) and application (OApp) standards that work identically across chains, solving fragmentation.
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Bridges and liquidity networks can integrate as DVNs and messaging layers respectively on LayerZero's permissionless infrastructure.
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Ultimately LayerZero aims to be the networking protocol to connect blockchains, like TCP/IP connected computers, enabling frictionless interoperation between decentralized ecosystems.