Moonbeam Expands Cross-Chain Capabilities With LayerZero
Moonbeam Expands Cross-Chain Capabilities with New LayerZero Deployment
Moonbeam has extended its interoperability capabilities through the addition of LayerZero. With LayerZero, developers building connected contracts have an even wider array of secure messaging features at their disposal, making it easier to design applications that can tap into functionality across many remote blockchains. Developers on Moonbeam can use LayerZero’s messaging standard — in addition to Axelar, Polkadot’s XCM, and other protocols — to build the next generation of applications without the constraints of solo chain development, capable of resolving today’s fragmented user experience, liquidity, and data.
The LayerZero emerged late last year as a major omnichain interoperability protocol with support from Silicon Valley firms like Andreessen Horowitz and Sequoia Capital. Designed for lightweight message passing across chains. The LayerZero aims to provide authentic and guaranteed message delivery with configurable trustlessness via a low-level communication primitive. A diverse set of cross-chain applications can be built.
Using this primitive, developers can implement inter-chain applications like a cross-chain DEX or multi-chain yield aggregator without having to rely on a trusted custodian or intermediate transactions. LayerZero currently supports cross-chain messaging between Ethereum, BNB Chain, Avalanche, Polygon, Arbitrum, Optimism, and Fantom.
About LayerZero
LayerZero a User Application (UA) configurable on-chain endpoint that runs a ULN. LayerZero relies on two parties to transfer messages between on-chain endpoints: the Oracle and the Relayer. When a UA sends a message from chain A to chain B, the message is route through the endpoint on chain A.
About the Moonbeam Network
Moonbeam an Ethereum-compatible smart contract platform on the Polkadot network that makes it easy to build natively interoperable applications. This Ethereum compatibility allows developers to deploy existing Solidity smart contracts and the DApp frontends to Moonbeam with minimal changes.
