Ethereum

LayerZero

Ethereum Name Service

Domain

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/delegate-launches-clusters-protocol-in-collaboration-with-layerzero/" data-wpel-link="internal">Delegate Launches Clusters Protocol in Collaboration with LayerZero</a> 
Ethereum infrastructure project Delegate announced today that it will launch a blockchain-based protocol called Clusters in collaboration with LayerZero. Domain name services match complex blockchain addresses with user-readable names, providing an essential service. Ethereum Name Service is the most preferred protocol among these. ENS, while allowing the registration of other blockchain addresses through an integration with oracle provider Chainlink, continues to store data within the Ethereum ecosystem. 
<h2 class="p1" style="text-align: justify" id="significant-step-from-the-delegate-team">Significant Step from the Delegate Team</h2> 
According to a post shared on X, Delegate aims to bring this type of registry natively to multiple blockchain networks including Ethereum, Solana, other EVM-based blockchain networks, and later the <a href="https://en.coin-turk.com/us-stock-markets-continue-to-rise-amid-economic-growth-and-inflation-slowdown-hopes/" data-wpel-link="internal">Bitcoin</a> ecosystem. LayerZero stated in a Medium post: 
<blockquote> 
 “Clusters; will serve as a cross-chain, multi-wallet naming protocol that addresses issues such as address fragmentation, wallet management complexity, and domain occupation. It will act as a unified identity layer, enabling users to maintain a consistent identity across multiple chains, very similar to what ENS does but natively for many chains.” 
</blockquote> 
In the post, LayerZero explained that this service will facilitate user interaction with decentralized applications and protocols across multiple blockchain networks. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-309939 size-full" src="https://coin-turk.com/wp-content/uploads/2024/02/layerzero.png" alt="" width="1076" height="556"> 
<h2 class="p1" style="text-align: justify" id="noteworthy-details-about-delegate">Noteworthy Details About Delegate</h2> 
LayerZero will be the main <a href="https://newslinker.co/category/technology/" data-wpel-link="exclude">technology</a> company behind the service. The protocol is designed to allow messages to be routed across blockchain networks; these messages can be used for value transfer or simply for sharing information. The post included the following statement: 
<blockquote> 
 “LayerZero will be used as a messaging layer to carry actions and state changes across chains, helping Clusters maintain accuracy among millions of names and billions of wallet addresses.” 
</blockquote> 
Previously known as Delegate Cash, Delegate already has experience in managing blockchain addresses. Its main protocol is used for crypto wallet owners to delegate their rights or responsibilities from one wallet to another. For example, a Bored Ape owner can delegate the ownership of this NFT to a controlled empty wallet and use the empty wallet to log into the Bored Ape Discord server. If this wallet is compromised, the NFTs remain safe. 
According to the website, Delegate’s technology is used to secure assets worth $993 million in 182,500 wallets. Although the service only works for projects integrated with Delegate, many top-tier NFT projects, including Yuga Labs, owner of CryptoPunks and Bored Ape Yacht Club, as well as Azuki and NFT marketplace OpenSea, benefit from this service. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/delegate-launches-clusters-protocol-in-collaboration-with-layerzero/" data-wpel-link="internal">Delegate Launches Clusters Protocol in Collaboration with LayerZero</a></h5>

Delegate Launches Clusters Protocol in Collaboration with LayerZero

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