Ethereum

Identity

LayerZero

Ethereum Name Service

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/delegate-and-layerzero-join-forces-to-launch-innovative-clusters-protocol" rel="noopener noreferrer nofollow">Delegate and LayerZero Join Forces to Launch Innovative Clusters Protocol</a><br></p>
<p style="text-align: justify">The Ethereum infrastructure project Delegate has announced the launch of a new blockchain protocol named Clusters, developed in partnership with LayerZero. This protocol aims to simplify blockchain address management by providing user-friendly names, similar to the Ethereum Name Service (ENS), which is the most popular service for matching complex blockchain addresses with readable names. ENS, with the help of Chainlink’s oracle integration, allows for the registration of addresses from various blockchains while keeping the data within the Ethereum network.</p>
<h2 id="clusters-a-unified-identity-layer-across-blockchains">Clusters: A Unified Identity Layer Across Blockchains</h2>
<p style="text-align: justify">Delegate’s vision with Clusters is to create a registry system that is native to multiple blockchains, including Ethereum, <a href="https://en.bitcoinhaber.net/solana-mobiles-new-cryptocurrency-integrated-smartphone-model" rel="noopener noreferrer nofollow">Solana</a>, other EVM-compatible networks, and potentially the Bitcoin ecosystem. Clusters is designed to address the challenges of address fragmentation and wallet management complexity by acting as a cross-chain, multi-wallet naming protocol. It will provide users with a consistent identity across different chains.</p>
<p style="text-align: justify">LayerZero, the technology company behind Clusters, will utilize its messaging layer to facilitate the transfer of messages and state changes across various blockchain networks. This service is expected to enhance user interaction with decentralized applications and protocols, streamlining the experience across different platforms.</p>
<p style="text-align: justify">Delegate, formerly known as Delegate Cash, has a background in managing blockchain addresses. Its primary protocol allows crypto wallet owners to delegate rights or responsibilities between wallets, which enhances security for assets like NFTs. For instance, a Bored Ape NFT owner can delegate ownership to a secondary wallet, reducing the risk if the wallet is compromised.</p>
<p style="text-align: justify">Delegate’s technology is currently securing assets valued at $993 million across 182,500 wallets. Although it only works with Delegate-integrated projects, several high-profile NFT projects and marketplaces, including those owned by Yuga Labs and OpenSea, are already benefiting from its services.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/delegate-and-layerzero-join-forces-to-launch-innovative-clusters-protocol" rel="noopener noreferrer nofollow">Delegate and LayerZero Join Forces to Launch Innovative Clusters Protocol</a></h5>

Delegate and LayerZero Join Forces to Launch Innovative Clusters Protocol

Table of Contents

BH NEWS

Other articles published on Feb 1, 2024

Two Beloved Gaming Universes Collaborate for Crossover Event

Astar Network Prepares for Landmark zkEVM Mainnet Launch and Unveils ‘Yoki Origins’ Campaign

Core Scientific reveals its Bitcoin mining numbers in 2023

Unlocking Tokens: What to Expect in February

WOOFi brings Stargate-powered cross-chain swaps to Mantle from all popular EVM chains

Spanish police say crypto’s complicated following ‘crypto-jihadist’ arrest

Join our free newsletter for daily crypto updates!