Ethereum

2024

LayerZero

when

Flare

Flare (FLR), the blockchain specializing in decentralized data supply, has announced its successful integration with LayerZero, a cross-chain messaging protocol.&nbsp;
With this integration, Flare has gained access to over 70 blockchain networks such as Ethereum and Solana, thereby significantly enhancing its reach.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 LayerZero V2, a secure cross-chain messaging protocol, is connecting <a href="https://twitter.com/FlareNetworks?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@FlareNetworks</a> to 50,000+ dapps across 75 leading L1s and L2s, including Ethereum, Solana, Arbitrum, and more. Furthermore <a href="https://twitter.com/hashtag/LayerZero?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#LayerZero</a> provides a pathway for any chain to integrate Flare's secure and…— Flare ☀️ (@FlareNetworks) <a href="https://twitter.com/FlareNetworks/status/1808544812020199770?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 3, 2024</a>
 </blockquote>
 </div>
</figure>
Additionally, the integration offers new possibilities for Flare’s ecosystem as more than 50,000 decentralized applications (dApps) already supporting Flare can now extend their functionalities across multiple chains.&nbsp;
Moreover, any blockchain can include Flare’s decentralized data services thereby increasing interoperability across the cryptocurrency landscape.
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 This integration is incredibly valuable for all users and builders on Flare. LayerZero V2’s deployment will accelerate Flare’s expansion, enabling developers to create innovative interoperable products. <cite>said Hugo Philion, Flare’s co-founder when commenting on the integration</cite>
</blockquote>
This collaboration opens avenues for cross-chain applications, including multi-chain money markets and blockchain-agnostic NFTs.&nbsp;
Notably, Flare’s potential role as a secure Decentralized Validation Node (DVN) on LayerZero V2 could further strengthen the protocol’s security infrastructure.
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 Also Read: <a href="https://www.cryptotimes.io/2024/06/30/blockchain-and-ai-are-key-to-fighting-financial-crime-nigeria/" rel="noopener noreferrer nofollow">Blockchain and AI are key to Fighting Financial Crime in Africa: Nigeria Official</a>
</blockquote>

Flare Network Integrates with LayerZero, Connecting to 70+ Blockchains

The Crypto Times

Другие статьи, опубликованные 3 июл. 2024 г.

South Africa’s Crypto Industry Grows as 63 Firms Receive Licenses

Optimism unlocks over 31 million OP tokens worth over $54 million

Toncoin outshines top 50 tokens with over 40% rise in Q2 2024

Change Your Life for Good With These Two Tokens Shiba Inu & Mpeppe (MPEPE)

Bitcoin Falls Due to Whale Actions

Crypto Miner Genesis Digital Assets Explores Public Listing in the U.S.

Join our free newsletter for daily crypto updates!