LayerZero (ZRO) is an interoperability protocol designed to connect multiple blockchains. This protocol allows different blockchains to communicate and share information seamlessly. It aims to facilitate cross-chain operations such as swaps, transfers, and decentralized applications (dApps).
LayerZero uses a unique system involving smart contracts called LayerZero Endpoints. These endpoints are deployed on each supported blockchain to enable communication between them. The protocol relies on two main components: the Oracle and the Relayer. These components verify and relay messages between blockchains, ensuring secure and efficient cross-chain transactions.
LayerZero simplifies the process of building applications that work across multiple blockchains. This makes it easier for developers to create omnichain applications, tokens, and experiences without needing to write separate code for each blockchain.
Its technology supports various use cases, including cross-chain asset bridging and swaps. By using a unified liquidity pool, LayerZero ensures efficient and secure asset transfers across different blockchains.
