The Gelato Network's collaboration with LayerZero V2 is an important step towards advancing cross-chain functionality.
In Brief
Through its partnership with LayerZero V2, the Gelato Network is actively working to solve interoperability problems faced by Gelato RaaS users.
Web3 relay network Gelato Network Recently announced, the Gelato Network is integrating with a key cross-chain communication protocol. LayerZero V2 This integration aims to support Gelato users in overcoming interoperability issues amid the plethora of Layer 2 solutions, application-specific blockchains, and rollup technologies. rollup-as-a-service (RaaS) LayerZero V2 stands as the backbone for blockchain connectivity, providing the vital components of security, adaptability, and scalability that make efficient cross-chain operations possible. The centerpiece of LayerZero V2’s verification mechanism is the Gelato DVN1, which delivers an all-in-one cross-chain messaging service tailored for Gelato users.
LayerZero What sets Gelato DVN1 apart is its decentralized consensus mechanism that safeguards against single points of failure. Within this framework, three out of five Gelato validators work simultaneously on transactions, significantly boosting overall reliability. RaaS .
All operations via Gelato DVN1 are subjected to extensive validation and security protocols managed by notable companies like Bware Labs, Chorus One, P2P Validator, and Staking Facilities, crucial for protecting assets exceeding $3.5 billion associated with major Web3 protocols.
Moreover, Gelato DVN1 promotes itself as one of the most secure, decentralized, and scalable verification systems within LayerZero V2, currently supporting over 70,000 active delegators.
LayerZero V2 is pivotal for all Gelato RaaS users, tackling cross-chain compatibility in an expanding universe of Layer 2 solutions, application-specific chains, and rollup technologies.
Gelato Network is poised to redefine the landscape of Web3 Automation. Polyhedra Network Acting as a Web3 automation hub, Gelato Network enables developers to automate and relay smart contract executions across a diverse range of EVM-compatible blockchains, including.
The Gelato Network continues to enhance its offerings with several flagship products like Gelato Ops, Sorbet Finance, and Gelato Relay. The primary goal is to provide a dependable, scalable, and decentralized network that allows developers to outsource their Web3 development operations. Currently, Gelato Network is trusted by over 200 web3 projects, serving as critical infrastructure facilitating millions of transactions in the DeFi space.
With its latest funding round, which was led by IOSG Ventures, Gelato Network aims to leverage the new investment to strengthen its existing services and expand its functionalities. The initiative is expected to evolve into a preeminent decentralized technological stack within the Web3 atmosphere. Ethereum , Polygon, Fantom, uk uz
The integration of LayerZero V2 by Gelato Network aims to address interoperability hurdles as the Web3 landscape evolves, paving the way for a dynamic future filled with decentralized innovations. uz vi
vi Search Please remember that the information presented on this website is not intended as legal, tax, investment, or financial advice. It’s essential to invest only what you can afford to lose and seek independent financial guidance if you're uncertain. For additional details, refer to the terms and conditions and help pages provided by the advertiser or issuer. MetaversePost strives for accurate and unbiased reporting, though market conditions can change without prior notice.
Alisa, an engaging journalist at Cryptocurrencylistings, focuses on cryptocurrency, zero-knowledge proofs, investments, and the vast domain of Web3. With her sharp insight into emerging trends and technologies, she delivers thorough coverage that informs and captivates her audience in the fast-moving world of digital finance.
tg
twitter Alisa Davidson Enso, LayerZero, and Stargate have teamed up to orchestrate one of Ethereum's most significant liquidity migrations to Unichain.