This article is machine translated
Show original

Layer Zero was supposed to launch a new chain, as leaked. I just read the lightpaper, and if implemented as is, it would be huge news in terms of infrastructure. The details are a bit complex, so let me summarize them as simply as possible: - Decentralization: Anyone can be a validator. There's no minimum delegation. While you can delegate to Senators, the higher-level governance participants, you can also participate directly in governance. ZKVM-based validator requires minimal performance. - Built-in L2: Zero has multiple execution shards called Zones, each handling different tasks. Zones can theoretically have arbitrary execution environments. Zone creation, modification, and upgrades must all go through Zero's on-chain governance. Zero serves as the settlement layer for Zone (verifying validity proof of computations). The various technologies Layer Zero has announced so far, such as QMDB, SVID, and FAFO, all seem to have been built for Zero. Zone will reportedly create three services: general smart contracts, global markets, and payments. Global markets will feature a completely self-built execution environment, while payments will feature privacy-focused features. Notably, the Day 1 partners for the global market zone include Citadel, DTCC, and ICE (parent company of the NYSE), and Cathie Wood has been appointed as an advisor. Based on the Lightpaper, the current token ZRO appears to be set to become Zero's native token. My personal impression is that this is what would happen if the lean Ethereum roadmap were frontrun. I'll be sure to follow up on CT today, as there will be a lot of discussion about this. Tech Blog: layerzero.network/blog/zero-te... Tweet: x.com/layerzero_core/status/20... Tweet 2: x.com/layerzero_core/status/20... * I am a ZRO holder

Telegram
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments