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Multi-Chain Protocol LayerZero Partners With Google, Here’s What We Know

September 12, 2023
in Crypto Updates
Reading Time: 2 mins read
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LayerZero Labs has introduced a brand new partnership with Google Cloud; the large tech large will deploy an oracle on the multi-chain community. The corporate celebrated the partnership by way of an official publish on social media platform X because of a “year-long effort.”

Google Cloud Embraces LayerZero, What Are The Implications?

In accordance with the official announcement, the brand new software was rolled out right this moment, September twelfth. All LayerZero customers can leverage the oracle embodied by Google Cloud’s safety; the tech large will validate messages approaching the community.

The brand new software will grow to be the brand new default by September nineteenth. The corporate behind the multi-chain protocol claims that the oracle is supposed to function because the Hypertext switch protocol safe (HTTPS), the usual for safety on the web.

The announcement acknowledged the next relating to the partnership and the oracle:

The Google Cloud oracle is supposed to function the https of cross-chain messaging. Similar to they confirm all https certificates to attest to the validity of the web site, The Google Cloud oracle is now moreover verifying all LayerZero messages by default.

The brand new software can even be appropriate with different scalability options, such because the PolyhedraZK. As well as, customers may have the capability to customise their “safety stack that most closely fits your software’s wants,” the corporate revealed whereas including:

We’re extremely excited to be constructing alongside Google Cloud and to play a task in constructing a safer messaging layer for your complete business.

Within the final 24 hours, LayerZero Labs has introduced partnerships with a number of organizations native and out of doors the crypto area. These embody a collaboration with the gaming ecosystem Tevaera, to allow the switch of Omnichain Non-Fungible Tokens (ONFTs) and Preon Finance, a platform that permits customers to maneuver crypto collateral on the community.

James Tromans, head of Web3 at Google Cloud, instructed Fortune Journal the next relating to their new partnership:

Teaming up with LayerZero as an oracle throughout 15 chains is not going to solely improve the safety of LayerZero’s cross-chain messaging capabilities however additional speed up its dedication to Web3 interoperability and enterprise adoption.

Cowl picture from Unsplash, Chart from Tradingview

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