Telos Network and LayerZero: The Future of Blockchain Interoperability
Blockchain technology has consistently shown potential to evolve digital interactions and transactional frameworks. However, a persisting challenge has been the fragmentation across different blockchain networks. Addressing this key issue, Telos is proud to announce we’ve integrated with LayerZero to facilitate seamless interactions within the blockchain space.
Telos: A Benchmark in Decentralization, Security, and Scalability
The Telos Network has been a significant entity in the blockchain domain for over five years. Our notable achievement, the tEVM, stands as one of the fastest Ethereum Virtual Machines on the market. With an industry-leading capacity to handle 15, 200+ transactions per second while maintaining minimal transaction fees, Telos has emerged as the preferred choice for many developers and blockchain enthusiasts.
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Transitioning towards a Layer 0 network, Telos is more than just a standalone blockchain; Telos is actively striving to be the foundational layer where future blockchains and their ecosystems can build upon securely and efficiently.
LayerZero: The Solution for Blockchain Interoperability
LayerZero addresses the challenge of blockchain fragmentation head-on. Their distinct messaging protocol for native cross-chain transactions eliminates the need for traditional intermediaries, streamlining the process. The LayerZero Endpoint innovation allows any blockchain to conduct cross-chain transactions with another blockchain, provided both integrate this endpoint. Such advancements pave the way for applications like cross-chain DEXs, multi-chain yield aggregators, and interchain lending. LayerZero also provides guaranteed scalability and enhanced security, while presenting unparalleled ease of use.
- Scalability: LayerZero offers inherent scalability, leveraging the existing infrastructure of interconnected chains rather than necessitating supplementary frameworks. This means LayerZero can scale at the pace of the underlying chain.
- Security: LayerZero prioritizes security through its utilization of a decentralized Oracle system, which diligently monitors the state of all integrated blockchains. This decentralization of oracles minimizes susceptibility to third-party breaches. Furthermore, the Relayer system promotes transparency, as Relayers are both incentivized and rewarded for successfully executed transactions.
- Ease of Use: LayerZero is designed for seamless integration, allowing projects to effortlessly incorporate its capabilities, and enabling users to adeptly transfer assets across diverse chains.
Building a Cohesive Blockchain Ecosystem
Telos’ LayerZero integration promises a future where developers are not bound by the constraints of a single network. Leveraging the robust infrastructure of Telos and the interoperability provided by LayerZero, developers can access resources, applications, and systems across various chains efficiently. Additionally, Telos’ expansive network, including over 100 partners, 250 dApps, and 1.2 million accounts, will benefit from LayerZero’s integration, allowing for broader interactions across the blockchain domain.
Application Links:
Bridge Link: https://bridge.telos.net
Block Explorer Link: https://layerzeroscan.com/
Support Links:
LayerZero Discord: https://discord-layerzero.netlify.app/discord
Telos Network Discord: https://discord.com/invite/9hurWxq3Gf
New Avenues for Users and Developers
This integration brings forth an environment where users can conduct trades on a DEX without relying on wrapped tokens or incurring intermediary fees. Additionally, opportunities for yield optimization become more accessible, and lending and borrowing can occur across chains, streamlining operations.
Official Documentation:
https://layerzero.gitbook.io/docs/technical-reference/mainnet/supported-chain-ids#telos
Conclusion
Telos’ integration of LayerZero is a significant step towards a more integrated and collaborative blockchain landscape. By leveraging Telos’ robust architecture and LayerZero’s innovative solutions, we aim to improve ease of use, while delivering heightened security, and a cohesive and dynamic blockchain experience.
We invite users and developers to experience the bridge and explore the endless capabilities this collaboration brings.
About The Telos Foundation
As a decentralized, independent and not-for-profit organization, the Telos Foundation spearheads the advancement and governance of the Telos blockchain. Launched in 2018, Telos has an impeccable five-year record of uninterrupted service. With the introduction of the tEVM in 2021 — the fastest Ethereum Virtual Machine — Telos has demonstrated its commitment to cutting-edge technology. Now shifting its focus to becoming a Layer 0 network, Telos places paramount importance on scalability, security, and decentralization. The network’s impressive performance allows for 15,200+ transactions per second, all while maintaining near-feeless operations. Today, the Telos ecosystem boasts more than 100 partners, 250 dApps, 1.2 million accounts, and a rapidly growing community. Telos continues to propel the industry’s transition to Web 3.0 and pave the way for global adoption of decentralized solutions.
