XDC Network facilitates cross-chain compatibility via LayerZero assimilation
Vibin' with the Merge: XDC Network and LayerZero Labs Join Forces for Blockchain Interoperability
Yo! All hail the union of XDC Labs and LayerZero Labs! These mavericks are integrating the latter's universal messaging protocol into the XDC Network, bringing secure interoperability to the party across a ton of blockchains.
Just recently at XDC Tech Webinar 6.0, they spilled the beans on this collab, aiming to deliver omnichain interoperability. To achieve this, they're directly embedding LayerZero's universal messaging protocol into XDC's own blockchain infrastructure. What's this mean for developers? They can now build apps that roam freely across multiple blockchains without relying on wrapped tokens or centralized bridges. It's like a blockchain pārty that everyone's invited to, no exceptions!
With XDC's quick, cheap blockchain joining forces with LayerZero, devs can craft some next-level omnichain applications. This collaboration means smart contracts on XDC can now chat it up directly with a whole bunch of other networks without missing a beat. Without needing wrapped tokens or centralized bridges, this cross-chain cohesion is lit!
Now, let's talk (excuse the pun) about native interoperability across EVM and non-EVM chains, sub-second finality, and over 2,000 transactions per second. XDC becomes an amazing on-ramp for inter-network asset flow!
Speaking of assets, XDC Network, which was born in June 2019, is a hybrid platform designed for global trade and real-world asset tokenization. Its consensus method, delegated proof-of-stake, keeps the environmental impact minimal while delivering enterprise-level performance and security.
Since its mainnet not-so-modest debut, XDC has run through over 6 million daily transactions and secured more than 3 million active wallets, all while powering over 18,000 smart contracts. With a transaction finality of just 2-3 seconds and modest gas fees, it's a solid pick for both DeFi and tokenized assets.
Recently, they've updated to XDC 2.0, adding military-grade security features and subnet privacy provisions, making it more attractive for regulated tokenization and DeFi. The XDC token, first dropped in April 2018, currently slots in at 61st in market cap. At $0.07, it's raked in 15% over the past month.
Last but not least, XDC has stepped out of a multi-week downtrend, all thanks to its blossoming ecosystem!
So, zero drama here! This collaboration brings interoperability across blockchains to whole new heights, allowing for seamless connections while ensuring security and efficiency-the perfect recipe for a thriving blockchain ecosystem that's ready to play nice with others.
Sources:
[1] Dappradar - XDC Network Integrates LayerZero's Universal Messaging Protocol for True Omnichain Applications: https://dappradar.com/latest/xdc-network-integrates-layzeros-universal-messaging-protocol-for-true-omnichain-applications/
[2] Messari - The XDC Network Token Hits An All-Time High Defi TVL: https://messari.io/article/the-xdc-network-token-hits-an-all-time-high-defi-tvl
[3] XDC Network - Technology Overview: https://www.xdc.network/technology/
[4] XDC Network - Milestones: https://www.xdc.network/technology/milestones/
[5] CoinMarketCap - XDC Network: https://coinmarketcap.com/currencies/xdc-network/
[6] CoinGecko - XDC: https://www.coingecko.com/en/coins/xdc-network
- The collaboration between XDC Labs and LayerZero Labs will integrate LayerZero's universal messaging protocol into the XDC Network, offering secure interoperability across multiple blockchains.
- At XDC Tech Webinar 6.0, they revealed their intention to deliver omnichain interoperability by directly embedding LayerZero's protocol into XDC's blockchain infrastructure.
- Developers can now build apps that operate across various blockchains without relying on wrapped tokens or centralized bridges, thanks to this collaboration.
- With XDC's blockchain joining forces with LayerZero, smart contracts on XDC can now interact directly with numerous other networks, enhancing cross-chain cohesion.
- XDC Network, launched in June 2019, is a hybrid platform designed for global trade and real-world asset tokenization, with a minimal environmental impact, enterprise-level performance, and security.
- Since its mainnet debut, XDC has facilitated over 6 million daily transactions and secured more than 3 million active wallets, powering over 18,000 smart contracts, making it a solid choice for DeFi and tokenized assets.
