LayerZero Plans Launch of Proprietary Blockchain Named ZERO

Market sources report that LayerZero hinted at a potential blockchain project, ZERO, in a video that has since been removed from public access.

CORE

Summary

LayerZero previously posted a video suggesting a possible launch of its proprietary blockchain, ZERO, according to market sources. The video, which indicated the company’s entry into dedicated blockchain operations, was later deleted. This development aligns with reports from earlier in February citing PANews and Aggr News about LayerZero’s move beyond its core cross-chain protocol to operate its own blockchain network.

Terms & Concepts
  • Blockchain: A decentralized digital ledger that records transactions across multiple computers.
  • LayerZero: A protocol enabling cross-chain communication between different blockchain networks.
  • Proprietary Blockchain: A blockchain developed and controlled by a specific organization for its own ecosystem.