LayerZero V2 is out now and features permissionless, censorship-resistant, and fixed compatibility with more than twenty chains. Among the many premium features of V2 is universal messaging. This will make it possible for any kind of communication that accumulates between nodes to be relayed, including calls and functions from the outside world, arbitrary data, and tokens.
One security feature that allows developers to choose from a security stack for cross-chain message authentication is modular safety, which gives them access to more than 20 different decentralized verifier networks (DVNs).
Moreover, any user can run V2 thanks to the permissionless implementation of an executor. With unified semantics, developers may use OApp and OFT contracts to create tokens and applications that function uniformly across any blockchain V2s with an active endpoint.
Since V1 is flexible, there may be changes in the opportunities for using V1 apps. Through ULN 301, applications currently running on V1 can take use of the latest safety considerations and implementation strategies.
An unchangeable, permissionless, and censorship-resistant protocol called LayerZero makes it easier to connect blockchains. Using LayerZero gives developers complete control over the security aspects of their apps and allows them to send any kind of communication across any channel. With LayerZero, developers may create, modify, and connect tokens, devices, and data primitives over several chains.
Anything that can be programmable on one chain as a smart contract can be programmable across many chains with LayerZero. Since its launch, more than 40,000 OApp contracts have been implemented on LayerZero.
Token augmentation and the creation of high-end applications with clusters of OApps, such as lending markets, stablecoins, bridges, business ventures, non-fungible tokens (NFTs), meme tokens, and identity services, are made easier by a significant number of teams using LayerZero’s OFT Standard.