LayerZero Labs and Google Cloud Forge Partnership to Bolster Web3 Interoperability Sep 12, 2023 Sep 12, 2023 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsSeptember 12, 2023 by Kelly Cromley

LayerZero Labs and Google Cloud Forge Partnership to Bolster Web3 Interoperability

LayerZero Labs and Google Cloud Collaborate for Enhanced Web3 Security

LayerZero Labs, the team behind the cross-chain messaging protocol LayerZero, has unveiled an exciting collaboration with Google Cloud aimed at fortifying the security of its cross-chain ecosystem. The partnership seeks to leverage Google Cloud’s robust cloud infrastructure to enhance performance and reliability while propelling the future of Web3 interoperability.

A Strategic Agreement for Enhanced Security

As part of this strategic agreement, Google Cloud will assume the role of LayerZero’s default oracle, responsible for ensuring the security of messages transmitted across the LayerZero network. This collaboration empowers developers working on decentralized applications (dApps) built atop LayerZero with the capability to employ the Google Cloud oracle for transaction verification.

 

LayerZero’s Role in Interoperability

LayerZero serves as an interoperability protocol facilitating seamless communication, including data, asset, and information transfers, between different blockchains, all while upholding stringent security measures. The protocol’s design offers developers the freedom to select verifiers, known as oracles, which are instrumental in securing the cross-chain functionality of dApps. Each oracle operates as a distinct network with the authority to approve or reject cross-chain messages based on predefined validation logic.

Since its inception, LayerZero Labs has experienced consistent growth, currently handling approximately 10 million messages each month. The Google Cloud oracle is poised to verify messaging activities across 15 different chains, encompassing prominent names like Ethereum, Arbitrum, Optimism, Polygon, BNB, and Avalanche. This represents the latest stride taken by LayerZero Labs in its quest to establish a secure cross-chain environment and expedite the adoption of Web3 within the enterprise landscape.

Bryan Pellegrino, CEO of LayerZero Labs, commented on the partnership, stating, “Google Cloud is the perfect partner to act as the default verifier securing messaging, as they have been a leader in security for multiple decades and now bring that same quality to the core of the LayerZero protocol. From inception, we designed LayerZero to provide ultimate optionality for a truly decentralized architecture. With LayerZero’s exponential growth to now handling more than 95% of all cross-chain messaging, Google Cloud is the perfect partner to act as the default oracle.”

Scaling for Unmatched User Experience

LayerZero has proactively scaled its systems to accommodate over 40 billion monthly Remote Procedure Calls (RPC) calls. It relies on Google Cloud’s fully managed node hosting product, Blockchain Node Engine (BNE), as a fundamental provider for its RPC connections. Currently, LayerZero boasts more than 24,000 distinct contracts utilizing its omnichain infrastructure and has facilitated over $20 billion in assets bridged across its platform.

James Tromans, Head of Web3 at Google Cloud, emphasized, “Core to Google Cloud’s Web3 strategy is to collaborate with protocols that bring unique capabilities to the community and help make it easier for developers to build and scale applications on that network. Teaming up with LayerZero as an oracle across 15 chains will not only enhance the security of LayerZero’s cross-chain messaging capabilities but further accelerate its commitment to Web3 interoperability and enterprise adoption.”

A Pivotal Step in Web3 Advancement

The partnership between LayerZero Labs and Google Cloud marks a pivotal step in advancing the capabilities of Web3, particularly in terms of security and interoperability. By harnessing the technological prowess of Google Cloud, LayerZero aims to provide a robust and reliable platform for developers and enterprises seeking to explore the full potential of blockchain and decentralized applications. This collaboration underscores the collaborative spirit and innovation-driven ethos prevalent within the Web3 ecosystem.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.