Cointime

Download App
iOS & Android

Introducing The Core Bridge Powered by LayerZero

Validated Media

LayerZero is powering Core’s bridge to the broader blockchain ecosystem, enabling greater cross-chain interoperability and officially supporting assets including USDC, USDT, and WETH. As expressed in the Core x LZ integration announcement, Core DAO could not be more excited for this revolutionary technology marking a new epoch in blockchain development.

Connecting the Blockchain World

Over the past decade, the Layer 1 landscape has expanded to numerous chains optimizing for specialized abilities. Historically, specialization and the division of labor has been an economic edge as new tools and trade enhance productivity. Countries have established systems for international exchange with different currencies. Yet, blockchains have not always had the benefit of open communication and trade. Layer 1 chains have had difficulties communicating with one another and transferring data and digital assets.

Blockchain bridges and other interoperability protocols allow for the transfer of tokens and information from one chain or network to another chain or network, allowing decentralized applications across different chains to leverage one another’s abilities. The free flow of information allows tokens to reach their optimal destination, both dividing labor across chains and enabling users to identify and utilize their preferred blockchain without leaving assets behind. Particularly in the early stages of ecosystem development, bridges present a great opportunity for Core to bring various assets and individuals onto its decentralized, scalable, and secure blockchain rails.

Bridges and Tunnels

Despite the importance and value of blockchain bridges, they have historically experienced severe limitations. Using bridges often involves multiple steps and complicated processes. It can often feel like bridges lack clear pathways and guardrails, leading many to fall off the side or simply avoid the voyage entirely. Additionally, with bridges sitting atop the consistently chaotic blockchain surface, earthquakes in the form of security vulnerabilities can shake these bridges to the point of total collapse. If users and developers are going to be able to consistently communicate across chains, the blockchain world needs a better solution than these unsteady, makeshift bridges.

Instead of building atop the ever-shaking layer one landscape, what if cross-chain trade and communication could occur below the surface, acting more like tunnels? As the name implies, LayerZero does exactly that. Utilizing decentralized oracle networks, relayers, and immutable endpoints on integrated blockchains, LayerZero unlocks secure, “one-click” omnichain interoperability. For builders, protocols can reach below Layer 1 barriers to acquire data and digital assets from other applications across the blockchain world. And for users, the simplicity with which LayerZero collects data and assets abstracts away the previously burdensome complexity. Everything runs below the surface. Eventually, with LayerZero being a multifaceted cross-chain messaging protocol, NFTs, messages, and more will live in harmony across multiple chains.

LayerZero is a superpower for the Core developer and user experience. Just as Core leverages Bitcoin and Ethereum at the protocol design level, developers on Core can leverage the applications, data, and tokens on other chains to enhance their applications. Stay tuned for more updates and information on both LayerZero and other Core integrations. Core is rising.

Comments

All Comments

Recommended for you

  • US Official: Ukraine Agrees to Avoid Strikes on Non-Russian Tankers and Black Sea Oil Facilities

    On August 8, according to a US official, Ukraine has agreed not to target certain non-Russian tankers and Black Sea infrastructure vital to Kazakhstan's crude oil exports. This follows ship attacks last month that caused loading disruptions. The US official said Ukraine has set up contact points so commercial shipping companies can communicate information and ensure safe passage. The commitment was reached after meetings between senior US government leaders and Ukrainian leadership, marking a potentially significant step toward increasing regional oil shipments. Previously, activity in the region had cooled significantly due to several recent attacks near the Caspian Pipeline Consortium terminal in Russia's Novorossiysk. (Jin Shi)

  • U.S. July Nonfarm Payrolls Fall by 23,000, Missing Market Expectations

    On August 7, U.S. nonfarm payrolls decreased by 23,000 in July, compared with market expectations of an increase of 80,000, and the previous value was an increase of 57,000.

  • US May and June Nonfarm Payroll Additions Revised Down by 103,000 Combined

    On August 7, the US Bureau of Labor Statistics: May nonfarm payroll additions were revised down from 129,000 to 63,000; June nonfarm payroll additions were revised down from 57,000 to 20,000. After the revisions, the combined additions for May and June were 103,000 lower than previously reported.

  • U.S. Rate Futures Market Sees Lower Odds of Fed September Hike

    On August 7, the probability of a Fed rate hike in September as priced by U.S. interest rate futures declined.

  • New York Gold Futures Top $4,400 per Ounce

    New York gold futures topped $4,400 per ounce, up 2.36% on the day.

  • Japan Finance Minister: FX Market Affected by Moves Not Driven by Actual Demand

    Japanese Finance Minister Satsuki Katayama said she and U.S. Treasury Secretary Bessent agreed that the foreign exchange market has been affected by moves not driven by actual demand.

  • BTC Breaks Through $65,000

    Market data shows BTC has broken through $65,000, currently reported at $65,007.44, with a 24-hour increase of 0.6%. The market is highly volatile, please exercise risk control.

  • Brent Crude Drops 2.00% Intraday to $81.07/Barrel

    Brent crude oil fell 2.00% during the day, now at $81.07 per barrel. (Jin Shi)

  • Trump: Data Centers May Be More Important Than Oil

    August 7 news, U.S. President Trump said in an interview with Punchbowl News, "I saw the other day that Texas seems to be opposed to building data centers. I think that's a mistake. I'm not taking a position—I just think it's a mistake, because there are other communities that want to build data centers. When a community is willing to accept data centers, it means a lot of money will flow into that community. I don't think they're ugly. Some of the data centers I've seen are the most incredible buildings I've ever seen. They are very important to the economy. If Texas says no to data centers, that's a mistake, because data centers may be more important than oil."

  • Trump to Meet with Mining Executives

    On August 7, according to CCTV International News, US President Trump will convene executives from some of the world's largest mining companies at the US State Department on August 7 local time, in an effort to take action to 'secure critical mineral supplies for the US and its allies.' Reuters reported that the US urgently needs critical minerals to replenish weapons inventories depleted during the war against Iran. During the more than five-month war with Iran, the US military expended large quantities of precision-guided missiles and air defense interceptors. US defense officials and lawmakers have warned that given existing production capacity constraints, replenishing some stockpiles could take years—although the Trump administration has denied reports of a so-called 'severe shortage of ammunition stockpiles.' According to Pentagon officials and defense companies, supplies of minerals such as rare earths, tungsten, germanium, and scandium are essential for manufacturing precision-guided missiles, fighter jets, armored vehicles, infrared sensors, and other advanced weapons systems. Expected attendees include industry giants such as global mining giant Rio Tinto Group, Australia's BHP, US Freeport-McMoRan, US Mountain Pass Materials, US Rare Earths, US Energy Fuels, and Canada's Metals Company. According to sources, the Trump administration plans to announce multiple deals and memorandums of understanding.