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Blockchain & Web3. LayerZero v2 Protocol Architecture. Part 1

· 4 min read
DcodeBlock
Contributor

LayerZero is an immutable, censorship-resistant, and permissionless protocol that allows any blockchain user to send, verify, and execute messages on a supported destination network.

The documentation says that, but what that means is hard to understand. LayerZero is NOT a separate blockchain or a bridge between them. Moreover, as Brian Pellegrino (CEO of LayerZero Labs) states, it is not a standard for exchanging messages between blockchains but a protocol for transferring data (which is transmitted as messages). In addition to exchanging data, the protocol provides the infrastructure for executing and verifying this data in transit.

Globally, the protocol offers its vision of a decentralized solution to the problem of blockchain interoperability. It emphasizes extensibility, flexibility in security settings, and separation of data verification and execution functionality, distinguishing it from other solutions. The second version of the protocol positions itself as an omnichannel solution (Omnichain Messaging Protocol—OMP).

Interoperability is the ability of a product or system with completely open interfaces to interact and function with other products or systems without restrictions on access and implementation.

In short, cross-chain is about the interaction of two different blockchains via bridges; multichain implies the deployment of a specific DApp in other blockchains, which also includes modular blockchains; omnichain is the creation of a base layer (Layer 0) on top of which various blockchains and DApps can be located. The advantage of omnichain solutions is the universal logic of message transmission and flexible security settings for each network.

Cross-chain (left): Networks are connected via separate bridges between chains. The critical point is that each link must be configured individually, and interactions between different compatibility groups (e.g., “Compatibility Group A” and “Compatibility Group B”) require additional layers of security and integrations. These are essentially disjointed connections between chains, which increases the complexity of managing connections and security.

Omnichain (right): In this approach, each chain can directly interact with any other in the network via unified network semantics. In LayerZero, each link between chains is unified, but the security for each link can be configured individually.

LayerZero Principles

The OMP (Omnichain Messaging Protocol) is based on two main principles: security and universal semantics.

The Ultimate Gateway to Tap Into Indian Web3 Ecosystem

· 5 min read
DcodeBlock
Contributor

Dcodeblock Dcodeblock

The Exclusive Partnership Between DcodeBlock and ActualOne

In a rapidly evolving Web3 landscape, partnerships play a pivotal role in shaping the future of blockchain technology. DcodeBlock and ActualOne are thrilled to announce an exclusive collaboration that combines technological innovation with community-driven engagement, unlocking new opportunities for developers, students, and blockchain enthusiasts.

DcodeBlock: Simplifying Web3 for the Builders of Tomorrow

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At its core, DcodeBlock is a project-building platform that transitions Web2 developers into Web3 innovators. By gamifying the learning process through thematic quests, DcodeBlock provides a seamless and engaging way to master blockchain development. Developers on the platform embark on structured learning journeys, compete in hackathons, and earn rewards that propel their careers forward. Whether you’re a beginner or an expert, DcodeBlock ensures that learning and building in Web3 is accessible, intuitive, and rewarding.

💲 Ethereum, The Amazon of Crypto

· 7 min read
DcodeBlock
Contributor

Crypto Rand Crypto Rand

Happy Monday dear subscribers! In today’s Newsletter, Ethereum growth is not over!!

In today’s bulletin, we are covering:

  • Surfing the Market, with analysis about Mid Caps and AI Index
  • Don’t miss the News about Ethereum’s potential and Crypto in politics
  • Predicate is under the spotlight.
  • A short article about Long-Term Management Capital Collapse

Morning ladies and gentlemen! Really ugly weekend for the Crypto market. Taking a look into the Mid Caps Index we can see a breakdown on the key support to levels not seen since 2 months. Let’s see the response over the main range at $3, which will be critical:

The AI Index is back to the main horizontal support breaching below the $5 range. Also at a very critical stage, needs a strong bounce to jump back the momentum: