Avalanche Summit 2022 - LayerZero
Speaker(s):
Ryan Zarick
Held on:
22-03-2022
Written on:
22-03-2022
Connecting Avalanche Subnets
LayerZero on Avalanche Subnets
- Most devs use their own bridge for value transfer
- LayerZero allows for the same game to be played across chains.
- takes away the need to reinvent infrastructure
- LayerZero will be deploying on all subnets
- Can be used on NFTs as well
- Each application can decide what exactly they want to send/receive
Oracles and relayers
Anyone can be the oracle and relayer
- Not only Chainlink. could be anyone
- both should be different to prevent malicious actions Limited set of oracles and relayers
- Still in beta
- There will still be popular oracles and relayers, but the goal is to expand There is no consensus mechanism! Any application can choose any relayer or oracle
- So even if 99% of relayers and oracles are malicious, application can choose the 1%
Bitcoin and LayerZero
Exploring how to bring
Bitcoin to
LayerZero
Possible even though
Bitcoin has no
Smart Contracts