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LayerZero Google Coinbase BTCUDST Bitcoin

Multi-Chain Protocol LayerZero Partners With Google, Here’s What We Know

Reynaldo Marquez
by Reynaldo Marquez
1 year ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

LayerZero Labs has announced a new partnership with Google Cloud; the big tech giant will deploy an oracle on the multi-chain network. The company celebrated the partnership via an official post on social media platform X as a result of a “year-long effort.”

Related Reading: Why Solana? Visa Reveals Its Reasons For The Partnership
LayerZero Google GOOGUSD
BTC’s price is moving sideways on the daily chart. Source: BTCUSDT on Tradingview

Google Cloud Embraces LayerZero, What Are The Implications?

According to the official announcement, the new application was rolled out today, September 12th. All LayerZero users can leverage the oracle embodied by Google Cloud’s security; the tech giant will validate messages coming on the network.

The new application will become the new default by September 19th. The company behind the multi-chain protocol claims that the oracle is meant to operate as the Hypertext transfer protocol secure (HTTPS), the standard for security on the internet.

The announcement stated the following regarding the partnership and the oracle:

The Google Cloud oracle is meant to serve as the https of cross-chain messaging. Just like they verify all https certificates to attest to the validity of the website, The Google Cloud oracle is now additionally verifying all LayerZero messages by default.

The new application will also be compatible with other scalability solutions, such as the PolyhedraZK. In addition, users will have the capacity to customize their “security stack that best suits your application’s needs,” the company revealed while adding:

We’re incredibly excited to be building alongside Google Cloud and to play a role in building a more secure messaging layer for the entire industry.

In the last 24 hours, LayerZero Labs has announced partnerships with several organizations native and outside the crypto space. These include a collaboration with the gaming ecosystem Tevaera, to enable the transfer of Omnichain Non-Fungible Tokens (ONFTs) and Preon Finance, a platform that allows users to move crypto collateral on the network.

Related Reading: How LayerZero Raised $135M In Investment From Sequoia, FTX Ventures And A16z

James Tromans, head of Web3 at Google Cloud, told Fortune Magazine the following regarding their new partnership:

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.

Cover image from Unsplash, Chart from Tradingview

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Reynaldo Marquez

Reynaldo Marquez

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As an editor at NewsBTC, Reynaldo is an experienced journalist passionate about all things crypto. Reynaldo has interviewed key industry leaders, and created unique pieces analyzing the promise of crypto as the next frontier for an economic and social transformation of humanity. Since 2018, he has been at the forefront of the industry, closely following every major development and analyzing critical events at the heart of the crypto industry. With a keen eye for detail and an unwavering commitment to excellence, Reynaldo has been instrumental in bringing the latest news and insights to the crypto community. Outside of work, Reynaldo enjoys lifting weights and literature, which he believes gives him a unique perspective into the world of crypto. As an aspiring trader, he is always looking for new opportunities to explore and believes that crypto holds the key to unlocking the future of finance.

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