ZRO Price today

LayerZero is an immutable, censorship-resistant, and permissionless smart contract protocol that enables anyone on a blockchain to send, verify, and execute messages on a supported destination network. LayerZero provides authentic and guaranteed message delivery with configurable trustlessness. It is a “blockchain of blockchains” that allows other blockchain networks to communicate directly and in a trustless manner.

LayerZero’s key feature is Ultra Light Nodes (ULNs). These smart contracts run on each blockchain and act as endpoints for cross-chain communication. ULNs verify the validity of transactions and messages from other chains using block headers and transaction proofs, ensuring security and efficiency.

Since its launch, LayerZero has processed approximately 132 million transactions across 70 different blockchains, with a total transaction volume of over $50 billion. The project has also successfully raised $263.3 million through 3 funding rounds from leading venture capital firms such as Binance Labs, Andreessen Horowitz (a16z), Sequoia Capital, Circle, and Multicoin Capital.

ZRO is a native coin of the LayerZero ecosystem, operating on Ethereum according to ERC20 standard, and can be used to:

• Governance: ZRO holders can participate in governance proposals, influencing the direction and policies of the LayerZero protocol. This includes decisions on upgrades, integrations, and other significant changes.
• Staking Rewards: Users can stake their ZRO tokens to earn rewards. This incentivizes long-term holding and active participation in the ecosystem.
• Cross-Chain Transactions: As LayerZero expands, ZRO tokens may be used to facilitate and secure cross-chain transactions, adding another layer of utility for token holders.

Specifications

• Name: LayerZero
• Symbol: ZRO
• Platform: Ethereum
• Standard: ERC20
• Type: Utility, Governance
• Smart Contract Address: 0x6985884c4392d348587b19cb9eaaf157f13271cd
• Total supply: 1,000,000,000 ZRO