LayerZero unveils ‘Zero’ chain with Citadel Securities, ARK Invest backing
LayerZero Labs has announced the upcoming launch of its new blockchain, named "Zero," which is set to debut in the fall of 2026. This ambitious project has garnered substantial backing from prominent investors, including Citadel Securities and ARK Invest. LayerZero Labs aims to revolutionize the scalability of blockchain technology with Zero, which is designed to support an impressive capacity of up to two million transactions per second.
The Zero blockchain will utilize advanced zero-knowledge proof technology alongside a proprietary protocol known as Jolt, which is expected to enhance transaction speed and efficiency significantly. Zero-knowledge proofs are cryptographic methods that allow one party to prove to another that a statement is true without revealing any additional information. This capability can be particularly beneficial in maintaining privacy while ensuring security and integrity within the blockchain ecosystem.
LayerZero's innovative approach is geared toward addressing one of the critical challenges faced by existing blockchain networks: scalability. With the increasing demand for faster transaction processing in various applications, a blockchain that can handle millions of transactions per second could transform industries ranging from finance to supply chain management.
The collaboration with Citadel Securities and ARK Invest is a testament to the project's credibility and potential impact in the crypto space. Both firms are well-respected in the financial industry, and their involvement may attract additional interest and investment in LayerZero's initiatives.
LayerZero Labs has positioned itself at the forefront of blockchain innovation, and the upcoming launch of Zero is poised to make significant waves in the cryptocurrency ecosystem. As the development team prepares for the project’s rollout, industry observers will be keen to see how Zero performs in real-world applications and whether it can truly deliver on its ambitious scalability promises.
Key Takeaways
- LayerZero Labs is set to launch its new blockchain, "Zero," in the fall of 2026.
- The blockchain aims to scale up to two million transactions per second using zero-knowledge proofs and its proprietary Jolt protocol.
- Citadel Securities and ARK Invest are notable backers of the project, enhancing its credibility in the market.
- Zero aims to address scalability challenges faced by existing blockchain networks, potentially transforming various industries.
This article was inspired by reporting from CoinTelegraph. · Report an issue