Justin Hunter pfp
Justin Hunter
@polluterofminds
Can someone explain what LayerZero is and why it’s important like I never worked in web3 in my life? https://www.coindesk.com/business/2023/04/04/crypto-protocol-layerzero-raises-120m-series-b-at-3b-valuation/
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Caitlin pfp
Caitlin
@0xcaitlin
Eliminates the need for bridges as an interoperability mechanism (allow chains to communicate / transfer with one another). Bridges have security vulnerabilities that have led to a lot of people losing a lot of money. So if this can solve chains communicating with each other without the security issue, HUGE
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Justin Hunter pfp
Justin Hunter
@polluterofminds
It sounds like a fancy dressing on top of a bridge though. I’m positive I just don’t understand it.
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Caitlin pfp
Caitlin
@0xcaitlin
Ah possibly. Well regardless of the technicalities, any infrastructure that makes web3 easier to use and can get mass adoption will get a ton of attention
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