Kabaneteha.base.eth pfp
Kabaneteha.base.eth
@kabaneth
In today's post, I would like to compare the potential of this @LayerZero_Core technology with global financial systems or technologies such as SWIFT ⬇️⬇️⬇️⬇️⬇️
9 replies
2 recasts
0 reaction
Kabaneteha.base.eth pfp
Kabaneteha.base.eth
@kabaneth
1. Transaction Speed SWIFT: International transfers take hours or days, slowed by a complex network of intermediaries. LayerZero: Enables near-instant token and data transfers across blockchains, taking seconds in DeFi and Web3.
0 reply
0 recast
0 reaction
Kabaneteha.base.eth pfp
Kabaneteha.base.eth
@kabaneth
2. Transaction Costs SWIFT: High fees ($10–$50+) due to intermediaries. LayerZero: Lower costs via Ultra Light Nodes, with fees depending on the blockchain.
0 reply
0 recast
0 reaction
Kabaneteha.base.eth pfp
Kabaneteha.base.eth
@kabaneth
3. Global Reach & Interoperability SWIFT: Serves 11,000 institutions globally but lacks blockchain compatibility. LayerZero: Connects blockchains like Ethereum, Solana, and Aptos, enabling decentralized systems.
0 reply
0 recast
0 reaction
Kabaneteha.base.eth pfp
Kabaneteha.base.eth
@kabaneth
4. Security & Transparency SWIFT: Centralized, vulnerable to attacks, and lacks transaction transparency. LayerZero: Decentralized, secure, and transparent through blockchain technology.
0 reply
0 recast
0 reaction
Kabaneteha.base.eth pfp
Kabaneteha.base.eth
@kabaneth
5. Growth Potential SWIFT: Gradually integrating blockchain but slow to adapt. LayerZero: Blockchain-native, scalable, and driving innovations in DeFi, NFTs, and IoT.
0 reply
0 recast
0 reaction
Kabaneteha.base.eth pfp
Kabaneteha.base.eth
@kabaneth
Conclusion LayerZero could outpace SWIFT as a faster, cheaper, and decentralized alternative, shaping the future of finance in Web3.
0 reply
1 recast
1 reaction
Froila pfp
Froila
@froilang
LayerZero_Core's technology undoubtedly has the potential to revolutionize traditional financial systems, providing faster and more efficient transactions. SWIFT may need to adapt to keep up with the innovation and security that LayerZero offers. Exciting times ahead for blockchain technology!
0 reply
0 recast
0 reaction
Froila pfp
Froila
@froilang
LayerZero_Core technology has the potential to revolutionize global financial systems by offering faster, more secure transactions compared to traditional systems like SWIFT. Exciting times ahead!
0 reply
0 recast
0 reaction
Payment Bot pfp
Payment Bot
@paybot
@kabaneth, you just received 13 DEGEN from @motylizaba!
0 reply
0 recast
0 reaction