Hassan Maishera
On Wednesday, the LayerZero team announced via X that LayerZero is now live on Tempo, the blockchain for payments at scale. Stripe processes $1.4T a year and accounts for 1.3% of global GDP, even with the constraints of banking hours and borders.
Tempo is their bet that the backend for money should feel like the internet: fast, cheap, and everywhere. Every major asset and app in crypto will want to be on Tempo. LayerZero makes expansion simple. Builders can deploy from any chain to Tempo today, with TIP-20 support out of the box.
And every asset built on Tempo will want to reach the broader crypto market. Think Tempo as hub, other chains as spokes.
With LayerZero, any Tempo-native product can reach 165+ chains using contract standards like OFT, which unifies tokens across crypto: from Ethereum to Solana.
Tempo is an EVM-compatible chain with no native gas token. All transaction fees are paid in USD stablecoins. LayerZero deploys EndpointV2Alt on Tempo instead of the standard EndpointV2, with LZEndpointDollar (LZD) as the fee token. LayerZero fees are paid through ERC-20 transfers
LayerZero is an interoperability protocol designed to facilitate seamless communication between different blockchains. It aims to create a unified, interconnected blockchain ecosystem where assets and data can move freely across various networks.
LayerZero is an omnichain interoperability protocol designed for lightweight message passing across chains. 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.
ZRO trades at $1.69, down 9% in the last 24 hours.
