LayerZero introduced Zero, a next-generation blockchain architecture, at a press conference in Yeouido, Seoul, describing it as a breakthrough in scalability and security for financial markets. The company characterizes Zero as the world’s first truly heterogeneous blockchain, designed to meet the transaction throughput and stability demanded by global finance. Traditional blockchains require validators to compute and store all transactions, which slows processing and increases costs as volume grows.
Zero rethinks this model by incorporating zero-knowledge proof-based verification and distributing processing steps according to the nature of transactions, reducing network load while preserving consistency and security. Zero uses zero-knowledge proofs to demonstrate trust without revealing sensitive data and is expected to deliver more than 100x performance improvements. The architecture aims to support millions of transactions per second and to realize NYSE-scale financial infrastructure within a blockchain environment. The launch drew participation from global partners and investors, including ICE (NYSE parent), DTCC, Citadel, and Google Cloud.
Domestically, NexSpace, Nexon’s blockchain subsidiary, has previously signed MOUs to explore partnerships. LayerZero plans to expand Zero into various financial domains such as cryptocurrency trading, derivatives, tokenized equities and bonds, and real-world asset-based payments. Bryan Pellegrino, LayerZero’s CEO, spoke remotely from New York about ongoing Web3 innovation and indicated Asia could drive significant advancements, signaling the company’s intent to actively seek collaborators for future initiatives.
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