- LayerZero has unveiled “Zero,” a permissionless blockchain claiming two million transactions per second and positioning itself as the “last blockchain.”
- Major financial institutions DTCC, Intercontinental Exchange, and Citadel Securities are exploring the technology, with Citadel investing in its ZRO token.
- The protocol solves scalability by running the Jolt virtual machine on GPUs and eliminating the traditional replication of transaction verification across all nodes.
- The DTCC will specifically test Zero for its tokenization and collateral services recently acknowledged by the SEC.
- Google Cloud is interested in exploring the blockchain for potential AI micropayment applications.
The LayerZero Foundation has launched a new permissionless blockchain called Zero, which it boldly describes as “the last blockchain” designed to overcome the speed limitations hindering mainstream DLT adoption. Consequently, three heavyweight traditional finance players—DTCC, Intercontinental Exchange, and Citadel Securities—are now exploring its potential, with Citadel investing in the associated ZRO token.
The developers assert the blockchain supports a staggering two million transactions per second by leveraging 100x improvements in storage, compute, and network speed. This performance stems from using the Jolt virtual machine on GPUs and a key architectural shift that avoids having every full node verify every transaction.
However, while Citadel Securities is embracing the technology, major market infrastructures are proceeding more cautiously. For instance, the DTCC will explore Zero to enhance the scalability of its Collateral App Chain and its DTC Tokenization Service.
Meanwhile, Google Cloud has expressed interest in examining the blockchain for potential AI micropayment use cases. This broad exploration underscores the significant interest in Zero’s promise to solve long-standing blockchain scalability constraints.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
Previous Articles:
- CoinDesk 20 Index Slides 2.5%: All 20 Assets in the Red
- Exposed Cloud Training Apps Exploited by Attackers
- Coinbase CEO Drops From World’s 500 Richest After Crypto Slump
- CZ: Crypto Industry Structurally Stronger Post-FTX
- Hong Kong Allows Crypto Margin Loans, Perpetuals for Pros
