Buying LayerZero (ZRO) is easy!

Why buy LayerZero? 

Buying LayerZero may be the right choice if you think blockchain interoperability is fundamental to the crypto sector. Its main goal is to enable the many currently active blockchains to communicate and interact with each other through fast and cheap exchanges of value and information. The mission of this project is to become the core network of the entire industry, a kind of blockchain underground.

To decide whether to buy ZRO, the LayerZero crypto, you must know what it can be used for. First, ZRO is a governance token, so whoever holds it can vote on proposals to improve the protocol. You can lock the cryptocurrency in staking to receive rewards or use it to pay the fees of cross-chain transactions, which this project allows to be processed.

What is LayerZero?

Before deciding whether to buy LayerZero (ZRO) or not, it is useful to understand how it works. To explain the concept of omnichain interoperability in simple words, we can say that LayerZero helps several blockchains communicate and exchange resources without using intermediaries, such as bridges. This is achieved thanks to two types of actors: relayers, which transport messages from one blockchain to another, and oracles, which play the role of ‘arbiters’ and confirm what is reported by the relayers, ensuring that the information transferred is correct.

As its name implies, LayerZero operates on a ‘lower’ level than the main blockchains we know, i.e. it lies, on a conceptual level, below them. It is, therefore, not a blockchain but a linking technology that networks use to communicate with each other.

Finally, buying LayerZero might make sense when analysing the venture capital that financed the project in its early stages. This blockchain-based interoperability protocol has raised $120 million from leading industry funds such as a16z, Sequoia Capital, Circle Ventures, Samsung Next, OpenSea and Christie’s, the world’s leading auction house.