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Details: ht
[#LayerZero](/en/square/hashtag/LayerZero) is a fundamental layer that serves as a foundation for the interaction of multiple blockchains (level 1). It can be thought of as the basic infrastructure that allows various blockchain networks to connect, exchange information, and efficiently share resources. While the upper levels (level 1 and level 2) deal with transaction processing and scalability, the zero level focuses on the interconnection and communication between these different networks.
Key characteristics of zero level:
1. Interoperability: Ensures the possibility of communication and data exchange between different blockchains.
2. Scalability: Facilitates the expansion of networks without overloading a single blockchain.
3. Flexibility: Supports the creation and integration of multiple individual blockchains.
4. Overall security: Implements security mechanisms that benefit all connected blockchains.
Top 5 tokens related to the zero level
Here are five leading tokens associated with layer zero projects, along with a brief explanation for each:
1. Polkadot [$DOT](/trade/DOT_USDT?contentId=14437206496154)
• Description: Polkadot is one of the most well-known layer zero platforms. It uses a main "Relay Chain" that connects multiple "parachains" (specialized blockchains), allowing them to interact and provide shared security.
• Application of token (DOT):
• Management: Participation in decision-making regarding network upgrades.
• Staking: Ensuring network security through staking.
• Transaction fees: Payment of fees within the Polkadot network.
2. Cosmos [$ATOM](/trade/ATOM_USDT?contentId=14437206496154)
• Description: Cosmos creates an "ecosystem of interconnected blockchains," called "zones," that communicate through a central "hub," using the IBC (Inter-Blockchain Communication) protocol.
• Application of the token (ATOM):
• Governance: Voting on network development proposals.
• Staking: Ensuring network security and validating transactions.
• Transaction fees: Payment of fees for operations in the Cosmos network.
3. LayerZero [$ZRO](/trade/ZRO_USDT?contentId=14437206496154)
• Description: LayerZero Labs has developed a layer zero infrastructure that enables direct communication between different blockchains in a decentralized manner, without relying on intermediaries.
• Application of the token (ZRO):
• Management: Participation in decision-making for network development.
• Payment of fees: Coverage of fees for communication between blockchains.
• Stimulation: Rewarding developers and validators who support the network.
4. Quant (QNT)
• Description: Quant is developing the Overledger technology, which provides interoperability between different blockchains, securely and efficiently connecting public and private networks.
• Application of the token (QNT):
• Licensing: Companies pay QNT for the use of Overledger technology.
• Management: Participation in decisions regarding the development of the platform.
• Internal payments: Facilitates transactions on the Quant network.
5. Avalanche (AVAX)
• Description: Avalanche is often classified as a layer 1 solution due to its own consensus and the ability to create subnets. However, its highly flexible architecture and ability to connect multiple subnets make it significant in the context of layer zero.
• Application of the token (AVAX):
• Management: Participation in decisions regarding network updates and improvements.
• Staking: Ensuring network security and validating transactions.
• Transaction fees: Payment of fees for executing contracts and transactions on the Avalanche network.
Concluding remarks
Although the difference between the zero level and level 1 may be subtle, the listed projects play a crucial role in laying the foundation for ensuring interoperability between different blockchains. These tokens are essential for connecting networks and facilitating their effective interaction, creating a more integrated and flexible ecosystem.
LayerZero (ZRO), along with projects such as Polkadot, Cosmos, Quant, and Avalanche, are examples of solutions aimed at improving communication and security between blockchains, contributing to the creation of a more reliable and scalable blockchain infrastructure.
What is your attitude towards the concept of zero level? Do you see value in networks that prioritize interconnectivity?