September 12, 2023 at 12:44 GMTModified date: September 12, 2023 at 12:44 GMT
September 12, 2023 at 12:44 GMT

Google Cloud to serve LayerZero as default oracle for verifying messages

LayerZero has joined with Google Cloud in a collaboration aimed at securing messages on the its network.

Google Cloud to serve LayerZero as default oracle for verifying messages

LayerZero has joined hands in a new collaboration with Google Cloud to create a secure cross-chain environment and accelerate enterprise adoption of Web3. Google Cloud will now be the default oracle for securing messages on the LayerZero network.

Set to be configured as its default on 19 September, the purpose-built verifier Google Cloud has been made available to all LayerZero applications. Every message within LayerZero will now leverage the secure infrastructure of Google Cloud where it will verify the validity of them by default.

Head of Web3 at Google Cloud, James Tromans, commented on the tie-up saying: “Core to Google Cloud’s Web3 strategy is to collaborate with protocols that bring unique capabilities to the community and help make it easier for developers to build and scale applications on that network.

“Teaming up with LayerZero as an oracle across 15 chains will not only enhance the security of LayerZero’s cross-chain messaging capabilities but further accelerate its commitment to Web3 interoperability and enterprise adoption.”

This also means that the developers building decentralised applications (dApps) on top of LayerZero will now be able to use the Google Cloud oracle to verify transactions. LayerZero Labs, which is the team behind cross-chain messaging protocol LayerZero, explained the working of the high performing cloud infrastructure as follows: “The Google Cloud oracle is meant to serve as the https of cross-chain messaging. Just like they verify all https certificates to attest to the validity of the website, The Google Cloud oracle is now additionally verifying all LayerZero messages by default.”

LayerZero is an interoperability protocol that allows for seamless communication such as transferring data, assets, and information between blockchains without compromising security. It is a User Application (UA) configurable on-chain endpoint that runs a Ultra Light Node (ULN), which gives the security of a light node with the cost-effectiveness of middle chains. LayerZero relies on two parties to transfer messages between on-chain endpoints: the Oracle and the Relayer.

Until the recent tie-up with Google Cloud, LayerZero offered developers their choice of verifiers called oracles to secure dApps cross-chain functionality. Each oracle is a distinct network that approves or vetoes cross-chain messages according to their validation logic.

From now on, the Google Cloud oracle will verify messaging across 15 chains, including Ethereum, Arbitrum, Optimism, Polygon, BNB, and Avalanche. LayerZero has shown significant stride in adoption ever since its inception in March 2022 and now boasts over processing roughly 10 million messages per month. It has also scaled its systems to handle more than 40 billion monthly Remote Procedure Calls (RPC) calls, relying on Google Cloud’s fully managed node hosting product, Blockchain Node Engine (BNE) as a core provider for its RPC connections.

Backed by leading venture capital firms including a16z, Sequoia, Binance Labs, Christie’s, Lightspeed, Opensea, Bond, Samsung Next, and GBV, LayerZero was recently valued at $3billion. With over 24,000 different contracts utilising its omnichain infrastructure, the application has experienced over $20bn bridged across its platform.

CEO of LayerZero Labs, Bryan Pellegrino, talked about utilising Google Cloud’s infrastructure saying: “Google Cloud is the perfect partner to act as the default verifier securing messaging, as they have been a leader in security for multiple decades and now bring that same quality to the core of the LayerZero protocol. From inception, we designed LayerZero to provide ultimate optionality for a truly decentralised architecture. With LayerZero’s exponential growth to now handling more than 95% of all cross-chain messaging, Google Cloud is the perfect partner to act as the default oracle.”