LayerZero Says Zero Blockchain Can Handle More Than 5 Million Transactions a Second
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LayerZero said its proprietary layer-1 blockchain, Zero, can process as many as 5 million transactions per second.
Crypto Briefing reported on August 31 that LayerZero said Zero can handle more than 5 million transactions per second through horizontal scaling.
Rather than pushing a single blockchain to extreme speeds, Zero runs multiple independent transaction-processing zones in parallel. Each zone can process as many as 2 million transactions per second, the company said.
LayerZero also separated transaction execution from verification. High-performance hardware handles transaction processing, while verification uses zero-knowledge, or ZK, proofs so it can run on relatively lightweight machines. The company said the cost per transaction is about $0.0001.
On August 25, LayerZero unveiled ATLAS, a transaction infrastructure built on the Zero blockchain. The company said ATLAS initially supports throughput of 200,000 transactions per second and latency of less than 1 millisecond.
Citadel Securities, the Depository Trust & Clearing Corporation, Intercontinental Exchange and Google Cloud are listed as institutional partners for ATLAS, according to the company. Tether's USDt0 also runs on the infrastructure.
LayerZero had been known for its cross-chain protocol connecting messages and asset transfers across different blockchains. This year, it has expanded into building its own layer-1 blockchain.
