According to an announcement shared with Bitcoin.com News, this integration represents an advancement in the blockchain space, linking Flare with 75 blockchains, including Ethereum and Solana. Flare’s team noted that this connection grants Flare access to over 50,000 dapps that use Layerzero’s cross-chain messaging standards. Additionally, Flare explained that it enables secure and decentralized data sharing across these networks.

“Deployment of Layerzero V2 will help accelerate Flare’s expansion, paving the way for builders to develop a wide variety of innovative interoperable products,” Flare co-founder Hugo Philion stated in communications shared with our newsdesk on Wednesday. “Of great interest to me is the ability of LayerZero to help Flare facilitate a cross-chain money market, leveraging in addition, the integration on Flare of non smart contract tokens, such as [bitcoin].”

Layerzero’s cross-chain messaging protocol enables the secure transmission of information between blockchains for dapps. As stated in the report, the protocol has managed over 134 million cross-chain messages and bridged $50 billion in digital assets. Recently, Stargate Finance, a native asset bridge, recorded nearly $800 million in transaction volume, highlighting the protocol’s increase in activity.

The integration also offers “key advantages” with Layerzero V2’s modular security stack, which includes Decentralized Verifier Networks (DVNs). Bitcoin.com News was informed that this feature allows dapps on Flare to tailor their security and efficiency needs, balancing them as required. Flare’s enshrined data protocols further enhance these interactions, positioning Flare as a potentially influential DVN on Layerzero V2

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