Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Across founder: LayerZero overuses centralized services

Across founder: LayerZero overuses centralized services

CointimeCointime2023/10/27 15:30
By:Cointime

Hart Lambur, the founder of Across Protocol, posted on X platform stating: "In mid-September, I criticized LayerZero's decision to use Google's centralized oracle as the default option, especially since they continue to promote their service as 'decentralized'. Yesterday, LayerZero deployed an unauthorized wstETH bridge using the same centralized Google oracle, but marketed it as an official (decentralized) deployment, which made many members of the Lido community uneasy. LayerZero seems to have a history of marketing products but is unwilling to discuss the technical details and considerations behind them. This is detrimental to our industry, and I am tired of it."

Earlier reports stated that the cross-chain interoperability protocol LayerZero has launched the ability to move stETH tokens (wstETH) from Lido Finance, a liquidity staking protocol, across Ethereum, Avalanche, BNB Chain, and Scroll through LayerZero.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Avalanche9000 Upgrade Goes Live, Boosting Web3 Development

Avalanche, a fast-growing blockchain, has just launched its biggest upgrade ever, called Avalanche9000.

Altcoinbuzz2024/12/18 23:35