Nethermind Leaves LayerZero Verifier Role for Chainlink
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7 Articles
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Nethermind leaves LayerZero verifier role for Chainlink
Nethermind has ended its LayerZero verifier role and moved its cross-chain operations to Chainlink after reviewing the two infrastructure providers. Nethermind said Wednesday that it had migrated away from its decentralized verifier network operations and joined Chainlink as a node…
LayerZero has lost a dozen partnerships this year
Blockchain interoperability project LayerZero has lost a dozen partners this year as its ZRO token shed a third of its value. The latest departure, Ethereum node service provider Nethermind, ran one of the verifiers that LayerZero advertised to enterprise users. It migrated to one of LayerZero’s competitors and terminated its role as verifier on Wednesday. It joins a long list. Kelp DAO exited LayerZero in May after it lost $292 million through…
Nethermind Leaves LayerZero to Become a Chainlink Node Operator in a Widening $15 Billion Exodus
Nethermind, the firm behind Ethereum’s largest execution client, has left its role as a LayerZero verifier and joined Chainlink as a node operator securing its Cross-Chain Interoperability Protocol and Data Feeds. Every earlier departure in the roughly $15 billion...
Key Points of the News Cross-Border Change: Nethermind leaves its role of verifier in LayerZero and migrates its operations to Chainlink after a thorough review. Security Context: Nethermind's movement follows months of industry rearrangement after Kelp DAO's rsETH exploit that caused $292 million in losses. Long-term strategy: The company will operate as a Chainlink node provider, expand its engineering support, and continue to develop infrastr…
Nethermind Transitions Cross-Chain Infrastructure from LayerZero to Chainlink
Key Highlights Nethermind transitions cross-chain infrastructure to Chainlink following comprehensive evaluation. The company becomes a Chainlink node operator, providing support for CCIP and Data Feeds. Chainlink secures another prominent partner for cross-chain infrastructure services. Nethermind discontinues its LayerZero verifier operations to concentrate on CCIP. The partnership adds Nethermind’s Ethereum development capabilities to Chainl…
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