Co-Founder and CTO @LayerZero_Labs
Vancouver, British Columbia
Joined March 2012
- Tweets872
- Following458
- Followers14.3K
- Likes1.2K
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Zero is the first multi-core decentralized world computer. Each core is capable of 2 million TPS and the blockchain scales horizontally to near infinity.
It lives up to everything we stand for:
- Decentralized
- Permissionless
- Censorship-resistant
🧵
raz retweeted
Ethereum using non-standard cryptography a second time around (for post-quantum) would be a big mistake
We could have had every iPhone act as a hardware wallet with Apple Wallet support if Ethereum had used standardized cryptography. Let’s fix this now instead of repeating it
Wait until you see what we do with it.
New from LayerZero Research: Aerie.
A new system capable of aggregating 32,000 post-quantum Falcon signatures in just 0.65 seconds on a MacBook Pro.
ML-DSA, NIST’s standardized default, is already working inside Aerie at high performance.
layerzero.network/blog/intro…
raz retweeted
New from LayerZero Research: Aerie.
A new system capable of aggregating 32,000 post-quantum Falcon signatures in just 0.65 seconds on a MacBook Pro.
ML-DSA, NIST’s standardized default, is already working inside Aerie at high performance.
layerzero.network/blog/intro…
raz retweeted
New from LZ Research: Too Late to Slash
Today we’re sharing a new paper challenging a common belief: slashing backs the security of proof-of-stake blockchains.
Read the full research paper:
layerzero.network/blog/too-l…
raz retweeted
How fast is "sub-millisecond"?
See for yourself: layerzero.network/blog/bette…
raz retweeted
Little known fact but @chainlink was one of the first to build a LayerZero v1 DVN. 4 years later, @LayerZero_Core messages are still the #1 sender within their infrastructure. Cool to see the longevity here and shows just how sticky LayerZero is!
#CCIP today
Value transferred: $13,512,588.1
Top sent token: SYRUPUSDG: $4,648,329.5 (34.4%)
Transactions: 1,031
Fees: $927.6
Top sender: @LayerZero_Core CCIP DVN Adapter: Tx: 89 (8.6%), Fees: $76.5 (8.2%)
Pools open. Stake your LINK today at stake.link
raz retweeted
Stablecoins have gone $5B -> $320B since 2020 (63x)
RWAs have gone $16m -> $38B since 2020 (2375x)
The most bearish RWA projection is $2T by 2030 (@McKinsey), the most bullish is $30T (@StanChart).
Stablecoins are projected to be $3T by 2030
RWAs as % of stablecoin supply have gone from 0.1% -> 1% in less than a year
RWAs are now held by almost 5M people (up 50% in just the past month alone), tokenized equities >3M people.
If you're not bullish looking at these #s with what blockchains are about to do to finance I don't know what to tell you
RWAs have grown 2000x in the last six years: @PrimordialAA
And the DTCC has a mandate to tokenize $100T in assets.
"It is completely unhinged as a mandate, when you think about it."
raz retweeted
Regulated stablecoins, everywhere.
@Anchorage, home to America’s first federally chartered crypto bank, has selected LayerZero as its interoperability partner for regulated stablecoin issuance.
raz retweeted
New from LayerZero Research - Challenging Poseidon
Today we’re sharing two new papers outlining a number of structural weaknesses in Poseidon, one of the most widely used hash functions in zero-knowledge proving systems.
layerzero.network/blog/chall…
raz retweeted
There are a series of posts today talking about Wyoming/FRNT that is so wildly hyperbolic and 'hit-piece-y' it feels like we must respond to it.
Here is the exact history
- We deployed the FRNT token on Solana on behalf of Wyoming. They had requested for it to be deployed with 'All extensions initialized'
- We handed over all related Token2022 extensions except for the 'Scaled UI Amount authority' that was missed by both Wyoming and us.
- This extension is UI scalar amount only. It can not mint, burn, freeze, seize, pause, transfer funds, change token supply, or modify raw balances. It was never modified and remained at 1 for the entire period.
- As soon as it was flagged that this had not been transferred, it was transferred to Wyoming within 24 hours
DLP5sGaLm596Fa8PCNPYNofFK1cZxzME7csK3xBsABCT
→
3FL7iZaerXVygpPAFtXyxoCGdoUt11eiSBYkko6mMD8x
The 'Scaled UI Amount Authority' is a view-only metadata account. There is also a claim that the key to this function was lost which is both wrong and a strange claim to make given you can see it being transferred on-chain and it was less than 24 hours from request to confirmed transfer.
As always I have nothing bad to say about @wyostable. I think they've been trying something really innovative and I wish them nothing but the best of luck. I continue to be a champion of what @wyoapollo and team are trying to do.
raz retweeted
Introducing Akita, the first production-ready, lattice-based polynomial commitment scheme for post-quantum security.
It’s the first major step in making Zero quantum-secure, and will be implemented in Jolt on day one, thanks to our partnership with @a16zcrypto.
Read the full research paper:
layerzero.network/blog/intro…
raz retweeted
Most investors do not appreciate the important role that @LayerZero_Core is playing in crypto messaging and interoperability. I am so impressed with the vision of Bryan, Simon, and the team.
Messaging/interop protocols have been critical infra since the proliferation of L1s, app-specific chains, and the rollup-centric roadmap.
As many more assets move on-chain, the need for ubiquitous interoperability only grows exponentially.
It's becoming pretty clear to me that @LayerZero_Core 's interop business ALONE will probably grow into nine-figure ARR very quickly.
Much more to come from the team.
raz retweeted
"We're starting with hundreds of thousands of transactions per second, but we know we're able to horizontally scale to five million, ten million and beyond. That's what this architecture allows that legacy architectures can't accommodate."
- @Bakxys on @Genfinity
raz retweeted
We are building ATLAS to do for global markets what interoperability and the OFT have done for global money.
Some of the world's largest institutions have been actively building on & testing ATLAS and we repeatedly hear they are blown away.
Excited to expand testnet access
The world’s markets are undergoing a once in a generation transition.
We’ve spent the last year building ATLAS (Aggregated Trading Liquidity and Settlement), a first-of-its kind, headless exchange designed for the future of global markets. It combines the performance and fairness of a traditional exchange with the verifiability and self-custody of a decentralized exchange. The best of a CEX meets the best of a DEX.
ATLAS has been built alongside the world’s leading financial institutions and is designed to deliver fair, performant markets around the globe. It delivers deep, global liquidity for both open and institutional trading venues.
Six months ago, we announced Zero, the last blockchain. Designed to scale to the demands of Web2 with the security and decentralization of Web3, Zero unlocks use cases not possible before it.
One of those use cases, we are announcing today. ATLAS (Aggregated Trading Liquidity and Settlement) is a universal backend for global markets, both open and institutional. It delivers a first-of-its-kind, TradFi-performant backend on a decentralized blockchain. We call it a backend because it’s completely headless: there’s no frontend or consumer application. Instead, trading venues build directly on top of our infra, which collapses matching, clearing, settlement, and risk into a single stack. Trading venues build and own the product experience; ATLAS handles the rest.
ATLAS leverages the full breadth of everything Zero has to offer. It delivers sub-millisecond latency and throughput that far exceeds what the market demands today.
ATLAS is the first of many innovations Zero will have to offer in the coming months. Stay tuned...
