IOTA has successfully integrated LayerZero’s cross-chain messaging protocol with its Ethereum Virtual Machine (EVM), allowing for seamless communication and asset transfers across more than 50 distributed ledger technologies (DLTs).
This integration highlights IOTA’s dedication to creating a developer-focused environment and connecting its ecosystem with the wider blockchain community. It represents a significant step towards interoperability by incorporating LayerZero’s cross-chain messaging protocol into the IOTA EVM, following its previous integration with the Shimmer network in late 2023.
By implementing LayerZero’s immutable V2 Endpoint on IOTA EVM, developers now have the ability to build omnichain applications. They can leverage the LayerZero protocol for cross-chain messaging and asset transfers, integrating OFT and ONFT standards.
Furthermore, the LayerZero V2 protocol enables seamless and permissionless interaction with a diverse range of over 50 DLTs currently supported by IOTA EVM.
In a recent announcement, IOTA highlighted the benefits of the integration of LayerZero’s cross-chain messaging protocol with IOTA EVM. Developers can now create omnichain applications, utilize cross-chain messaging, and seamlessly interact with more than 50 DLTs on IOTA EVM.
This integration not only enhances IOTA’s technological capabilities but also solidifies its position as a hub for innovative decentralized applications (dApps) and DeFi solutions. It opens up new opportunities for cross-chain collaboration, fostering growth within the blockchain ecosystem and supporting the expansion of dApps, yield opportunities, and various projects within IOTA’s ecosystem.
With the increased interoperability provided by LayerZero, IOTA is moving towards a more integrated and interoperable Web3 landscape, benefiting a wide range of users and developers.
The launch of the IOTA Ethereum Virtual Machine (EVM) in June is highly anticipated by the IOTA community. To ensure a secure launch, the IOTA Foundation engaged Zokyo, a leading security auditing firm, to conduct a thorough audit of the IOTA Smart Contracts (ISC) in March 2024.
Zokyo’s audit focused on identifying security vulnerabilities, assessing business logic, and evaluating technical risks associated with the smart contracts. The audit process aimed to ensure that the IOTA Smart Contracts Protocol adheres to best practices, is protected against vulnerabilities, and implements secure methods to prevent reentrancy attacks.
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