ShimmerEVM Enhances IOTA Cross-Chain Capabilities with LayerZero

• ShimmerEVM of IOTA Network Integrates LayerZero's Cross-Chain Messaging Technology
• Shimmer Bridge: Connecting to Other Blockchains
• LayerZero: Linking Over 50 Blockchains
• ShimmerEVM: Part of the IOTA Ecosystem

ShimmerEVM of IOTA Network Integrates LayerZero's Cross-Chain Messaging Technology

ShimmerEVM, a software of the IOTA$0.296 5.51% Network, is incorporating LayerZero's cross-chain messaging functionality. This integration will facilitate users to engage and perform transactions across numerous networks, according to a recent announcement.

Shimmer Bridge: Connecting to Other Blockchains

The Shimmer bridge, a feature that enables value transfer between various blockchains including Ethereum$2,315 -2.42%, Binance Smart Chain, Polygon$0.967 -3.65%, Avalanche, Fantom$0.481 0.52%, Base, Arbitrum and Optimism$3.67 -1.41%, is initiating its connection to other networks. This expansion of connectivity significantly enhances the potential of ShimmerEVM, allowing for the exchange of assets and data across any application developed on blockchains backed by LayerZero, an interoperability protocol.

LayerZero: Linking Over 50 Blockchains

LayerZero establishes connections among more than 50 blockchains. This capability provides developers the opportunity to create applications, tokens, and experiences that are not confined to a single blockchain.

ShimmerEVM: Part of the IOTA Ecosystem

ShimmerEVM is a component of Shimmer, a blockchain within the IOTA ecosystem. Shimmer allows developers to build applications and leverage features that are not yet accessible on the IOTA mainnet. This development occurs before their applications are transitioned to the main IOTA network.

Edited by Jonathan Stoker