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Brace yourselves! Layer Zero Blockchains will be the talk of 2023.
After 12 hours of research, I can confidently say that they will change the game.
Are you ready for a deep dive into the L0 ecosystem? 🤿
Megathread🧵:

Lately, everyone seems to be talking about @LayerZero_Labs & @VenomFoundation's airdrops.
However, I'm sure, many people don't even know what L0 blockchains are and what they're all about.
To truly profit from this, you need to understand how it works from the inside. 👀

@LayerZero_Labs @VenomFoundation That thread covers:
➲ Explanation of different blockchain layers
➲ Definition and Importance of L0
➲ Consensus Mechanisms
➲ Network Protocols
➲ Governance Models
➲ Layer Zero Security
➲ Layer Zero Projects and Examples
➲ Future Outlook
➲ Conclusion

@LayerZero_Labs @VenomFoundation 1/➮ Explanation of different blockchain layers:
L0: The foundation for multiple Layer 1 blockchains.
L1: Base blockchains for building applications like DApps.
L2: Scaling solutions on L1 blockchains.
L3: Application layer for blockchain-based DApps, games, wallets, etc.

@LayerZero_Labs @VenomFoundation 2/➮ Definition and Importance of L0:
Layer zero refers to the basic infrastructure of blockchain networks.
It forms the foundation of blockchain technology, supporting decentralized networks to function securely and efficiently.

@LayerZero_Labs @VenomFoundation Layer 0 protocols address the limitations of monolithic Layer 1 networks like Ethereum.
They provide a flexible infrastructure that allows developers to launch customized blockchains, aiming to improve scalability and interoperability.

@LayerZero_Labs @VenomFoundation The importance of layer zero in the blockchain ecosystem cannot be overstated. Here are a few key reasons why layer zero is crucial:
✧ Scalability
✧ Security
✧ Decentralization
✧ Interoperability
✧ Innovation and Flexibility

@LayerZero_Labs @VenomFoundation 3/➮ Consensus Mechanisms:
They are crucial in L0 for achieving agreement on transaction validity and order.
[Various mechanisms exist, each with its own approach to validating transactions and ensuring blockchain integrity.
Here are some commonly used mechanisms:

@LayerZero_Labs @VenomFoundation 1/5: Proof of Work (PoW):
PoW (Proof of Work) is a widely used consensus mechanism, notably in Bitcoin.
Miners compete to solve complex mathematical puzzles, validating transaction blocks.
It ensures security through computational effort and prevents double-spending attacks.

@LayerZero_Labs @VenomFoundation 2/5: Proof of Stake (PoS):
Energy-efficient alternative to PoW.
Participants hold and stake cryptocurrency as collateral to become validators. Validators are selected based on the amount of cryptocurrency they hold and stake.
This mechanism promotes network security.

@LayerZero_Labs @VenomFoundation 3/5: Delegated Proof of Stake (DPoS):
nstead of all token holders validating blocks, a limited number of elected delegates do it on behalf of the network.
Delegates are chosen through voting, and they take turns producing blocks.

@LayerZero_Labs @VenomFoundation DPoS enables faster transaction confirmations but relies on trust in the elected delegates.

@LayerZero_Labs @VenomFoundation 4/5: Practical Byzantine Fault Tolerance (PBFT):
It used in permissioned blockchains with known and trusted participants.
Validators reach consensus on transaction validity, requiring a two-thirds majority agreement.

@LayerZero_Labs @VenomFoundation PBFT provides fast transaction finality and high throughput but relies on a fixed number of validators.

@LayerZero_Labs @VenomFoundation 5/5: Proof of Authority (PoA):
Involves a limited number of pre-approved validators who validate transactions and add them to the blockchain.
Validators are usually known entities or organizations with established identities.

@LayerZero_Labs @VenomFoundation PoA offers fast block confirmations and scalability but sacrifices some decentralization compared to other mechanisms.

@LayerZero_Labs @VenomFoundation These are just a few examples of consensus mechanisms used in L0.
Each mechanism has its own trade-offs in terms of security, scalability, decentralization, energy efficiency, and governance.
Choosing an appropriate consensus mechanism depends on the specific requirements.

@LayerZero_Labs @VenomFoundation 4/➮ Network Protocols:
In L0 they enable communication and data transmission between network nodes.
They establish rules and standards for transmitting, receiving, and managing data packets, ensuring reliable communication.

@LayerZero_Labs @VenomFoundation Here are some commonly used protocols:
✧ Transmission Control Protocol/Internet Protocol (TCP/IP)
✧ User Datagram Protocol (UDP)
✧ Hypertext Transfer Protocol (HTTP)
✧ WebSockets
✧ InterPlanetary File System (IPFS)
✧ Peer-to-Peer (P2P) Protocols

@LayerZero_Labs @VenomFoundation Blockchain can use a mix of protocols to meet its communication needs.
Protocol selection depends on factors like scalability, real-time requirements, and specific project use cases.
Custom protocols may also be developed to enhance performance or other network features.

@LayerZero_Labs @VenomFoundation 5/➮ Governance Models:
Governance models in layer zero of blockchain networks decide how decisions are made and protocols are updated.
They determine how participants can influence the project's direction.

@LayerZero_Labs @VenomFoundation Here are some commonly seen governance models in blockchain:
✧ On-Chain Governance
✧ Off-Chain Governance
✧ Decentralized Autonomous Organizations (DAOs)
✧ Foundation-Based Governance
✧ Hybrid Governance
It's worth noting that governance models can vary significantly

@LayerZero_Labs @VenomFoundation The governance model chosen depends on factors like project goals, community dynamics, scalability needs, and desired decentralization.
These models promote transparency, inclusivity, and community engagement, allowing stakeholders to have a vote in shaping the project's future.

@LayerZero_Labs @VenomFoundation 6/➮ Layer Zero Security:
Layer zero security involves implementing measures in the underlying infrastructure of blockchain networks to safeguard the system's protection, integrity, and resilience.

@LayerZero_Labs @VenomFoundation Here are some important aspects of layer zero security:
✧ Cryptographic Techniques
✧ Consensus Algorithm Security
✧ Network Security
✧ Audits and Code Reviews
✧ Bug Bounties and Vulnerability Disclosure Programs
✧ Security Best Practices
✧ Community Vigilance

@LayerZero_Labs @VenomFoundation Layer zero security is crucial for protecting the integrity, confidentiality, and availability of blockchain networks.

@LayerZero_Labs @VenomFoundation Strong cryptography, robust consensus algorithms, network security measures, and best practices help mitigate risks and create a secure foundation for decentralized applications and transactions.

@LayerZero_Labs @VenomFoundation 7/➮ Layer Zero Projects and Examples:
✧ @LayerZero_Labs
✧ @VenomFoundation
✧ @Polkadot
✧ @cosmos
✧ @avax
✧ @Cardano
Let's take a closer look at each one:

@LayerZero_Labs @VenomFoundation @Polkadot @cosmos @avax @Cardano 1/6➢ @LayerZero_Labs:
LayerZero is a user application that runs a configurable on-chain endpoint called ULN. It relies on two parties, the Oracle and the Relayer, to transfer messages between on-chain endpoints.

@LayerZero_Labs @VenomFoundation @Polkadot @cosmos @avax @Cardano When a user application sends a message from one blockchain (chain A) to another (chain B), the message is routed through the endpoint on chain A. The endpoint informs the specified Oracle and Relayer about the message and its destination chain.

@LayerZero_Labs @VenomFoundation @Polkadot @cosmos @avax @Cardano The Oracle sends the block header to the endpoint on chain B, and the Relayer submits the transaction proof. The proof is verified on the destination chain, and the message is forwarded to the intended address.

@LayerZero_Labs @VenomFoundation @Polkadot @cosmos @avax @Cardano LayerZero Labs has raised a substantial amount of money and is one of the most anticipated projects in 2023.
Their airdrop has the potential to be one of the largest in history.
Here is a strategy on how to obtain it at the lowest cost from @leshka_eth👇

@LayerZero_Labs @VenomFoundation @Polkadot @cosmos @avax @Cardano @leshka_eth 2/6➢ @VenomFoundation
Venom Blockchain utilizes the Threaded Virtual Machine (TVM) for efficient and scalable account interactions.
TVM employs the Actor model to isolate and parallelize actors, enabling efficient handling of complex distributed systems.

@LayerZero_Labs @VenomFoundation @Polkadot @cosmos @avax @Cardano @leshka_eth The dynamic sharding protocol further enhances efficiency by grouping accounts into shards, enabling asynchronous execution of contracts.

@LayerZero_Labs @VenomFoundation @Polkadot @cosmos @avax @Cardano @leshka_eth Venom is a highly promising project with an impressive $1 billion investment in its ecosystem.
They have allocated 22% of their token supply for community rewards.
Airdrop is extra probable. Airdrop strategy from the incredible @AlphaFrog13:

@LayerZero_Labs @VenomFoundation @Polkadot @cosmos @avax @Cardano @leshka_eth @AlphaFrog13 3/6➢ @Polkadot
Polkadot is a multi-chain network that enables interoperability among various blockchains. It facilitates the transfer of assets and data across multiple chains, ensuring scalability, security, and compatibility.

@LayerZero_Labs @VenomFoundation @Polkadot @cosmos @avax @Cardano @leshka_eth @AlphaFrog13 Polkadot's shared security model connects multiple parachains to a central Relay Chain, providing security and consensus. This promotes scalability and allows for specialized chains to be created for specific purposes.

@LayerZero_Labs @VenomFoundation @Polkadot @cosmos @avax @Cardano @leshka_eth @AlphaFrog13 4/6➢ @cosmos
Cosmos is L0 project that prioritizes interoperability among different blockchain networks.
Its goal is to establish an Internet of Blockchains, enabling seamless communication and transactions.

@LayerZero_Labs @VenomFoundation @Polkadot @cosmos @avax @Cardano @leshka_eth @AlphaFrog13 Cosmos utilizes the Tendermint consensus algorithm for efficient and secure block validation. Through its Inter-Blockchain Communication (IBC) protocol, assets and data can be transferred across interconnected blockchains.

@LayerZero_Labs @VenomFoundation @Polkadot @cosmos @avax @Cardano @leshka_eth @AlphaFrog13 Cosmos emphasizes modularity, enabling developers to create custom blockchains and applications that seamlessly interact with other chains in the Cosmos ecosystem.

@LayerZero_Labs @VenomFoundation @Polkadot @cosmos @avax @Cardano @leshka_eth @AlphaFrog13 5/6➢ @avax
Avalanche is L0 project focused on achieving scalability, low latency, and decentralization.
It utilizes the Avalanche consensus protocol, enabling fast block confirmations and high transaction throughput.

@LayerZero_Labs @VenomFoundation @Polkadot @cosmos @avax @Cardano @leshka_eth @AlphaFrog13 A notable feature of Avalanche is its customizable subnets, which are independent blockchains connected to the main network.
These subnets can have their own consensus rules, governance mechanisms, and virtual machines, allowing for the creation of specialized DeApps.

@LayerZero_Labs @VenomFoundation @Polkadot @cosmos @avax @Cardano @leshka_eth @AlphaFrog13 6/6➢ @Cardano
Cardano is a blockchain platform that focuses on security, scalability, and decentralized application development. It emphasizes scientific research and peer-reviewed methodologies to ensure reliability.

@LayerZero_Labs @VenomFoundation @Polkadot @cosmos @avax @Cardano @leshka_eth @AlphaFrog13 Cardano's layered architecture separates the settlement layer (CSL) for transactions and the computation layer (CCL) for smart contracts and applications.
The platform utilizes the Ouroboros proof-of-stake consensus algorithm, with a rigorous peer-review process for upgrades.

@LayerZero_Labs @VenomFoundation @Polkadot @cosmos @avax @Cardano @leshka_eth @AlphaFrog13 Scalability is achieved through sidechains and off-chain protocols, optimizing resource allocation.
Cardano also prioritizes interoperability, aiming to establish connections with other blockchains for cross-chain communication and asset transfers.

@LayerZero_Labs @VenomFoundation @Polkadot @cosmos @avax @Cardano @leshka_eth @AlphaFrog13 8/➮ Future Outlook:
The future of layer zero crypto projects holds great promise as they evolve to address blockchain challenges.
Key areas of focus include interoperability, scalability, governance, privacy and security, developer ecosystems, integration, sustainability.

@LayerZero_Labs @VenomFoundation @Polkadot @cosmos @avax @Cardano @leshka_eth @AlphaFrog13 Advancements in cross-chain communication, performance, decentralized governance, privacy techniques, and developer tools will drive adoption and industry collaboration. Integration with traditional systems and sustainable practices will also be prioritized.

@LayerZero_Labs @VenomFoundation @Polkadot @cosmos @avax @Cardano @leshka_eth @AlphaFrog13 Overall, layer zero projects will transform how we transact, share data, and collaborate in the digital era.