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- The innovative use of IOTA’s distributed ledger ensures trust score reliability, immutability, and resilience against manipulation or failures in a network of computing nodes.
- In a significant move to address blockchain interoperability challenges, LayerZero integrates seamlessly with the Shimmer network, particularly within ShimmerEVM.
The IOTA Foundation has been one of the active players in revolutionizing smart cities by using its distributed ledger technology (DLT) for several real-life use cases. Blockchain researcher Collin Brown has recently stated that IOTA’s DLT and tech featured in a groundbreaking patent from Johns Hopkins University that talks about building machine-to-machine trust by integrating DLT and IOTA tech.
🌆🏙️ Revolutionizing #SmartCities with #IOTA! 🚀🚀@JohnsHopkins unveils groundbreaking patent integrating Distributed Ledgers and @IOTA tech for rock-solid Machine-to-Machine trust. 🤖🔗
Learn more: https://t.co/cBVaTn1QvT 💡 #Innovation #IoT #TechAdvancement pic.twitter.com/YhWttKNRZP
— Collin Brown (@CollinBrownXRP) December 28, 2023
In an insightful revelation, blockchain researcher Colling Brown delves into a patent that outlines a fascinating approach to maintaining the trustworthiness of trust scores within a network. According to Brown, the patent highlights the use of a distributed ledger, which could be a blockchain and/or leverage IOTA™ technology like Tangle.
The application of this distributed ledger involves employing data structures such as a linked list or a directed acyclic graph, depending on the specific use case. Smart contract functions facilitate the publishing of determined trust scores to the distributed ledger, ensuring reliability and immutability.
This innovative approach not only guards against manipulation but also provides resiliency against machine-based or network-based failures, offering a network-wide and quorum-based recordation of trust scores for the entire network of computing nodes.
IOTA’s ShimmerEVM Integrates With LayerZero
In a groundbreaking move addressing a critical challenge in the blockchain landscape, LayerZero, a dedicated protocol for solving interoperability issues, is now seamlessly integrating with the Shimmer network. This integration, embedded within ShimmerEVM, marks a significant milestone in enriching its ecosystem by fostering smooth communication channels between diverse blockchain networks.
Shimmer has consistently championed the cause of seamless cross-chain communication through its inherently interoperable architecture. This innovative approach allows distinct blockchain chains to interact seamlessly, empowering users and developers to fully leverage the unique features of each chain. The result is an improved user experience and the creation of superior decentralized applications (dApps) and decentralized finance (DeFi) tools.
Excitingly, the integration of LayerZero with ShimmerEVM has been announced, further heralding a new era of cross-chain communication and DeFi on Shimmer. This integration not only underscores Shimmer’s commitment to providing developer-centric network functionality but also strengthens its focus on cross-chain interoperability.
LayerZero, celebrated for its adept messaging protocol facilitating seamless communication across multiple blockchain networks, now integrates with ShimmerEVM, establishing a secure and transparent cross-chain messaging system. This strategic collaboration further empowers highly interoperable dApps and a cohesive digital asset ecosystem on ShimmerEVM.
Thus, the integration significantly enhances the Shimmer user experience by extending cross-chain communication both into and out of the Shimmer ecosystem.
The initial connectivity of the Shimmer ecosystem to other networks through LayerZero includes Ethereum, Binance Smart Chain, Polygon, Avalanche, Fantom, Base, Arbitrum, and Optimism. This connectivity also broadens the horizons for ShimmerEVM, facilitating a fluid exchange of assets and information with networks at the forefront of DeFi, thereby enriching the ShimmerEVM ecosystem.
A Connected Cross-chain World
Shimmer’s inherently interoperable architecture, combined with LayerZero’s seamless network integration, accelerates the development of a connected cross-chain world.
Together, ShimmerEVM and LayerZero are taking significant steps toward a unified Web3 ecosystem that fosters connections between developers and user communities across diverse blockchains. This integration also represents a substantial stride toward this overarching vision, opening up new horizons for the Shimmer community and the broader blockchain space.