{"id":172514,"date":"2024-10-02T17:05:44","date_gmt":"2024-10-02T17:05:44","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=172514"},"modified":"2024-10-02T17:05:48","modified_gmt":"2024-10-02T17:05:48","slug":"layerzero-and-eigenlayer-introduce-cryptoeconomic-dvn-for-ultimate-blockchain-security","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/layerzero-and-eigenlayer-introduce-cryptoeconomic-dvn-for-ultimate-blockchain-security\/","title":{"rendered":"LayerZero and EigenLayer Introduce Cryptoeconomic DVN for Ultimate Blockchain Security"},"content":{"rendered":"<p style=\"text-align: justify\">TL;DR<\/p>\n<ul>\n<li style=\"text-align: justify\">LayerZero and EigenLayer have launched the CryptoEconomic Decentralized Verifier Networks (DVNs) framework, establishing <strong>a new standard for communication between chains<\/strong>.<\/li>\n<li style=\"text-align: justify\">Users can <strong>secure omnichain messaging by staking assets<\/strong> such as ZRO, EIGEN, and ETH, promoting integrity in data transmission.<\/li>\n<li style=\"text-align: justify\">The system incorporates <strong>verification and veto mechanisms<\/strong> to sanction verifiers who act dishonestly, penalizing their staked assets in case of discrepancies.<\/li>\n<\/ul>\n<hr \/>\n<p style=\"text-align: justify\"><strong><a href=\"https:\/\/crypto-economy.com\/layerzero\/\" target=\"_blank\" rel=\"noopener\">LayerZero<\/a> and EigenLayer have announced the <a href=\"https:\/\/medium.com\/layerzero-official\/layerzero-x-eigenlayer-the-cryptoeconomic-dvn-framework-68af27ca2040\" target=\"_blank\" rel=\"noopener\">launch<\/a> of the CryptoEconomic Decentralized Verifier Networks (DVNs) framework<\/strong>, which introduces a new standard for communication between blockchains through <strong>cryptoeconomic security mechanisms<\/strong>.<!--more--><\/p>\n<p style=\"text-align: justify\">This innovative development allows users to <strong>secure omnichain messaging by staking assets such as ZRO, EIGEN, and ETH<\/strong>. The goal is to provide a solid foundation for applications that require a high level of integrity in data transmission.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udd12 Introducing CryptoEconomic DVNs<\/p>\n<p>LayerZero Labs and <a href=\"https:\/\/twitter.com\/eigen_labs?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@Eigen_Labs<\/a> have co-developed the CryptoEconomic DVN Framework, enabling DVNs to enhance security with cryptoeconomic guarantees. This framework allows projects to easily bootstrap a DVN on EigenLayer using ANY tokens and\u2026 <a href=\"https:\/\/t.co\/yGzDuelZJc\" target=\"_blank\">pic.twitter.com\/yGzDuelZJc<\/a><\/p>\n<p>&mdash; LayerZero (@LayerZero_Core) <a href=\"https:\/\/twitter.com\/LayerZero_Core\/status\/1841478516636000727?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">October 2, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"text-align: justify\">The DVN framework establishes a system where verifiers, responsible for validating the transmitted information, are not only <strong>technically qualified<\/strong> but also <strong>financially incentivized<\/strong> to act honestly.<\/p>\n<p style=\"text-align: justify\">By requiring that assets be <strong>staked as collateral<\/strong>, an environment is promoted where <strong>dishonesty can prove costly<\/strong>. In the event of discrepancies in messages, verification and veto mechanisms are implemented, allowing users to <strong>participate in the resolution process<\/strong>, ensuring that any incorrect behavior by verifiers <strong>can be sanctioned<\/strong>.<\/p>\n<h2 style=\"text-align: justify\">How Does the New System Work?<\/h2>\n<p style=\"text-align: justify\">This new approach to the security of messaging between chains is based on a structured process divided into <strong>three phases: verification, veto, and slashing<\/strong>. During the verification phase, a user <strong>can initiate a message<\/strong> that travels across several chains and is <strong>verified by independent DVNs<\/strong>, reducing the risk of collusion. If a discrepancy is found, <strong>a veto contract is triggered<\/strong>, allowing token holders to <strong>decide on the corresponding sanctions<\/strong> for the involved verifiers. If the veto is confirmed, the <strong>staked assets may be slashed<\/strong>, penalizing those who act maliciously.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-172517\" src=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/layer-eigen-post-1.png\" alt=\"layerzero eigenlayer post\" width=\"825\" height=\"300\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/layer-eigen-post-1.png 825w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/layer-eigen-post-1-300x109.png 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/layer-eigen-post-1-768x279.png 768w\" sizes=\"(max-width: 825px) 100vw, 825px\" \/><\/p>\n<h3 style=\"text-align: justify\">LayerZero and EigenLayer Bring New Security Standards<\/h3>\n<p style=\"text-align: justify\"><strong>LayerZero<\/strong>, as an omnichain interoperability protocol, allows for the <strong>secure transmission of messages across over 80 blockchains<\/strong>, opening new opportunities for the development of applications that operate simultaneously on multiple networks. <a href=\"https:\/\/crypto-economy.com\/eigenlayer\/\" target=\"_blank\" rel=\"noopener\"><strong>EigenLayer<\/strong><\/a>, for its part, provides a <strong>decentralized security infrastructure<\/strong>, allowing developers to leverage previously staked assets to <strong>secure new applications and infrastructures<\/strong> without the need to build security mechanisms from scratch.<\/p>\n<p style=\"text-align: justify\">The combination of the platforms results in<strong> a security market that reinforces trust in messaging between chains<\/strong> and promotes a more robust development environment. This collaboration will be crucial for the future of communication between blockchains, where interoperability and cryptoeconomic security merge <strong>to establish a new standard in the industry.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR LayerZero and EigenLayer have launched the CryptoEconomic Decentralized Verifier Networks (DVNs) framework, establishing a new standard for communication between chains. Users can secure omnichain messaging by staking assets such as ZRO, EIGEN, and ETH, promoting integrity in data transmission. The system incorporates verification and veto mechanisms to sanction verifiers who act dishonestly, penalizing their &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"LayerZero and EigenLayer Introduce Cryptoeconomic DVN for Ultimate Blockchain Security\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/layerzero-and-eigenlayer-introduce-cryptoeconomic-dvn-for-ultimate-blockchain-security\/#more-172514\" aria-label=\"More on LayerZero and EigenLayer Introduce Cryptoeconomic DVN for Ultimate Blockchain Security\">Read more<\/a><\/p>\n","protected":false},"author":34,"featured_media":172516,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[84,74],"tags":[4620,9910,9805,9906],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172514"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=172514"}],"version-history":[{"count":1,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172514\/revisions"}],"predecessor-version":[{"id":172518,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172514\/revisions\/172518"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/172516"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=172514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=172514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=172514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}