Close Menu
    Facebook X (Twitter) Instagram
    Facebook Instagram YouTube
    Crypto Go Lore News
    Subscribe
    Tuesday, May 26
    • Home
    • Market Analysis
    • Latest
      • Bitcoin News
      • Ethereum News
      • Altcoin News
      • Blockchain News
      • NFT News
      • Market Analysis
      • Mining News
      • Technology
      • Videos
    • Trending Cryptos
    • AI News
    • Market Cap List
    • Mining
    • Trading
    • Contact
    Crypto Go Lore News
    Home»Blockchain»Wormhole Introduces Support for Ethereum L2 Network X Layer
    Blockchain

    Wormhole Introduces Support for Ethereum L2 Network X Layer

    CryptoExpertBy CryptoExpertMay 31, 2024No Comments3 Mins Read
    Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
    Wormhole Introduces Support for Ethereum L2 Network X Layer
    Share
    Facebook Twitter Pinterest Email Copy Link
    Bybit







    Introduction to X Layer

    Wormhole has announced the integration of X Layer, an Ethereum Layer 2 (L2) network, into its cross-chain interoperability platform. X Layer is designed to provide a secure and user-friendly blockchain experience by leveraging advanced cryptographic zero-knowledge proofs (ZKPs) to ensure the validity and near-instant finality of off-chain transaction computations, according to Wormhole.

    How X Layer Operates

    X Layer functions as a validity rollup, processing transactions off-chain and posting data to Ethereum Layer 1 (L1). It verifies state by submitting Zero Knowledge Proofs to L1, confirmed through a smart contract. The zkEVM architecture of X Layer is divided into two main components:

    Zero-Knowledge Proofs (ZKPs): This technology validates batches of transactions through succinct proofs, ensuring computational trustworthiness and enabling scalability.
    Ethereum Virtual Machine (EVM): The EVM is the smart contract execution environment within the Ethereum ecosystem, enabling the execution of smart contracts and functioning as a global computing network. EVM computation is ZK-proven and verified on-chain.

    Benefits of X Layer

    Developers and users looking for the benefits of Ethereum and the EVM with lower costs and higher scalability will find X Layer appealing. Its zkEVM architecture supports thousands of transactions per second (TPS) while maintaining shared security with Ethereum L1. Key advantages include:

    itrust

    Scalability and Flexibility: As an EVM Validium, X Layer offers scalability and flexibility concerning data availability.
    Lower Fees: X Layer reduces costs by avoiding high gas fees for storing transactions on the L1.
    ZK-Powered Scalability: The network isn’t limited by the amount of transaction data that can be published to Ethereum, thanks to ZK-validity proofs.
    Ethereum Security: X Layer inherits Ethereum’s security, ensuring user funds are protected with the highest security guarantees.
    Unified Liquidity: Seamless asset transfers and ZK-powered interoperability across CDK-based chains within the Polygon ecosystem.
    Near-Instant Finality: Cryptographically ensured transaction integrity, achieving near-instant finality and robust security.
    Powered by OKX: Integrates smoothly with OKX products, offering an all-in-one Web3 gateway and access to 50 million users in the OKX ecosystem.
    Gateway to Web3: Users can enter the Web3 world via OKX Wallet, built with compact infrastructure modules to support innovative dApps.

    Asset Transfers with X Layer

    Users with assets on any of Wormhole’s 30+ connected blockchains can transfer to or from X Layer using the Portal Bridge. The steps to do so include:

    Visit Portal Bridge.
    Connect your wallet.
    Select X Layer as the source or target chain for your transaction.
    Complete the transfer process.

    Application Integration

    Developers interested in enabling token transfers to and from X Layer can do so with just three lines of code via Wormhole Connect. This tool allows developers to integrate wrapped and native token transfers directly into their application UIs, enabling seamless bridging across Wormhole’s 30+ connected blockchains, secured by the Wormhole Guardians. To get started, developers can check out the NPM package.

    About Wormhole

    Wormhole is a leading interoperability platform that powers multichain applications and bridges at scale. It provides developers access to liquidity and users on over 30 major blockchain networks, enabling a wide range of use cases, including DeFi, NFTs, and governance. The platform is trusted by notable teams like Circle and Uniswap and has facilitated over $40 billion in transfers through more than 1 billion cross-chain messages.

    Image source: Shutterstock

    . . .

    Tags



    Source link

    Binance
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
    CryptoExpert
    • Website

    Related Posts

    Blockchain

    Polymarket Briefly Appears in Google News Before Being Removed

    April 12, 2026
    Blockchain

    OpenAI Launches Safety Fellowship to Tackle AI Alignment Research

    April 8, 2026
    Blockchain

    DeFi Is Optimizing For gas, Not For Markets

    April 2, 2026
    Blockchain

    Bitcoin Finds $65K Support as Week 14 Data Shows Easing Sell Pressure

    March 30, 2026
    Blockchain

    Memecoins Are Not Dead, but Will Return in Another Form: Crypto Exec

    December 15, 2025
    Blockchain

    BNB Hackathon in Abu Dhabi Showcases Innovative Blockchain Solutions

    December 14, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Recommended
    Editors Picks

    Ethereum Sees 56.9% Jump in Transfers as Adoption Gains Ground

    April 12, 2026

    Polymarket Briefly Appears in Google News Before Being Removed

    April 12, 2026

    The Bitcoin miner sell-off looks close to exhaustion marking impending reversal in market pressure

    April 9, 2026

    Uniswap price outlook as Ethereum’s Vitalik Buterin offloads UNI tokens

    April 9, 2026
    Latest Posts

    We are a leading platform dedicated to delivering authoritative insights, news, and resources on cryptocurrencies and blockchain technology. At Crypto Go Lore News, our mission is to empower individuals and businesses with reliable, actionable, and up-to-date information about the cryptocurrency ecosystem. We aim to bridge the gap between complex blockchain technology and practical understanding, fostering a more informed global community.

    Latest Posts

    Ethereum Sees 56.9% Jump in Transfers as Adoption Gains Ground

    April 12, 2026

    Polymarket Briefly Appears in Google News Before Being Removed

    April 12, 2026

    The Bitcoin miner sell-off looks close to exhaustion marking impending reversal in market pressure

    April 9, 2026
    Newsletter

    Subscribe to Updates

    Get the latest Crypto news from Crypto Golore News about crypto around the world.

    Facebook Instagram YouTube
    • Contact
    • Privacy Policy
    • Terms Of Service
    • Social Media Disclaimer
    • DMCA Compliance
    • Anti-Spam Policy
    © 2026 CryptoGoLoreNews. All rights reserved by CryptoGoLoreNews.

    Type above and press Enter to search. Press Esc to cancel.

    bitcoin
    Bitcoin (BTC) $ 75,815.00
    ethereum
    Ethereum (ETH) $ 2,070.47
    tether
    Tether (USDT) $ 0.998636
    bnb
    BNB (BNB) $ 656.31
    xrp
    XRP (XRP) $ 1.33
    usd-coin
    USDC (USDC) $ 0.999759
    solana
    Solana (SOL) $ 83.63
    tron
    TRON (TRX) $ 0.375302
    figure-heloc
    Figure Heloc (FIGR_HELOC) $ 1.03
    staked-ether
    Lido Staked Ether (STETH) $ 2,265.05