Implementations
Last updated
Last updated
LayerZero Labs is the company developing the LayerZero protocol, an open-source messaging protocol that allows developers to build omnichain, interoperable applications. Messaging here doesn’t mean your SMS – in reality, it can be anything. Specifically in Web3, it can be from your everyday crypto transaction with gas fees to chit-chat with another ENS name in private.
In our minds, LayerZero aims to bring together the siloed Web3 space in a fundamental and first-principle manner; after all, the language we use builds the world we see. LayerZero can be thought of as the translation layer that ensures smooth communication. The protocol supports over 30 blockchains and has been implemented into large decentralized exchanges like Uniswap and Sushiswap.
The Arbitrum network is a layer-2 functionality that seeks to solve the congestion that the Ethereum network has been experiencing by improving how smart contracts are validated. It has drawn praise for its fast transaction speeds, robust security, and dynamic applications that bring new solutions to the world of decentralized finance.
Reference: https://rubyprotocol.medium.com/ruby-connect-now-expands-to-arbitrum-network-5314813df944
Optimism is one of the layer 2 scaling solutions. It is powered by a technology called Optimistic rollups, which bundle large amounts of transaction data into digestible batches. Optimism is much cheaper than Ethereum, and it’s increasingly becoming popular with other layer 2 solutions.
Optimism is a layer 2 chain that functions on top of the Ethereum mainnet. Transactions take place on Optimism, but the data about transactions get posted to the mainnet, where they are validated. It’s like driving on a less crowded side street while benefiting from the security of a highway.
Reference: https://rubyprotocol.medium.com/announcing-ruby-protocol-deployment-to-optimism-f9e72517fd64
Polkadot, conceptualized by Dr. Gavin Wood, a co-founder of Ethereum, came to life as an answer to the pressing challenges of scalability and interoperability in the blockchain ecosystem. Launched in 2020, it was designed to enable different blockchains to communicate and share information in a secure, trust-free environment. This revolutionary multi-chain framework connects various ‘parachains,’ or parallel blockchains, each optimized for specific use cases or functionalities, to a central Relay Chain.
Reference: https://github.com/Ruby-Protocol
ZetaChain is a decentralized blockchain and smart contract platform built for omnichain interoperability. It is built using the well-known Cosmos SDK and leverages the Tendermint consensus mechanism. The blockchain’s mission is to reduce friction in the ecosystem, and onboard additional users to the space by allowing said users to manage all assets from a sole platform, reducing reliance on controversial bridging and wrapping mechanisms.The commitment of ZetaChain to seamless omnichain interoperability is perfectly aligned with Ruby Protocol’s vision for a more user-friendly Web3.
Reference: https://medium.com/@rubyprotocol/ruby-protocol-strategic-partnership-with-zetachain-12ed1adbd7a1
One of Nautilus Chain’s key features is its ability to support cross-chain asset transmission of multiple mainstream currencies. This functionality is now seamlessly integrated into Ruby One, allowing our users to explore new possibilities.
With this collaboration and integration, our users can now:
Manage more assets on more networks via a single wallet, eliminating the need for multiple wallet apps.
Allow Ruby One to automate crypto processes, making them as easy as a few mouse clicks.
Choose your Web3 journey, and Ruby One will make it as easy as possible.
