I see a great introduction about the project. Can we can you please introduce yourself? You are from Spectre Projects. I've heard. Can you can you please introduce yourself? Sure, yeah, I'm I'm Max.
As I said, I run special projects here at Layer 0. I build and maintain a number of products internally, and then work with a lot of the teams building on top of us in terms of how to best build on Layer 0 and discussing the sort of different ways that people can build on top of our protocol.
I see, I see. Okay, okay. I guess we'll jump into our first question. Can you please tell the background of Team Layer 0, their founders, how the story became Layer 0 right now? Yeah, absolutely. So Layer 0 was started by our three co-founders, Brian,
and Caleb, they all worked together pretty well so on a number of businesses and are all engineers by trade, and very technical. And you know, when DeFi started to kick off, they were on BNB chain trying to build some projects and it was very tough to bring value.
And they realized there was a large issue around not only moving value, but messaging and communication between different chains. So they started to develop later zero labs a couple years ago and won't relaunch the protocol publicly just over the next few years.
a year ago now and have seen tremendous adoption since then where people are using the ProCall Engage with Messaging and we've seen staggering growth. It took us eight months to deliver a million messages and then we literally delivered our last
million messages the past four days. Wow. As a long journey, layer zero has come from. Can you please tell us more about the product, how layer zero solve problems,
and how it is different from existing interoperability solutions like caching bridges and operability layer ones like cosmos or zeta chain. Absolutely. So layer zero isn't a chain which I think is an important distinction. It's a protocol is a crossing
that are the same enables communication between various chains. So, you know, the way that it's different is I believe that there is your hazard with elegant design that allow that puts security and ownership of security in the hands of the developers building on top of it.
So when you're moving each message, there are two entities called Oracle and a relay that help move the transaction proof and the block header from your source change, your destination chain, and you need both of these entities to confirm that that what you're moving is correct.
And example of an Oracle would be, for example, Chayboard Clubs. An example of a relay would be, for example, the relay run by a layer of zero laps. So really the security is within the hands of the application developer. And you know, when you look at that versus say a chain,
What this means is that you're building on top of a protocol. A protocol that's immutable, a protocol that can be run without any help from a team. If layers 0 labs disappear tomorrow, you can still use a protocol to communicate.
So I mean, I'm really saying, but what we built in sort of what's coming in the future as well. I see, I see. Okay. Can you please tell us more about how what are the depth correctly available?
on layer zero and how it benefits retail users like ourselves. Yeah, absolutely. I mean, we have we have a ton of builders building on top of layer zero and that spans a gamut from NFTs like Pudgy Penguins, Ghosts the Ghost, Campy Pandas to
DeFi projects, including you know, uniswap, sushi, swap, trader Joe, pancake swap, all use layers zero. We have radiant, which is omni chain lending and borrowing. And there are there are literally more products that I can name that are that use and are enabled by layers.
to provide cross-stain experience to their customers. And of course, the first and largest product built on top of the layer zero is Stargate Finance, which is a bridge. But I think there's a core distinction. You know, you would have said how is it different from a bridge? A bridge, you know, Stargate uses the underlying layer zero messaging to help pass
value. But it's but layers here is the actual messaging protocol that enables start gate function as a bridge. It passes a message when somebody moves value that says this person is put this much value and on source wants to move this much value and destination that enables start gate to function and start gate is the most widely used
bridge within GRIPTL. I see that's how laser works. I've heard rumors about the ZRO air drop. Can you please explain more about the tokenomics, its utilities and
how it benefits its holders. Sure, that's not subject that I can actually talk about. You know, there's no information that I can share at this time. You know, I'm sorry. Oh, I say, I say, okay, okay. We'll be moving on to the next question. How do you, how does layer
to stay relevant in this conceptly evolving space. Can you share projects roadmap for this year and for the future? What kind of partnerships are you looking for? Collaborations and the IU maintaining a strong media social media
presence. Sure. I mean, I think I think when we look at layers zero, Zrow map from this year and in the future, it looks an expansion to more chains, you know, being able to connect more chains in general and able people to connect with those communities and build better cross chain applications.
We have a number of other things we're working on that we're excited to unveil in the coming weeks and months. But right now we're really working with all the builders on top of us, empowering them to build the best applications possible. And that's making sure that they can send messaging wherever they need to go. And they have truly the best developers being built on top of layer zero possible.
I see, I see, I see. That's a very great explanation. We have Orner to have LIR-0 as our partner. We are eagerly anticipating the token launch. Can you share about what expect from our collaboration?
Again, we have no information about token and really can't comment there. I see. I see. Okay. Sorry for edging you. I hope this is a tough question, but what has layers you have been working on during the bear market during 2021?
2022, what has the team done to nurture and navigate through the project to the winter, the crypto winter? Yeah, I mean, we have the protocol was publicly in the midst of the market a year ago, and we've been head-zoned continually building and improving the protocol and improving development experience on time.
us the entire time. You know, we're excited about what we're doing. We recently announced a new round of funding, you know, in the past week or two that we've been working on, so we're excited about so everything's happening and the potential that that messaging has in the future. I think we're sort of at the
that very beginning of what cross-meeting enables within crypto. And I think that we're going to see a lot more native use cases and a lot more projects building really interesting applications leveraging the best features of all the different chains they're connected to.
I see, I see. Thank you for the explanation. As we have run off questions from our site, where we would like to ask our audiences, if you guys have any questions, please do raise your hand. Request us to open our mics.
Okay, all right, we'll start with Omega, Omega are you here? Omega.
Hello, oh my god, can you hear us? Yes, I can. Yes. Can you do you have a question? Yeah, actually I heard that.
layer 0 uses ultra light nodes. So like how this alternate, ultra light nodes dependent from normal nodes and please tell us in the same video so that I can understand. Sure. So an ultra light node or UL and this part of the messaging protocol itself.
So, you know, it's since on chain actually helps pass past the information and, you know, between the actual payload between different chains. So it's not quite the same as a normal node in the way that you're thinking in terms of securing a chain. It's a core part of the actual messaging protocol itself.
So it's a technical explanation and I'm happy to share post a link in the chat that people can go through if that's interesting. Okay, thank you. Okay, thank you, Omega for your question.
Next up, does anyone else want to ask a question? I see "Akonax". Do you have a question?
I see you're not here. I guess we'll be moving on to 137. Are you here? 137? I'm happy if it's interesting to talk a little bit more about how the
You are on set with interactual messaging architecture, but it's a bit more of a long-winded technical explanation. So if it's interesting, happy to go through it. I think our viewers are more than happy to hear about the technical explanations on that.
So within within there is your messaging you have endpoints on every single chain that layers zero enables and these are contracts that that user applications or UAs can interact with. The ULN is a smart contract that sits behind the endpoint that enables all the different features of
of layers 0. So it's actually the contract that allows, you know, the message protocol to work. It's one of the core contracts of the protocol from the UL from the UL UL and, you know, the Oracle and real error, then you actually pass it through to the other chain. If that makes sense.
Thank you for the explanation, Mr. Max. I think we'll be moving on to 137. I believe you have a question. Hello guys, can you hear me?
Yes, we can hear you. What is your question? Thank you so much for giving me opportunity. My question regarding your security system, have you been audited by any part party company, choose future funds and data? Yeah.
So layer zero is one of the most audited companies in the space. You know, in the past year, we've done over 35 audits on on every piece of code that we've shipped. Layers zero, they're all available on layer zero lab.
get hub, which is get hub.com/layers0-labs and then it's in the slash audits folder. Layers0 also runs the largest bug bounty program in the world. We run a $15 million bug bounty program against
the actual core protocol and any vulnerability within it to help secure and make sure that everything we built is top-notch. Our model in and around our technical development is better, is better. And that simply means we build and ship the best contracts possible in that
Thank you so much for giving me the guidance. If you guys don't mind, I ask one more question. Can I ask? Yeah, sure, sure. Okay, my question is, can we ask two-can-holders participants
and the governance, the field project and what mechanism have you implemented to make sure the plan is of decision-making between small and big initiatives? I'm sorry, I have a hard time hearing you broke up as you were asking the question.
137 can you please repeat your question? Yeah yeah I wish it is please can you as token holders participate in the governance of Lear GeoProtik? But can you have you implemented to make sure the fairness of decision making
between small and big invasions. Sure. So layer, layer zero, as a protocol does not have a token. So as a result, there are no token holders. So I don't really know how to answer that question. I'm sorry.
Okay. Thank you for the questions. 137. Thank you, Mr. Max Power for being very patient with us with our questions. I know I'm happy to be here. No, they're great questions. I'm happy to be here. Talk.
Okay, thank you sir. Anyone else? Anyone else would like to ask any questions?
I see Joseph. Does Joseph want to ask a question? Is Joseph here? I saw him just now.
Hello Joseph, you can speak now.
Yes, we can hear you. Please ask your question. Joseph, you're muted. Okay, can you hear me now? Yes, we can hear you. All right, I'll run some time later.
last year LEDZ, Sinté integrated layer 0. I want to know the reason for this such collaboration because I'm trying to get more information about the collaboration between Sinté, DeFi and layer 0. I personally don't have information about that.
I can't really speak to them, sir. Joseph, do you have any other questions? No, really. Thank you very much. Abyss has that. Thank you, Joseph. Anyone else would like to ask a question?
I see some hands raised up. Shazzy. I'm seeing Shazzy.
Yes, we can hear you. So my question is how sharp is used in layer 0's architecture?
And the next question is, what is stateless client validation? And how does it increase the efficiency of the layer zero's network? That's my question. How is-- I mean, sharding is not used within layer zero. Again, I think it's for taking
step back and explaining how how layer zero works. As I said, there's an endpoint that exists on each chain. The endpoint runs an ultra light node at ULM, which which then allows the Oracle, which is one of the two entities within within the message pass and to pick
a block header. It's an information about the block where the message was passed and also it generates a proof which the relayer picks up and those two things, a block header and the transaction proof are removed to the destination chain, recombined within the
within the endpoint on the destination chain and then the message is delivered on the destination chain. And again, to frame it, a message is like a packet on the internet. It can be instruction, it can be state, it can be really whatever you can think of to transfer between various chains.
Okay, can I ask another question the last one? Sure, my first question Okay, my the last question is how will it zero address the issue of network transition?
and scalability. How you addressed that. Sure, I think as as layers zero continues to scale and more and more people use it, it starts to push the actual boundaries of the chains that that it's on, message delivery and especially non-influenity.
And I think that's a great question.
we continue to work with the James and build proprietary technology to help scale and deliver messages at scale. And I think we've seen that and that's something that we've really been working hard on over the past year. As more and more people have used the network and as we continue to grow rapidly.
Thank you, Max. Thank you, Shazzy. Anyone else? Anyone else wants to ask a question? I see smokey rays
using his hand. Yes, smokey. Hello smokey.
Yes, what is your question? Yes, we can hear you. All right. Thank you very much for bringing me up to speak. I just want to ask, like, looking at the situation of the BMI, what strategies do you think it is actually works for you so far?
in putting in mass adoption to your ecosystem. Do you think this actually need improving or adopting a new strategy based on marketing? Sure. I think as a protocol that's been just head down building over the past two years,
And you know, as as someone that's been with with you know the protocol doing that, we're focused on adoption building the best developer experience possible on top of later zero and having more and more applications and developers build on top of later zero. And I think we've seen that happen. I think
we've seen adoption increase. I mean, even this past week pancake swap announced that the cake token is now on Ethereum powered by Powered by later zero. So, you know, we're really just trying to create the best experience humanly possible for everyone that interacts with later zero.
Well, that's really nice. We should guys best of all. Thank you very much. Thank you so much. Thank you, Smoky. Anyone else? Anyone else would like to ask a question?
see lemon, lemon, lemon, want to, there are a question, lemon.
Hello, Lee man. Hello. Yes, we can hear. All right, interviewer. My question is.
Interacting with the EGCC system. Do you have any questions? On what are the correct areas for integrated and very developed? I mean, there are no point-fold limitations of layers here. I mean, any developer that wants to build a great army trade experience
top of layer zero can do so between any chain that layer zero supports. So the best place to start there is within our GitHub and our getbooks or reach out to us. We're happy to help people build on top of layer zero and we love for more people to build on top of layer zero and build great cross-chain experiences for everybody.
Thank you very much. I see. Thank you, Leman, for answering your -- for asking the question. To make this
Amy even more exciting. We are thank you Max for today. Thank you for being patient with us. We're answering our questions. We appreciate your time answering our questions. It is you have very insightful answers. Can you please share a
about layer zero's unique features and to our valuable listeners and seeing how layer zero will track in the future. Yeah, again, and I think this is going to have to my last question as I have to leave, but I think the best
The thing about layers here that makes our architecture novel and really compelling is the fact that we put choice into the hands of developers. We allow people building cross-shade experiences to build them in a lightweight, easy to build way that gives you the best of
all features that you select so you're able to select your own security assumptions, you own all your own contracts, you have control over your token supply for your moving tokens and you can work within a reliable and robust messaging framework that allows you to transfer really whatever your imagination
can think of between various support blockchains. I think that's super exciting because it will unlock the next generation of applications on chain and allow people to build new experiences that we haven't seen within DeFi and within NFTs and within gaming. And I think all of that is the future and I think it's exciting.
Thank you, Maxker today. Thank you for sharing our knowledge about layer 0 and how it works. Thank you, thank you, thank you, thank you for all the listeners that are tuning in. The winners of this AME will be announced on our Twitter. We invite you to
stay tuned and follow our Twitter and Telegram for the latest updates about BitTrupe. Thank you for tuning in everyone. Thank you, Mr. Max, so much. Is there anything you would like to add from this AMA session, sir? No, I appreciate you having me and appreciate the time. Thanks so much.
Thank you very much, Mr. Max.