COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Crypto Tracker App
  • Bitcoin
  • Altcoin
  • Ethereum
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Delegate Launches Clusters Protocol in Collaboration with LayerZero
Share
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Crypto Tracker App
  • Bitcoin
  • Altcoin
  • Ethereum
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Blockchain News > Delegate Launches Clusters Protocol in Collaboration with LayerZero
Blockchain News

Delegate Launches Clusters Protocol in Collaboration with LayerZero

In Brief

  • Ethereum project Delegate announces Clusters, a blockchain-based protocol.

  • Clusters aims to simplify cross-chain identity and wallet management.

  • Delegate's technology secures assets in wallets across multiple blockchains.

COINTURK NEWS
COINTURK NEWS 2 years ago
Share
SHARE

Ethereum infrastructure project Delegate announced today that it will launch a blockchain-based protocol called Clusters in collaboration with LayerZero. Domain name services match complex blockchain addresses with user-readable names, providing an essential service. Ethereum Name Service is the most preferred protocol among these. ENS, while allowing the registration of other blockchain addresses through an integration with oracle provider Chainlink, continues to store data within the Ethereum ecosystem.

Significant Step from the Delegate Team

According to a post shared on X, Delegate aims to bring this type of registry natively to multiple blockchain networks including Ethereum, Solana, other EVM-based blockchain networks, and later the Bitcoin ecosystem. LayerZero stated in a Medium post:

Contents
Significant Step from the Delegate TeamNoteworthy Details About Delegate

“Clusters; will serve as a cross-chain, multi-wallet naming protocol that addresses issues such as address fragmentation, wallet management complexity, and domain occupation. It will act as a unified identity layer, enabling users to maintain a consistent identity across multiple chains, very similar to what ENS does but natively for many chains.”

In the post, LayerZero explained that this service will facilitate user interaction with decentralized applications and protocols across multiple blockchain networks.

Noteworthy Details About Delegate

LayerZero will be the main technology company behind the service. The protocol is designed to allow messages to be routed across blockchain networks; these messages can be used for value transfer or simply for sharing information. The post included the following statement:

“LayerZero will be used as a messaging layer to carry actions and state changes across chains, helping Clusters maintain accuracy among millions of names and billions of wallet addresses.”

Previously known as Delegate Cash, Delegate already has experience in managing blockchain addresses. Its main protocol is used for crypto wallet owners to delegate their rights or responsibilities from one wallet to another. For example, a Bored Ape owner can delegate the ownership of this NFT to a controlled empty wallet and use the empty wallet to log into the Bored Ape Discord server. If this wallet is compromised, the NFTs remain safe.

According to the website, Delegate’s technology is used to secure assets worth $993 million in 182,500 wallets. Although the service only works for projects integrated with Delegate, many top-tier NFT projects, including Yuga Labs, owner of CryptoPunks and Bored Ape Yacht Club, as well as Azuki and NFT marketplace OpenSea, benefit from this service.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

GTE Embraces LayerZero’s Zero Blockchain for Its Turbo Platform

Major Firms Champion Blockchain Integration in Finance

Monad Introduces RaptorCast Protocol for Blockchain Expansion

Discover How Sony Fuels Growth in Blockchain Entertainment

BlackRock’s Blockchain-Based Fund Delivers Substantial Returns

COINTURK NEWS 1 February, 2024 - 2:46 pm 1 February, 2024 - 2:46 pm
Share This Article
Facebook Twitter
Share
Previous Article What is SafePal Coin?
Next Article Hex Trust Integrates with XRP Ledger to Enhance Crypto Custody Services
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Bitcoin Rides Waves of Volatility on Its Path to Global Prominence
Cryptocurrency News
Tether Buys Stake in Gold.com to Expand Tokenized Gold Access
Stablecoin Tether (USDT)
US Officials Emphasize Volatility as Bitcoin Sees Sharp Price Swings
Cryptocurrency News
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?