LayerZero Now Supports the Mainnet of Japan Open Chain

～ Enabling Cross-Chain Token Transfers and Payments ～

Japan Blockchain Foundation Co., Ltd. (Representative Director: Hidekazu Kondo, hereinafter referred to as "our company"), the consortium managing Japan Open Chain (hereinafter "JOC"), is pleased to announce that LayerZero, a protocol enabling interoperability between blockchains, has successfully integrated with the mainnet of public blockchain, Japan Open Chain. (JOC).

With this integration, it is now possible to transfer JOC coins, tokens and NFTs issued on JOC to other chains and enable omnichain payments. This development is expected to further expand and strengthen the JOC ecosystem.

◽️ Background

LayerZero is an omnichain interoperability protocol that enables seamless data transfer and communication across 100+ blockchains. This allows developers to easily build and deploy applications and tokens that operate across different blockchain networks.

We plan to cooperate for the social implementation of web3 technology by utilizing this omnichain solution, such as integrating with LayerZero for the realization of trade settlement and trade finance using stablecoins originating from domestic banks. 

Additionally, users will be able to utilize transactions and make payments with a wider range of digital assets, such as purchasing NFTs on Ethereum using stablecoins on Japan Open Chain.

◽️ Features of Layerzero:

Omnichain Communication: 

Enables the sending of messages between different blockchains.

Verifiers and Executors: 

Ensures the integrity and security of data across different chains.

Omnichain Transactions: 

Facilitates the movement of assets across different blockchains.

Flexibility and Scalability: 

Supports the development of applications and services that are compatible with cross-chain operations.

Low Cost and Speed: 

Achieves cross-chain transactions quickly and at a low cost.

◽️ “Japan Open Chain” is a public blockchain optimized for business, emphasizing legal and technical practicality.​​

Validators

Japan Open Chain (JOC) is an Ethereum-compatible Layer1 Public Blockchain co-operated by leading companies including CORGEAR, a startup within Sony Group, NTT Communications, Dentsu, TIS. The chain focuses on legal and technical practicality, making it the most suitable public blockchain for business use cases. JOC is fully compatible with Ethereum, and it enables anyone in the world to use blockchain and operate business on it confidently, safely, and affordably. It is particularly ideal for applications in the financial and business sectors.

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【Main Features】

• Operated safely and securely by Japanese companies.

• Validators consist of companies that have passed appropriate screening.
• Operating in compliance with Japanese law, providing a clear legal basis.

• Ethereum fully compatible chain utilizing PoA (Proof of Authority)

• Fully compatible with Ethereum, allowing for the use of Ethereum protocol-developed tools and smart contracts as-is.
• The Proof of Authority (PoA) algorithm achieves a balance between decentralization and scalability, incorporating practical considerations into its design.
• Provides high security performance thanks to adequate decentralization, network stability and controllability, and is energy-efficient and environmentally friendly.

• Optimal Design for web3 Business with Fast and Affordable Fees

• Achieves processing speeds tens of times faster than the Ethereum mainnet.
• Fees for issuing NFTs are less than 1 yen per transaction.
• Eliminates settlement risk through deterministic finality.

• Projects by Large Corporations and Local Governments Underway

• Financial DX projects through the issuance of Japan-based stablecoins by banks.
• Various NFT projects by local governments, including "Digital Citizen Certificates".

◽️ About LayerZero 

LayerZero is an interoperability protocol that connects blockchains (100+ and counting), allowing developers to build seamless omnichain applications, tokens, and experiences. The protocol relies on immutable onchain endpoints, a configurable Security Stack, and a permissionless set of Executors to transfer censorship-resistant messages between chains.

【Company Overview】
Company Name ：LayerZero Labs Ltd.
Founders　 ：Caleb Banister、Ryan Zarick、Bryan Pellegrino
Established　　 ：2021
Location　 ：Vancouver, British Columbia, Canada
URL　　　 ：https://layerzero.network/