Ethereum · LayerZero · Chainlink · The Block
Ethereum engineering company Nethermind departs LayerZero verifier role for Chainlink
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Nethermind, a core contributor to the Ethereum ecosystem, is leaving its role as a LayerZero verifier and moving its cross-chain operations to Chainlink following an "extensive review.
Key facts
- Nethermind said its software supports more than 16,000 Ethereum validators and over $5 billion in delegated assets
- Founded in 2017, Nethermind is an Ethereum engineering firm with more than 200 employees and develops one of Ethereum's main execution clients
- Nethermind has migrated away from its Decentralized Verifier Network (DVN) operations and joined the Chainlink Network as a node operator and strategic technology provider," Nethermind said Wednesday
- Nethermind CEO Daniel Celeda said the firm has made a long-term decision to focus its cross-chain operations on Chainlink
Summary
"Nethermind has migrated away from its Decentralized Verifier Network (DVN) operations and joined the Chainlink Network as a node operator and strategic technology provider," Nethermind said Wednesday. DVNs are independent entities that validate the authenticity and integrity of messages sent across blockchains within the LayerZero ecosystem. "The move reflects a notable shift by a prominent LayerZero infrastructure operator toward Chainlink's secure-by-default architecture as institutional adoption of onchain finance accelerates," a Chainlink spokesperson told The Block. Nethermind joins a growing group of firms that have moved cross-chain operations from LayerZero to Chainlink in the months since an April attack on Kelp DAO's rsETH bridge.