LayerZero Labs plans to introduce a new Layer-1 blockchain called Zero, aimed at large financial institutions.
The company shared the plan on February 10 and expects the network to go live in the fall of 2026.
LayerZero Labs is best known for its cross-chain messaging system, but the new chain will operate as its own base layer.
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The team said Zero can handle up to two million transactions each second. This goal relies on zero-knowledge proofs and the Jolt virtual machine.
According to the company, this design avoids the usual need for every node to repeat the same work, which often limits blockchains to much lower speeds.
When Zero launches, it will include three permissionless areas called “zones”. These zones will follow the rules set by the underlying network.
The LayerZero token will act as both the native asset and the governance tool. It will also support communication between zones and connect the network to more than 165 existing blockchains.
CEO Bryan Pellegrino described Zero as a major step for the company. He stated that its design could move the industry’s progress “forward by at least a decade”.
Pellegrino added, “We believe we can actually bring the entire global economy on-chain with this technology”.
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