ZetaChain is an innovative public Layer1 blockchain universe that brings full-chain functionality, universal smart contracts, and seamless messaging to all blockchains. This ingenious creation bridges the gap between different blockchains, liberating the cryptocurrency and financial world from historical limitations. Imagine a universe where all blockchains are interconnected, offering benefits such as payments, non-fungible tokens (NFTs), security, privacy and more – this is what ZetaChain wants to achieve.
Project Status
At present, zeta's cross-chain transactions have exceeded 14 million, the test network users have exceeded 1.8 million, and the Twitter community is around 780,000. This data is still very beautiful, indicating that the project itself is still very competitive. Its opponent is layerzero, but Zero is more famous than zeta. Many people know zero but not zeta, but the overall data of zeta is slightly worse than zeta. But at the same time, this is also an opportunity. Not many people masturbate, but there may be surprises. Currently, the points are gained through transactions, and there is a high probability that it will be in the future. Exchange tokens.
ZetaChain Innovations
In order to solve the shortcomings of current cross-chain protocols and achieve full-chain cross-chain functionality, ZetaChain has developed a series of tools for cross-chain fund transfer and general multi-chain orchestration: Omnichain smart contracts, accounts, and messaging.
In addition, in terms of verification mechanism, ZetaChain plans to combine [relay] and [multi-party verification scheme], using the distributed verification node architecture within the network and the threshold signature scheme TSS to verify transactions.
Built for interoperability
Among decentralized public blockchains and smart contract platforms, ZetaChain is the only one that can transmit messages and transfer value between any blockchains (including non-smart contract chains such as Bitcoin and Dogecoin). No other blockchain can achieve full interoperability of smart contracts like we do.
Simplify a complex industry
With over 100 public blockchains in existence and many more emerging blockchains, interoperability is one of the biggest challenges facing web3. We see the future of encryption as the future of the Internet.
ZetaChain is the master of all chain operations
Developers looking to support multiple networks end up facing the complexity of maintaining dApps on multiple networks, each with its own challenges and limitations. At the same time, users who want the best yield and use different dApps end up using different bridges to move assets across the network. Each bridge has its own custom wrapped token and trust model, which fragments liquidity and creates a confusing and costly user experience for users – multiple interfaces, paying for multiple transactions, etc. While many projects are working toward interoperability, the ecosystem has become more fragmented than ever.
With ZetaChain, we will enable developers to build odApps as easily as they build dApps for a single network like Ethereum or Polygon, while leveraging composability across networks.
ZetaChain Vision
Trust-minimized cross-chain asset and data transfer
Externally managed smart contract functionality for chains like Bitcoin and Dogecoin
Transfer value across chains without asset wrappers or bridges
Multi-chain NFTs, DAOs, governance, identity, and more.
Seamless multi-chain DeFi; lending, staking, liquidity mining, etc.
DApp developers can add multi-chain functionality by simply implementing some functionality into existing smart contracts, enabling full-chain dApps or odApps
Founding team
At the helm of ZetaChain is visionary Stanford alumnus Brandon Truong. He and his team have been entrenched in the crypto space since 2013, leaving an indelible mark on the industry. Other members of the team remain anonymous, and the former Coinbase and BAT teams who participated in the development are the main developers.
Tokenomics
$ZETA Token Information: In its white paper, ZetaChain confirmed that a $ZETA token is used to pay gas fees, secure the blockchain, and cross-chain transfers. It will be issued natively across layers and chains, but the token economics and Airdrop details have not yet been announced - the testnet is incentivized and may indicate an airdrop to users.
financing institution
The vigorous development of the ZetaChain ecosystem has attracted the favor of many leading investment institutions for the project, including VY Capital, a low-profile fund that supported Musk's acquisition of Twitter, and Lingfeng Capital, an investor in JD.com. Official news recently announced that ZetaChain has completed US$27 million in equity financing. This round of financing was funded by Blockchain.com, Human Capital, Sky9 Capital, Jane Street Capital, Smrti Lab, VistaLabs, CMT Digital, Foundation Capital, Lingfeng Capital, GSR, Kudasai , Krust and others participated in the investment.
Ecological construction
Omnichain DApps that have been confirmed to be deployed on ZetaChain include more than a hundred applications such as DEX, Identity Infrastructure (Galxe), Social Protocol (CyberConnect), and DAO (STP). ZetaChain is committed to building a healthy and prosperous ecosystem that attracts developers and users to participate. By providing rich application scenarios and partnerships, ZetaChain hopes to promote the widespread application of blockchain technology and provide users with more choices and opportunities.
competitor
Zeta's competitor, Layerzero, can be described as an all-star team and investment institution. It has successfully completed more than 200 million US dollars in financing. A series of star investment institutions such as An'an, cb, a16z, etc. currently have more than 3 million layerzero chain addresses, which is basically twice that of Zeta. , and currently zero’s mainnet has been officially launched. Zeta is still mainly a testnet and lags behind zero in all aspects, but the future is still unclear, because these two are currently doing L0 in the industry, and the market is large enough, and it is estimated that both It can occupy one market, so zeta’s points should not be exceeded by airdrops. Zero is also a good target. I have published project investment research and tutorials. You can check it out and start working on it. The next bull market in the whole chain network will be There is a wealth creation effect.