#ZetaChain , the foundational public blockchain, has the potential to reshape the crypto and global financial ecosystem. ZetaChain, which just raised $27 million in investment, distinguishes itself as a Layer 1 blockchain operator focused on interoperability.
What is ZetaChain?
ZetaChain is more than just a blockchain; it is an innovative solution to the difficulties of "cross-chain" and "multi-chain." This fundamental public blockchain enables omnichain, generic smart contracts, and cross-chain messaging.
The goal is to make the crypto and global financial ecosystems accessible to anyone, while also encouraging a flexible, multi-chain crypto environment.
Key Features:
Decentralized and Public:
Built on robust foundations, ZetaChain utilizes the Cosmos SDK and Tendermint Consensus. This ensures a decentralized and public blockchain network, fostering trust-minimized, transparent transactions, even for cross-chain transactions.
Hyper-connected Nodes:
ZetaChain employs observer nodes that meticulously monitor transactions on every connected chain. Through the TSS architecture, these nodes facilitate secure and decentralized reading and writing to connected chains, creating a seamless omnichain environment for developers.
Omnichain Smart Contracts:
ZetaChain supports the native deployment of smart contracts that can read and write to connected chains. This unique capability opens up new possibilities for app development, allowing developers to harness the power of multiple chains.
Cross-chain Message Passing:
Developers can pass messages (data and value) between chains and layers with simple function calls. This feature empowers developers to build robust cross-chain applications by implementing functions within existing smart contracts.
Managed External Assets:
ZetaChain's network and dApps can efficiently manage assets and vaults of external connected chains. This functionality extends the reach of smart contract logic to any connected chain, including non-smart-contract chains like #BTC🔥🔥 and #Dogecoin.
ZETA Coin:
ZETA, ZetaChain's native coin, serves multiple purposes. It pays for gas fees, secures the PoS ZetaChain blockchain through bonding/staking/slashing, and is integral to cross-chain transfers, swaps, message delivery, and overall security.
ZetaCore and ZetaClient:
At its core, ZetaChain operates as a Proof-of-Stake (PoS) blockchain built on Cosmos SDK and Tendermint PBFT consensus engine. With a fast block time of ~5s and instant finality, ZetaChain ensures efficient transactions. The architecture comprises a distributed network of nodes, acting as decentralized observers and validators.
ZetaCore produces the blockchain and maintains the replicated state machine, while ZetaClient observes events on external chains and signs outbound transactions. Node operators, running ZetaCore and ZetaClient, play a crucial role in validation.
ZetaChain's recent funding success is not just a financial milestone; it's a testament to the potential of blockchain interoperability. The promise of a unified, flexible, and inclusive crypto ecosystem becomes increasingly tangible as ZetaChain presents its mainnet.
