ZetaChain: Building a Fully Interoperable Platform to Lead the Blockchain New Era

In the wave of the multi-chain era, various public chains are emerging one after another, but accompanying this are issues of liquidity depletion and funding shortages. Some public chains are overly reliant on cross-chain bridges to introduce assets, and when security vulnerabilities occur in these bridges, the entire ecosystem suffers a heavy blow, which undoubtedly sounds alarm bells for the entire industry.

In this context, ZetaChain has emerged. As a forward-looking full-chain interoperability platform, it is dedicated to solving the fragmentation and limitations existing in the current Blockchain ecosystem. By achieving seamless connections of assets and data across different Blockchain networks, ZetaChain opens up new possibilities for the development and operation of decentralized applications.

The core team of ZetaChain brings together senior experts from well-known companies in the industry. These team members translate their rich experience in the Web3 field and deep insights into market demands into the core technology and strategic direction of ZetaChain. Their shared vision is to create a Blockchain that can serve as a passport to the Web3 world, thereby simplifying and accelerating the development of decentralized applications and enhancing user experience.

In the development of the Blockchain, interoperability has always been one of the core issues. ZetaChain not only provides innovative solutions at the technical level but also innovates standards in the way of implementation. Through its unique multi-party computation system and threshold signature scheme, ZetaChain achieves interoperability with traditional non-smart contract chains such as Bitcoin and Dogecoin.

ZetaChain is committed to becoming a true full-chain interoperability and asset transfer platform by providing full-chain accounts. Below is an in-depth conversation with the ZetaChain team, revealing how this project will bring transformation to the decentralized ecosystem in the Web3 era.

Core Contributors of ZetaChain and Their Experience

The core contributors of ZetaChain, after participating in multiple Web3 projects, recognized the necessity of building ZetaChain and the concept of the "only needed blockchain." Currently, developers of decentralized applications face complexity issues when building products for multiple chains, and this step is essential for seizing opportunities in the Web3 market. They often also need to consider how to ensure that products can adapt to future technological developments and changes. ZetaChain not only addresses these issues but also simplifies the user experience. These challenges directly stem from the team's prior work experience in the crypto industry.

Technical Details of ZetaChain Achieving General Interoperability

ZetaChain adopts a multi-party computation system, where each signature validator holds a part of the private key. On each connected chain, there is an account derived from this private key. Using a Threshold Signature Scheme (TSS), validators can sign transactions from this TSS account. Since the TSS account is a regular external account, it does not need to execute smart contract logic on the connected chain, allowing interoperability even for chains like Bitcoin that do not support smart contracts.

Tokens transferred to the TSS address on the connecting chain will become ZRC-20 wrapped tokens on ZetaChain. Withdrawing ZRC-20 from ZetaChain to the connecting chain will trigger the transfer of tokens from the TSS address to the recipient.

Advantages of Omnichain Technology

Omnichain contracts allow DApp developers to create DApps that can accept inputs from any connected chain and trigger outputs to any connected chain. The advantage of Omnichain over cross-chain messaging is its simplicity from an architectural perspective, as it does not require the deployment and management of dozens of contracts across different chains. Omnichain also enables interoperability on non-smart contract chains like Bitcoin, effectively providing a way to build Omnichain smart contracts for Bitcoin users.

Features of the ZetaEVM Module

ZetaChain uses the Ethermint Cosmos SDK module, which provides full EVM compatibility. In terms of single-chain performance and security, ZetaChain is comparable to other Cosmos blockchains that utilize the same EVM module. To achieve omnichain functionality, the ZetaChain team developed a custom Cosmos SDK module, EVM contracts, and an off-chain observer called zetaclient, which collectively enhance the omnichain capabilities of standard EVM contracts.

ZetaChain's Multi-Chain Functionality Implementation

ZetaChain does not require third-party cross-chain bridges because ZetaChain's own mechanism provides the functionality for cross-chain messaging and token transfers. ZetaChain focuses on moving native, non-wrapped assets between different chains, allowing users to receive native tokens on the target chain. This approach enhances the overall security of the process, as once the cross-chain transfer is completed, users no longer rely on ZetaChain to return the assets to the original chain.

Although there are indeed ZRC-20 wrapped tokens on ZetaChain that represent assets transferred from connected chains. For operations like cross-chain transactions, these wrapped tokens only exist during the transaction process, and end users do not interact with them directly.

Advantages of Technology Selection

ZetaChain uses the Comet BFT consensus engine, which provides instant transaction finality, high throughput, and reliability. The Cosmos SDK offers developers a range of ready-made building blocks, such as staking modules, governance modules, and EVM-compatible layers. The modular nature of the Cosmos SDK allows the ZetaChain protocol team to develop modules that implement cross-chain messaging and support for fungible token Omnichain contracts.

User Attraction Strategies of ZetaChain

ZetaChain believes that for developers looking to build Web3 applications and services, choosing which chain to launch their product on is very difficult, and the process of scaling to other chains is equally challenging. ZetaChain's vision of building a single chain that can access all other chains has resonated within the global developer community. ZetaChain actively builds relationships with developers by participating in various events, organizing hackathons, and releasing development documentation to help them build applications. ZetaChain has cultivated close relationships with developers, actively seeking their feedback and suggestions. In addition, ZetaChain has established an ecosystem grant program to support promising developers in making Omnichain-related innovations on ZetaChain.

ZetaChain's ecological planning

ZetaChain's initial focus was on DeFi projects due to the strong demand observed from users and developers in this area. Even though it is currently a bear market environment, the DeFi sector continues to maintain strong growth momentum, making the robust demand for multi-chain expansion and growth reasonable. However, ZetaChain also collaborates extensively with developers and DApps across various industries, including gaming, NFTs, social finance, and payments.

ZetaChain's View on the Asian Community

Asia remains the core area of Web3. ZetaChain is proud of the community established in Asia and their enthusiasm for ZetaChain. ZetaChain collaborates with local ambassadors and communities, and regularly participates in key events to ensure connection and responsiveness to the needs of developers and local communities.

ZetaChain Mainnet Launch Plan

Regarding the specific launch time of the mainnet, ZetaChain is currently unable to provide detailed information. However, it is recommended to follow and subscribe to ZetaChain's social media accounts to ensure that you can stay updated on the latest news and announcements.