ZetaChain: Leading the Interoperability Revolution, Creating an Ecosystem for Free Flow of All Chain Assets

In the wave of the multi-chain era, numerous public chains have emerged, but what follows is a retreat of liquidity and depletion of funds. Some public chains rely on cross-chain bridges to introduce assets, and when security issues arise with these cross-chain bridges, the ecosystems of these public chains suffer serious blows, ringing alarm bells for the entire industry.

In this context, ZetaChain has emerged. As a forward-looking full-chain interoperability platform, it is committed to addressing the fragmentation and limitations within the existing blockchain ecosystem. By seamlessly connecting assets and data across different blockchain networks, ZetaChain opens up new avenues for the development and operation of decentralized applications (DApps).

The core team of ZetaChain brings together seasoned industry leaders 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 user experiences.

In the development of blockchain, interoperability has always been a core issue. ZetaChain not only provides innovative solutions technically but also sets new standards in its implementation. Through its unique multiparty computation system and threshold signature scheme, ZetaChain achieves interoperability with traditional non-smart contract chains like Bitcoin and Dogecoin.

ZetaChain is committed to becoming a true cross-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 is transforming the decentralized ecosystem in the Web3 era.

Core Contributors of ZetaChain and Their Experience

The core contributors of ZetaChain recognized the necessity of building ZetaChain and the concept of the "only blockchain needed" after participating in multiple Web3 projects. Currently, developers of decentralized applications face complexity issues when building products for multiple chains, and this step is crucial for seizing opportunities in the Web3 market. They 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 stem directly from the team's previous work experience in the cryptocurrency industry.

ZetaChain Achieving Universal Interoperability Technology

ZetaChain adopts a multi-party computation system, where each signature validator holds a portion of the private key. On each connected chain, there is an account derived from this private key. Using the 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, which allows interoperability even with chains like Bitcoin that lack smart contract support.

Tokens transferred to the TSS address on the connected chain will become ZRC-20 wrapped tokens on ZetaChain. Withdrawing ZRC-20 from ZetaChain to the connected 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 lies in its simpler architecture, as there is no need to deploy and manage a large number of contracts across different chains. Omnichain also enables interoperability on non-smart contract chains, effectively providing non-smart contract chain users with a way to build Omnichain smart contracts.

Features of the ZetaEVM Module

ZetaChain uses the Ethermint Cosmos SDK module, providing full EVM compatibility. In terms of single-chain performance and security, ZetaChain is comparable to other Cosmos blockchains that use 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, all of which enhance the Omnichain capabilities of conventional EVM contracts.

The Multi-Chain Functionality of ZetaChain

ZetaChain does not require a third-party cross-chain bridge, as its 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 method makes the entire process more secure, as once the cross-chain transfer is completed, users no longer rely on ZetaChain to return assets to the original chain.

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

Technology Selection and Its Advantages

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

ZetaChain's User and Developer Attraction Strategy

ZetaChain believes that for developers looking to build Web3 applications and services, choosing which chain to launch their products on is very difficult, and the process of expanding to other chains is equally challenging. The 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 publishing development documentation, helping them build applications. The team has fostered a close relationship with developers, proactively seeking their feedback and suggestions. Additionally, an ecosystem grant program has been established to support promising developers in making Omnichain-related innovations on ZetaChain.

Future Ecological Planning

ZetaChain's initial focus was on DeFi projects due to the strong demand observed from users and developers in this area. Despite currently being in a bear market environment, the DeFi sector continues to maintain strong growth momentum, leading to robust demand for multi-chain expansion and growth. At the same time, ZetaChain has also collaborated extensively with developers and DApps across various industries, including gaming, NFTs, social finance, and payments.

Asia Community Strategy

Asia remains the core hub of Web3. ZetaChain takes pride in the community established in Asia and their enthusiasm for the platform. The team collaborates with local ambassadors and communities, participating regularly in key events to ensure they stay connected and responsive to the needs of developers and local communities.

Mainnet Launch Plan

As for the specific launch date of the mainnet, ZetaChain currently cannot provide detailed information. It is recommended to follow and subscribe to its social media accounts to ensure timely updates on the latest news and announcements.