ZetaChain: Breaking Through Blockchain Boundaries to Achieve Full Chain Asset Mobility

In the wave of the multi-chain era, various public chains have emerged one after another, but accompanying this are issues of liquidity retreat and capital shortage. Some public chains rely on cross-chain bridges to introduce assets; however, when security vulnerabilities arise in cross-chain bridges, these ecosystems suffer severe blows, ringing alarm bells for the entire industry.

It is against this backdrop that ZetaChain was born. As a forward-looking full-chain interoperability platform, it aims to address the fragmentation and limitations within the current Blockchain ecosystem. By seamlessly connecting 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 experienced industry experts from well-known companies in the field. These team members convert their rich experience in the Web3 space 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 the user experience.

In the development of Blockchain, interoperability has always been a core issue. ZetaChain not only provides innovative solutions at the technical level but also innovates standards in its 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 interview with the ZetaChain team, revealing how this project brings transformation to the decentralized ecosystem in the Web3 era.

Technical Innovations of ZetaChain

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, which enables interoperability even for chains like Bitcoin that do not support smart contracts.

Tokens transferred to the TSS address on the connected chain will be converted into 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. Compared to cross-chain messaging, the advantage of Omnichain lies in its simpler architecture, as it does not require the deployment and management of a large number of contracts on different chains. Omnichain also makes it possible to provide interoperability on non-smart contract chains, effectively offering Bitcoin users a way to build Omnichain smart contracts.

Features of the ZetaEVM Module

ZetaChain utilizes the Ethermint Cosmos SDK module, providing complete EVM compatibility. In terms of single-chain performance and security, ZetaChain is comparable to other Cosmos Blockchains using 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 together enhance the Omnichain capabilities of conventional EVM contracts.

Multi-chain functionality without cross-chain bridges

ZetaChain does not require third-party cross-chain bridges, as its own mechanism provides cross-chain messaging and token transfer capabilities. ZetaChain focuses on moving native unwrapped assets across different chains, allowing users to obtain native tokens on the target chain. This approach enhances security because once the cross-chain 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, these wrapped tokens only exist during the transaction process for operations such as cross-chain transactions, and the end users do not interact with them directly.

Advantages of Technology Selection

ZetaChain uses the Comet BFT consensus engine, providing 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 ZetaChain's protocol team to develop modules that enable cross-chain messaging and support for interchangeable token Omnichain contracts.

User and Developer Attraction Strategy

ZetaChain believes that for developers who want to build Web3 applications and services, it is very difficult to choose which chain to launch their products on, 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 activities, organizing hackathons, and releasing development documentation, helping them build applications. In addition, ZetaChain has also established an ecosystem grant program to support promising developers in conducting Omnichain-related innovations on ZetaChain.

Future Ecological Planning

The initial focus of ZetaChain was on DeFi projects due to the strong demand observed from users and developers in this field. Despite currently being in a bear market environment, the DeFi sector continues to maintain strong development momentum, thus there is a robust demand for multi-chain expansion and growth. At the same time, ZetaChain is also collaborating widely with developers and DApps across various industries, including gaming, NFTs, social finance, and payments.

Asia Community Strategy

Asia remains the core region of Web3. 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.

Mainnet Launch and Possible Airdrop

Regarding the specific time of the mainnet launch, ZetaChain is currently unable to provide detailed information. Interested users can follow and subscribe to its social media accounts to ensure they are updated with the latest news and announcements.