ZetaChain: Building a Full-Chain Interoperability Ecosystem for Free Flow of Assets

In the wave of the multi-chain era, numerous public chains are emerging, but they also face challenges such as diminishing liquidity and capital depletion. Some public chains rely on cross-chain bridges to introduce assets, and when security issues arise with these bridges, the ecosystems of these public chains suffer severe blows, sounding alarm bells for the entire industry.

In this context, ZetaChain was born. As a forward-looking omnichain interoperability platform, ZetaChain is committed to addressing the fragmentation and limitations present in the existing 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 (DApps).

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

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

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

The Core Technology and Vision of ZetaChain

The core contributors of ZetaChain, after participating in multiple Web3 projects, recognized the necessity of building the "one blockchain that is uniquely needed." 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. ZetaChain not only addresses these issues but also simplifies the user experience.

Technical Innovations for Achieving Universal 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 chains, 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 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 is its simpler architecture, which does not require the deployment and management of a large number of contracts across different chains. Omnichain also enables interoperability on non-smart contract chains, providing Bitcoin users with a way to build Omnichain smart contracts.

Features of the ZetaEVM Module

ZetaChain uses the Ethermint Cosmos SDK module to provide complete 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 has developed custom Cosmos SDK modules, EVM contracts, and an off-chain observer called zetaclient, which together enhance the omnichain capabilities of regular EVM contracts.

Implementation of Multi-Chain Functionality

ZetaChain does not rely on third-party cross-chain bridges, but instead provides cross-chain messaging and token transfer functions through its own mechanisms. ZetaChain focuses on moving native non-wrapped assets between different chains, allowing users to directly obtain native tokens on the target chain. This approach enhances security because once the cross-chain transfer is completed, users no longer depend 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 operations such as cross-chain trading, and end users do not interact with them directly.

Advantages of Technical Architecture

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 to develop modules that implement cross-chain messaging and support for interchangeable tokens in Omnichain contracts.

User Growth Strategy

ZetaChain actively builds relationships with developers by participating in various events, organizing hackathons, and releasing development documentation to help them build applications. ZetaChain fosters close relationships with developers, actively soliciting their feedback and suggestions. In addition, ZetaChain has established an ecosystem grant program to support promising developers in carrying out Omnichain-related innovations on ZetaChain.

Key Focus on Ecological Development

ZetaChain initially focused on DeFi projects due to the strong demand observed from users and developers in this area. Despite being in a bear market, the DeFi sector continues to maintain a strong momentum of development. At the same time, ZetaChain collaborates extensively with developers and DApps in fields such as gaming, NFTs, social finance, and payments.

Asia Market Strategy

Asia remains the core region for Web3. ZetaChain collaborates with local ambassadors and communities and regularly participates in key events to ensure connectivity and responsiveness to the needs of developers and local communities.

Mainnet Launch Plan

As for the specific time of the mainnet launch, ZetaChain has not yet provided detailed information. Users can follow and subscribe to ZetaChain's social media accounts to stay updated on the latest news and announcements.