ZetaChain: A Full-Chain Interoperability Platform for Seamless Connection in the Blockchain Ecosystem

In the wave of the multi-chain era, a large number of public chains are emerging, but accompanying this are issues of liquidity withdrawal and funding depletion. Some public chains rely on cross-chain bridges to introduce assets; however, when security vulnerabilities occur in these cross-chain bridges, the ecosystems of these public chains 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 is committed to solving the fragmentation and limitations in the existing 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 (DApps).

The core team of ZetaChain brings together experienced industry experts from well-known companies in the field. These team members translate their rich experience in the Web3 space and deep insights into market demands into the core technologies 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 blockchain, interoperability has always been a core issue. ZetaChain not only provides innovative solutions on a technical level but also innovates standards in its implementation methods. 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 blockchain interoperability and asset transfer platform by providing full-chain accounts. The following is an in-depth interview with the ZetaChain team, revealing how this project is bringing transformation to the decentralized ecosystem in the Web3 era.

Technical Innovations and Interoperability Achievements of ZetaChain

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 a Threshold Signature Scheme (TSS), validators can sign transactions from the 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 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 a token transfer 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 that the architecture is simpler, requiring no deployment and management of a large number of contracts across 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.

ZetaEVM Module and Smart Contracts

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 regular EVM contracts.

Multi-chain Functionality Implementation

ZetaChain does not require third-party cross-chain bridges, as its own mechanism provides cross-chain messaging and token transfer functionality. ZetaChain focuses on moving native unwrapped assets between different chains, allowing users to receive native tokens on the target chain. This approach enhances security, as once the cross-chain transfer is completed, users no longer rely on ZetaChain to transfer assets back 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 Performance

ZetaChain adopts 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 implement cross-chain messaging and support for fungible token Omnichain contracts.

User and Developer Attraction Strategy

ZetaChain actively builds relationships with developers by participating in various activities, organizing hackathons, and releasing development documentation, helping them build applications. The team has cultivated close relationships with developers, proactively seeking feedback and suggestions. Additionally, an ecosystem grant program has been established to support promising developers in conducting Omnichain-related innovations on ZetaChain.

Ecological Planning and Future Development

ZetaChain initially focuses on DeFi projects due to the strong demand observed in this field. Despite being in a bear market environment, the DeFi sector still maintains a strong development momentum, with robust demand for multichain expansion and growth. At the same time, ZetaChain also collaborates extensively with developers and DApps across various industries, involving areas such as gaming, NFTs, social finance, and payments.

Asia Community Strategy

Asia remains the core area of Web3. ZetaChain collaborates with local ambassadors and communities to regularly participate in key events to ensure connection and responsiveness to developers and local community needs.

Mainnet Launch and Potential Airdrop

There is currently no detailed information regarding the specific launch time of the mainnet. Interested users can follow and subscribe to ZetaChain's social media accounts to stay updated on the latest news and announcements.