ZetaChain: Creating a full-chain interoperability platform, ushering in a new era of Web3

In the wave of the multi-chain era, numerous public chains are emerging, but they also face challenges such as liquidity withdrawal and funding exhaustion. Some public chains rely on cross-chain bridges to introduce assets, and when security issues arise with the cross-chain bridges, the entire ecosystem suffers a heavy blow, sounding the alarm for the whole industry.

Against this backdrop, ZetaChain was born. As a forward-looking full-chain interoperability platform, ZetaChain aims to address the issues of fragmentation and limitations within 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.

The core team of ZetaChain brings together seasoned industry experts from well-known companies in the field. These team members translate their extensive experience in the Web3 domain 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 blockchain, interoperability has always been a core issue. ZetaChain not only provides innovative solutions technically but also sets new standards in 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 interview with the ZetaChain team, revealing how this project is transforming the decentralized ecosystem in the Web3 era.

ZetaChain's Technological Innovations

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 this TSS account. Since the TSS account is a conventional external account, it does not need to execute smart contract logic on the connected chain, which allows for 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 is that the architecture is simpler, as it does not require deploying and managing 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.

Features of the ZetaEVM Module

ZetaChain uses the Ethermint Cosmos SDK module to provide 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.

The Cross-Chain Advantages of ZetaChain

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

Advantages of Technical Selection

ZetaChain adopts the Comet BFT consensus engine, providing instant transaction finality, high throughput, and reliability. The Cosmos SDK offers developers a set 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 omnichain contracts with interchangeable tokens.

User and Developer Attraction Strategies

ZetaChain actively builds relationships with developers by participating in various activities, organizing hackathons, and publishing development documentation to help them build applications. They have cultivated a close relationship with developers, actively soliciting feedback and suggestions from them. In addition, ZetaChain has also established an ecosystem grant program to support promising developers in conducting Omnichain-related innovations on ZetaChain.

Ecological Planning and Key Directions

ZetaChain's initial focus was on DeFi projects, as they observed strong demand from users and developers in this field. Despite the current bear market environment, the DeFi sector continues to maintain strong momentum in development. 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

ZetaChain recognizes that Asia is the core area of Web3. They collaborate with local ambassadors and communities, and regularly participate in key events to ensure they stay connected and responsive to the needs of developers and local communities.

Mainnet Launch and Possible Airdrop

As for the specific launch time of the mainnet, ZetaChain has not yet announced detailed information. Interested users can follow and subscribe to their social media accounts to ensure they stay updated on the latest news and announcements.