ZetaChain: Pioneering a New Era of Cross-Chain Interoperability

In today's thriving blockchain technology landscape, various public chains are emerging one after another, but many face the challenge of insufficient liquidity. Some public chains overly rely on cross-chain bridges to introduce assets, and when security issues arise with these bridges, the entire ecosystem suffers a severe blow. This situation not only affects individual projects but also serves as a wake-up call for the entire industry.

Against this backdrop, ZetaChain has emerged. As a forward-looking full-chain interoperability platform, ZetaChain aims to address the fragmentation and limitations present in 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 (DApps).

The core team of ZetaChain brings together senior experts from well-known companies in the industry. These team members transform 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 build a blockchain that can serve as a passport to the Web3 world, thereby simplifying and accelerating the development of decentralized applications and user experience.

In the development of blockchain, interoperability has always been a core issue. ZetaChain not only provides innovative solutions technically 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 a full-chain account. Below is an in-depth conversation with the ZetaChain team, revealing how this project is bringing transformation to the decentralized ecosystem in the Web3 era.

Core Technology and Vision of ZetaChain

The core contributors of ZetaChain recognized the necessity of establishing 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 essential to seize opportunities in the Web3 market. They also often 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.

Technical Details for Achieving Universal Interoperability

ZetaChain uses 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 regular external account, it does not need to execute smart contract logic on the connected chains, 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 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. 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 enables interoperability on non-smart contract chains like Bitcoin, effectively providing a way to build Omnichain smart contracts for Bitcoin users.

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 modules. To achieve Omnichain functionality, the ZetaChain team developed a customized Cosmos SDK module, EVM contracts, and an off-chain observer called zetaclient, all of which enhance the Omnichain capabilities of regular EVM contracts.

ZetaChain's Multichain Functionality Implementation

ZetaChain does not require a third-party cross-chain bridge, as its own mechanism provides cross-chain messaging and token transfer functionality. ZetaChain focuses on moving native non-wrapped assets between different chains, allowing users to receive native tokens on the target chain. This method enhances security because once the cross-chain transaction is completed, users no longer rely on ZetaChain to transfer assets back to the original chain.

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

Technology Selection and Performance 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 the ZetaChain protocol team to develop modules that implement cross-chain messaging and support for fungible token Omnichain contracts.

Strategies to Attract Users and Developers

ZetaChain actively builds relationships with developers by participating in various events, organizing hackathons, and releasing development documentation, helping them build applications. The team maintains close contact with developers, actively seeking feedback and suggestions. In addition, an ecosystem grant program has been established to support promising developers in making Omnichain-related innovations on ZetaChain.

Future Ecological Planning

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 environment, the DeFi sector continues to maintain strong growth momentum. 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 area of 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 the local community.

Mainnet Launch and Airdrop Plan

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