ZetaChain: Pioneer of Full Chain Interoperability

In today's rapidly developing blockchain technology, the number of public chains has surged, but many face issues of insufficient liquidity and lack of funds. Some public chains overly rely on cross-chain bridges to introduce assets, and when security risks arise with these bridges, the entire ecosystem can suffer 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 was born. As a forward-looking omnichain interoperability platform, ZetaChain is dedicated to addressing the fragmentation and limitations present in the current blockchain ecosystem. By achieving seamless connectivity 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 seasoned experts from several well-known companies in the industry. These team members translate their extensive experience in the Web3 space and deep understanding of 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 for the Web3 world, thereby simplifying and accelerating the development process of decentralized applications while enhancing user experience.

Interoperability has always been a core topic in the development of blockchain. ZetaChain not only provides innovative solutions at the technical level but also establishes new standards in its implementation approach. Through its unique multiparty 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 cross-chain interoperability and asset transfer platform by providing a full-chain account. Below is an in-depth conversation with the ZetaChain team that reveals how this project is transforming the decentralized ecosystem in the Web3 era.

Core Contributors of ZetaChain and Their Experience Applications

The core contributors of ZetaChain recognized the necessity of building 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 crucial for seizing opportunities in the Web3 market. They also 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. These challenges stem directly from the team's previous work experience in the cryptocurrency industry.

ZetaChain Achieves Universal Interoperability Technology

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 the 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 allows 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 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, as there is no need to deploy and manage a large number of contracts across different chains. Omnichain also enables interoperability on non-smart contract chains, effectively providing users of these chains with a method to build Omnichain smart contracts.

Performance and Security 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 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 standard EVM contracts.

The Multi-Chain Functionality of ZetaChain

ZetaChain does not require a third-party cross-chain bridge, as its own mechanism provides the functionality for cross-chain messaging and token transfers. ZetaChain focuses on transferring native, unwrapped assets between different chains, allowing users to receive native tokens on the target chain. This approach makes the entire process more secure, as once the cross-chain transfer is complete, users no longer rely on ZetaChain (or anyone else) to return 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 end users do not interact with them directly.

Advantages of Technical Selection

ZetaChain uses the Comet BFT consensus engine, which provides 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.

ZetaChain's User and Developer Attraction Strategies

ZetaChain believes that for developers looking to build Web3 applications and services, choosing which chain to launch their products on is very difficult, and the process of scaling to other chains is equally complex. The vision of ZetaChain to build 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 events, organizing hackathons, and releasing development documentation to help them build applications. ZetaChain has fostered a close relationship with developers, proactively seeking their feedback and suggestions. Additionally, ZetaChain has established an ecosystem grant program to support promising developers in making Omnichain-related innovations on ZetaChain.

ZetaChain's Ecological Planning

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

ZetaChain's Perspective on the Asian Community

Asia remains the core region for Web3. ZetaChain is proud of the community established in Asia and their enthusiasm for ZetaChain. ZetaChain collaborates with local ambassadors and communities, regularly participating in key events to ensure connection and responsiveness to the needs of developers and local communities.

ZetaChain Mainnet Launch Plan

Regarding the specific launch time of the mainnet, ZetaChain is currently unable to provide detailed information. It is recommended to follow and subscribe to ZetaChain's social media accounts to stay updated on the latest news and announcements.