A New Era of Full-Chain Interoperability: The Innovative Path of ZetaChain

In the wave of diversified development of blockchain, many public chains have emerged, but the challenges of liquidity scarcity and capital depletion have come along with it. Some public chains overly rely on cross-chain bridges to introduce assets, and once security issues arise with the cross-chain bridges, the entire ecosystem faces a devastating blow, which undoubtedly sounds the alarm for the entire industry.

It is against this backdrop that ZetaChain was born. As a forward-looking omnichain interoperability platform, ZetaChain is committed to addressing 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 (DApps).

The core team of ZetaChain brings together senior experts from leading companies in the blockchain industry. These team members transform their extensive experience in the Web3 field and deep insights into market demands into ZetaChain's core technology and strategic direction. 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.

Interoperability has always been a core issue in the history of blockchain development. ZetaChain not only provides innovative technical solutions but also sets new 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 cross-chain interoperability and asset transfer platform by providing a full-chain account. The following is an in-depth interview with the ZetaChain team, revealing how this project is transforming the decentralized ecosystem in the Web3 era.

Technical Innovations of ZetaChain

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, allowing 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. Compared to cross-chain messaging, the advantage of Omnichain lies in its simpler architecture, 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 Bitcoin users with a way to build Omnichain smart contracts.

ZetaEVM Module

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 has developed a custom Cosmos SDK module, EVM contracts, and an off-chain observer named zetaclient, which together enhance the Omnichain capabilities of conventional 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 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, as once the cross-chain process is completed, users no longer rely on ZetaChain to transfer assets back 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.

Technical Foundation

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 the ZetaChain protocol team to develop modules that enable cross-chain messaging and support for interchangeable tokens in Omnichain contracts.

User and Developer Attraction Strategy

ZetaChain believes that for developers looking to build Web3 applications and services, choosing which chain to launch their products on is very challenging, and expanding to other chains is equally difficult. ZetaChain has built a vision of a single chain that can access all other chains, which resonates within the global developer community.

ZetaChain actively builds relationships with developers by participating in various events, organizing hackathons, and publishing development documentation to help them build applications. They cultivate a close relationship with developers, proactively seeking their feedback and suggestions. In addition, ZetaChain has also established an ecosystem grant program to support promising developers in undertaking Omnichain-related innovations on ZetaChain.

Ecological Planning

ZetaChain's initial focus was on DeFi projects because they observed a strong demand from users and developers in this area. Despite currently being in a bear market, the DeFi sector continues to maintain strong development momentum, making it reasonable to have a robust demand for multi-chain expansion and growth. 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

Asia remains the core hub of Web3. ZetaChain takes pride in the communities established in Asia and their enthusiasm for the platform. They collaborate with local ambassadors and communities, regularly participating in key events to ensure they stay connected and responsive to the needs of developers and the local community.

ZetaChain's innovation brings new possibilities for blockchain interoperability, paving new paths for the development of decentralized applications and user experience. With the mainnet launch approaching, ZetaChain is expected to play an important role in the field of cross-chain interoperability, promoting the further development of the Web3 ecosystem.