ZetaChain: Revolutionizing Interoperability for Seamless Asset Flow Across All Chains

In the wave of the multi-chain era, numerous public chains have emerged, but they also face challenges of liquidity withdrawal and capital depletion. 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 heavy blow, sounding an alarm for the whole industry.

Against this backdrop, ZetaChain has emerged. As a forward-looking omnichain interoperability platform, ZetaChain is committed to addressing the fragmentation and limitations within 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 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 ZetaChain's core technology and strategic direction. Their shared vision is to build a blockchain that can serve as a passport in 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 offers innovative technical solutions but also innovates the standards in its implementation. Through its unique multiparty computation system and threshold signature scheme, ZetaChain achieves interoperability with traditional non-smart contract chains such as Bitcoin and Dogecoin.

In an interview, the ZetaChain team elaborated on how they are committed to becoming a true cross-chain interoperability and asset transfer platform by providing full-chain accounts. Below is an in-depth conversation with the ZetaChain team that reveals how this project brings transformation to the decentralized ecosystem in the Web3 era.

Core Advantages of ZetaChain

The core contributors of ZetaChain, after participating in multiple Web3 projects, recognized the necessity of establishing ZetaChain and the concept of the "only blockchain needed." Currently, developers of decentralized applications face complexity issues when building products for multiple chains, and this step is essential for seizing opportunities in the Web3 market. They also often need to consider how to ensure that the product can adapt to future technological developments and changes. ZetaChain not only addresses these issues but also simplifies the user experience.

Achieving Universal Interoperability

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 chain, which allows for 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 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 it is architecturally simpler, as it does not require the deployment and management of a large number of contracts across different chains. Omnichain also enables interoperability on non-smart contract chains such as Bitcoin, effectively providing a way to build Omnichain smart contracts for Bitcoin users.

ZetaEVM Module

ZetaChain utilizes 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 conventional EVM contracts.

Multi-chain functionality implementation

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 makes the entire process more secure because once the cross-chain operation is completed, users no longer rely on ZetaChain to return assets 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 operations such as cross-chain trading, and end users do not interact with them directly.

Technology 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-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 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 difficult, and scaling to other chains is equally challenging. The vision of building 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 publishing development documentation, helping them to build applications. Additionally, an ecosystem grant program has been established to support promising developers in making Omnichain-related innovations on ZetaChain.

Future Ecological Planning

ZetaChain's initial focus was on DeFi projects, as there was a strong demand from users and developers in this area. Even though we are currently in a bear market, the DeFi sector continues to maintain strong momentum, so it makes sense that there is robust demand for multi-chain expansion and growth. However, ZetaChain also collaborates widely with developers and DApps across various industries, including gaming, NFTs, social finance, and payments.

Asia Community Strategy

Asia remains the core region of Web3. ZetaChain is proud of the communities established in Asia and their enthusiasm for the platform. By collaborating with local ambassadors and communities, and regularly participating in key events, we ensure that we stay connected and responsive to the needs of developers and local communities.

Mainnet Launch and Airdrop Plan

Regarding the specific launch time of the mainnet, ZetaChain currently cannot provide detailed information. However, it is recommended to follow and subscribe to their social media accounts to ensure you can stay updated with the latest news and announcements.