Pioneer of Full-Chain Interoperability Technology: ZetaChain Leads the New Era of Blockchain

In the context of the multi-chain era, numerous public chains have emerged, but accompanying this is the problem of liquidity retreat and capital exhaustion. Some public chains rely on cross-chain bridges to introduce assets; however, when security risks arise with these cross-chain bridges, the ecosystems of these public chains suffer severe blows, ringing alarm bells for the entire industry.

In such an environment, ZetaChain was born. As a forward-looking full-chain interoperability platform, it is dedicated 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.

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 create a blockchain that can serve as a passport to the Web3 world, thereby simplifying and accelerating the development of decentralized applications and user experiences.

Interoperability has always been a core issue in the development of Blockchain. ZetaChain not only provides innovative solutions technically but also innovates 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.

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 bringing transformation to decentralized ecosystems in the Web3 era.

Core Concepts and Technological Innovations of ZetaChain

The core contributors of ZetaChain recognized the necessity of building ZetaChain and the concept of the "only needed blockchain" 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.

In terms of technical implementation, ZetaChain employs 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 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 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, effectively providing Bitcoin users with a way to build Omnichain smart contracts.

ZetaChain has introduced the ZetaEVM module, allowing for the creation and deployment of EVM-compatible Omnichain smart contracts. ZetaChain utilizes 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 developed custom Cosmos SDK modules, EVM contracts, and an off-chain observer called zetaclient, which together enhance the Omnichain capabilities of conventional EVM contracts.

The Technical Advantages of ZetaChain

ZetaChain does not require a third-party cross-chain bridge because 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, as once the cross-chain is completed, users no longer rely on ZetaChain to return the assets to the original chain.

ZetaChain adopts 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 modularity of the Cosmos SDK allows ZetaChain's protocol team to develop modules that enable cross-chain messaging and support for interchangeable tokens in Omnichain contracts.

The Ecological Development of ZetaChain

ZetaChain actively builds relationships with developers by participating in various events, organizing hackathons, and publishing development documentation, helping them to construct applications. The team has cultivated close relationships with developers, proactively seeking their feedback and suggestions. In addition, ZetaChain has established an ecosystem grant program to support promising developers in conducting Omnichain-related innovations on ZetaChain.

ZetaChain initially focused on DeFi projects due to the strong demand from users and developers in this field. Despite currently being in a bear market environment, the DeFi sector continues to maintain strong momentum. At the same time, ZetaChain is also collaborating extensively with developers and DApps in areas such as gaming, NFTs, social finance, and payments.

In the Asian market, ZetaChain collaborates with local ambassadors and communities, regularly participating in significant events to ensure connectivity and responsiveness to the needs of developers and the local community.

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