Zeta Chain

 Zeta Chain

What is ZetaChain?

ZetaChain is the foundational, public blockchain that enables omnichain, generic smart contracts and messaging between any blockchain. It solves the problems of “cross-chain” and “multi-chain” and aims to open the crypto and global financial ecosystem to anyone. ZetaChain envisions and supports a truly fluid, multi-chain crypto ecosystem, where users and developers can move between and appreciate the benefits of any blockchain: payments, DeFi, liquidity, games, art, social graphs, performance, security, privacy, and so on.

Key features

Decentralized and public

ZetaChain is a decentralized and public blockchain network. It is built on Cosmos SDK and Tendermint Consensus. While many cross-chain solutions like bridges have varying, often centralized trust models that have a track record for being susceptible to exploits and hacks, ZetaChain is a Proof-of-Stake blockchain, where all transactions and activity on the platform — even cross-chain transactions — are fully transparent, verifiable, and function in a trust-minimized manner.

Hyper-connected nodes

ZetaChain’s nodes have observers that monitor transactions on every connected chain. Through ZetaChain’s TSS architecture, the network can sign and verify transactions on every connected chain as a wallet can. By being able to read and write to connected chains in a secure, decentralized manner, these hyper-connected nodes provide a seamless omnichain environment for developers to build novel and powerful cross-chain applications on top of.

Omnichain message passing

A developer can pass messages (data + value) between chains and layers with simple function calls. Through message passing, a dApp developer can build powerful cross-chain applications by simply implementing a few functions within their existing smart contracts.

Omnichain smart contracts

Smart contracts can be deployed natively on ZetaChain that can read/write to connected chains. ZetaChain is the only public blockchain to support smart contracts with this capability, enabling a new paradigm of app development.

Managed external assets

ZetaChain’s network and dApps built on top of ZetaChain can manage assets and vaults of external connected chains. This allows assets on any chain to be managed just as a smart contract on a single chain can manage assets on its respective chain. A dApp on ZetaChain can thus orchestrate and bring smart contract logic to any connected chain. This property applies to all chains, including non-smart-contract chains, like Bitcoin and Dogecoin.

What is ZETA?

ZETA is ZetaChain’s native coin, one of the first coins that is natively issued across many chains. ZETA is used for many aspects of the network, including as an intermediary token in the case of cross-chain value transfer. The coin is used as gas for the network, just as ETH is used on Ethereum, as well as for maintaining and incentivizing decentralization in the network — staking, bonding, slashing, and so on. These properties provably provide a sustainable foundation to the ZetaChain network’s security, longevity, and scalability, especially when compared to many other existing interoperability solutions which can be centralized, poorly incentivized, and unsustainable long-term. Any asset or data can still be transacted across any connected chain. Having ZETA as the denomination of value moving cross-chain also provides ZetaChain an extremely minimized attack surface that is not vulnerable to many of the exploits that many projects in the interoperability space are susceptible to.

How do fees work on ZetaChain?

A user pays for all fees within a single transaction when performing cross-chain actions through ZetaChain. All fees (ZetaChain network fees, destination gas fees) are bundled in a single transaction.

What is an omnichain dApp?

An omnichain dApp is a decentralized application that functions seamlessly across blockchains and layers through ZetaChain. This can take the form of smart contracts deployed on various chains which interact by passing messages and value through ZetaChain, smart contracts deployed directly on ZetaChain which manage assets on any or all connected chains, or some combination thereof.

Is ZetaChain a “sidechain”?

No, ZetaChain is an L1 smart-contract-enabled blockchain that has chain-agnostic interoperability built in. It is not a sidechain, rollup, or bridge.

How does ZetaChain compare to other solutions?

ZetaChain is, at the time of writing, unique in its support for chain-agnostiic omnichain dApps. No other blockchain enables fully interoperable smart contracts. This feature allows an unbounded platform to build omnichain and cross-chain applications that function as if everything lived on a single chain. Although some systems like Cosmos offer interoperability within the IBC ecosystem, ZetaChain brings seamless interoperabiliy to all chains, including non-smart-contract chains like Bitcoin and Dogecoin. As a blockchain and smart contract platform, ZetaChain provides a fully public, transparent, decentralized interoperability solution that supports both omnichain messaging and smart contracts. Developers on ZetaChain only need to implement their dApp logic, while ZetaChain handles the transaction of data and value across chains in a trust-minimized way. Rather than outsourcing security to third-party oracle and relay like LayerZero to transfer data/value across chains — which requires full trust from the users in the applications and relayer + oracle — ZetaChain provides a simpler and more robust trust model to transact across chains where a developer and user alike need only trust the network for the delivery of their data and value. Read more about other interoperability solutions and how they compare to ZetaChain in the whitepaper and Zetachain’s social media.

Zetachain Testnet participant

  1. Visit the ZetaChain testnet page
  2. Verify your Twitter account.
  3. Connect your Metamask wallet and change the network to Goerli.
  4. Now request some test ZETA.
  5. You will also need to have test assets on each chain to pay for the gas fees.
  6. Join their Discord channel to get the links to the faucets page for each chain.
  7. Now go to the “Swap” section and make swaps from one testnet chain to another.
  8. You will get ZETA points for trying out the testnet.
  9. Also earn more points for each referral.
  10. Also try to collect their NFTs from Galxe and complete their Guild tasks.
  11. They’ve confirmed to launch an own token called “ZETA” and early users who’ve done testnet actions may get an airdrop once they launch their token.
  12. Please note that there is no guarantee that they will do an airdrop. It’s only speculation.

Zeta Points

Exchange once a week and you will get 7000 zeta points and you can also generate 5000 zeta points by inviting your friends using the referral link. Don't forget to follow ZetaChain's social media to get information about zetachain and participate in other testnet programs from zetachain.

Source : ZetaChain

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