The New Force in the Multi-Chain Era: How ZetaChain Achieves Full Chain Interoperability

As the multi-chain ecosystem is thriving, many public chains are also facing the challenge of funding depletion. Some public chains rely on cross-chain bridges to introduce assets, but when security issues arise with cross-chain bridges, the entire ecosystem may suffer a devastating blow. This situation has sounded the alarm for the entire industry.

In this context, ZetaChain was born. As a forward-looking full-chain interoperability platform, ZetaChain is committed to addressing the fragmentation and limitations of 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 well-known companies in the industry. These team members translate 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 the user experience.

In the development of blockchain, interoperability has always been a core issue. ZetaChain not only provides innovative solutions technically but also sets new 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 a full chain account. Below is an in-depth interview with the ZetaChain team, revealing how this project is bringing transformation to the decentralized ecosystem in the Web3 era.

Core Contributions and Vision of ZetaChain

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 the development and changes of future technologies. ZetaChain not only addresses these issues but also simplifies the user experience. These challenges directly stem from the team's previous work experience in the cryptocurrency industry.

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 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 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 deploying and managing a large number of contracts on different chains. Omnichain also makes it possible to provide interoperability on non-smart contract chains, effectively offering users of these chains a way to build Omnichain smart contracts.

Features of the 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 developed a custom Cosmos SDK module, EVM contracts, and an off-chain observer called zetaclient, which together enhance the Omnichain capabilities of conventional EVM contracts.

ZetaChain's Cross-Chain Solution

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 enhances security, as once the cross-chain transfer is completed, users no longer rely on ZetaChain to transfer the assets back 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 like cross-chain trading, and end users do not interact with them directly.

Technical Selection and Advantages

ZetaChain adopts the Comet BFT consensus engine, providing 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 modular nature of the Cosmos SDK enables ZetaChain to develop modules that implement cross-chain messaging and support for fungible token Omnichain contracts.

Ecological Development Strategy

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

Future Development Direction

ZetaChain initially focuses on DeFi projects because it has observed a strong demand from users and developers in this area. Despite the current bear market environment, the DeFi sector continues to maintain a strong momentum of development, with a robust demand for multi-chain expansion and growth. At the same time, ZetaChain also collaborates widely with developers and DApps across various industries, including gaming, NFTs, social finance, and payments.

Asia Market Strategy

Asia remains the core of Web3. ZetaChain collaborates with local ambassadors and communities and participates regularly in key events to ensure connectivity and responsiveness to the needs of developers and local communities.

There is currently no detailed information available regarding the specific launch time of the mainnet. Interested users can follow ZetaChain's social media accounts for the latest news and announcements.