ZetaChain is a unique blockchain that supports smart contracts and can connect with various blockchains, including those with smart contracts like Ethereum, Solana, and even those without like Bitcoin and Litecoin.
What is ZetaChain
Here's how it works:
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Omnichain Support: ZetaChain can work with many different blockchains, whether they use smart contracts or not.
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Proof-of-Stake (PoS) Blockchain: It uses a PoS system, which is a way to secure the blockchain and validate transactions.
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Observers and Signers:
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Observers: They scan other blockchains for important events and transactions and agree on what they see on the ZetaChain blockchain.
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Signers: They hold a special key that lets them send authenticated messages and handle assets on other blockchains. They use a Threshold Signature Scheme (TSS) for this.
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Smart Contract Functionality: Smart contracts on ZetaChain can execute actions based on events happening on external blockchains. They can also update states on other blockchains using TSS signed transactions.
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Direct Interactions with Different Blockchains: ZetaChain allows decentralized apps (dApps) to interact with various blockchains directly. This means there's no need for wrapping or bridging assets.
In summary, ZetaChain offers a way for dApps to seamlessly interact with multiple blockchains, enhancing their functionality and connectivity without the need for complex bridging solutions.
Team of ZetaChain
Brandon Truong
Head of Product
Brandon Truong holds the role of Head of Product at ZetaChain. Founded the social platform Yada (was acquired in 2020). Previously worked in the product department at Udacity and BuzzFeed. Education consists of Symbolic Systems at Stanford University.
ZetaChain review
Pros
Robust Infrastructure
Built on Cosmos SDK, offers decentralized, transparent, and efficient connections to external blockchains.
Cross-Chain Functionality
Enables EVM-compatible smart contracts across networks with integrated bridges for funds flow.
Programmable Public Computer
Can directly read and update states on connected networks, with logic on ZetaChain and states on external chains.
Cons
Unknown Team
Some team members' identities are undisclosed, creating security concerns.
Scalability Limits
May face scalability issues at 4000 transactions per second under global adoption.