ZetaChain: Pioneering a New Paradigm for Blockchain Interoperability

In today's rapidly evolving blockchain technology landscape, the rise of multi-chain ecosystems has brought about new challenges. Some public chains overly rely on cross-chain bridges to introduce assets, leading to frequent security risks, which have sounded the alarm for the entire industry. Against this backdrop, ZetaChain has emerged as a forward-thinking full-chain interoperability platform, dedicated to addressing the fragmentation issues within the existing blockchain ecosystem.

The core team of ZetaChain brings together seasoned experts from well-known companies in the industry. These team members translate their rich 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, simplifying the development process of decentralized applications and enhancing user experience.

In the development of blockchain, interoperability has always been a core issue. ZetaChain not only provides innovative solutions on the technical level but also sets new standards in its implementation approach. Through its unique multi-party 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 full-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 set to transform the decentralized ecosystem in the Web3 era.

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 the 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 its simpler architecture, as it does not require deploying and managing a large number of contracts across different chains. Omnichain also enables interoperability on non-smart contract chains, providing Bitcoin users with a way to build Omnichain smart contracts.

ZetaEVM Module

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 using 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 collectively enhance the Omnichain capabilities of standard EVM contracts.

Multi-chain Functionality Implementation

ZetaChain does not require a third-party cross-chain bridge, as its own mechanism provides the functionality for cross-chain messaging and token transfers. ZetaChain focuses on moving native non-wrapped assets across 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 return the assets to the original chain.

Technical Foundation

ZetaChain uses the Comet BFT consensus engine to provide 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 the ZetaChain protocol team to develop modules that implement cross-chain messaging and support for omnichain contracts with fungible tokens.

Community Development Strategy

ZetaChain actively builds relationships with developers by participating in various activities, organizing hackathons, and releasing development documentation, helping them to build applications. They have cultivated a close relationship with developers, proactively seeking their feedback and suggestions. In addition, they have established an ecosystem grant program to support promising developers in Omnichain-related innovations on ZetaChain.

Future Development Direction

ZetaChain initially focused on DeFi projects due to the strong demand observed from users and developers in this area. Despite being in a bear market, the DeFi sector continues to maintain robust growth momentum. At the same time, they have also collaborated extensively with developers and DApps across various industries, including gaming, NFTs, social finance, and payments.

Asia Market Strategy

ZetaChain recognizes that Asia remains the core area of Web3. They collaborate with local ambassadors and communities, and regularly participate in key events to ensure they stay connected and responsive to the needs of developers and local communities.

Through these innovative technologies and strategies, ZetaChain is bringing new interoperability solutions to the blockchain industry, which is expected to promote further development and integration of the Web3 ecosystem.