🟣What is ZetaChain?

👉🏻 ZetaChain is the foundational, public blockchain that enables omnichain, generic smart contracts and messaging between any blockchain.

Zetachain is the world’s first and only blockchain that connects everything. It facilitates cross-chain and cross-layer value transfer, message delivery, and smart contract calls – thus enabling for the first time omnichain dApps (odApps) which can leverage liquidity on multiple networks and read and update states on all connected networks.

There has been a cambrian explosion in crypto over the past few years. As developers have created thousands of novel DeFi and NFT apps, there has been a surge of users who are experiencing crypto for the first time. However, the experience for both developers and users has become suboptimal and this is especially true when it comes to supporting multiple networks (L1 blockchains like Ethereum and BSC and Layer 2 solutions like Polygon and Optimism) and moving assets across networks.

Developers looking to support multiple networks end up with the complexity of maintaining their dApps on multiple networks, each with their own challenges and limitations. At the same time, users looking to get the best yields and use different dApps end up using different bridges to move assets across networks. Each of these bridges has their own custom wrapped tokens and trust models, which fragments liquidity and creates a confusing and costly user experience for users – multiple interfaces, paying for multiple transactions, and so on. Although many projects are working towards interoperability, the ecosystem has grown more fragmented than ever.

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.

❇️ ZETACHAIN HAS REACHED TOTAL OF 1.8M+ CROSSCHAIN TRANSACTIONS, & TOTAL 30M+ TOTAL TRANSACTIONS WITH 107 dAPP CONTRACT TILL NOW❇️

4,00,000 + Users ☑️

🟣What we can do with ZetaChain?

👉🏻 ZetaChain includes a Proof of Stake (PoS) blockchain built on Cosmos SDK which is connected to external blockchains (e.g., Ethereum, BSC, Solana, Avalanche, Terra, Bitcoin) and layers (e.g., Polygon, Optimism, Arbitrum) in a decentralized (without a single point of failure, trustless, permissionless), transparent, and efficient way.

With ZetaChain, we will enable developers to build odApps with the same ease as developing dApps for a single network like Ethereum or Polygon while being able to leverage composability across networks.

ZetaChain provides two ways for users and developers to utilize its cross-chain capabilities. First, ZetaChain provides EVM compatible smart contracts so developers don’t need to learn another language .

Furthermore, ZetaChain has built-in decentralized bridges to and from all connected chains so that assets and data can enter and exit ZetaChain with ease and ZetaChain will be a programmable public computer that directly reads and updates states on all the connected networks. The application logic primarily lives on ZetaChain while the states primarily live on external chains.

Zetachain can easily customize their existing Ethereum dApps to function across all connected networks.

Second, ZetaChain will be a programmable public computer that directly reads and updates states on all the connected networks. The application logic primarily lives on ZetaChain while the states primarily live on external chains.

[ ZetaChain has built-in decentralized bridges to and from all connected chains so that assets and data can enter and exit ZetaChain with ease and ZetaChain will be a programmable public computer that directly reads and updates states on all the connected networks ]

🔊With ZETACHAIN developers can built some of these applications 👇🏻👇🏻

✅Cross-chain DEXes in native tokens without wrapping

✅ Omnichain smart contracts that can monitor and perform events on all connected chains

✅ Omnichain NFT apps

✅ Cross-chain lending and yield protocols

✅ Decentralized and fault tolerant bridges

🪙 ZETA TOKEN 🪙

Zeta token is the main token of Zetachain Ecosystem. ZETA is used to pay the gas fees for ZetaChain smart contact and additionally used to secure the PoS ZetaChain blockchain by bonding/staking/slashing.

Zeta Token is also a basic token of cross-chain transfer, swaps, message delivery, and security. ZETA is one of the first multi-chain tokens that is natively issued across multiple chains and layers.

represent value cross-chain because:

Unlike the more common two-way pegging, there is no wrapping and therefore no multiple representation of the same underlying asset.

The only (native) value that can go cross-chain is via the ZETA token, which reduces attack surface, resulting in an easier to understand audit and therefore higher security. For example, we can check total supply at the contract mint site.

Users can pay ZETA for the cross-chain service that ZETA provides, and for gas on the destination chain.

User Can directly move zeta token form one chain(A) to another chain (B)

A – B

➡️Omnichain Smart Contracts

With Omnichain Smart Contracts, developers are now able to write and deploy EVM-compatible smart contracts on ZetaChain that have access to ZetaChain’s universal connectivity. This means developers can leverage the existing robust Ethereum smart contract ecosystem to build truly interoperable applications on top of ZetaChain – as if everything were on a single chain. Omnichain Smart Contracts enable a new paradigm of application building as ZetaChain easily manages and orchestrates native assets on all connected chains in a single place.

➡️ZetaEVM (zEVM) and the ZRC-20 Standard

ZetaEVM (zEVM) is a module on top of the ZetaChain network that allows users to create and deploy EVM-compatible Omnichain Smart Contracts, which can read, write, or manage data and liquidity on any connected chain from a single place. We also introduce a new standard called ZRC-20, which enables these Omnichain Smart Contracts to manage native assets on connected chains. With ZRC-20, developers can build applications that use and transact native fungible tokens such as Bitcoin, ERC-20s, and Gas Assets, all on a single chain.

➡️Bitcoin Smart Contracts

One trailblazing advancement made possible by Omnichain Smart Contracts and ZRC-20 is the ability for developers to deploy contracts on ZetaChain that control Bitcoin natively. In other words, ZetaChain gives Bitcoin, a largely untapped ecosystem, smart contract capabilities. These smart contracts orchestrate not only Bitcoin, but also Bitcoin together with assets and data from other chains. So users can now trade and use Bitcoin with any assets in the DeFi world without wrapping, thereby avoiding the risk of bridge/vault hacks. We expect this feature to boost growth in DeFi by orders of magnitude.

➡️One Contract For All Chains

Omnichain Smart Contracts significantly lower omnichain development overhead and have a simpler security profile compared to pure messaging. With messaging, developers must deploy individual contracts to every single chain and handle timing and race conditions, which result in substantially more attack surface and development time. With Omnichain Smart Contracts, developers can deploy a single contract that manages assets everywhere. This allows for less code (less smart contract attack surface), fewer deployments (less operational security attack surface and fragmentation), stronger transaction atomicity, and a central place to manage the state of omnichain applications.

➡️There are Less fees on ZetaChain

because the single contract we use for transactions manages multiple native tokens. Complex logic in contracts on ZetaChain will orchestrate assets across all connected external chains through simple transfers, which minimizes total gas expenditure and slippage. On the other hand, messaging requires substantially more gas on external chains because verification and parsing of data happens on both inbound and outbound. With ZRC-20, inbound and outbound transactions on external chains are simple transfers which use minimal gas (like doing a simple Send to another address in your wallet). All real logic occurs in ZetaChain where fees are bundled for users in a single step.

_____________________________________ZETACHAIN building truly interoperable omnichain products with developer community and usher in a new era of user experience for us…..!

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