How Zetachain is Shaping the Future of Multichain Ecosystems
Paving the Way to Interoperability
ZetaChain key features:
- Founded 2021
- L1 smart-contract-enabled blockchain
- Proof-of-Stake blockchain
- Built on Cosmos SDK and Tendermint Consensus
- Coin: ZETA
- Phase: Testnet
- Financing Status: Early Stage VC
What is Zetachain?
ZetaChain is the foundational, public blockchain that enables omnichain, generic smart contracts and messaging between any blockchain.
How unique is Zetachain?
ZetaChain aims to solve the problem of interoperability. It is the only public blockchain where smart contracts can access and manage assets, data, and liquidity on any chain.
Specifically, it offers the following key uses:
- Trust-minimized cross-chain asset and data transfer
- Externally-managed smart contract capabilities for chains like Bitcoin & Dogecoin
- No wrapping of assets or bridges are needed to transfer values cross-chain
- Multichain NFTs, DAOs, governance, identity, and more.
- Seamless multichain DeFi; lending, staking, yield farming, and more.
- dApps liquidity across multiple networks
ZetaChain’s innovative approach marks the first time such interconnectivity has been made possible in the blockchain ecosystem.
About ZetaChain
ZetaChain is a new blockchain technology that has just released its whitepaper. Although the team is currently working through several aspects, their core idea is revolutionary and shows tremendous potential for the crypto industry.
Be part of the ZetaChain by getting involved in their incentivized testnet, which may enable you to become eligible for an airdrop in the future. Click here to be part of the airdrop.
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Disclaimer: The information provided in this article is for educational and informational purposes only and should not be construed as financial advice.
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