ZetaChain (ZETA)

Zeta Chain is a layer 1 omnichain network that enables trustless cross-chain communication and asset transfers built on the Cosmos SDK. It seamlessly communicates with the majority of chain networks currently in existence and even supports non-smart contract networks such as Doge and Bitcoin networks, giving these chains smart contract capabilities.

When proceeding and validating information outside and inside the chain network, Zeta Chain relies on the supermajority (66%) of distributed nodes, which need to reach a consensus to approve any information or transaction. Node runners within the platform divided on three different types: 

• Validators confirm a transaction within ZetaChain, voting on block proposals with voting power proportional to the staked $ZETA coins. For their services, nodes receive block and gas fee rewards in $ZETA, proportional to their amount of staked tokens; 
• Observers are responsible for external data collection and validation. Similarly to validators, they need to reach a supermajority consensus to confirm that the data collected on external blockchains is valid;
• Signers are the last type of nodes that sign messages  for external chains, relying on super majority mechanism; 

For more info about the nodes in ZetaChain whitepaper.

The entire network is powered by its native ZETA coin, which serves as the foundation for ZetaChain’s anti-spam and DPoS (Delegated Proof of Stake) mechanisms via staking, delegating, and slashing. It also can be used as a universal multichain asset to pay fees and rewards for node runners. 

ZetaChain is currently working on the decentralization of the network by organizing a few IEO public rounds on market-leading exchanges such as Gate.io and OKX. Here’s a few pros and cons you need to consider before participating in ZetaChain public sale: 

ZetaChain Pros: 

• Great project concept; 
• Strong PR activity;
• Effective and creative growth marketing approach;
• Large, diverse and active community on social media.

ZetaChain Cons:

• There is almost no public information available on ZetaChain's main team members; 
• There is a slight confusion regarding the $ZETA tokenomics;
• The information on the past private raises is absent.