ZetaChain is a layer 1 omnichain blockchain network with built-in chain-agnostic interoperability. It is the only decentralized network and smart contract platform that enables message passing between any blockchain by design. The platform is powered by its native ZETA token, facilitating security, anti-spam, and gas asset functions within the ZetaChain network.
Zetachain labs has already conducted several funding rounds, including a Seed round, a recent IEO on Gate.io, and an upcoming IEO round on OKX, raising over $27M in total.
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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:
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 is the first public Layer 1 network that allows omnichain, generic smart contracts, and messaging between any blockchain network. It is powered by its native ZETA token, which plays a vital role in the security of the network and the Delegated Proof of Stake mechanism. With the $ZETA token, users can also pay gas fees within not just ZetaChain but external chain networks as well.
Recently, ZetaChain announced an airdrop of $ZETA for testnet participants, analyzing over 1.3M wallet addresses potentially eligible for retrodrop. However, the exact amount of tokens allocated for retrodrop, as well as rewards for eligible participants, remains unannounced.
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