ZetaChain is a public blockchain, an OmniChain solution that has common smart contracts and the ability to exchange data with any other blockchains. The platform is designed to solve the problem of cross-chain transactions and combine the liquidity of all existing blockchains, creating a global financial ecosystem.
Key Features
Decentralization and transparency. ZetaChain is built on the Cosmos SDK and Tendermint, which allowed us to create a truly decentralized network. All transactions, including cross-chain transactions, are completely transparent and verifiable.
Hyperconnected nodes. The network nodes have observers who monitor the transactions of all connected blockchains. Thanks to the specific ZetaChain TSS architecture, nodes can verify and sign transactions on connected blockchains. Thanks to this, developers have a seamless environment for creating cross-chain decentralized applications (dApps).
OmniChain smart contracts. Smart contracts deployed in ZetaChain have the ability to read and write in connected blockchains, even those that do not support smart contracts (for example: Bitcoin, Dogecoin, etc.). It becomes possible to transfer data between blockchains and layers using simple function calls that can be implemented in existing smart contracts.
Management of external assets. The ZetaChain network allows applications built on top of ZetaChain to manage the assets and storage of externally connected blockchains. This way, developers can implement smart contract logic into blockchains that do not initially have this capability.
How does ZetaChain work?
ZetaChain works on the basis of Proof-of-Stake (POS), built on the Cosmos SDK and the Tendermint consensus mechanism, which made it possible to achieve a block generation time of no more than 5 seconds and the possibility of instant finalization that does not require confirmation. The consensus mechanism made it possible to scale up to 300 validator nodes in the transaction processing environment (in the future it is planned to expand this number to 1000+ nodes). Thanks to the use of Tendermint, the potential throughput is 100 transactions per second.
ZetaChain consists of a distributed network of validator nodes that act as third-party observers, verifying and updating state on external blockchains by signing a distributed key.