Exclusive Interview with ZetaChain Innovative Interoperability Model, Achieving Free Flow of Assets across the Entire Chain

Exclusive Interview ZetaChain's Groundbreaking Interoperability Model Enables Seamless Movement of Assets Across the Entire Chain

In the wave of the multi-chain era, numerous public chains are emerging, but they are also accompanied by a decline in liquidity and depleted funds. Some public chains rely on cross-chain bridges to introduce assets, and when the security of these bridges is compromised, the ecological systems of these public chains are destroyed, sounding an alarm for the industry.

It is in this background that ZetaChain has emerged as a forward-looking omnichain interoperability platform. Its goal is to address the fragmentation and limitations of the existing blockchain ecosystem. By seamlessly connecting assets and data from different blockchain networks, ZetaChain provides new possibilities for the development and operation of decentralized applications (DApps).

The core team of ZetaChain consists of senior industry leaders from well-known companies such as Brave, Coinbase, ConsenSys, THORChain, Cosmos, and 0x Labs. These team members have translated their deep experience in the Web3 field and their profound insights into market demands into ZetaChain’s core technology and strategic direction. Their shared vision is to build a blockchain that can serve as a passport to the Web3 world, simplifying and accelerating the development of decentralized applications and enhancing user experiences.

In the history of blockchain development, interoperability has always been a core issue. ZetaChain not only provides a new solution in terms of technology but also innovates on implementation methods. Through its unique multi-party computation system and threshold signature scheme, ZetaChain achieves interoperability with traditional non-smart contract chains such as Bitcoin and Dogecoin.

• LD Capital Macro Review When will Hong Kong stocks start rebounding?
• Binance Bleeding Profusely, Coinbase Lying Down and Winning?
• Imagining RWA+ Game New Narrative Will it become the engine of this bull market?

As recently mentioned in an exclusive interview with LianGuaiNews, ZetaChain is striving to become a true omnichain interoperability and asset transfer platform by providing full-chain accounts. The following is an in-depth conversation with the ZetaChain team, revealing how this project is revolutionizing the decentralized ecosystem in the Web3 era.

LianGuaiNews: Can you first introduce the core contributors of ZetaChain and how they apply their experiences from blockchain projects or companies like Brave, Coinbase, and ConsenSys to ZetaChain?

ZetaChain: Our core contributors, after participating in multiple Web3 projects, recognized the necessity of building ZetaChain and the concept of “the only blockchain needed.” Currently, developers of decentralized applications face complexity when building products for multiple chains, and this step is essential for seizing Web3 market opportunities. They also often need to consider how to ensure that their products can adapt to the future development and changes in technology. ZetaChain not only solves these problems but also simplifies the user experience. These challenges directly derive from our team’s previous work experience in the crypto industry.

LianGuaiNews: Please provide a detailed explanation of how ZetaChain achieves general interoperability, particularly with traditional non-smart contract chains like Bitcoin and Dogecoin?

ZetaChain: ZetaChain adopts a multi-party computation system, where each signature validator holds a portion of the private key. On each connected chain, there is an account derived from this private key. Through Threshold Signature Scheme (TSS), validators can sign transactions from this TSS account. Since the TSS account is a regular external account, it does not need to execute smart contract logic on the connected chain, enabling interoperability even with chains like Bitcoin that lack smart contract support.

Tokens transferred to the TSS address on the connected chain will be converted into ZRC-20 wrapped tokens on ZetaChain. Extracting ZRC-20 from ZetaChain to the connected chain will trigger the transfer of tokens from the TSS address to the recipient.

LianGuaiNews: Can you give an example of how Omnichain technology enhances cross-chain use cases and asset transfers, and how it promotes the deployment and operation of DApps on ZetaChain?

ZetaChain: Omnichain contracts allow DApp developers to create inputs that can be accepted from any connected chain and trigger outputs to any connected chain’s DApps. Compared to cross-chain message passing, the advantage of Omnichain is that it is structurally simpler because it does not require deploying and managing dozens of contracts on different chains. Omnichain also enables interoperability on non-smart contract chains like Bitcoin, effectively providing a way to build Omnichain smart contracts for Bitcoin users.

LianGuaiNews: ZetaChain introduces the ZetaEVM module to allow the creation and deployment of EVM-compatible Omnichain smart contracts. What are the differences in performance and security compared to smart contracts on other platforms?

ZetaChain: ZetaChain uses the Ethermint Cosmos SDK module, which provides full EVM compatibility. In terms of single-chain performance and security, ZetaChain is comparable to other Cosmos blockchains that use the same EVM module. To achieve Omnichain functionality, the ZetaChain team has developed a custom Cosmos SDK module, EVM contracts, and an off-chain observer called zetaclient, which collectively enhance the Omnichain capabilities of regular EVM contracts.

LianGuaiNews: How does ZetaChain achieve multi-chain functionality without using cross-chain bridges or wrapped tokens? What are the differences and advantages compared to other projects?

ZetaChain: ZetaChain does not require third-party cross-chain bridges because its own mechanism provides cross-chain message passing and token transfers. ZetaChain focuses on moving native, non-wrapped assets between different chains, so users on the target chain receive native tokens. This approach makes the entire process more secure because once the cross-chain transfer is complete, users no longer rely on ZetaChain (or anyone else) to transfer assets back to the original chain.

While there are indeed ZRC-20 wrapped tokens representing assets transferred from the connected chain on ZetaChain. For cross-chain transactions and other operations, these wrapped tokens only exist during the transaction process and end users do not directly interact with them.

LianGuaiNews: ZetaChain is built on Cosmos SDK and Tendermint Consensus. How do these technology choices contribute to achieving fast block times and instant finality, and what are the differences compared to the technologies used by other blockchain platforms?

ZetaChain: ZetaChain uses the Comet BFT consensus engine, which provides instant transaction finality, high throughput, and reliability. The Cosmos SDK provides developers with a set of ready-to-use modules, such as staking modules, governance modules, and EVM-compatible layers. The modular nature of the Cosmos SDK allows the ZetaChain protocol team to develop modules that enable cross-chain message passing and support Omnichain contracts with interchangeable tokens.

LianGuaiNews: As of November 30th, ZetaChain’s testnet has over 1.34 million unique addresses, deployed nearly 40,000 contracts, and initiated over 31.77 million transactions. What strategies did ZetaChain adopt to attract users and developers?

ZetaChain: We believe that for developers who want to build Web3 applications and services, it is very difficult to choose which chain to launch their products on and to expand to other chains. We built a vision of a single chain that can access all other chains, which resonated within the global developer community. We actively build relationships with developers through participating in various events, organizing hackathons, and releasing development documentation to assist them in building applications. We cultivate close relationships with developers, actively seek their feedback and suggestions. In addition, we have established a Grants Program to support developers with potential innovations related to Omnichain on ZetaChain.

LianGuaiNews: Does ZetaChain have any focused project directions for its future ecosystem planning? Such as DeFi, NFT, or the gaming sector? Will there be a dedicated fund to support the development of ecosystem projects?

ZetaChain: Our initial focus is on DeFi projects because we have observed strong demand from users and developers in this field. Despite the bear market environment, the DeFi sector continues to maintain strong development momentum, making it logical to have a high demand for multi-chain expansion and growth. However, we also collaborate extensively with developers and DApps from various industries, including gaming, NFTs, social finance, and payments.

LianGuaiNews: How does ZetaChain view the acceptance and contribution of the Asian community to its platform? Are there any special strategies for the Asian community?

ZetaChain: Asia remains the core area of Web3. We are proud of the communities established in Asia and their enthusiasm for ZetaChain. We collaborate with local ambassadors and communities and regularly participate in key events to ensure our connection and response to the needs of developers and local communities.

LianGuaiNews: When is ZetaChain’s mainnet expected to launch? Will there be an airdrop? If so, what criteria will determine the airdrop whitelist?

ZetaChain: Regarding the specific time of the mainnet launch, we are currently unable to provide detailed information. But please follow and subscribe to our social media accounts to ensure that you can stay updated with our latest news and announcements.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!