Zetachain (ZETA) was launched on February 1st. ZetaChain is a basic public blockchain designed to achieve message passing between full chains, universal smart contracts and any blockchain. By solving "cross-chain" and "multi-chain" issues, ZetaChain intends to open up the cryptocurrency and global financial ecosystem to everyone. The project envisions and supports a fluid multi-chain crypto ecosystem where users and developers can enjoy the benefits of any blockchain, including payments, DeFi, liquidity, gaming, art, social graph, performance, security, privacy, and more . ZETA is currently open for trading on HotsCoin.
Main features:
Decentralization and security:
ZetaChain is a decentralized public blockchain built on the Cosmos SDK and Tendermint Consensus.
Adopting a proof-of-stake mechanism to ensure that all transactions and activities are transparent, verifiable, and operate in a trust-minimized manner.
Hyper-connected nodes:
ZetaChain’s nodes monitor transactions on each connected chain through observers.
Using the TSS architecture, nodes can sign and verify transactions in a secure, decentralized manner on every connected chain, providing developers with a seamless full-chain environment.
Full chain smart contract:
Supports smart contracts to be deployed locally on ZetaChain, with the ability to read/write to connected chains.
It provides a new paradigm for application development, creating more flexible cross-chain applications for developers.
Cross-chain messaging:
Allows developers to pass messages, including data and values, between chains and layers through simple function calls.
Through messaging, dApp developers can build powerful cross-chain applications.
ZETA Token:
Total supply: 2,100,000,000 (two billion) ZETA.
Token Types: Wide range of uses, including governance, gas, transaction fee payments, and more.
Token Allocation: Specific allocation covers user growth pool, ecosystem growth fund, validator incentives, liquidity incentives, protocol treasury, core contributors, buyers and consultants.
Technology roadmap:
ZetaChain’s technology roadmap aims to make it a platform for universal access, simplicity, and utility. The initial mainnet launch includes all core features proposed by ZetaChain, such as the EVM layer, full-chain smart contracts, and cross-chain messaging.
Allocation details:
User Growth Pool (10%): Used to motivate users to use and expand ZetaChain’s user base, including airdrops, activities, etc.
Ecosystem Growth Fund (12%): Provides financial support to partners and developers who contribute to the ZetaChain ecosystem.
Validator Incentives (10%): Sustain and secure the growth of the network through a 4-year block emission allocation.
Liquidity Incentives (5.5%): Used to incentivize the provision of liquidity that can be used on zEVM, promoting the stability of the protocol and ecosystem.
Protocol Vault (24%): Used to improve the ZetaChain ecosystem, including cyber insurance, bug bounties, protocol development and bounties, and operations.
Core Contributors, Advisors and Buyers (22.5%): Used to reward core contributors, advisors and buyers who contribute to the ZetaChain network.
in conclusion:
As a public blockchain with cross-chain, full-chain smart contracts, ZetaChain provides users and developers with a rich blockchain experience through its unique features and comprehensive token distribution. The project’s technology roadmap and distribution strategy demonstrate its commitment to long-term sustainability and ecosystem health. With the support of the decentralized community, ZetaChain is expected to provide a powerful boost for blockchain interoperability and innovation.