PANews reported on May 15 that ZetaChain, a Layer 1 blockchain operator focused on interoperability, introduced ZetaChain 2.0 in its official blog, the first universal EVM for chain abstraction. These upgrades are proposed and developed by the decentralized ZetaChain community, focusing on the Chain Abstraction Framework (CAF). Their goal is to unlock new potential use cases, such as universal proof of stake and universal applications, which can manage complex interactions, applications, and assets on external chains on behalf of users. The ZetaChain user community is actively developing these proposed upgrades in the public node repository. The upgrade will only be passed after the community approves it through an on-chain governance vote.
ZetaChain 2.0 is a series of proposed upgrades that expand the following current features of the general EVM stack: 1. Messaging and asset management become composable, supporting abstract processing of complex multi-step transactions and simplifying user operations. 2. General applications can combine user assets across multiple chains, and users only need to interact with one application on ZetaChain to enjoy application services on multiple chains. 3. General proof of stake allows users to pledge native assets (such as BTC, ETH, BNB) to ZetaChain's PoS, earn rewards, and enhance network security. 4. Added Bitcoin compatibility, IBC (inter-chain communication protocol), and additional chain integrations, enabling more users and wallets to access general applications on ZetaChain.