⚡️Zetachain - The First Omnichain Concept
@zetablockchain, a novel concept in the crypto market. Offering a compelling option for developers and users seeking to leverage the benefits of mining on any blockchain.
🧵Let's dive into an overview of Zetachain
1/ What is Zetachain?
Zetachain is an omnichain platform addressing the gap between "cross-chain" and "multichain", aiming to expand crypto and global financial ecosystems for everyone.
It supports mobility and a multichain ecosystem within crypto, enabling users to harness any blockchain's benefits: Payments, DeFi, Liquidity, Games, Arts, Social Graphs, Security, and more.
2/ Key Features of Zetachain:
🔥Decentralized and public: Built on Cosmos SDK and Tendermint Consensus, Zetachain is a decentralized and public blockchain network.
🔥Hyper Node: Zetachain's nodes oversee transactions across all connected chains.
3/
🔥Omnichain smart contracts: Smart contracts deployed on Zetachain can read/write to connected chains.
🔥Managed external assets: Enables asset management across any chain, similar to a smart contract on a single chain managing assets on corresponding chains.
4/
🔥Cross-chain message passing: Developers can transmit messages (data and value) between chains and layers, enabling robust cross-chain Dapps with just a few functions deployed within their existing smart contracts.
5/ Zetachain Ecosystem:
Zetachain's ecosystem is relatively robust for a Layer1 blockchain with the project's current raised capital. The project continues to develop and build new Dapps in the future.
6/ Investors:
The project has been invested in by GSR, CTM Holdings, with funding of up to $27M. However, these are Tier 3 funds, not highly rated or well-known in previous investment deals.
7/ Conclusion:
Zetachain presents a promising option for users and developers seeking an omnichain solution.
Disclaimer: This thread is for informational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions
