ZETA will be listed on Bitrue, a popular and user-friendly exchange that supports over 300 trading pairs. The listing will take place on January 31, 2024, and the trading pair will be ZETA/USDT. This is a great opportunity for ZETA holders and enthusiasts to access a new market and increase the exposure and adoption of ZetaChain. Let's find more info about ZETA in this article.
What is ZETAChain(ZETA)
ZetaChain (ZETA) is a novel L1 blockchain that has chain-agnostic interoperability built-in.This implies that it can interact and exchange data with any other blockchain, including Dogecoin and Bitcoin, which do not enable smart contracts. Without the usage of bridges or wrapped tokens, developers may create and implement apps that span several chains using ZetaChain's omnichain smart contracts. By offering a single point of entry into the cryptocurrency world, ZetaChain seeks to streamline and unify the ecosystem. Additionally, ZetaChain offers a community-driven platform called ZetaLabs where users can contribute to network testing and expansion. ZETA, the native token of ZetaChain, is utilized for rewards, governance, and network fees. There are 10 billion tokens in total supply of ZETA, and its price is now $0.12 USD.
The founder of ZetaChain is an early Coinbase employee and one of the creators of Basic Attention Token (BAT). The platform has also gathered some core contributors in the crypto space since its inception, including Ankur Nandwani (ex-Coinbase, Brave and 0x), Panruo Wu (early contributor to THORchain) and Brandon Truong (ex-BuzzFeed, Udacity and Yada). These are some of the people behind ZetaChain’s vision of creating a secure, simple, and cost-effective means to transmit value and information across blockchains and layers.
Why Is ZetaChain Different?
Being the first public L1 blockchain with interoperability built in, ZetaChain is special. This implies that it can interact and exchange data with any other blockchain, including Dogecoin and Bitcoin, which do not enable smart contracts. Without the usage of bridges or wrapped tokens, developers may create and implement apps that span several chains using ZetaChain's omnichain smart contracts. By offering a single point of entry into the cryptocurrency world, ZetaChain seeks to streamline and unify the ecosystem.
Some of the key features that make ZetaChain different are:
Decentralized and public: Anyone is welcome to join and utilize ZetaChain, a decentralized and open blockchain network.
Hyper-connected nodes: The observers on ZetaChain nodes keep an eye on all connected chains' transactions. This makes it possible to transfer values and send messages across chains on any blockchain.
Omnichain smart contracts: ZetaChain natively supports the deployment of smart contracts with read/write capabilities to linked chains. This provides non-smart contract networks like Dogecoin and Bitcoin with the power of programmability.
Managed external assets: Users don't need to wrap or lock assets that ZetaChain manages from other chains. From a single wallet, users can access and engage with all of their assets across any network.
Future-proof applications: ZetaChain enables developers to build and deploy applications that work across all chains, from a single place. This means that developers do not have to worry about choosing a blockchain ecosystem or updating their code to support new chains.
The ZETA Network: How Is It Secured?
The ZETA network is secured by a combination of encryption, consensus, and incentives. Here are some of the security features of ZETA:
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Encryption: ZetaChain uses matrix encryption strategies to ensure end-to-end network security. It employs Keeloq and AES128 for wireless communication and external data interfaces.
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Consensus: ZetaChain uses a novel consensus mechanism called ZetaBFT, which is based on Byzantine Fault Tolerance (BFT) and Proof-of-Stake (PoS). ZetaBFT can achieve fast finality, high throughput, and low latency, while ensuring network safety and liveness.
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Incentives: ZetaChain has a token economy that rewards nodes for participating in the network and penalizes malicious behavior. ZETA tokens are used for network fees, governance, and incentives. Nodes can stake ZETA tokens to become validators and earn rewards for securing the network