ZetaChain

Hello all.
Today I want to talk about ZetaChain. A project that I have seen from many others and I think this project has a future.
What is the main reason that this project could be the next diamond? Notice that ZetaChain wants to build smart contracts for Bitcoin and Dogecoin.
For one thing, it's something no one has done yet. Many have talked about it, but only ZetaChain is going to make it a reality.
Secondly, we have to understand that in the current times many cryptocurrencies have shown weakness, speculation and manipulation. Few cryptocurrencies remain truly decentralised. Bitcoin and Dogecoin are among the few.
The fact that the ZetaChain team is going to work smart contracts with these particular cryptocurrencies tells us that the project is fundamental and has come here for the long haul.

In their white paper, they say:
"Blockchain, pioneered by Bitcoin, is a decentralised and permissionless public ledger
built on cryptography. The core mechanism is byzantine fault tolerant distributed
consensus, which Bitcoin solved by a combination of techniques from cryptography,
economic incentives, and computer science. Key innovations in Bitcoin include the use
of elliptic curve digital signatures algorithm (ECDSA) for self-custody of funds, and the
use of Proof-of-Work to reach distributed consensus (ordering of the ever growing log of
transactions) and maintain resistance against sybil attacks. Bitcoin also introduces the
first major application of blockchain technology-a p2p cryptocurrency. The Bitcoin
network has been highly successful, even though it has not fulfilled its promise of
being electronic cash. Rather, Bitcoin has become the most secure, decentralised,
and stable store of value due to its technical simplicity and robustness, high degree
of decentralization and low barrier of participation, and predictable and conservative
monetary policy."

Strong, isn't it? Absolutely!

Now I want you to go further and read the technical part -
https://www.zetachain.com/ru-RU/whitepaper.pdf

ZetaChain sets clear targets and by studying their various documents, one gets the impression that this project could be one of the top 10 in the near future.

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ZetaChain is built on the Cosmos SDK and Tendermint Consensus. While many interchain solutions, such as bridges, have different, often centralised trust models that have a reputation for being vulnerable to exploits and hacks, ZetaChain is a Proof-of-Stake blockchain where all transactions and activities on the platform - even interchain transactions - are fully transparent, verifiable and operate with minimal trust.

The ability to write smart contracts that can read/write into any connected blockchain could create a new paradigm for application development. ZetaChain is the only public blockchain that supports smart contracts with this capability.

Next:
- Multi-chain profitability cultivation
- Crosschain-DEX
- Crosschain-Stableswap
- Omnichannel identity
- Cross-network proof of ownership
- Cross-network lending

All in one project, and we are also seeing several new technology trends. The project promises to be technologically advanced and to seriously compete with many existing and large projects.
I advise to pay attention to ZetaChain. Participate in the development of the project!

https://www.zetachain.com/

ZetaChain token (ZETA)

The ZETA token from ZetaChain is used to pay gas charges in the ZetaChain smart contract, and is additionally used to protect the ZetaChain POS blockchain through bonding/stacking/slashing.

ZETA also underpins ZetaChain crosschain translation, messaging, message delivery and security. ZETA is one of the first crosschain tokens to be initially issued in various blockchains and layers.

Users can directly move a ZETA token from any blockchain A to blockchain B. The mechanism is a one-way binding (i.e., burning X amount on blockchain A and then mincing X amount on blockchain B).

We use our own ZETA token to represent monetary crosschain because:

1. Unlike the more common two-way binding, there is no "wrapper" and hence no multiple representation of the same underlying asset.
2. The only (proprietary) cash that can be transferred between blockchains is the ZETA token, which reduces the attack surface, making it easier to understand auditing and therefore more secure. For example, we can check the total volume on the contract mint site.
3. Users can pay ZETA for the crosschain service provided by ZETA and for gas on the final blockchain.

The ZetaChain team has been developing crypto products since 2013.

Study the documents carefully:
https://www.zetachain.com/docs