Zeta Chain

What is ZETA?

What is Zetachain?
Zetachain is a Proof of Stake (PoS) blockchain built on the Cosmos SDK that is connected to external blockchains (e.g. Ethereum, BSC, Solana, Avalanche, Terra, Bitcoin) and layers (e.g. Polygon, Optimism, Arbitrum) decentralized, transparent and in an efficient way.

ZetaChain is the foundational, public blockchain that enables omnichain, generic smart contracts and messaging between any blockchain. It solves the problems of “cross-chain” and “multi-chain” and aims to open the crypto and global financial ecosystem to anyone. ZetaChain envisions and supports a truly fluid, multi-chain crypto ecosystem, where users and developers can move between and appreciate the benefits of any blockchain: payments, DeFi, liquidity, games, art, social graphs, performance, security, privacy, and so on.

Key features
Decentralized and public
ZetaChain is a decentralized and public blockchain network. It is built on Cosmos SDK and Tendermint Consensus. While many cross-chain solutions like bridges have varying, often centralized trust models that have a track record for being susceptible to exploits and hacks, ZetaChain is a Proof-of-Stake blockchain, where all transactions and activity on the platform-even cross-chain transactions-are fully transparent, verifiable, and function in a trust-minimized manner.

What is ZETA?
ZetaChain’s coin ZETA is used to pay the gas fees for ZetaChain smart contracts and additionally used to secure the PoS ZetaChain blockchain by bonding/staking/slashing. ZETA is also at the core of ZetaChain’s cross-chain transfer, swaps, message delivery, and security. ZETA is one of the first multi-chain coins that is natively issued across multiple chains and layers.

What is an omnichain dApp?
An omnichain dApp is a decentralized application that functions seamlessly across blockchains and layers through ZetaChain. This can take the form of smart contracts deployed on various chains which interact by passing messages and value through ZetaChain, smart contracts deployed directly on ZetaChain which manage assets on any or all connected chains, or some combination thereof.

Upon detection of the very deep re-organization, ZetaChain will halt and the recovery would be a social process between various stakeholders including ZetaChain validators and team, dApps developers, and end users. The dApps developers should build in the capability to resolve inconsistent states due to the very deep re-organization. The dApps should also configure the confirmation count accordingly to strike balance between transaction speed and finality---for example, a multi-chain NFT dApp should use a high confirmation number (such as 30 confirmation on Ethereum), whereas a cross-chain DEX could use a smaller value (such as 12 confirmations on Ethereum) because DEX deals with fungible tokens therefore the loss can be socialized.

Investors and partners
There is no information about investors and funding rounds yet. According to many sources, angel investors Jaynti Kanani (Founder of Polygon), Kim Hee-sun (Hashed), Dan Romero (Binance) invested in the project.