ZetaChain: A Deep Dive into its Blockchain Protocol and Features

ZetaChain is a blockchain platform that aims to provide a secure and scalable solution for managing data from IoT devices. It uses a hybrid consensus algorithm and privacy features to ensure the integrity and confidentiality of data, making it a promising technology for various industries such as healthcare, logistics, and energy.

In this blog post, we will take a closer look at ZetaChain's blockchain protocol and features, including its consensus algorithm, privacy mechanisms, and use cases. We will also provide a step-by-step guide to setting up a test network and explore the project's current activities.

ZetaChain's Hybrid Consensus Algorithm

ZetaChain uses a hybrid consensus algorithm that combines Proof of Stake (PoS) and Practical Byzantine Fault Tolerance (PBFT) mechanisms. PoS ensures the efficient validation of transactions by allowing network participants to stake their tokens and earn rewards for verifying blocks. PBFT, on the other hand, provides finality and guarantees the safety of the network by allowing nodes to reach consensus on the state of the blockchain.

The combination of these two mechanisms allows ZetaChain to achieve a high level of security, scalability, and efficiency. The platform can process up to 1,000 transactions per second, making it suitable for high-volume use cases such as supply chain management and energy trading.

ZetaChain's Privacy Mechanisms

ZetaChain uses several privacy mechanisms to protect the confidentiality of data stored on the blockchain. These mechanisms include:

• Zero-knowledge proofs: ZetaChain uses zero-knowledge proofs to enable transactions without revealing any sensitive information. This feature is particularly useful in healthcare and finance, where data privacy is crucial.
• Ring signatures: Ring signatures allow users to sign transactions anonymously, making it difficult to trace the identity of the sender. This feature is useful in industries such as logistics, where privacy is necessary to prevent theft or tampering.
• Stealth addresses: ZetaChain uses stealth addresses to provide a high level of privacy for users. These addresses are randomly generated for each transaction, making it difficult to link transactions to specific users.

Current Activities of ZetaChain

ZetaChain is currently working on several initiatives to drive adoption and innovation in the blockchain space. One of its key initiatives is to partner with companies in industries like healthcare and logistics to pilot the use of its blockchain platform. The platform's privacy features make it an attractive solution for companies that need to secure and manage sensitive data.

ZetaChain is also actively engaging with the blockchain community through its participation in industry events and conferences. The company has a strong presence on social media and regularly shares updates on its progress and activities.

ZetaChain testnet guide

1. We go to the ZetaChain website and pass the verification by connecting our Twitter account using the Verify with Twitter button:

2. After, you need to connect the wallet, for this, click Conect Wallet in the upper right corner, in our case it is Metamask:

3. Next, go to the Leaderboard section, click Confirm Wallet and confirm the signature request in the wallet:

4. Now we need to get test tokens from three faucets: Goerli, Polygon Mumbai and BSC Testnet. If necessary, we go through the registration and enter the address of your wallet.

5. Then we return to ZetaChain and go to the Get Zeta section, where we still need to get test tokens necessary for future testing. Click Request Assets:

Important: The website faucet doesn't always work, so there is also a second faucet in their Discord. To do this, you need to go to the #zeta_faucet branch directly in Discord itself and send the command zeta faucet drip (your wallet address).

6. After receiving the test tokens, go to the Swap section. First, select the network and the token we want to exchange, then select the network and the token we want to receive in return. For example, let it be the Zeta token in the Goerli network, which we received from the faucet, to the BSC Testnet network for USDT stablecoin. Specify the quantity and click Review Order:

7. Next, confirm the transaction with the Allow ZETA Transfer button:

8. Confirm the transaction in the wallet:

9. We have now allowed ZetaChain to interact with our wallet. Then press Swap:

10. We re-confirm the transaction in MetaMask.
11. A few waits and you're done. The transaction went through, we received 7000 Zeta points!

Important: you can also invite friends using your link, which you can find in the Leaderboard section by clicking the Invite button and get even more points.

ZETA Points and Leaderboard

The points allow community members to track their progress and contributions to ZetaLabs.

The system encourages product/protocol feedback and bug reports to help the team update the network regularly. The structure of earning points in the second version of ZETA is as follows:

And you can see your personal contribution on the public Leaderboard page:

Conclusion