TokenInsight Analysis: The Future of Omnichain
This blog post and full TokenInsight report can be read in español, 简体中文, 繁體中文, 日本語, हिंदी, 한국인, tiếng-việt, deutsch, português, français, русский, українська, persian, türkçe, indonesian, and filipino.
We are excited to share the latest TokenInsight report: The Future of Omnichain: ZetaChain, A Novel Layer-1 Blockchain Enables Fully Interoperable Smart Contracts.
TokenInsight is a data-driven blockchain institution that provides objective commercial due diligence, project analysis, industry research, and more. This report outlines ZetaChain’s approach to interoperability including the following key highlights:
ZetaChain tackles existing cross-chain protocol limitations with its Omnichain Smart Contracts, where applications can be built as if all assets were on one chain.
ZetaChain’s messaging allows arbitrary cross-chain data transfer/contract calls and wrap-less value transfer across chains.
ZetaChain can connect smart and non-smart contract platforms for seamless, universal applications, integrating chains like Bitcoin into DeFi and crypto ecosystems natively.
The distributed validator network of Zetachain replaces outside relays and oracles to verify cross-chain transaction states and lets smart contracts natively manage cross-chain pricing/liquidity.
ZetaChain introduces novel hybrid transaction model that merges UTXO (Bitcoin) and Accounts (Ethereum) models to enable secure yet robust omnichain applications.
As of March 16, 2023, over 1 million users have generated 88.3 million internal transactions and 6.49 million cross-chain transactions on Zetachain’s on-chain ecosystem.
See the full report here
Latest
Major brands like Alchemy, Tenderly, and Ledger join over 125 infra providers supporting the first universal blockchain
The new unicorn partnerships substantiate ZetaChain as a premium L1 for developers focused on building dApps that work across any blockchain — even Bitcoin network.
Build for any blockchain with Universal Apps
ZetaChain’s mission is to serve as a platform for universal access, simplicity, and utility across any blockchain. Today we’re excited to introduce Gateway and Localnet, which greatly improve DevX for Universal Apps — single smart contracts on ZetaChain’s EVM that are natively connected to any other blockchain. Gateway plays a significant role in the active ZetaChain 2.0 upgrades.