TokenInsight Analysis: The Future of Omnichain
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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
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Coinbase launches Learning Rewards and ZetaChain support on Coinbase Wallet to bring omnichain to users
ZetaChain’s mission is to serve as a platform for universal access, simplicity, and utility across any blockchain. Today marks a significant milestone as leading wallet Coinbase Wallet adds support for ZetaChain to launch Learning Rewards quests campaign in Coinbase Wallet. The integration enables Coinbase Wallet users to experience omnichain interoperability across all chains in a simple, fast, and secure way.