ZETACHAIN - All of Crypto. All on One Chain

Zetachain is a layer1 blockchain with a consensus mechanism of Proof of Stake(PoS). Zetachian is a layer 1 interoperable with other blockchains. Each validator node of Zetachain is assigned to an observer. Observers will report on related events to Zetachain to reach consensus. To interact with other blockchains, each validator is assigned a part of the public/private key. The set of all validators holding the key can directly interact with another blockchain. Because of the key, Zetachain can allow assets to be stored on other blockchains that do not support smart contracts like Bitcoin. The current situation The market is constantly evolving at an amazing rate with many different ecosystems serving their own purposes: Security, decentralization, scalability, speed, cost, etc. These blockchains are just that. some requirements but not all due to the trilemma (security, decentralization, scalability) need something that can link blockchains together to optimize each function of each blockchain. Zetachain's Vision Zetachain's vision is to be a blockchain that links all the other important blockchains together. On top of that, decentralized applications can be built easily on cross-chains. Before Zetachain, the division of different cross-chain solutions made the fragmentation bigger and bigger. Structure of Zetachain The structure of Zetachain consists of a distributed network of nodes, commonly known as validators. In each validator are ZetaCore and ZetaClient. ZetaCore is responsible for producing the blockchain and maintaining it. ZetaClient is responsible for monitoring events on external chains and signing transactions that are sent. Each validator node can vote on proposals with voting power proportional to the number of Zeta tokens staking. Observers: To obtain consensus from off-chain events, consensus is required from these ob-servers. Signers: Zetachain shares keys for authentic interaction with external chains. The keys are distributed to many signers, but on behalf of Zetachain, most of their signatures are needed. Development team According to what was introduced, the Zetachain team has been experienced in the cryptocurrency field since 2013 and the members have all worked for large projects such as Coinbase, Brave, 0x. Although it's just started and there is still a lot of information that has not been officially announced, the Zetachain team shows the refinement of its product when the information channels about the project are always updated regularly aimed at educating the community. better copper.

11/24/2022