In the ever-evolving blockchain world, ZetaChain (ZETA) is emerging as an innovative solution that promises full interoperability with other blockchains. The arrival of ZetaChain is redefining the boundaries in decentralized application ( DApps ) development and decentralized finance (DeFi), paving the way for unprecedented innovation.

What Is ZetaChain (ZETA)?

ZetaChain is a Layer 1  (L1) blockchain known for its commitment to providing full interoperability with other blockchains. This unique capability empowers developers to create applications that operate across chains easily and quickly.

Also Read: What is Layer 1 Blockchain? How Crypto Layer 1 Works and List

ZetaChain (ZETA) Latest Features & Updates

Version 1.0 of ZetaChain brings a number of features and improvements designed to improve scalability, security and overall efficiency. One important feature is the introduction of cross-chain messaging (CCM) which facilitates communication between applications on ZetaChain and other platforms, promoting a new era of cross-chain collaboration.

Mekanisme Consensus Proof-of-Stake (PoS) ZetaChain (ZETA)

The significant change from Proof-of-Work (PoW) to Proof-of-Stake (PoS) is the highlight of this version 1.0 update. This move addresses the energy intensive nature of PoW, giving ZetaChain a more energy efficient mechanism that not only increases scalability but also reduces transaction costs. PoS randomly selects network nodes to validate transactions, with the choice determined by the number of ZETA tokens staked.

Also Read: What is Proof of Work (PoW)? & What is Proof of Stake (PoS)?

ZetaChain (ZETA) Security Enhancement

ZetaChain places a strong emphasis on security, implementing features such as end-to-end data encryption, double-spend protection, and a strong mechanism against 51% attacks. These steps collectively contribute to making ZetaChain a reliable and attack-resistant blockchain network.

ZetaChain advantages

ZetaChain stands out among its competitors, offering several advantages:

• Interoperability: ZetaChain can seamlessly connect to other blockchains, making it an ideal solution for cross-chain applications.
• High Scalability: The use of PoS consensus mechanism results in high throughput and lower transaction costs.
• Advanced security : The implementation of advanced security features strengthens ZetaChain against potential attacks.

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Token ZETA 

ZetaChain's native token, ZETA, is a zetachain utility token that plays an important role in the blockchain network. ZETA tokens are used for payment of transaction fees, voting on network improvement proposals, and more. The ZETA token is regulated as a restricted asset with a total issuance of 100 million tokens. Its availability on major cryptocurrency exchanges such as Binance, Huobi, and Gate.io ensures wide accessibility.

Token Distribution and Community Incentives

With a total supply of 2.1 billion ZETA tokens, ZetaChain has allocated these resources wisely to ensure network sustainability and growth:

• User Growth Pool: 10% (210,000,000 ZETA)
• Ecosystem Growth Fund: 12% (252,000,000 ZETA)
• Validator Incentives: 10% (210,000,000 ZETA)
• Liquidity Incentives: 5.5% (115,500,000 ZETA)
• Protocol Treasury: 24% (504,000,000 ZETA)
• Core Contributors: 22.5% (472,500,000 ZETA)
• Purchasers and Advisors: 16% (336,000,000 ZETA)

Reward and Eligibility Program

As part of their dedication to community growth, ZetaChain has set aside the majority of ZETA tokens for prize programs including:

• Users earning ZETA Points in ZetaLabs snapshot: 1.5%
• Participants in the Quest Campaign: 2.5%
• Mainnet Users: 6%

Mainnet Launch and Future Plans of ZetaChain 

ZetaChain's mainnet launch marks an important milestone in their roadmap. Post-launch, the network will open the door to a variety of core features, and ZetaHub will provide an interface for users to explore applications and track network usage. A special XP program will kick off the mainnet experience, rewarding users based on their on-chain activity.

ZetaChain Prospects

ZetaChain's future looks bright, with the potential to:

• Driving Cross-Blockchain Innovation: Full interoperability paves the way for innovative cross-chain applications.
• High Scalability: High scalability makes ZetaChain an attractive choice for application developers with significant traffic.
• Advanced Security: Security features position ZetaChain as a reliable and secure blockchain network.

If ZetaChain continues to realize its potential, it has the capacity to play a huge role in shaping the future of the blockchain industry.

Conclusion

The release of version 1.0 of ZetaChain and the launch of Mainnet marked an important milestone in the evolution of the project. With its unique features, enhanced security, and commitment to full interoperability, ZetaChain positions itself as a promising competitor in the blockchain industry. The project's potential to become a leading blockchain is underscored by its advantages in interoperability, scalability, and security.

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