- Coinbase is now a ZetaChain validator, enhancing cross-chain connectivity for developers and users without network switching.
- ZetaChain’s Universal Smart Contracts simplify cross-chain interactions, allowing developers to deploy apps across multiple blockchains.
- The ZETA token powers ZetaChain, supporting transactions and governance, ensuring the network’s long-term sustainability and security.
Coinbase is now an official ZetaChain validator with multichain interoperability. ZetaChain allows developers to build Universal Apps that seamlessly connect different blockchains. users can access these apps without switching between networks. Following an announcement by Coinbase Institutional, institutional investors can now stake ZetaChain on Coinbase Prime.
ZetaChain’s Universal Layer 1 blockchain, in contrast to previous blockchains, connects non-smart chains like Bitcoin with both Layer 1 and Layer 2 networks. Developing apps that function on all blockchains is made easier for developers by its exclusive Chain Abstraction Framework (CAF). Moreover, ZetaChain’s Ethereum Virtual Machine supports multichain transactions, enabling seamless asset and data transfers across chains.
Validator Role and Network Security
Besides facilitating connectivity, ZetaChain relies on validators like Coinbase for security. Validators stake ZETA tokens to participate in block validation and governance, with more ZETA staked increasing their voting power.
In return, validators earn rewards, while observers and signers ensure accurate, secure cross-chain operations. Additionally, ZetaChain incorporates liquidity caps and rate limiters to manage transaction flow, keeping the network stable during high activity.
Universal Smart Contracts and Cross-Chain Transactions
Moreover, ZetaChain’s Universal Smart Contracts eliminate the need for redeployment on other chains. These contracts interact with multiple chains simultaneously, reducing complexity for developers. They can receive assets from different chains and manage cross-chain transactions, with gas fees paid in the source chain’s native token.
The ZETA token plays a vital role in powering the ZetaChain network. Besides being used as gas fees for transactions, it also serves as an intermediary for cross-chain transactions. Governance of the ZETA token allows for updates in monetary policies, ensuring long-term sustainability. ZetaChain aims to enable an interconnected blockchain ecosystem where developers and users can navigate with ease.
