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ZetaChain utilizes the Cosmos SDK, based on the Tendermint consensus engine and Proof of Stake (PoS) model, to demonstrate unique full-chain interoperability capabilities. It employs its own token as Gas fees, with advantages in extending full-chain EVM smart contracts. As explained by Jed Barker, the operation of ZetaChain is as follows:
Full-chain Smart Contracts: The core of ZetaChain is smart contracts that can interact with multiple blockchains. These smart contracts are supported by the ZetaEVM engine, compatible with the Ethereum Virtual Machine, allowing for cross-blockchain data interaction.
Seamless Asset Transfers: Simplifies asset transfers between blockchains without the need for complex bridging. This includes supporting blockchains without native smart contract functionality, such as Bitcoin.
Cross-chain Messaging: For simpler data exchanges (e.g., NFT transfers), ZetaChain offers cross-chain messaging capabilities, facilitating lightweight data transfer between different networks.
Management of External Assets: ZetaChain extends its functionality to manage assets on other blockchains, applying smart contract logic to chains that typically lack this capability.
Like other architectures, Zeta can provide numerous cross-chain messaging functionalities, but its unique advantage lies in supporting full-chain EVM contracts, often referred to as "THORChain with smart contracts" or "Axelar with EVM." It utilizes the ZETA token as the routing token for cross-chain messaging.
Explanation as follows: ZetaCore is the client responsible for generating blocks and running Layer1, similar to other PoS blockchains. ZetaClient handles cross-chain operations, with other nodes simultaneously running ZetaCore and ZetaClient. Zeta nodes perform three key functions: validation, observation, and signing, each operated by different roles within each node. This architecture supports two key functionalities: full-chain smart contracts and cross-chain messaging. |
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Post time 28-3-2024 08:18:51