- Coinbase becomes a validator for ZetaChain, enhancing cross-chain connectivity and enabling seamless blockchain interactions.
- ZetaChain’s Universal Smart Contracts simplify development by eliminating the need for redeployment on different blockchains.
- Validators stake ZETA tokens, ensuring network security while participating in governance and earning rewards for maintaining the system.
Coinbase has officially become a validator for ZetaChain, further strengthening its commitment to enhancing cross-chain connectivity. This move supports ZetaChain’s mission to simplify blockchain interactions for both developers and users by eliminating the need for network switching.
ZetaChain’s Unique Cross-Chain Approach
ZetaChain, through its Universal Smart Contracts, offers developers the ability to deploy decentralized applications across multiple blockchains. Moreover, these apps can connect non-smart contract chains like Bitcoin with Layer 1 and Layer 2 networks. This simplifies cross-chain interactions, enabling developers to build universal apps that interact with different blockchains. Consequently, users can access these apps without needing to switch between networks, improving their overall experience.
The Role of Validators in ZetaChain’s Security
Validators such as Coinbase play a vital role in ensuring the security of ZetaChain. By staking ZETA tokens, validators participate in block validation and governance decisions, with more tokens increasing their influence. Furthermore, validators earn rewards for maintaining the network, while observers and signers ensure that cross-chain transactions remain accurate and secure.
Besides simplifying blockchain interactions, ZetaChain’s Universal Smart Contracts eliminate the need for redeployment across different chains. These contracts can interact with multiple blockchains simultaneously, reducing development complexity. Additionally, ZetaChain’s Ethereum Virtual Machine (EVM) compatibility enables seamless cross-chain transactions, with gas fees paid in the source chain’s native token.
ZETA Token: Powering ZetaChain
The ZETA token plays a significant role in ZetaChain’s functionality. It is used for transaction fees and as an intermediary in cross-chain transactions. Additionally, governance over the token ensures network updates and long-term sustainability. The collaboration with Coinbase adds credibility and security to the ZetaChain network, making it a more robust platform for cross-chain developments.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
